FCGCX vs. FIFGX

Last updated Jun 24, 2026

FCGCX (Fidelity Advisor Global Commodity Stock Fund Class C) and FIFGX (Fidelity SAI Inflation-Focused) are both Commodities funds from Fidelity. Over the past 5 years, FCGCX returned 11.83%/yr vs 73.98%/yr for FIFGX. A 0.57 correlation means they provide meaningful diversification when combined. FCGCX charges 1.97%/yr vs 0.39%/yr for FIFGX.

Performance

FCGCX vs. FIFGX - Performance Comparison

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

Returns By Period

In the year-to-date period, FCGCX achieves a 15.41% return, which is significantly lower than FIFGX's 31.86% return.

FCGCX

• 1D: 0.31%
• 1M: -5.64%
• YTD: 15.41%
• 6M: 14.75%
• 1Y: 35.13%
• 3Y*: 16.37%
• 5Y*: 11.83%
• 10Y*: 11.48%

FIFGX

• 1D: -0.82%
• 1M: -10.27%
• YTD: 31.86%
• 6M: 27.90%
• 1Y: 33.16%
• 3Y*: 143.41%
• 5Y*: 73.98%
• 10Y*: —

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

FCGCX vs. FIFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FCGCX Fidelity Advisor Global Commodity Stock Fund Class C	15.41%	27.29%	1.90%	-6.06%	19.45%	24.85%	4.96%	16.74%	0.45%
FIFGX Fidelity SAI Inflation-Focused	31.86%	7.44%	6.34%	781.04%	9.30%	32.92%	1.48%	9.32%	-2.00%

Correlation

The correlation between FCGCX and FIFGX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 20, 2018	0.57

The correlation between FCGCX and FIFGX shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FCGCX vs. FIFGX — Risk / Return Rank

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

FCGCX

FCGCX Risk / Return Rank: 64
FCGCX Sharpe Ratio Rank: 56
FCGCX Sortino Ratio Rank: 47
FCGCX Omega Ratio Rank: 48
FCGCX Calmar Ratio Rank: 86
FCGCX Martin Ratio Rank: 81

FIFGX

FIFGX Risk / Return Rank: 28
FIFGX Sharpe Ratio Rank: 23
FIFGX Sortino Ratio Rank: 22
FIFGX Omega Ratio Rank: 23
FIFGX Calmar Ratio Rank: 33
FIFGX Martin Ratio Rank: 41

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.

FCGCX vs. FIFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Commodity Stock Fund Class C (FCGCX) 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.

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.

	FCGCX	FIFGX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.29	+0.75
Sortino ratio: Return per unit of downside risk	2.67	1.81	+0.86
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	3.94	2.05	+1.90
Martin ratio: Return relative to average drawdown	14.12	8.28	+5.85

FCGCX vs. FIFGX - Sharpe Ratio Comparison

The current FCGCX Sharpe Ratio is 2.04, which is higher than the FIFGX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FCGCX and FIFGX, 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

FCGCX vs. FIFGX - Drawdown Comparison

The maximum FCGCX drawdown since its inception was -59.67%, which is greater than FIFGX's maximum drawdown of -29.47%. Use the drawdown chart below to compare losses from any high point for FCGCX and FIFGX.

Drawdown Indicators

	FCGCX	FIFGX	Difference
Max Drawdown Largest peak-to-trough decline	-59.67%	-29.47%	-30.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-13.63%	+4.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.96%	-13.63%	-6.33%
Max Drawdown (5Y) Largest decline over 5 years	-27.43%	-29.47%	+2.04%
Max Drawdown (10Y) Largest decline over 10 years	-49.31%	—	—
Current Drawdown Current decline from peak	-8.51%	-13.63%	+5.12%
Average Drawdown Average peak-to-trough decline	-21.16%	-7.68%	-13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	4.16%	-1.71%

Volatility

FCGCX vs. FIFGX - Volatility Comparison

Fidelity Advisor Global Commodity Stock Fund Class C (FCGCX) has a higher volatility of 5.38% compared to Fidelity SAI Inflation-Focused (FIFGX) at 4.75%. This indicates that FCGCX's price experiences larger fluctuations and is considered to be riskier than FIFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCGCX	FIFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	4.75%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	18.63%	-4.75%
Volatility (1Y) Calculated over the trailing 1-year period	17.03%	21.64%	-4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	406.31%	-384.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	331.72%	-309.28%

FCGCX vs. FIFGX - Expense Ratio Comparison

FCGCX has a 1.97% expense ratio, which is higher than FIFGX's 0.39% expense ratio.

Dividends

FCGCX vs. FIFGX - Dividend Comparison

FCGCX's dividend yield for the trailing twelve months is around 1.28%, less than FIFGX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCGCX Fidelity Advisor Global Commodity Stock Fund Class C	1.28%	1.48%	1.38%	0.80%	1.09%	2.41%	0.59%	1.94%	1.11%	0.36%	0.71%	1.49%
FIFGX Fidelity SAI Inflation-Focused	4.13%	5.44%	4.73%	1.54%	12.64%	35.77%	3.10%	1.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCGCX and FIFGX in my portfolio?

FCGCX and FIFGX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCGCX or FIFGX?

FCGCX has higher volatility (5.38%) compared to FIFGX (4.75%). In terms of maximum drawdown, FCGCX dropped -59.67% vs FIFGX's -29.47%.

Which has better risk-adjusted returns?

FCGCX currently has the higher Sharpe Ratio (2.04 vs 1.29), 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.