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Fidelity Select Defense and Aerospace Portfolio FSDAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FSDAX | Replication |
|---|---|---|
| Annualized growth | 15.0% | 12.4% |
| Annualized volatility | 20.8% | 16.7% |
| Sharpe ratio | 0.78 | 0.78 |
| Maximum drawdown | 21.8% | 22.6% |
| Replication fit (R²) | 0.70 · Tracking error 11.5% | |
Replication portfolio
The published portfolio below is the investable basket used to model FSDAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| XLI | Sector · Industrials | 80.8% |
| MTUM | Factor · Momentum | 9.0% |
| IWC | Micro Cap | 4.6% |
| SLV | Alternatives · Silver | 3.0% |
| XLF | Sector · Financials | 2.7% |