FCSSX vs. CCSZX
FCSSX (Fidelity Series Commodity Strategy Fund) and CCSZX (Columbia Commodity Strategy Fund) are both Commodities funds. Over the past 10 years, FCSSX returned 6.11%/yr vs 7.42%/yr for CCSZX. Their correlation of 0.94 suggests significant overlap in exposure. FCSSX charges 0.00%/yr vs 0.86%/yr for CCSZX.
Performance
FCSSX vs. CCSZX - Performance Comparison
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Returns By Period
In the year-to-date period, FCSSX achieves a 15.48% return, which is significantly lower than CCSZX's 25.61% return. Over the past 10 years, FCSSX has underperformed CCSZX with an annualized return of 6.11%, while CCSZX has yielded a comparatively higher 7.42% annualized return.
FCSSX
- 1D
- 1.10%
- 1M
- -0.00%
- 6M
- 10.83%
- YTD
- 15.48%
- 1Y
- 24.31%
- 3Y*
- 10.75%
- 5Y*
- 9.98%
- 10Y*
- 6.11%
CCSZX
- 1D
- 1.55%
- 1M
- 0.89%
- 6M
- 19.79%
- YTD
- 25.61%
- 1Y
- 35.24%
- 3Y*
- 14.75%
- 5Y*
- 12.06%
- 10Y*
- 7.42%
FCSSX vs. CCSZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSSX Fidelity Series Commodity Strategy Fund | 15.48% | 15.43% | 5.36% | -8.25% | 18.11% | 27.59% | -3.11% | 7.41% | -12.10% | 0.92% |
CCSZX Columbia Commodity Strategy Fund | 25.61% | 15.36% | 7.11% | -6.90% | 15.80% | 31.34% | -1.17% | 7.45% | -14.09% | 1.71% |
Correlation
The correlation between FCSSX and CCSZX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012 | 0.94 |
The correlation between FCSSX and CCSZX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
FCSSX vs. CCSZX — Risk / Return Rank
FCSSX
CCSZX
FCSSX vs. CCSZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Commodity Strategy Fund (FCSSX) and Columbia Commodity Strategy Fund (CCSZX). 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.
| FCSSX | CCSZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.99 | -1.06 |
| Martin ratioReturn relative to average drawdown | 6.42 | 10.77 | -4.34 |
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Drawdowns
FCSSX vs. CCSZX - Drawdown Comparison
The maximum FCSSX drawdown since its inception was -66.04%, which is greater than CCSZX's maximum drawdown of -61.34%. Use the drawdown chart below to compare losses from any high point for FCSSX and CCSZX.
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Drawdown Indicators
| FCSSX | CCSZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.04% | -61.34% | -4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -11.97% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -11.97% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -27.86% | +3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | -34.16% | +0.79% |
Current DrawdownCurrent decline from peak | -13.60% | -6.55% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -36.05% | -31.19% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.29% | +0.43% |
Volatility
FCSSX vs. CCSZX - Volatility Comparison
The current volatility for Fidelity Series Commodity Strategy Fund (FCSSX) is 4.02%, while Columbia Commodity Strategy Fund (CCSZX) has a volatility of 4.90%. This indicates that FCSSX experiences smaller price fluctuations and is considered to be less risky than CCSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSSX | CCSZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 4.90% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 14.48% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 16.93% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 16.95% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 14.90% | -0.61% |
FCSSX vs. CCSZX - Expense Ratio Comparison
FCSSX has a 0.00% expense ratio, which is lower than CCSZX's 0.86% expense ratio.
Dividends
FCSSX vs. CCSZX - Dividend Comparison
FCSSX's dividend yield for the trailing twelve months is around 2.33%, less than CCSZX's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CCSZX Columbia Commodity Strategy Fund | 2.39% | 3.00% | 8.84% | 4.42% | 94.73% | 36.39% | 0.13% | 1.09% | 18.52% | 0.09% |
FCSSX Fidelity Series Commodity Strategy Fund | 2.33% | 2.69% | 12.74% | 4.53% | 128.24% | 41.74% | 0.44% | 1.49% | 6.76% | 0.53% |
Frequently Asked Questions
FCSSX and CCSZX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCSZX has higher volatility (4.90%) compared to FCSSX (4.02%). In terms of maximum drawdown, FCSSX dropped -66.04% vs CCSZX's -61.34%.
CCSZX currently has the higher Sharpe Ratio (2.12 vs 1.67), 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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