FCLIX vs. LCSIX

Last updated Jul 15, 2026

FCLIX (Fidelity Advisor Industrials Fund I Class) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both mutual funds - FCLIX is a Industrials Equities fund managed by Fidelity, while LCSIX is a Systematic Trend fund managed by LoCorr Funds. Over the past 10 years, FCLIX returned 14.10%/yr vs 2.65%/yr for LCSIX. At a correlation of -0.04, they often move in opposite directions. FCLIX charges 0.75%/yr vs 1.75%/yr for LCSIX.

Performance

FCLIX vs. LCSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Industrials Fund I Class (FCLIX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCLIX achieves a 18.53% return, which is significantly higher than LCSIX's -0.12% return. Over the past 10 years, FCLIX has outperformed LCSIX with an annualized return of 14.10%, while LCSIX has yielded a comparatively lower 2.65% annualized return.

FCLIX

• 1D: -1.16%
• 1M: 2.58%
• 6M: 11.42%
• YTD: 18.53%
• 1Y: 24.05%
• 3Y*: 27.91%
• 5Y*: 17.96%
• 10Y*: 14.10%

LCSIX

• 1D: -0.12%
• 1M: -2.49%
• 6M: -0.58%
• YTD: -0.12%
• 1Y: -1.69%
• 3Y*: -2.34%
• 5Y*: 0.19%
• 10Y*: 2.65%

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

FCLIX vs. LCSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCLIX Fidelity Advisor Industrials Fund I Class	18.53%	24.80%	28.57%	22.99%	-10.41%	16.61%	11.48%	28.14%	-15.58%	19.30%
LCSIX LoCorr Long/Short Commodity Strategies Fund	-0.12%	1.13%	-8.29%	-3.07%	6.04%	14.90%	9.90%	-5.97%	15.16%	6.19%

Correlation

The correlation between FCLIX and LCSIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Jan 17, 2012	-0.04

The correlation between FCLIX and LCSIX shifts across timeframes, from -0.04 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FCLIX vs. LCSIX — Risk / Return Rank

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

FCLIX

FCLIX Risk / Return Rank: 37
FCLIX Sharpe Ratio Rank: 34
FCLIX Sortino Ratio Rank: 35
FCLIX Omega Ratio Rank: 31
FCLIX Calmar Ratio Rank: 40
FCLIX Martin Ratio Rank: 46

LCSIX

LCSIX Risk / Return Rank: 2
LCSIX Sharpe Ratio Rank: 2
LCSIX Sortino Ratio Rank: 2
LCSIX Omega Ratio Rank: 2
LCSIX Calmar Ratio Rank: 2
LCSIX Martin Ratio Rank: 1

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.

FCLIX vs. LCSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Industrials Fund I Class (FCLIX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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.

	FCLIX	LCSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	-0.30	+1.57
Sortino ratio: Return per unit of downside risk	1.88	-0.37	+2.25
Omega ratio: Gain probability vs. loss probability	1.22	0.95	+0.27
Calmar ratio: Return relative to maximum drawdown	1.91	-0.36	+2.27
Martin ratio: Return relative to average drawdown	7.62	-0.83	+8.45

FCLIX vs. LCSIX - Sharpe Ratio Comparison

The current FCLIX Sharpe Ratio is 1.27, which is higher than the LCSIX Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of FCLIX and LCSIX, 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

FCLIX vs. LCSIX - Drawdown Comparison

The maximum FCLIX drawdown since its inception was -60.76%, which is greater than LCSIX's maximum drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for FCLIX and LCSIX.

Drawdown Indicators

	FCLIX	LCSIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.76%	-25.13%	-35.63%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-4.97%	-8.12%
Max Drawdown (3Y) Largest decline over 3 years	-21.26%	-11.60%	-9.66%
Max Drawdown (5Y) Largest decline over 5 years	-26.34%	-13.21%	-13.13%
Max Drawdown (10Y) Largest decline over 10 years	-42.69%	-13.54%	-29.15%
Current Drawdown Current decline from peak	-3.94%	-11.31%	+7.37%
Average Drawdown Average peak-to-trough decline	-7.66%	-6.39%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.16%	+1.11%

Volatility

FCLIX vs. LCSIX - Volatility Comparison

Fidelity Advisor Industrials Fund I Class (FCLIX) has a higher volatility of 7.13% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.31%. This indicates that FCLIX's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCLIX	LCSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	1.31%	+5.82%
Volatility (6M) Calculated over the trailing 6-month period	16.16%	4.78%	+11.38%
Volatility (1Y) Calculated over the trailing 1-year period	19.72%	5.94%	+13.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	5.51%	+15.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	6.66%	+14.89%

FCLIX vs. LCSIX - Expense Ratio Comparison

FCLIX has a 0.75% expense ratio, which is lower than LCSIX's 1.75% expense ratio.

Dividends

FCLIX vs. LCSIX - Dividend Comparison

FCLIX's dividend yield for the trailing twelve months is around 1.33%, less than LCSIX's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLIX Fidelity Advisor Industrials Fund I Class	1.33%	1.58%	8.07%	8.08%	3.30%	20.72%	0.55%	7.31%	11.97%	2.66%	5.69%	9.05%
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.32%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%

Frequently Asked Questions

Can I hold both FCLIX and LCSIX in my portfolio?

FCLIX and LCSIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCLIX or LCSIX?

FCLIX has higher volatility (7.13%) compared to LCSIX (1.31%). In terms of maximum drawdown, FCLIX dropped -60.76% vs LCSIX's -25.13%.

Which has better risk-adjusted returns?

FCLIX currently has the higher Sharpe Ratio (1.27 vs -0.30), 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.