XAR vs. FSDAX
Compare and contrast key facts about SPDR S&P Aerospace & Defense ETF (XAR) and Fidelity Select Defense & Aerospace Portfolio (FSDAX).
XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. FSDAX is managed by Fidelity. It was launched on May 8, 1984.
Performance
XAR vs. FSDAX - Performance Comparison
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XAR vs. FSDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAR SPDR S&P Aerospace & Defense ETF | 5.33% | 46.15% | 23.32% | 23.79% | -5.02% | 2.31% | 6.18% | 39.33% | -4.58% | 33.00% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | -3.56% | 50.03% | 15.83% | 16.29% | 6.83% | 4.91% | -7.87% | 33.75% | -6.83% | 34.15% |
Returns By Period
In the year-to-date period, XAR achieves a 5.33% return, which is significantly higher than FSDAX's -3.56% return. Over the past 10 years, XAR has outperformed FSDAX with an annualized return of 18.07%, while FSDAX has yielded a comparatively lower 14.95% annualized return.
XAR
- 1D
- 4.85%
- 1M
- -10.20%
- YTD
- 5.33%
- 6M
- 8.19%
- 1Y
- 58.67%
- 3Y*
- 30.25%
- 5Y*
- 15.56%
- 10Y*
- 18.07%
FSDAX
- 1D
- -2.27%
- 1M
- -14.26%
- YTD
- -3.56%
- 6M
- -1.06%
- 1Y
- 34.57%
- 3Y*
- 23.65%
- 5Y*
- 15.00%
- 10Y*
- 14.95%
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XAR vs. FSDAX - Expense Ratio Comparison
XAR has a 0.35% expense ratio, which is lower than FSDAX's 0.74% expense ratio.
Return for Risk
XAR vs. FSDAX — Risk / Return Rank
XAR
FSDAX
XAR vs. FSDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) and Fidelity Select Defense & Aerospace Portfolio (FSDAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XAR | FSDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.48 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.02 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.34 | 1.96 | +1.38 |
Martin ratioReturn relative to average drawdown | 11.77 | 7.81 | +3.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XAR | FSDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.48 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.76 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.68 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.63 | +0.21 |
Correlation
The correlation between XAR and FSDAX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XAR vs. FSDAX - Dividend Comparison
XAR's dividend yield for the trailing twelve months is around 0.35%, less than FSDAX's 4.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XAR SPDR S&P Aerospace & Defense ETF | 0.35% | 0.40% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.09% | 2.31% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 4.65% | 4.48% | 7.68% | 6.47% | 8.87% | 8.38% | 2.11% | 2.62% | 11.45% | 3.57% | 4.87% | 6.30% |
Drawdowns
XAR vs. FSDAX - Drawdown Comparison
The maximum XAR drawdown since its inception was -46.37%, smaller than the maximum FSDAX drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for XAR and FSDAX.
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Drawdown Indicators
| XAR | FSDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -60.59% | +14.22% |
Max Drawdown (1Y)Largest decline over 1 year | -17.22% | -16.13% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -32.40% | -22.84% | -9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | -47.08% | +0.71% |
Current DrawdownCurrent decline from peak | -13.20% | -16.13% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -10.45% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 4.04% | +0.84% |
Volatility
XAR vs. FSDAX - Volatility Comparison
SPDR S&P Aerospace & Defense ETF (XAR) has a higher volatility of 10.26% compared to Fidelity Select Defense & Aerospace Portfolio (FSDAX) at 7.71%. This indicates that XAR's price experiences larger fluctuations and is considered to be riskier than FSDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAR | FSDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 7.71% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 15.52% | +5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.28% | 23.22% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.91% | 19.92% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 22.07% | +2.27% |