FCSSX vs. SWPPX
FCSSX (Fidelity Series Commodity Strategy Fund) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - FCSSX is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward Total Return Index, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, FCSSX returned 6.71%/yr vs 14.98%/yr for SWPPX. Their 0.29 correlation means their historical movements had little consistent relationship. FCSSX charges 0.00%/yr vs 0.02%/yr for SWPPX.
Performance
FCSSX vs. SWPPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCSSX achieves a 16.93% return, which is significantly higher than SWPPX's 9.35% return. Over the past 10 years, FCSSX has underperformed SWPPX with an annualized return of 6.71%, while SWPPX has yielded a comparatively higher 14.98% annualized return.
FCSSX
- 1D
- -0.24%
- 1M
- 5.42%
- 6M
- 7.51%
- YTD
- 16.93%
- 1Y
- 29.19%
- 3Y*
- 10.12%
- 5Y*
- 9.82%
- 10Y*
- 6.71%
- ALL TIME*
- 1.21%
SWPPX
- 1D
- 1.70%
- 1M
- -0.52%
- 6M
- 7.81%
- YTD
- 9.35%
- 1Y
- 20.64%
- 3Y*
- 19.02%
- 5Y*
- 12.67%
- 10Y*
- 14.98%
- ALL TIME*
- 9.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCSSX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSSX Fidelity Series Commodity Strategy Fund | 16.93% | 15.43% | 5.36% | -8.25% | 18.11% | 27.59% | -3.11% | 7.41% | -12.10% | 0.92% |
SWPPX Schwab S&P 500 Index Fund | 9.35% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Correlation
The correlation between FCSSX and SWPPX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2009 | 0.29 |
Over the past year, the correlation between FCSSX and SWPPX has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCSSX vs. SWPPX — Risk / Return Rank
FCSSX
SWPPX
FCSSX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Commodity Strategy Fund (FCSSX) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.07 | +0.19 |
| Martin ratioReturn relative to average drawdown | 7.33 | 8.85 | -1.52 |
Loading charts...
Drawdowns
FCSSX vs. SWPPX - Drawdown Comparison
The maximum FCSSX drawdown since its inception was -66.04%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for FCSSX and SWPPX.
Loading charts...
Drawdown Indicators
| FCSSX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.04% | -55.06% | -10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -8.89% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -18.74% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -24.51% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | -33.80% | +0.43% |
Current DrawdownCurrent decline from peak | -12.51% | -2.09% | -10.42% |
Average DrawdownAverage peak-to-trough decline | -35.98% | -9.90% | -26.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.07% | +1.76% |
Volatility
FCSSX vs. SWPPX - Volatility Comparison
Fidelity Series Commodity Strategy Fund (FCSSX) has a higher volatility of 4.00% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.49%. This indicates that FCSSX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCSSX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 3.49% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 10.13% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.56% | 12.89% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 17.05% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 18.23% | -3.93% |
FCSSX vs. SWPPX - Expense Ratio Comparison
FCSSX has a 0.00% expense ratio, which is lower than SWPPX's 0.02% 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%.
Dividends
FCSSX vs. SWPPX - Dividend Comparison
FCSSX's dividend yield for the trailing twelve months is around 2.30%, more than SWPPX's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSSX Fidelity Series Commodity Strategy Fund | 2.30% | 2.69% | 12.74% | 4.53% | 128.24% | 41.74% | 0.44% | 1.49% | 6.76% | 0.53% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.01% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Frequently Asked Questions
FCSSX and SWPPX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCSSX has higher volatility (4.00%) compared to SWPPX (3.49%). In terms of maximum drawdown, FCSSX dropped -66.04% vs SWPPX's -55.06%.
FCSSX currently has the higher Sharpe Ratio (1.96 vs 1.42), 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.
Find the right allocation for FCSSX and SWPPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer