FCSSX vs. SWPPX
Compare and contrast key facts about Fidelity Series Commodity Strategy Fund (FCSSX) and Schwab S&P 500 Index Fund (SWPPX).
FCSSX is managed by Fidelity. It was launched on Sep 30, 2009. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
FCSSX vs. SWPPX - Performance Comparison
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FCSSX vs. SWPPX - 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% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, FCSSX achieves a 16.55% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, FCSSX has underperformed SWPPX with an annualized return of -1.11%, while SWPPX has yielded a comparatively higher 13.71% 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%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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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%.
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.
| FCSSX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.84 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.30 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.20 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.06 | +1.63 |
Martin ratioReturn relative to average drawdown | 7.54 | 5.14 | +2.40 |
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 | SWPPX | Difference | |
|---|---|---|---|
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 | 0.68 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | 0.76 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.48 | -0.67 |
Correlation
The correlation between FCSSX and SWPPX is 0.29, 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. SWPPX - Dividend Comparison
FCSSX's dividend yield for the trailing twelve months is around 2.31%, more than SWPPX's 1.19% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
FCSSX vs. SWPPX - Drawdown Comparison
The maximum FCSSX drawdown since its inception was -73.85%, 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.
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Drawdown Indicators
| FCSSX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -55.06% | -18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -12.10% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -66.47% | -24.51% | -41.96% |
Max Drawdown (10Y)Largest decline over 10 years | -66.47% | -33.80% | -32.67% |
Current DrawdownCurrent decline from peak | -61.50% | -8.89% | -52.61% |
Average DrawdownAverage peak-to-trough decline | -44.50% | -10.00% | -34.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 2.49% | +0.79% |
Volatility
FCSSX vs. SWPPX - Volatility Comparison
Fidelity Series Commodity Strategy Fund (FCSSX) has a higher volatility of 5.41% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.29%. 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.
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Volatility by Period
| FCSSX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 4.29% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 9.11% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 18.14% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.81% | 16.89% | +11.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 18.19% | +4.03% |