FGLGX vs. FCSSX

Last updated Jun 25, 2026

FGLGX (Fidelity Series Large Cap Stock Fund) and FCSSX (Fidelity Series Commodity Strategy Fund) are both mutual funds - FGLGX is a Large Cap Blend Equities fund managed by Fidelity, while FCSSX is a Commodities fund managed by Fidelity. Over the past 10 years, FGLGX returned 16.78%/yr vs 5.71%/yr for FCSSX. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.00% expense ratio.

Performance

FGLGX vs. FCSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Large Cap Stock Fund (FGLGX) and Fidelity Series Commodity Strategy Fund (FCSSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGLGX achieves a 8.35% return, which is significantly lower than FCSSX's 11.65% return. Over the past 10 years, FGLGX has outperformed FCSSX with an annualized return of 16.78%, while FCSSX has yielded a comparatively lower 5.71% annualized return.

FGLGX

• 1D: -1.20%
• 1M: -0.55%
• YTD: 8.35%
• 6M: 7.35%
• 1Y: 26.67%
• 3Y*: 25.86%
• 5Y*: 16.71%
• 10Y*: 16.78%

FCSSX

• 1D: -1.30%
• 1M: -7.79%
• YTD: 11.65%
• 6M: 10.10%
• 1Y: 21.50%
• 3Y*: 10.36%
• 5Y*: 9.72%
• 10Y*: 5.71%

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

FGLGX vs. FCSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGLGX Fidelity Series Large Cap Stock Fund	8.35%	28.57%	27.45%	24.80%	-7.23%	26.53%	10.01%	32.37%	-8.95%	16.64%
FCSSX Fidelity Series Commodity Strategy Fund	11.65%	15.43%	5.36%	-8.25%	18.11%	27.59%	-3.11%	7.41%	-12.10%	0.92%

Correlation

The correlation between FGLGX and FCSSX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012	0.30

Over the past year, the correlation between FGLGX and FCSSX has dropped to 0.03 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Return for Risk

FGLGX vs. FCSSX — Risk / Return Rank

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

FGLGX

FGLGX Risk / Return Rank: 67
FGLGX Sharpe Ratio Rank: 67
FGLGX Sortino Ratio Rank: 63
FGLGX Omega Ratio Rank: 60
FGLGX Calmar Ratio Rank: 67
FGLGX Martin Ratio Rank: 77

FCSSX

FCSSX Risk / Return Rank: 27
FCSSX Sharpe Ratio Rank: 27
FCSSX Sortino Ratio Rank: 24
FCSSX Omega Ratio Rank: 26
FCSSX Calmar Ratio Rank: 27
FCSSX Martin Ratio Rank: 32

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.

FGLGX vs. FCSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Stock Fund (FGLGX) and Fidelity Series Commodity Strategy Fund (FCSSX). 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.

	FGLGX	FCSSX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.36	+0.83
Sortino ratio: Return per unit of downside risk	3.03	1.84	+1.19
Omega ratio: Gain probability vs. loss probability	1.39	1.24	+0.15
Calmar ratio: Return relative to maximum drawdown	2.98	1.77	+1.22
Martin ratio: Return relative to average drawdown	13.44	6.74	+6.70

FGLGX vs. FCSSX - Sharpe Ratio Comparison

The current FGLGX Sharpe Ratio is 2.19, which is higher than the FCSSX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of FGLGX and FCSSX, 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

FGLGX vs. FCSSX - Drawdown Comparison

The maximum FGLGX drawdown since its inception was -36.42%, smaller than the maximum FCSSX drawdown of -66.04%. Use the drawdown chart below to compare losses from any high point for FGLGX and FCSSX.

Drawdown Indicators

	FGLGX	FCSSX	Difference
Max Drawdown Largest peak-to-trough decline	-36.42%	-66.04%	+29.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-10.90%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-11.43%	-7.32%
Max Drawdown (5Y) Largest decline over 5 years	-21.21%	-24.07%	+2.86%
Max Drawdown (10Y) Largest decline over 10 years	-36.42%	-33.37%	-3.05%
Current Drawdown Current decline from peak	-2.13%	-16.46%	+14.33%
Average Drawdown Average peak-to-trough decline	-3.77%	-36.11%	+32.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.88%	-0.79%

Volatility

FGLGX vs. FCSSX - Volatility Comparison

Fidelity Series Large Cap Stock Fund (FGLGX) has a higher volatility of 4.51% compared to Fidelity Series Commodity Strategy Fund (FCSSX) at 3.22%. This indicates that FGLGX's price experiences larger fluctuations and is considered to be riskier than FCSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGLGX	FCSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	3.22%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	11.94%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.87%	14.32%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	15.93%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	14.32%	+4.03%

FGLGX vs. FCSSX - Expense Ratio Comparison

FGLGX has a 0.00% expense ratio, which is lower than FCSSX's 0.00% 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%.

Dividends

FGLGX vs. FCSSX - Dividend Comparison

FGLGX's dividend yield for the trailing twelve months is around 9.08%, more than FCSSX's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCSSX Fidelity Series Commodity Strategy Fund	2.41%	2.69%	12.74%	4.53%	128.24%	41.74%	0.44%	1.49%	6.76%	0.53%	0.00%	0.00%
FGLGX Fidelity Series Large Cap Stock Fund	9.08%	9.84%	7.99%	5.29%	6.55%	9.22%	5.36%	7.25%	12.29%	4.61%	1.69%	5.94%

Frequently Asked Questions

Can I hold both FGLGX and FCSSX in my portfolio?

FGLGX and FCSSX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGLGX or FCSSX?

FGLGX has higher volatility (4.51%) compared to FCSSX (3.22%). In terms of maximum drawdown, FGLGX dropped -36.42% vs FCSSX's -66.04%.

Which has better risk-adjusted returns?

FGLGX currently has the higher Sharpe Ratio (2.19 vs 1.36), 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.