FIQRX vs. FCGCX

Last updated Jun 24, 2026

FIQRX (Fidelity Advisor Global Commodity Stock Fund Class Z) and FCGCX (Fidelity Advisor Global Commodity Stock Fund Class C) are both Commodities funds from Fidelity. Over the past 5 years, FIQRX returned 13.10%/yr vs 11.83%/yr for FCGCX. With a 1.00 correlation, they move nearly in lockstep. FIQRX charges 0.80%/yr vs 1.97%/yr for FCGCX.

Performance

FIQRX vs. FCGCX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FIQRX having a 15.98% return and FCGCX slightly lower at 15.41%.

FIQRX

• 1D: 0.31%
• 1M: -5.58%
• YTD: 15.98%
• 6M: 15.37%
• 1Y: 36.65%
• 3Y*: 17.69%
• 5Y*: 13.10%
• 10Y*: —

FCGCX

• 1D: 0.31%
• 1M: -5.64%
• YTD: 15.41%
• 6M: 14.75%
• 1Y: 35.13%
• 3Y*: 16.37%
• 5Y*: 11.83%
• 10Y*: 11.48%

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

FIQRX vs. FCGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	15.98%	28.74%	3.10%	-5.03%	20.90%	26.24%	6.27%	18.10%	-13.01%
FCGCX Fidelity Advisor Global Commodity Stock Fund Class C	15.41%	27.29%	1.90%	-6.06%	19.45%	24.85%	4.96%	16.74%	-13.94%

Correlation

The correlation between FIQRX and FCGCX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	1.00

The correlation between FIQRX and FCGCX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FIQRX vs. FCGCX — Risk / Return Rank

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

FIQRX

FIQRX Risk / Return Rank: 68
FIQRX Sharpe Ratio Rank: 62
FIQRX Sortino Ratio Rank: 51
FIQRX Omega Ratio Rank: 52
FIQRX Calmar Ratio Rank: 88
FIQRX Martin Ratio Rank: 86

FCGCX

FCGCX Risk / Return Rank: 64
FCGCX Sharpe Ratio Rank: 56
FCGCX Sortino Ratio Rank: 47
FCGCX Omega Ratio Rank: 48
FCGCX Calmar Ratio Rank: 86
FCGCX Martin Ratio Rank: 81

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.

FIQRX vs. FCGCX - Risk-Adjusted Trends Comparison

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

	FIQRX	FCGCX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.04	+0.09
Sortino ratio: Return per unit of downside risk	2.77	2.67	+0.10
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	4.14	3.94	+0.20
Martin ratio: Return relative to average drawdown	14.97	14.12	+0.85

FIQRX vs. FCGCX - Sharpe Ratio Comparison

The current FIQRX Sharpe Ratio is 2.13, which is comparable to the FCGCX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of FIQRX and FCGCX, 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

FIQRX vs. FCGCX - Drawdown Comparison

The maximum FIQRX drawdown since its inception was -45.62%, smaller than the maximum FCGCX drawdown of -59.67%. Use the drawdown chart below to compare losses from any high point for FIQRX and FCGCX.

Drawdown Indicators

	FIQRX	FCGCX	Difference
Max Drawdown Largest peak-to-trough decline	-45.62%	-59.67%	+14.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.72%	-8.79%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.20%	-19.96%	+0.76%
Max Drawdown (5Y) Largest decline over 5 years	-27.18%	-27.43%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.31%	—
Current Drawdown Current decline from peak	-8.44%	-8.51%	+0.07%
Average Drawdown Average peak-to-trough decline	-9.38%	-21.16%	+11.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.45%	-0.04%

Volatility

FIQRX vs. FCGCX - Volatility Comparison

Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX) and Fidelity Advisor Global Commodity Stock Fund Class C (FCGCX) have volatilities of 5.35% and 5.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIQRX	FCGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	5.38%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	13.88%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	17.03%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	21.39%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.21%	22.44%	+1.77%

FIQRX vs. FCGCX - Expense Ratio Comparison

FIQRX has a 0.80% expense ratio, which is lower than FCGCX's 1.97% expense ratio.

Dividends

FIQRX vs. FCGCX - Dividend Comparison

FIQRX's dividend yield for the trailing twelve months is around 2.22%, more than FCGCX's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCGCX Fidelity Advisor Global Commodity Stock Fund Class C	1.28%	1.48%	1.38%	0.80%	1.09%	2.41%	0.59%	1.94%	1.11%	0.36%	0.71%	1.49%
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	2.22%	2.58%	2.74%	2.28%	1.99%	3.55%	1.66%	3.34%	2.58%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIQRX and FCGCX in my portfolio?

With a correlation of 1.00, FIQRX and FCGCX 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, FIQRX or FCGCX?

FCGCX has higher volatility (5.38%) compared to FIQRX (5.35%). In terms of maximum drawdown, FIQRX dropped -45.62% vs FCGCX's -59.67%.

Which has better risk-adjusted returns?

FIQRX currently has the higher Sharpe Ratio (2.13 vs 2.04), 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.