FIFGX vs. RYMEX

Last updated Jun 4, 2026

FIFGX (Fidelity SAI Inflation-Focused) and RYMEX (Rydex Commodities Strategy Fund) are both Commodities funds. Over the past 5 years, FIFGX returned 11.70%/yr vs 15.03%/yr for RYMEX. Their correlation of 0.87 suggests significant overlap in exposure. FIFGX charges 0.39%/yr vs 1.60%/yr for RYMEX.

Performance

FIFGX vs. RYMEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Inflation-Focused (FIFGX) and Rydex Commodities Strategy Fund (RYMEX). 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 RYMEX's 40.27% return.

FIFGX

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

RYMEX

• 1D: 0.66%
• 1M: -5.89%
• YTD: 40.27%
• 6M: 38.90%
• 1Y: 48.61%
• 3Y*: 18.12%
• 5Y*: 15.03%
• 10Y*: 7.41%

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

FIFGX vs. RYMEX - 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%
RYMEX Rydex Commodities Strategy Fund	40.27%	4.70%	8.24%	-6.14%	23.72%	39.03%	-22.99%	15.48%	-1.90%

Correlation

The correlation between FIFGX and RYMEX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
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	0.87

The correlation between FIFGX and RYMEX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

Return for Risk

FIFGX vs. RYMEX — 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

RYMEX

RYMEX Risk / Return Rank: 59
RYMEX Sharpe Ratio Rank: 50
RYMEX Sortino Ratio Rank: 40
RYMEX Omega Ratio Rank: 47
RYMEX Calmar Ratio Rank: 93
RYMEX Martin Ratio Rank: 67

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. RYMEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Inflation-Focused (FIFGX) and Rydex Commodities Strategy Fund (RYMEX). 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	RYMEX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.07	+0.49
Sortino ratio: Return per unit of downside risk	3.22	2.66	+0.56
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	7.35	5.12	+2.24
Martin ratio: Return relative to average drawdown	15.66	13.09	+2.57
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. RYMEX - Sharpe Ratio Comparison

The current FIFGX Sharpe Ratio is 2.56, which is comparable to the RYMEX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of FIFGX and RYMEX, 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	RYMEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.07	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.66	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.13	+0.17

Drawdowns

FIFGX vs. RYMEX - Drawdown Comparison

The maximum FIFGX drawdown since its inception was -92.38%, roughly equal to the maximum RYMEX drawdown of -91.81%. Use the drawdown chart below to compare losses from any high point for FIFGX and RYMEX.

Drawdown Indicators

	FIFGX	RYMEX	Difference
Max Drawdown Largest peak-to-trough decline	-92.38%	-91.81%	-0.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-9.64%	+2.12%
Max Drawdown (3Y) Largest decline over 3 years	-90.27%	-14.91%	-75.36%
Max Drawdown (5Y) Largest decline over 5 years	-92.38%	-30.45%	-61.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.20%	—
Current Drawdown Current decline from peak	-4.73%	-65.73%	+61.00%
Average Drawdown Average peak-to-trough decline	-13.91%	-66.07%	+52.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	3.76%	-0.24%

Volatility

FIFGX vs. RYMEX - Volatility Comparison

The current volatility for Fidelity SAI Inflation-Focused (FIFGX) is 7.22%, while Rydex Commodities Strategy Fund (RYMEX) has a volatility of 8.20%. This indicates that FIFGX experiences smaller price fluctuations and is considered to be less risky than RYMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIFGX	RYMEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	8.20%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	18.34%	21.39%	-3.05%
Volatility (1Y) Calculated over the trailing 1-year period	21.78%	23.94%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	408.18%	22.82%	+385.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	334.62%	22.32%	+312.30%

FIFGX vs. RYMEX - Expense Ratio Comparison

FIFGX has a 0.39% expense ratio, which is lower than RYMEX's 1.60% expense ratio.

Dividends

FIFGX vs. RYMEX - Dividend Comparison

FIFGX's dividend yield for the trailing twelve months is around 3.74%, more than RYMEX's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
RYMEX Rydex Commodities Strategy Fund	1.70%	2.38%	0.00%	4.98%	17.15%	2.97%	109.50%	0.74%	44.23%	1.49%

Frequently Asked Questions

Can I hold both FIFGX and RYMEX in my portfolio?

With a correlation of 0.95, FIFGX and RYMEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIFGX or RYMEX?

RYMEX has higher volatility (8.20%) compared to FIFGX (7.22%). In terms of maximum drawdown, FIFGX dropped -92.38% vs RYMEX's -91.81%.

Which has better risk-adjusted returns?

FIFGX currently has the higher Sharpe Ratio (2.56 vs 2.07), 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.