FCSSX vs. SPMO
Compare and contrast key facts about Fidelity Series Commodity Strategy Fund (FCSSX) and Invesco S&P 500 Momentum ETF (SPMO).
FCSSX is managed by Fidelity. It was launched on Sep 30, 2009. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
FCSSX vs. SPMO - Performance Comparison
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FCSSX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSSX Fidelity Series Commodity Strategy Fund | 16.55% | 15.43% | 5.36% | -8.25% | -47.85% | 27.59% | -3.11% | 7.41% | -12.10% | 0.92% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, FCSSX achieves a 16.55% return, which is significantly higher than SPMO's -5.78% return. Over the past 10 years, FCSSX has underperformed SPMO with an annualized return of -1.11%, while SPMO has yielded a comparatively higher 17.16% annualized 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%
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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FCSSX vs. SPMO - Expense Ratio Comparison
FCSSX has a 0.00% expense ratio, which is lower than SPMO's 0.13% 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. SPMO — Risk / Return Rank
FCSSX
SPMO
FCSSX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Commodity Strategy Fund (FCSSX) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| FCSSX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.98 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.51 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.79 | +0.90 |
Martin ratioReturn relative to average drawdown | 7.54 | 6.36 | +1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCSSX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.98 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.91 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | 0.86 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.85 | -1.04 |
Correlation
The correlation between FCSSX and SPMO is 0.21, 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. SPMO - Dividend Comparison
FCSSX's dividend yield for the trailing twelve months is around 2.31%, more than SPMO's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FCSSX vs. SPMO - Drawdown Comparison
The maximum FCSSX drawdown since its inception was -73.85%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FCSSX and SPMO.
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Drawdown Indicators
| FCSSX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -30.95% | -42.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -12.70% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -66.47% | -22.74% | -43.73% |
Max Drawdown (10Y)Largest decline over 10 years | -66.47% | -30.95% | -35.52% |
Current DrawdownCurrent decline from peak | -61.50% | -9.24% | -52.26% |
Average DrawdownAverage peak-to-trough decline | -44.50% | -4.66% | -39.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 3.57% | -0.29% |
Volatility
FCSSX vs. SPMO - Volatility Comparison
The current volatility for Fidelity Series Commodity Strategy Fund (FCSSX) is 5.41%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.82%. This indicates that FCSSX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSSX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 6.82% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 12.62% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 22.68% | -7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.81% | 19.06% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 20.08% | +2.14% |