FCSSX vs. SPY
Compare and contrast key facts about Fidelity Series Commodity Strategy Fund (FCSSX) and SPDR S&P 500 ETF (SPY).
FCSSX is managed by Fidelity. It was launched on Sep 30, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCSSX or SPY.
Key characteristics
| FCSSX | SPY | |
|---|---|---|
| YTD Return | 3.96% | 27.04% |
| 1Y Return | 1.32% | 39.75% |
| 3Y Return (Ann) | 189.69% | 10.21% |
| 5Y Return (Ann) | 110.91% | 15.93% |
| 10Y Return (Ann) | 59.75% | 13.36% |
| Sharpe Ratio | 0.08 | 3.15 |
| Sortino Ratio | 0.19 | 4.19 |
| Omega Ratio | 1.02 | 1.59 |
| Calmar Ratio | 0.07 | 4.60 |
| Martin Ratio | 0.17 | 20.85 |
| Ulcer Index | 5.35% | 1.85% |
| Daily Std Dev | 11.64% | 12.29% |
| Max Drawdown | -66.67% | -55.19% |
| Current Drawdown | -7.34% | 0.00% |
Correlation
The correlation between FCSSX and SPY is 0.31, 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.
Performance
FCSSX vs. SPY - Performance Comparison
In the year-to-date period, FCSSX achieves a 3.96% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, FCSSX has outperformed SPY with an annualized return of 59.75%, while SPY has yielded a comparatively lower 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCSSX vs. SPY - Expense Ratio Comparison
FCSSX has a 0.00% expense ratio, which is lower than SPY's 0.09% 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%.
Risk-Adjusted Performance
FCSSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Commodity Strategy Fund (FCSSX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FCSSX vs. SPY - Dividend Comparison
FCSSX's dividend yield for the trailing twelve months is around 12.54%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSSX Fidelity Series Commodity Strategy Fund | 12.54% | 4.53% | 6,349.76% | 2,086.80% | 21.79% | 74.58% | 103.33% | 26.65% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FCSSX vs. SPY - Drawdown Comparison
The maximum FCSSX drawdown since its inception was -66.67%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCSSX and SPY. For additional features, visit the drawdowns tool.
Volatility
FCSSX vs. SPY - Volatility Comparison
Fidelity Series Commodity Strategy Fund (FCSSX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.79% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.