CLMT vs. FXAIX

Last updated Jun 4, 2026

CLMT (Calumet Specialty Products Partners, L.P.) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past year, CLMT returned 183.11% vs 28.99% for FXAIX. At a 0.14 correlation, their price movements are largely independent.

Performance

CLMT vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calumet Specialty Products Partners, L.P. (CLMT) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLMT achieves a 88.07% return, which is significantly higher than FXAIX's 11.71% return.

CLMT

• 1D: 3.49%
• 1M: 9.43%
• YTD: 88.07%
• 6M: 90.37%
• 1Y: 183.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

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

CLMT vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CLMT Calumet Specialty Products Partners, L.P.	88.07%	-9.76%	29.76%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	5.99%

Correlation

The correlation between CLMT and FXAIX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.14

The correlation between CLMT and FXAIX shifts across timeframes, from -0.01 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CLMT vs. FXAIX — Risk / Return Rank

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

CLMT

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

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 83

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.

CLMT vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calumet Specialty Products Partners, L.P. (CLMT) and Fidelity 500 Index Fund (FXAIX). 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.

	CLMT	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	4.21	2.52	+1.69
Sortino ratio: Return per unit of downside risk	4.51	3.42	+1.09
Omega ratio: Gain probability vs. loss probability	1.59	1.46	+0.14
Calmar ratio: Return relative to maximum drawdown	8.08	3.36	+4.72
Martin ratio: Return relative to average drawdown	28.26	15.70	+12.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLMT vs. FXAIX - Sharpe Ratio Comparison

The current CLMT Sharpe Ratio is 4.21, which is higher than the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of CLMT and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CLMT	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.21	2.52	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.82	+0.02

Drawdowns

CLMT vs. FXAIX - Drawdown Comparison

The maximum CLMT drawdown since its inception was -61.87%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for CLMT and FXAIX.

Drawdown Indicators

	CLMT	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.87%	-33.79%	-28.08%
Max Drawdown (1Y) Largest decline over 1 year	-22.81%	-8.89%	-13.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-20.61%	-3.79%	-16.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.51%	1.90%	+4.61%

Volatility

CLMT vs. FXAIX - Volatility Comparison

Calumet Specialty Products Partners, L.P. (CLMT) has a higher volatility of 13.46% compared to Fidelity 500 Index Fund (FXAIX) at 2.83%. This indicates that CLMT's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLMT	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.46%	2.83%	+10.63%
Volatility (6M) Calculated over the trailing 6-month period	30.52%	8.97%	+21.55%
Volatility (1Y) Calculated over the trailing 1-year period	43.77%	11.86%	+31.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.50%	16.91%	+44.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.50%	18.07%	+43.43%

Dividends

CLMT vs. FXAIX - Dividend Comparison

CLMT has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLMT Calumet Specialty Products Partners, L.P.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both CLMT and FXAIX in my portfolio?

CLMT and FXAIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLMT or FXAIX?

CLMT has higher volatility (13.46%) compared to FXAIX (2.83%). In terms of maximum drawdown, CLMT dropped -61.87% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

CLMT currently has the higher Sharpe Ratio (4.21 vs 2.52), 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.