EIPCX vs. FYHTX
EIPCX (Parametric Commodity Strategy Fund Class I) and FYHTX (Fidelity Commodity Strategy Fund) are both Commodities funds. Over the past 5 years, EIPCX returned 13.69%/yr vs 8.69%/yr for FYHTX. Their correlation of 0.90 means they have usually moved in the same direction. EIPCX charges 0.66%/yr vs 0.63%/yr for FYHTX.
Performance
EIPCX vs. FYHTX - Performance Comparison
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Returns By Period
In the year-to-date period, EIPCX achieves a 20.06% return, which is significantly higher than FYHTX's 16.43% return.
EIPCX
- 1D
- 0.13%
- 1M
- 5.57%
- 6M
- 11.64%
- YTD
- 20.06%
- 1Y
- 37.22%
- 3Y*
- 14.91%
- 5Y*
- 13.69%
- 10Y*
- 10.87%
- ALL TIME*
- 3.22%
FYHTX
- 1D
- -0.24%
- 1M
- 5.38%
- 6M
- 7.21%
- YTD
- 16.43%
- 1Y
- 28.32%
- 3Y*
- 9.46%
- 5Y*
- 8.69%
- 10Y*
- —
- ALL TIME*
- 6.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EIPCX vs. FYHTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIPCX Parametric Commodity Strategy Fund Class I | 20.06% | 22.27% | 9.97% | -4.70% | 17.76% | 30.13% | 7.83% | 9.58% | -9.45% | 8.07% |
FYHTX Fidelity Commodity Strategy Fund | 16.43% | 14.72% | 4.73% | -8.62% | 15.32% | 26.43% | -3.84% | 6.91% | -11.71% | 6.00% |
Correlation
The correlation between EIPCX and FYHTX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 30, 2017 | 0.90 |
The correlation between EIPCX and FYHTX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
EIPCX vs. FYHTX — Risk / Return Rank
EIPCX
FYHTX
EIPCX vs. FYHTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) and Fidelity Commodity Strategy Fund (FYHTX). 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.
| EIPCX | FYHTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.18 | +0.64 |
| Martin ratioReturn relative to average drawdown | 9.13 | 7.07 | +2.06 |
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Drawdowns
EIPCX vs. FYHTX - Drawdown Comparison
The maximum EIPCX drawdown since its inception was -54.05%, which is greater than FYHTX's maximum drawdown of -33.22%. Use the drawdown chart below to compare losses from any high point for EIPCX and FYHTX.
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Drawdown Indicators
| EIPCX | FYHTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.05% | -33.22% | -20.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -12.55% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -12.55% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -25.47% | +7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -28.53% | — | — |
Current DrawdownCurrent decline from peak | -5.80% | -6.78% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -11.87% | -12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.95% | -0.18% |
Volatility
EIPCX vs. FYHTX - Volatility Comparison
The current volatility for Parametric Commodity Strategy Fund Class I (EIPCX) is 3.50%, while Fidelity Commodity Strategy Fund (FYHTX) has a volatility of 4.00%. This indicates that EIPCX experiences smaller price fluctuations and is considered to be less risky than FYHTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIPCX | FYHTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 4.00% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 11.80% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 14.41% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 15.80% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 14.47% | -1.19% |
EIPCX vs. FYHTX - Expense Ratio Comparison
EIPCX has a 0.66% expense ratio, which is higher than FYHTX's 0.63% expense ratio.
Dividends
EIPCX vs. FYHTX - Dividend Comparison
EIPCX's dividend yield for the trailing twelve months is around 11.10%, more than FYHTX's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EIPCX Parametric Commodity Strategy Fund Class I | 11.10% | 13.33% | 5.65% | 3.69% | 14.93% | 13.83% | 3.10% | 1.54% | 0.87% | 5.14% | 6.59% |
FYHTX Fidelity Commodity Strategy Fund | 2.52% | 2.93% | 3.78% | 4.10% | 57.34% | 15.05% | 0.00% | 7.00% | 12.49% | 0.36% | 0.00% |
Frequently Asked Questions
EIPCX and FYHTX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FYHTX has higher volatility (4.00%) compared to EIPCX (3.50%). In terms of maximum drawdown, EIPCX dropped -54.05% vs FYHTX's -33.22%.
EIPCX currently has the higher Sharpe Ratio (2.39 vs 1.92), 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.
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