FIFGX vs. FIQRX

Last updated Jul 14, 2026

FIFGX (Fidelity SAI Inflation-Focused) and FIQRX (Fidelity Advisor Global Commodity Stock Fund Class Z) are both Commodities funds from Fidelity. Over the past 5 years, FIFGX returned 73.91%/yr vs 12.81%/yr for FIQRX. A 0.58 correlation means they provide meaningful diversification when combined. FIFGX charges 0.39%/yr vs 0.80%/yr for FIQRX.

Performance

FIFGX vs. FIQRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Inflation-Focused (FIFGX) and Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIFGX achieves a 33.90% return, which is significantly higher than FIQRX's 15.05% return.

FIFGX

• 1D: -0.14%
• 1M: -2.53%
• 6M: 29.05%
• YTD: 33.90%
• 1Y: 34.83%
• 3Y*: 144.22%
• 5Y*: 73.91%
• 10Y*: —

FIQRX

• 1D: 1.02%
• 1M: -4.97%
• 6M: 9.26%
• YTD: 15.05%
• 1Y: 31.71%
• 3Y*: 15.86%
• 5Y*: 12.81%
• 10Y*: —

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

FIFGX vs. FIQRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIFGX Fidelity SAI Inflation-Focused	33.90%	7.44%	6.34%	781.04%	9.30%	32.92%	1.48%	9.32%	-2.00%
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	15.05%	28.74%	3.10%	-5.03%	20.90%	26.24%	6.27%	18.10%	0.54%

Correlation

The correlation between FIFGX and FIQRX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 20, 2018	0.58

The correlation between FIFGX and FIQRX shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FIFGX vs. FIQRX — Risk / Return Rank

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

FIFGX

FIFGX Risk / Return Rank: 54
FIFGX Sharpe Ratio Rank: 61
FIFGX Sortino Ratio Rank: 55
FIFGX Omega Ratio Rank: 51
FIFGX Calmar Ratio Rank: 54
FIFGX Martin Ratio Rank: 47

FIQRX

FIQRX Risk / Return Rank: 66
FIQRX Sharpe Ratio Rank: 73
FIQRX Sortino Ratio Rank: 62
FIQRX Omega Ratio Rank: 62
FIQRX Calmar Ratio Rank: 71
FIQRX Martin Ratio Rank: 61

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. FIQRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Inflation-Focused (FIFGX) and Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX). 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.

	FIFGX	FIQRX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.89	-0.16
Sortino ratio: Return per unit of downside risk	2.37	2.47	-0.10
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	2.27	2.61	-0.35
Martin ratio: Return relative to average drawdown	7.93	9.34	-1.41

FIFGX vs. FIQRX - Sharpe Ratio Comparison

The current FIFGX Sharpe Ratio is 1.74, which is comparable to the FIQRX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FIFGX and FIQRX, 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

FIFGX vs. FIQRX - Drawdown Comparison

The maximum FIFGX drawdown since its inception was -29.47%, smaller than the maximum FIQRX drawdown of -45.62%. Use the drawdown chart below to compare losses from any high point for FIFGX and FIQRX.

Drawdown Indicators

	FIFGX	FIQRX	Difference
Max Drawdown Largest peak-to-trough decline	-29.47%	-45.62%	+16.15%
Max Drawdown (1Y) Largest decline over 1 year	-16.42%	-12.27%	-4.15%
Max Drawdown (3Y) Largest decline over 3 years	-16.42%	-19.20%	+2.78%
Max Drawdown (5Y) Largest decline over 5 years	-29.47%	-27.18%	-2.29%
Current Drawdown Current decline from peak	-12.29%	-9.17%	-3.12%
Average Drawdown Average peak-to-trough decline	-7.73%	-9.38%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	3.42%	+1.26%

Volatility

FIFGX vs. FIQRX - Volatility Comparison

Fidelity SAI Inflation-Focused (FIFGX) has a higher volatility of 5.58% compared to Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX) at 4.87%. This indicates that FIFGX's price experiences larger fluctuations and is considered to be riskier than FIQRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIFGX	FIQRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	4.87%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	18.74%	13.95%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	21.42%	16.92%	+4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	406.15%	21.37%	+384.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	330.59%	24.17%	+306.42%

FIFGX vs. FIQRX - Expense Ratio Comparison

FIFGX has a 0.39% expense ratio, which is lower than FIQRX's 0.80% expense ratio.

Dividends

FIFGX vs. FIQRX - Dividend Comparison

FIFGX's dividend yield for the trailing twelve months is around 4.06%, more than FIQRX's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIFGX Fidelity SAI Inflation-Focused	4.06%	5.44%	4.73%	1.54%	12.64%	35.77%	3.10%	1.59%	0.00%
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	2.24%	2.58%	2.74%	2.28%	1.99%	3.55%	1.66%	3.34%	2.58%

Frequently Asked Questions

Can I hold both FIFGX and FIQRX in my portfolio?

FIFGX and FIQRX have a correlation of 0.48, 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 FIQRX?

FIFGX has higher volatility (5.58%) compared to FIQRX (4.87%). In terms of maximum drawdown, FIFGX dropped -29.47% vs FIQRX's -45.62%.

Which has better risk-adjusted returns?

FIQRX currently has the higher Sharpe Ratio (1.89 vs 1.74), 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.