FIFGX vs. PCRPX

Last updated Jun 4, 2026

FIFGX (Fidelity SAI Inflation-Focused) and PCRPX (PIMCO Commodity Real Return Strategy Fund) are both Commodities funds. Over the past 5 years, FIFGX returned 11.70%/yr vs 12.56%/yr for PCRPX. Their correlation of 0.90 suggests significant overlap in exposure. FIFGX charges 0.39%/yr vs 0.92%/yr for PCRPX.

Performance

FIFGX vs. PCRPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Inflation-Focused (FIFGX) and PIMCO Commodity Real Return Strategy Fund (PCRPX). 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 PCRPX's 26.84% return.

FIFGX

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

PCRPX

• 1D: 0.44%
• 1M: -2.51%
• YTD: 26.84%
• 6M: 23.66%
• 1Y: 39.65%
• 3Y*: 18.81%
• 5Y*: 12.56%
• 10Y*: 8.50%

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

FIFGX vs. PCRPX - 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%
PCRPX PIMCO Commodity Real Return Strategy Fund	26.84%	16.26%	10.79%	-6.20%	9.12%	33.01%	0.73%	12.24%	-2.06%

Correlation

The correlation between FIFGX and PCRPX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 21, 2018	0.90

The correlation between FIFGX and PCRPX shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIFGX vs. PCRPX — 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

PCRPX

PCRPX Risk / Return Rank: 75
PCRPX Sharpe Ratio Rank: 73
PCRPX Sortino Ratio Rank: 54
PCRPX Omega Ratio Rank: 63
PCRPX Calmar Ratio Rank: 95
PCRPX Martin Ratio Rank: 89

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. PCRPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Inflation-Focused (FIFGX) and PIMCO Commodity Real Return Strategy Fund (PCRPX). 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	PCRPX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.48	+0.07
Sortino ratio: Return per unit of downside risk	3.22	3.11	+0.11
Omega ratio: Gain probability vs. loss probability	1.44	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	7.35	5.65	+1.71
Martin ratio: Return relative to average drawdown	15.66	17.69	-2.02
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. PCRPX - Sharpe Ratio Comparison

The current FIFGX Sharpe Ratio is 2.56, which is comparable to the PCRPX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FIFGX and PCRPX, 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	PCRPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.48	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.64	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.03	+0.01

Drawdowns

FIFGX vs. PCRPX - Drawdown Comparison

The maximum FIFGX drawdown since its inception was -92.38%, which is greater than PCRPX's maximum drawdown of -72.22%. Use the drawdown chart below to compare losses from any high point for FIFGX and PCRPX.

Drawdown Indicators

	FIFGX	PCRPX	Difference
Max Drawdown Largest peak-to-trough decline	-92.38%	-72.22%	-20.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-7.13%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-90.27%	-10.32%	-79.95%
Max Drawdown (5Y) Largest decline over 5 years	-92.38%	-34.54%	-57.84%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.15%	—
Current Drawdown Current decline from peak	-4.73%	-4.18%	-0.55%
Average Drawdown Average peak-to-trough decline	-13.91%	-39.42%	+25.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.27%	+1.25%

Volatility

FIFGX vs. PCRPX - Volatility Comparison

Fidelity SAI Inflation-Focused (FIFGX) has a higher volatility of 7.22% compared to PIMCO Commodity Real Return Strategy Fund (PCRPX) at 5.26%. This indicates that FIFGX's price experiences larger fluctuations and is considered to be riskier than PCRPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIFGX	PCRPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	5.26%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	18.34%	14.12%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.78%	16.31%	+5.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	408.18%	19.71%	+388.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	334.62%	17.14%	+317.48%

FIFGX vs. PCRPX - Expense Ratio Comparison

FIFGX has a 0.39% expense ratio, which is lower than PCRPX's 0.92% expense ratio.

Dividends

FIFGX vs. PCRPX - Dividend Comparison

FIFGX's dividend yield for the trailing twelve months is around 3.74%, less than PCRPX's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PCRPX PIMCO Commodity Real Return Strategy Fund	4.01%	5.09%	8.47%	6.50%	46.40%	22.80%	1.51%	3.93%	5.85%	8.06%	0.83%	5.23%

Frequently Asked Questions

Can I hold both FIFGX and PCRPX in my portfolio?

FIFGX and PCRPX have a correlation of 0.79, 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 PCRPX?

FIFGX has higher volatility (7.22%) compared to PCRPX (5.26%). In terms of maximum drawdown, FIFGX dropped -92.38% vs PCRPX's -72.22%.

Which has better risk-adjusted returns?

FIFGX currently has the higher Sharpe Ratio (2.56 vs 2.48), 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.