FFGCX vs. PCLIX

Last updated Jun 24, 2026

FFGCX (Fidelity Global Commodity Stock Fund) and PCLIX (PIMCO CommoditiesPLUS Strategy Fund) are both Commodities funds. Over the past 10 years, FFGCX returned 12.49%/yr vs 11.35%/yr for PCLIX. A 0.60 correlation means they provide meaningful diversification when combined. FFGCX charges 0.94%/yr vs 0.98%/yr for PCLIX.

Performance

FFGCX vs. PCLIX - Performance Comparison

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

Returns By Period

In the year-to-date period, FFGCX achieves a 15.94% return, which is significantly lower than PCLIX's 25.15% return. Over the past 10 years, FFGCX has outperformed PCLIX with an annualized return of 12.49%, while PCLIX has yielded a comparatively lower 11.35% annualized return.

FFGCX

• 1D: 0.31%
• 1M: -5.60%
• YTD: 15.94%
• 6M: 15.33%
• 1Y: 36.54%
• 3Y*: 17.56%
• 5Y*: 12.96%
• 10Y*: 12.49%

PCLIX

• 1D: -0.76%
• 1M: -9.68%
• YTD: 25.15%
• 6M: 22.65%
• 1Y: 27.62%
• 3Y*: 14.59%
• 5Y*: 14.52%
• 10Y*: 11.35%

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

FFGCX vs. PCLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFGCX Fidelity Global Commodity Stock Fund	15.94%	28.66%	2.98%	-5.18%	20.69%	26.08%	6.04%	17.82%	-13.21%	17.18%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	25.15%	5.76%	8.53%	0.69%	23.32%	43.83%	-9.18%	19.37%	-12.02%	10.86%

Correlation

The correlation between FFGCX and PCLIX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010	0.60

The correlation between FFGCX and PCLIX has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.

Return for Risk

FFGCX vs. PCLIX — Risk / Return Rank

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

FFGCX

FFGCX Risk / Return Rank: 68
FFGCX Sharpe Ratio Rank: 62
FFGCX Sortino Ratio Rank: 51
FFGCX Omega Ratio Rank: 52
FFGCX Calmar Ratio Rank: 88
FFGCX Martin Ratio Rank: 85

PCLIX

PCLIX Risk / Return Rank: 27
PCLIX Sharpe Ratio Rank: 23
PCLIX Sortino Ratio Rank: 20
PCLIX Omega Ratio Rank: 23
PCLIX Calmar Ratio Rank: 30
PCLIX Martin Ratio Rank: 40

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. PCLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Commodity Stock Fund (FFGCX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). 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.

	FFGCX	PCLIX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.27	+0.86
Sortino ratio: Return per unit of downside risk	2.77	1.75	+1.01
Omega ratio: Gain probability vs. loss probability	1.36	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	4.13	1.93	+2.20
Martin ratio: Return relative to average drawdown	14.91	8.19	+6.73

FFGCX vs. PCLIX - Sharpe Ratio Comparison

The current FFGCX Sharpe Ratio is 2.12, which is higher than the PCLIX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of FFGCX and PCLIX, 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

FFGCX vs. PCLIX - Drawdown Comparison

The maximum FFGCX drawdown since its inception was -57.23%, smaller than the maximum PCLIX drawdown of -66.60%. Use the drawdown chart below to compare losses from any high point for FFGCX and PCLIX.

Drawdown Indicators

	FFGCX	PCLIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.23%	-66.60%	+9.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-12.82%	+4.09%
Max Drawdown (3Y) Largest decline over 3 years	-19.24%	-12.82%	-6.42%
Max Drawdown (5Y) Largest decline over 5 years	-27.22%	-21.59%	-5.63%
Max Drawdown (10Y) Largest decline over 10 years	-48.43%	-51.78%	+3.35%
Current Drawdown Current decline from peak	-8.45%	-12.82%	+4.37%
Average Drawdown Average peak-to-trough decline	-19.32%	-24.09%	+4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	3.42%	-1.01%

Volatility

FFGCX vs. PCLIX - Volatility Comparison

Fidelity Global Commodity Stock Fund (FFGCX) has a higher volatility of 5.37% compared to PIMCO CommoditiesPLUS Strategy Fund (PCLIX) at 4.65%. This indicates that FFGCX's price experiences larger fluctuations and is considered to be riskier than PCLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFGCX	PCLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	4.65%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	17.22%	-3.36%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	19.55%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.37%	19.42%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	40.55%	-18.11%

FFGCX vs. PCLIX - Expense Ratio Comparison

FFGCX has a 0.94% expense ratio, which is lower than PCLIX's 0.98% expense ratio.

Dividends

FFGCX vs. PCLIX - Dividend Comparison

FFGCX's dividend yield for the trailing twelve months is around 2.18%, less than PCLIX's 11.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGCX Fidelity Global Commodity Stock Fund	2.18%	2.53%	2.62%	2.01%	1.84%	3.39%	1.61%	2.98%	2.22%	0.36%	1.53%	2.86%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	11.13%	2.45%	7.50%	5.06%	42.60%	73.41%	0.77%	2.46%	18.58%	12.63%	0.16%	2.22%

Frequently Asked Questions

Can I hold both FFGCX and PCLIX in my portfolio?

FFGCX and PCLIX have a correlation of 0.50, 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 PCLIX?

FFGCX has higher volatility (5.37%) compared to PCLIX (4.65%). In terms of maximum drawdown, FFGCX dropped -57.23% vs PCLIX's -66.60%.

Which has better risk-adjusted returns?

FFGCX currently has the higher Sharpe Ratio (2.12 vs 1.27), 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.