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FCSSX vs. FZROX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FCSSX vs. FZROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Commodity Strategy Fund (FCSSX) and Fidelity ZERO Total Market Index Fund (FZROX). The values are adjusted to include any dividend payments, if applicable.

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FCSSX vs. FZROX - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
FCSSX
Fidelity Series Commodity Strategy Fund
16.55%15.43%5.36%-8.25%-47.85%27.59%-3.11%7.41%-7.69%
FZROX
Fidelity ZERO Total Market Index Fund
-6.77%17.23%23.94%26.20%-19.21%26.00%20.51%31.15%-12.72%

Returns By Period

In the year-to-date period, FCSSX achieves a 16.55% return, which is significantly higher than FZROX's -6.77% return.


FCSSX

1D
-0.03%
1M
5.27%
YTD
16.55%
6M
22.88%
1Y
23.54%
3Y*
11.27%
5Y*
-4.11%
10Y*
-1.11%

FZROX

1D
-0.45%
1M
-7.71%
YTD
-6.77%
6M
-4.49%
1Y
14.82%
3Y*
16.81%
5Y*
10.36%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FCSSX vs. FZROX - Expense Ratio Comparison

FCSSX has a 0.00% expense ratio, which is lower than FZROX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Return for Risk

FCSSX vs. FZROX — Risk / Return Rank

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

FCSSX
FCSSX Risk / Return Rank: 8383
Overall Rank
FCSSX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
FCSSX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FCSSX Omega Ratio Rank: 7777
Omega Ratio Rank
FCSSX Calmar Ratio Rank: 9292
Calmar Ratio Rank
FCSSX Martin Ratio Rank: 7878
Martin Ratio Rank

FZROX
FZROX Risk / Return Rank: 4646
Overall Rank
FZROX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FZROX Sortino Ratio Rank: 4545
Sortino Ratio Rank
FZROX Omega Ratio Rank: 4949
Omega Ratio Rank
FZROX Calmar Ratio Rank: 4141
Calmar Ratio Rank
FZROX Martin Ratio Rank: 5353
Martin Ratio Rank
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.

FCSSX vs. FZROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Commodity Strategy Fund (FCSSX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.


FCSSXFZROXDifference

Sharpe ratio

Return per unit of total volatility

1.59

0.84

+0.75

Sortino ratio

Return per unit of downside risk

2.10

1.30

+0.80

Omega ratio

Gain probability vs. loss probability

1.29

1.20

+0.10

Calmar ratio

Return relative to maximum drawdown

2.69

1.05

+1.64

Martin ratio

Return relative to average drawdown

7.54

5.11

+2.42

FCSSX vs. FZROX - Sharpe Ratio Comparison

The current FCSSX Sharpe Ratio is 1.59, which is higher than the FZROX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of FCSSX and FZROX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FCSSXFZROXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

0.84

+0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.14

0.60

-0.74

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.19

0.61

-0.79

Correlation

The correlation between FCSSX and FZROX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Dividends

FCSSX vs. FZROX - Dividend Comparison

FCSSX's dividend yield for the trailing twelve months is around 2.31%, more than FZROX's 1.10% yield.


TTM202520242023202220212020201920182017
FCSSX
Fidelity Series Commodity Strategy Fund
2.31%2.69%12.74%4.53%1.27%41.74%0.44%1.49%6.76%0.53%
FZROX
Fidelity ZERO Total Market Index Fund
1.10%1.02%1.16%1.36%1.57%1.25%1.27%1.51%0.00%0.00%

Drawdowns

FCSSX vs. FZROX - Drawdown Comparison

The maximum FCSSX drawdown since its inception was -73.85%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FCSSX and FZROX.


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Drawdown Indicators


FCSSXFZROXDifference

Max Drawdown

Largest peak-to-trough decline

-73.85%

-34.96%

-38.89%

Max Drawdown (1Y)

Largest decline over 1 year

-9.20%

-12.44%

+3.24%

Max Drawdown (5Y)

Largest decline over 5 years

-66.47%

-25.12%

-41.35%

Max Drawdown (10Y)

Largest decline over 10 years

-66.47%

Current Drawdown

Current decline from peak

-61.50%

-8.89%

-52.61%

Average Drawdown

Average peak-to-trough decline

-44.50%

-5.61%

-38.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.28%

2.56%

+0.72%

Volatility

FCSSX vs. FZROX - Volatility Comparison

Fidelity Series Commodity Strategy Fund (FCSSX) has a higher volatility of 5.41% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 4.41%. This indicates that FCSSX's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FCSSXFZROXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.41%

4.41%

+1.00%

Volatility (6M)

Calculated over the trailing 6-month period

11.68%

9.34%

+2.34%

Volatility (1Y)

Calculated over the trailing 1-year period

15.47%

18.49%

-3.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.81%

17.40%

+11.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.22%

20.25%

+1.97%