FFGTX vs. PCLAX

Last updated Jun 24, 2026

FFGTX (Fidelity Advisor Global Commodity Stock Fund Class M) and PCLAX (PIMCO CommoditiesPLUS Strategy Fund) are both Commodities funds. Over the past 10 years, FFGTX returned 11.95%/yr vs 10.46%/yr for PCLAX. A 0.60 correlation means they provide meaningful diversification when combined. FFGTX charges 1.52%/yr vs 1.19%/yr for PCLAX.

Performance

FFGTX vs. PCLAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FFGTX achieves a 15.68% return, which is significantly lower than PCLAX's 24.93% return. Over the past 10 years, FFGTX has outperformed PCLAX with an annualized return of 11.95%, while PCLAX has yielded a comparatively lower 10.46% annualized return.

FFGTX

• 1D: 0.31%
• 1M: -5.62%
• YTD: 15.68%
• 6M: 15.02%
• 1Y: 35.84%
• 3Y*: 16.94%
• 5Y*: 12.36%
• 10Y*: 11.95%

PCLAX

• 1D: -0.82%
• 1M: -9.67%
• YTD: 24.93%
• 6M: 22.47%
• 1Y: 27.20%
• 3Y*: 12.72%
• 5Y*: 13.19%
• 10Y*: 10.46%

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

FFGTX vs. PCLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFGTX Fidelity Advisor Global Commodity Stock Fund Class M	15.68%	27.96%	2.37%	-5.62%	20.06%	25.38%	5.41%	17.23%	-13.73%	17.38%
PCLAX PIMCO CommoditiesPLUS Strategy Fund	24.93%	4.13%	5.76%	-0.14%	22.73%	43.18%	-9.67%	19.19%	-12.47%	10.30%

Correlation

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

Return for Risk

FFGTX vs. PCLAX — Risk / Return Rank

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

FFGTX

FFGTX Risk / Return Rank: 66
FFGTX Sharpe Ratio Rank: 59
FFGTX Sortino Ratio Rank: 49
FFGTX Omega Ratio Rank: 50
FFGTX Calmar Ratio Rank: 87
FFGTX Martin Ratio Rank: 83

PCLAX

PCLAX Risk / Return Rank: 26
PCLAX Sharpe Ratio Rank: 22
PCLAX Sortino Ratio Rank: 20
PCLAX Omega Ratio Rank: 22
PCLAX Calmar Ratio Rank: 29
PCLAX Martin Ratio Rank: 39

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.

FFGTX vs. PCLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Commodity Stock Fund Class M (FFGTX) and PIMCO CommoditiesPLUS Strategy Fund (PCLAX). 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.

	FFGTX	PCLAX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.24	+0.84
Sortino ratio: Return per unit of downside risk	2.72	1.71	+1.00
Omega ratio: Gain probability vs. loss probability	1.36	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	4.03	1.87	+2.17
Martin ratio: Return relative to average drawdown	14.49	7.92	+6.57

FFGTX vs. PCLAX - Sharpe Ratio Comparison

The current FFGTX Sharpe Ratio is 2.08, which is higher than the PCLAX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FFGTX and PCLAX, 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

FFGTX vs. PCLAX - Drawdown Comparison

The maximum FFGTX drawdown since its inception was -58.53%, smaller than the maximum PCLAX drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for FFGTX and PCLAX.

Drawdown Indicators

	FFGTX	PCLAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.53%	-68.19%	+9.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-12.90%	+4.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	-13.76%	-5.87%
Max Drawdown (5Y) Largest decline over 5 years	-27.31%	-21.75%	-5.56%
Max Drawdown (10Y) Largest decline over 10 years	-48.88%	-52.00%	+3.12%
Current Drawdown Current decline from peak	-8.47%	-12.90%	+4.43%
Average Drawdown Average peak-to-trough decline	-20.32%	-25.60%	+5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	3.45%	-1.01%

Volatility

FFGTX vs. PCLAX - Volatility Comparison

Fidelity Advisor Global Commodity Stock Fund Class M (FFGTX) has a higher volatility of 5.36% compared to PIMCO CommoditiesPLUS Strategy Fund (PCLAX) at 4.57%. This indicates that FFGTX's price experiences larger fluctuations and is considered to be riskier than PCLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFGTX	PCLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	4.57%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	13.87%	17.18%	-3.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.03%	19.53%	-2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	19.54%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	40.66%	-18.21%

FFGTX vs. PCLAX - Expense Ratio Comparison

FFGTX has a 1.52% expense ratio, which is higher than PCLAX's 1.19% expense ratio.

Dividends

FFGTX vs. PCLAX - Dividend Comparison

FFGTX's dividend yield for the trailing twelve months is around 1.74%, less than PCLAX's 11.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGTX Fidelity Advisor Global Commodity Stock Fund Class M	1.74%	2.02%	1.93%	1.47%	1.47%	2.91%	1.03%	2.51%	1.57%	0.36%	1.05%	2.07%
PCLAX PIMCO CommoditiesPLUS Strategy Fund	11.62%	1.20%	5.20%	4.58%	44.24%	75.67%	0.45%	2.07%	18.31%	12.18%	0.09%	1.77%

Frequently Asked Questions

Can I hold both FFGTX and PCLAX in my portfolio?

FFGTX and PCLAX 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, FFGTX or PCLAX?

FFGTX has higher volatility (5.36%) compared to PCLAX (4.57%). In terms of maximum drawdown, FFGTX dropped -58.53% vs PCLAX's -68.19%.

Which has better risk-adjusted returns?

FFGTX currently has the higher Sharpe Ratio (2.08 vs 1.24), 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.