FFGCX vs. BCSKX

Last updated Jun 4, 2026

FFGCX (Fidelity Global Commodity Stock Fund) and BCSKX (BlackRock Commodity Strategies Fund Class K) are both Commodities funds. Over the past 5 years, FFGCX returned 13.70%/yr vs 12.16%/yr for BCSKX. Their correlation of 0.82 suggests significant overlap in exposure. FFGCX charges 0.94%/yr vs 0.67%/yr for BCSKX.

Performance

FFGCX vs. BCSKX - Performance Comparison

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

Returns By Period

In the year-to-date period, FFGCX achieves a 24.64% return, which is significantly higher than BCSKX's 20.95% return.

FFGCX

• 1D: 1.30%
• 1M: 0.79%
• YTD: 24.64%
• 6M: 27.09%
• 1Y: 52.31%
• 3Y*: 20.10%
• 5Y*: 13.70%
• 10Y*: 13.04%

BCSKX

• 1D: 0.89%
• 1M: -1.49%
• YTD: 20.95%
• 6M: 23.08%
• 1Y: 40.34%
• 3Y*: 18.24%
• 5Y*: 12.16%
• 10Y*: —

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

FFGCX vs. BCSKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FFGCX Fidelity Global Commodity Stock Fund	24.64%	28.66%	2.98%	-5.18%	20.69%	26.08%	6.04%	17.82%	-18.65%
BCSKX BlackRock Commodity Strategies Fund Class K	20.95%	28.88%	4.44%	-4.27%	11.95%	22.49%	6.84%	3.89%	2.06%

Correlation

The correlation between FFGCX and BCSKX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 30, 2018	0.82

The correlation between FFGCX and BCSKX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

FFGCX vs. BCSKX — Risk / Return Rank

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

FFGCX

FFGCX Risk / Return Rank: 91
FFGCX Sharpe Ratio Rank: 93
FFGCX Sortino Ratio Rank: 86
FFGCX Omega Ratio Rank: 82
FFGCX Calmar Ratio Rank: 97
FFGCX Martin Ratio Rank: 97

BCSKX

BCSKX Risk / Return Rank: 85
BCSKX Sharpe Ratio Rank: 87
BCSKX Sortino Ratio Rank: 72
BCSKX Omega Ratio Rank: 74
BCSKX Calmar Ratio Rank: 96
BCSKX Martin Ratio Rank: 96

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.

FFGCX vs. BCSKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Commodity Stock Fund (FFGCX) and BlackRock Commodity Strategies Fund Class K (BCSKX). 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.

	FFGCX	BCSKX	Difference
Sharpe ratio Return per unit of total volatility	3.21	2.82	+0.39
Sortino ratio Return per unit of downside risk	4.04	3.53	+0.51
Omega ratio Gain probability vs. loss probability	1.54	1.48	+0.06
Calmar ratio Return relative to maximum drawdown	7.09	6.49	+0.60
Martin ratio Return relative to average drawdown	25.64	23.65	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFGCX vs. BCSKX - Sharpe Ratio Comparison

The current FFGCX Sharpe Ratio is 3.21, which is comparable to the BCSKX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of FFGCX and BCSKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFGCX	BCSKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	2.82	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.77	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.75	-0.40

Drawdowns

FFGCX vs. BCSKX - Drawdown Comparison

The maximum FFGCX drawdown since its inception was -57.23%, which is greater than BCSKX's maximum drawdown of -30.34%. Use the drawdown chart below to compare losses from any high point for FFGCX and BCSKX.

Drawdown Indicators

	FFGCX	BCSKX	Difference
Max Drawdown Largest peak-to-trough decline	-57.23%	-30.34%	-26.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.38%	-6.27%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-19.24%	-10.51%	-8.73%
Max Drawdown (5Y) Largest decline over 5 years	-27.22%	-22.34%	-4.88%
Max Drawdown (10Y) Largest decline over 10 years	-48.43%	—	—
Current Drawdown Current decline from peak	-1.58%	-2.26%	+0.68%
Average Drawdown Average peak-to-trough decline	-19.37%	-6.56%	-12.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.72%	+0.32%

Volatility

FFGCX vs. BCSKX - Volatility Comparison

Fidelity Global Commodity Stock Fund (FFGCX) and BlackRock Commodity Strategies Fund Class K (BCSKX) have volatilities of 4.35% and 4.37%, 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

	FFGCX	BCSKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.37%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	13.28%	11.91%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.34%	14.58%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.37%	15.78%	+5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.43%	15.04%	+7.39%

FFGCX vs. BCSKX - Expense Ratio Comparison

FFGCX has a 0.94% expense ratio, which is higher than BCSKX's 0.67% expense ratio.

Dividends

FFGCX vs. BCSKX - Dividend Comparison

FFGCX's dividend yield for the trailing twelve months is around 2.03%, less than BCSKX's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCSKX BlackRock Commodity Strategies Fund Class K	2.59%	3.13%	3.66%	9.45%	9.11%	2.72%	0.84%	2.08%	2.02%	0.00%	0.00%	0.00%
FFGCX Fidelity Global Commodity Stock Fund	2.03%	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 FFGCX and BCSKX in my portfolio?

FFGCX and BCSKX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFGCX or BCSKX?

BCSKX has higher volatility (4.37%) compared to FFGCX (4.35%). In terms of maximum drawdown, FFGCX dropped -57.23% vs BCSKX's -30.34%.

Which has better risk-adjusted returns?

FFGCX currently has the higher Sharpe Ratio (3.21 vs 2.82), 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.