FIFGX vs. DCMSX

Last updated Jun 4, 2026

FIFGX (Fidelity SAI Inflation-Focused) and DCMSX (DFA Commodity Strategy Portfolio) are both Commodities funds. Over the past 5 years, FIFGX returned 11.70%/yr vs 12.32%/yr for DCMSX. Their correlation of 0.90 suggests significant overlap in exposure. FIFGX charges 0.39%/yr vs 0.31%/yr for DCMSX.

Performance

FIFGX vs. DCMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Inflation-Focused (FIFGX) and DFA Commodity Strategy Portfolio (DCMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIFGX achieves a 45.44% return, which is significantly higher than DCMSX's 30.71% return.

FIFGX

• 1D: 0.56%
• 1M: -3.56%
• YTD: 45.44%
• 6M: 41.16%
• 1Y: 54.21%
• 3Y*: 17.52%
• 5Y*: 11.70%
• 10Y*: —

DCMSX

• 1D: 0.33%
• 1M: -2.57%
• YTD: 30.71%
• 6M: 29.48%
• 1Y: 42.92%
• 3Y*: 17.27%
• 5Y*: 12.32%
• 10Y*: 7.72%

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

FIFGX vs. DCMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIFGX Fidelity SAI Inflation-Focused	45.44%	7.44%	6.34%	-11.90%	9.30%	32.92%	1.48%	9.32%	-2.00%
DCMSX DFA Commodity Strategy Portfolio	30.71%	15.15%	5.90%	-9.14%	11.36%	33.54%	-1.78%	7.96%	-2.43%

Correlation

The correlation between FIFGX and DCMSX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 21, 2018	0.90

The correlation between FIFGX and DCMSX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

Return for Risk

FIFGX vs. DCMSX — Risk / Return Rank

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

FIFGX

FIFGX Risk / Return Rank: 76
FIFGX Sharpe Ratio Rank: 78
FIFGX Sortino Ratio Rank: 59
FIFGX Omega Ratio Rank: 61
FIFGX Calmar Ratio Rank: 97
FIFGX Martin Ratio Rank: 83

DCMSX

DCMSX Risk / Return Rank: 81
DCMSX Sharpe Ratio Rank: 84
DCMSX Sortino Ratio Rank: 67
DCMSX Omega Ratio Rank: 73
DCMSX Calmar Ratio Rank: 96
DCMSX Martin Ratio Rank: 86

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.

FIFGX vs. DCMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Inflation-Focused (FIFGX) and DFA Commodity Strategy Portfolio (DCMSX). 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.

	FIFGX	DCMSX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.71	-0.16
Sortino ratio: Return per unit of downside risk	3.22	3.42	-0.19
Omega ratio: Gain probability vs. loss probability	1.44	1.48	-0.04
Calmar ratio: Return relative to maximum drawdown	7.35	6.10	+1.26
Martin ratio: Return relative to average drawdown	15.66	16.43	-0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIFGX vs. DCMSX - Sharpe Ratio Comparison

The current FIFGX Sharpe Ratio is 2.56, which is comparable to the DCMSX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of FIFGX and DCMSX, 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

	FIFGX	DCMSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.71	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.76	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.11	-0.08

Drawdowns

FIFGX vs. DCMSX - Drawdown Comparison

The maximum FIFGX drawdown since its inception was -92.38%, which is greater than DCMSX's maximum drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for FIFGX and DCMSX.

Drawdown Indicators

	FIFGX	DCMSX	Difference
Max Drawdown Largest peak-to-trough decline	-92.38%	-60.94%	-31.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-7.21%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-90.27%	-11.10%	-79.17%
Max Drawdown (5Y) Largest decline over 5 years	-92.38%	-27.93%	-64.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.52%	—
Current Drawdown Current decline from peak	-4.73%	-3.81%	-0.92%
Average Drawdown Average peak-to-trough decline	-13.91%	-31.79%	+17.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.66%	+0.86%

Volatility

FIFGX vs. DCMSX - Volatility Comparison

Fidelity SAI Inflation-Focused (FIFGX) has a higher volatility of 7.22% compared to DFA Commodity Strategy Portfolio (DCMSX) at 5.53%. This indicates that FIFGX's price experiences larger fluctuations and is considered to be riskier than DCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIFGX	DCMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	5.53%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	18.34%	14.09%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	21.78%	16.32%	+5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	408.18%	16.31%	+391.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	334.62%	14.48%	+320.14%

FIFGX vs. DCMSX - Expense Ratio Comparison

FIFGX has a 0.39% expense ratio, which is higher than DCMSX's 0.31% expense ratio.

Dividends

FIFGX vs. DCMSX - Dividend Comparison

FIFGX's dividend yield for the trailing twelve months is around 3.74%, less than DCMSX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCMSX DFA Commodity Strategy Portfolio	8.06%	10.75%	2.83%	2.52%	7.46%	49.44%	0.37%	1.51%	1.63%	3.09%	0.47%	0.15%
FIFGX Fidelity SAI Inflation-Focused	3.74%	5.44%	4.73%	2.43%	12.64%	35.77%	3.10%	1.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIFGX and DCMSX in my portfolio?

FIFGX and DCMSX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIFGX or DCMSX?

FIFGX has higher volatility (7.22%) compared to DCMSX (5.53%). In terms of maximum drawdown, FIFGX dropped -92.38% vs DCMSX's -60.94%.

Which has better risk-adjusted returns?

DCMSX currently has the higher Sharpe Ratio (2.71 vs 2.56), 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.