CCRSX vs. FIQRX

Last updated Jun 26, 2026

CCRSX (Credit Suisse Trust Commodity Return Strategy Portfolio) and FIQRX (Fidelity Advisor Global Commodity Stock Fund Class Z) are both Commodities funds. Over the past 5 years, CCRSX returned 56.51%/yr vs 12.01%/yr for FIQRX. A 0.56 correlation means they provide meaningful diversification when combined. CCRSX charges 1.05%/yr vs 0.80%/yr for FIQRX.

Performance

CCRSX vs. FIQRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) and Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCRSX achieves a 13.72% return, which is significantly higher than FIQRX's 11.80% return.

CCRSX

• 1D: -1.65%
• 1M: -10.51%
• YTD: 13.72%
• 6M: 12.09%
• 1Y: 23.94%
• 3Y*: 10.78%
• 5Y*: 56.51%
• 10Y*: 25.39%

FIQRX

• 1D: -1.88%
• 1M: -8.92%
• YTD: 11.80%
• 6M: 11.40%
• 1Y: 33.70%
• 3Y*: 16.25%
• 5Y*: 12.01%
• 10Y*: —

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

CCRSX vs. FIQRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CCRSX Credit Suisse Trust Commodity Return Strategy Portfolio	13.72%	15.37%	4.86%	-8.88%	15.71%	667.99%	-1.49%	6.69%	-11.26%
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	11.80%	28.74%	3.10%	-5.03%	20.90%	26.24%	6.27%	18.10%	-13.01%

Correlation

The correlation between CCRSX and FIQRX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.56

The correlation between CCRSX and FIQRX has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

Return for Risk

CCRSX vs. FIQRX — Risk / Return Rank

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

CCRSX

CCRSX Risk / Return Rank: 34
CCRSX Sharpe Ratio Rank: 36
CCRSX Sortino Ratio Rank: 30
CCRSX Omega Ratio Rank: 35
CCRSX Calmar Ratio Rank: 28
CCRSX Martin Ratio Rank: 39

FIQRX

FIQRX Risk / Return Rank: 64
FIQRX Sharpe Ratio Rank: 63
FIQRX Sortino Ratio Rank: 53
FIQRX Omega Ratio Rank: 53
FIQRX Calmar Ratio Rank: 71
FIQRX Martin Ratio Rank: 81

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.

CCRSX vs. FIQRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) and Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CCRSX	FIQRX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.93	-0.49
Sortino ratio: Return per unit of downside risk	1.92	2.53	-0.60
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	1.66	2.82	-1.16
Martin ratio: Return relative to average drawdown	7.33	12.73	-5.39

CCRSX vs. FIQRX - Sharpe Ratio Comparison

The current CCRSX Sharpe Ratio is 1.44, which is comparable to the FIQRX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of CCRSX and FIQRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CCRSX vs. FIQRX - Drawdown Comparison

The maximum CCRSX drawdown since its inception was -78.02%, which is greater than FIQRX's maximum drawdown of -45.62%. Use the drawdown chart below to compare losses from any high point for CCRSX and FIQRX.

Drawdown Indicators

	CCRSX	FIQRX	Difference
Max Drawdown Largest peak-to-trough decline	-78.02%	-45.62%	-32.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	-11.74%	-2.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-19.20%	+4.90%
Max Drawdown (5Y) Largest decline over 5 years	-25.53%	-27.18%	+1.65%
Max Drawdown (10Y) Largest decline over 10 years	-36.73%	—	—
Current Drawdown Current decline from peak	-14.30%	-11.74%	-2.56%
Average Drawdown Average peak-to-trough decline	-41.23%	-9.38%	-31.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.60%	+0.63%

Volatility

CCRSX vs. FIQRX - Volatility Comparison

The current volatility for Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) is 4.08%, while Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX) has a volatility of 5.74%. This indicates that CCRSX experiences smaller price fluctuations and is considered to be less risky than FIQRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCRSX	FIQRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	5.74%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	14.61%	14.09%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	17.18%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	222.81%	21.42%	+201.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	157.70%	24.22%	+133.48%

CCRSX vs. FIQRX - Expense Ratio Comparison

CCRSX has a 1.05% expense ratio, which is higher than FIQRX's 0.80% expense ratio.

Dividends

CCRSX vs. FIQRX - Dividend Comparison

CCRSX's dividend yield for the trailing twelve months is around 12.19%, more than FIQRX's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CCRSX Credit Suisse Trust Commodity Return Strategy Portfolio	12.19%	3.98%	2.95%	26.59%	18.97%	4.82%	5.51%	0.86%	2.91%
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	2.31%	2.58%	2.74%	2.28%	1.99%	3.55%	1.66%	3.34%	2.58%

Frequently Asked Questions

Can I hold both CCRSX and FIQRX in my portfolio?

CCRSX and FIQRX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCRSX or FIQRX?

FIQRX has higher volatility (5.74%) compared to CCRSX (4.08%). In terms of maximum drawdown, CCRSX dropped -78.02% vs FIQRX's -45.62%.

Which has better risk-adjusted returns?

FIQRX currently has the higher Sharpe Ratio (1.93 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.