BCSKX vs. FIFGX

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Commodity Strategies Fund Class K (BCSKX) and Fidelity SAI Inflation-Focused (FIFGX).

BCSKX is a passively managed fund by BlackRock that tracks the performance of the Bloomberg Commodity Index Total Return. It was launched on Oct 3, 2011. FIFGX is managed by Fidelity. It was launched on Dec 20, 2018.

Performance

BCSKX vs. FIFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Commodity Strategies Fund Class K (BCSKX) and Fidelity SAI Inflation-Focused (FIFGX). The values are adjusted to include any dividend payments, if applicable.

BCSKX vs. FIFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BCSKX BlackRock Commodity Strategies Fund Class K	20.37%	28.88%	4.44%	-4.27%	11.95%	22.49%	6.84%	3.89%	0.00%
FIFGX Fidelity SAI Inflation-Focused	37.89%	7.44%	6.34%	-11.90%	9.30%	32.92%	1.48%	9.32%	-2.00%

Returns By Period

In the year-to-date period, BCSKX achieves a 20.37% return, which is significantly lower than FIFGX's 37.89% return.

BCSKX

• 1D: 0.97%
• 1M: 0.81%
• YTD: 20.37%
• 6M: 27.67%
• 1Y: 41.82%
• 3Y*: 16.50%
• 5Y*: 14.27%
• 10Y*: —

FIFGX

• 1D: -1.80%
• 1M: 16.46%
• YTD: 37.89%
• 6M: 37.47%
• 1Y: 38.25%
• 3Y*: 13.15%
• 5Y*: 13.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCSKX vs. FIFGX - Expense Ratio Comparison

BCSKX has a 0.67% expense ratio, which is higher than FIFGX's 0.39% expense ratio.

BCSKX

BlackRock Commodity Strategies Fund Class K

FIFGX

Fidelity SAI Inflation-Focused

Return for Risk

BCSKX vs. FIFGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCSKX

BCSKX Risk / Return Rank: 96
BCSKX Sharpe Ratio Rank: 97
BCSKX Sortino Ratio Rank: 95
BCSKX Omega Ratio Rank: 93
BCSKX Calmar Ratio Rank: 97
BCSKX Martin Ratio Rank: 98

FIFGX

FIFGX Risk / Return Rank: 86
FIFGX Sharpe Ratio Rank: 88
FIFGX Sortino Ratio Rank: 86
FIFGX Omega Ratio Rank: 79
FIFGX Calmar Ratio Rank: 95
FIFGX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCSKX vs. FIFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Commodity Strategies Fund Class K (BCSKX) and Fidelity SAI Inflation-Focused (FIFGX). 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.

	BCSKX	FIFGX	Difference
Sharpe ratio Return per unit of total volatility	2.63	1.79	+0.84
Sortino ratio Return per unit of downside risk	3.31	2.38	+0.93
Omega ratio Gain probability vs. loss probability	1.47	1.32	+0.15
Calmar ratio Return relative to maximum drawdown	4.07	3.26	+0.80
Martin ratio Return relative to average drawdown	20.58	8.62	+11.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCSKX vs. FIFGX - Sharpe Ratio Comparison

The current BCSKX Sharpe Ratio is 2.63, which is higher than the FIFGX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of BCSKX and FIFGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BCSKX	FIFGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	1.79	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.03	+0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.03	+0.72

Correlation

The correlation between BCSKX and FIFGX is 0.77, 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

BCSKX vs. FIFGX - Dividend Comparison

BCSKX's dividend yield for the trailing twelve months is around 2.60%, less than FIFGX's 3.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BCSKX BlackRock Commodity Strategies Fund Class K	2.60%	3.13%	3.66%	9.45%	9.11%	2.72%	0.84%	2.08%	2.02%
FIFGX Fidelity SAI Inflation-Focused	3.94%	5.44%	4.73%	2.43%	12.64%	35.77%	3.10%	1.59%	0.00%

Drawdowns

BCSKX vs. FIFGX - Drawdown Comparison

The maximum BCSKX drawdown since its inception was -30.34%, smaller than the maximum FIFGX drawdown of -92.38%. Use the drawdown chart below to compare losses from any high point for BCSKX and FIFGX.

Drawdown Indicators

	BCSKX	FIFGX	Difference
Max Drawdown Largest peak-to-trough decline	-30.34%	-92.38%	+62.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-12.22%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-22.34%	-92.38%	+70.04%
Current Drawdown Current decline from peak	-0.40%	-1.80%	+1.40%
Average Drawdown Average peak-to-trough decline	-6.67%	-14.18%	+7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	4.63%	-2.55%

Volatility

BCSKX vs. FIFGX - Volatility Comparison

The current volatility for BlackRock Commodity Strategies Fund Class K (BCSKX) is 4.47%, while Fidelity SAI Inflation-Focused (FIFGX) has a volatility of 10.75%. This indicates that BCSKX experiences smaller price fluctuations and is considered to be less risky than FIFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCSKX	FIFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	10.75%	-6.28%
Volatility (6M) Calculated over the trailing 6-month period	12.36%	16.48%	-4.12%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	21.66%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	408.16%	-392.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	338.52%	-323.44%