FFGAX vs. FFGCX

Last updated Jun 23, 2026

FFGAX (Fidelity Advisor Global Commodity Stock Fund Class A) and FFGCX (Fidelity Global Commodity Stock Fund) are both Commodities funds from Fidelity. Over the past 10 years, FFGAX returned 11.83%/yr vs 12.08%/yr for FFGCX. With a 1.00 correlation, they move nearly in lockstep. FFGAX charges 1.23%/yr vs 0.94%/yr for FFGCX.

Performance

FFGAX vs. FFGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Global Commodity Stock Fund Class A (FFGAX) and Fidelity Global Commodity Stock Fund (FFGCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FFGAX having a 15.43% return and FFGCX slightly higher at 15.59%. Both investments have delivered pretty close results over the past 10 years, with FFGAX having a 11.83% annualized return and FFGCX not far ahead at 12.08%.

FFGAX

• 1D: -1.85%
• 1M: -5.91%
• YTD: 15.43%
• 6M: 15.58%
• 1Y: 35.03%
• 3Y*: 15.78%
• 5Y*: 13.42%
• 10Y*: 11.83%

FFGCX

• 1D: -1.85%
• 1M: -5.89%
• YTD: 15.59%
• 6M: 15.74%
• 1Y: 35.43%
• 3Y*: 16.11%
• 5Y*: 13.72%
• 10Y*: 12.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFGAX vs. FFGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFGAX Fidelity Advisor Global Commodity Stock Fund Class A	15.43%	28.27%	2.63%	-5.35%	20.37%	25.70%	5.78%	17.54%	-13.44%	17.38%
FFGCX Fidelity Global Commodity Stock Fund	15.59%	28.66%	2.98%	-5.18%	20.69%	26.08%	6.04%	17.82%	-13.21%	17.18%

Correlation

The correlation between FFGAX and FFGCX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Mar 26, 2009	1.00

The correlation between FFGAX and FFGCX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FFGAX vs. FFGCX — Risk / Return Rank

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

FFGAX

FFGAX Risk / Return Rank: 64
FFGAX Sharpe Ratio Rank: 55
FFGAX Sortino Ratio Rank: 46
FFGAX Omega Ratio Rank: 47
FFGAX Calmar Ratio Rank: 86
FFGAX Martin Ratio Rank: 84

FFGCX

FFGCX Risk / Return Rank: 65
FFGCX Sharpe Ratio Rank: 57
FFGCX Sortino Ratio Rank: 48
FFGCX Omega Ratio Rank: 48
FFGCX Calmar Ratio Rank: 87
FFGCX Martin Ratio Rank: 85

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.

FFGAX vs. FFGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Commodity Stock Fund Class A (FFGAX) and Fidelity Global Commodity Stock Fund (FFGCX). 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.

	FFGAX	FFGCX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.04	-0.03
Sortino ratio: Return per unit of downside risk	2.64	2.68	-0.04
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	3.91	3.98	-0.06
Martin ratio: Return relative to average drawdown	14.49	14.72	-0.22

FFGAX vs. FFGCX - Sharpe Ratio Comparison

The current FFGAX Sharpe Ratio is 2.01, which is comparable to the FFGCX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of FFGAX and FFGCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFGAX vs. FFGCX - Drawdown Comparison

The maximum FFGAX drawdown since its inception was -57.71%, roughly equal to the maximum FFGCX drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for FFGAX and FFGCX.

Drawdown Indicators

	FFGAX	FFGCX	Difference
Max Drawdown Largest peak-to-trough decline	-57.71%	-57.23%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-8.73%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	-19.24%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-27.29%	-27.22%	-0.07%
Max Drawdown (10Y) Largest decline over 10 years	-48.61%	-48.43%	-0.18%
Current Drawdown Current decline from peak	-8.75%	-8.73%	-0.02%
Average Drawdown Average peak-to-trough decline	-19.78%	-19.32%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.36%	+0.01%

Volatility

FFGAX vs. FFGCX - Volatility Comparison

Fidelity Advisor Global Commodity Stock Fund Class A (FFGAX) and Fidelity Global Commodity Stock Fund (FFGCX) have volatilities of 5.36% and 5.35%, 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.

Volatility by Period

	FFGAX	FFGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	5.35%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	13.90%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.03%	17.00%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	21.39%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	22.43%	+0.03%

FFGAX vs. FFGCX - Expense Ratio Comparison

FFGAX has a 1.23% expense ratio, which is higher than FFGCX's 0.94% expense ratio.

Dividends

FFGAX vs. FFGCX - Dividend Comparison

FFGAX's dividend yield for the trailing twelve months is around 1.94%, less than FFGCX's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGAX Fidelity Advisor Global Commodity Stock Fund Class A	1.94%	2.24%	2.32%	1.79%	1.68%	3.16%	1.30%	2.84%	1.93%	0.36%	1.29%	2.51%
FFGCX Fidelity Global Commodity Stock Fund	2.19%	2.53%	2.62%	2.01%	1.84%	3.39%	1.61%	2.98%	2.22%	0.36%	1.53%	2.86%

Frequently Asked Questions

Can I hold both FFGAX and FFGCX in my portfolio?

With a correlation of 1.00, FFGAX and FFGCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FFGAX or FFGCX?

FFGAX has higher volatility (5.36%) compared to FFGCX (5.35%). In terms of maximum drawdown, FFGAX dropped -57.71% vs FFGCX's -57.23%.

Which has better risk-adjusted returns?

FFGCX currently has the higher Sharpe Ratio (2.04 vs 2.01), 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.