FQEMX vs. CCRSX

Last updated Jul 15, 2026

FQEMX (Franklin Templeton SMACS: Series EM) and CCRSX (Credit Suisse Trust Commodity Return Strategy Portfolio) are both mutual funds - FQEMX is a Emerging Markets Diversified fund managed by Franklin Templeton, while CCRSX is a Commodities fund managed by Credit Suisse. Over the past 3 years, FQEMX returned 38.45%/yr vs 11.95%/yr for CCRSX. At a 0.22 correlation, their price movements are largely independent. FQEMX charges 0.00%/yr vs 1.05%/yr for CCRSX.

Performance

FQEMX vs. CCRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Templeton SMACS: Series EM (FQEMX) and Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FQEMX achieves a 58.63% return, which is significantly higher than CCRSX's 20.29% return.

FQEMX

• 1D: -6.15%
• 1M: -9.49%
• 6M: 47.47%
• YTD: 58.63%
• 1Y: 100.09%
• 3Y*: 38.45%
• 5Y*: —
• 10Y*: —

CCRSX

• 1D: 1.76%
• 1M: -0.09%
• 6M: 15.25%
• YTD: 20.29%
• 1Y: 28.97%
• 3Y*: 11.95%
• 5Y*: 57.57%
• 10Y*: 26.10%

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

FQEMX vs. CCRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FQEMX Franklin Templeton SMACS: Series EM	58.63%	55.98%	6.67%	12.18%	-20.68%	0.32%
CCRSX Credit Suisse Trust Commodity Return Strategy Portfolio	20.29%	15.37%	4.86%	-8.88%	15.71%	-3.64%

Correlation

The correlation between FQEMX and CCRSX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.22

The correlation between FQEMX and CCRSX shifts across timeframes, from 0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FQEMX vs. CCRSX — Risk / Return Rank

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

FQEMX

FQEMX Risk / Return Rank: 92
FQEMX Sharpe Ratio Rank: 97
FQEMX Sortino Ratio Rank: 83
FQEMX Omega Ratio Rank: 89
FQEMX Calmar Ratio Rank: 97
FQEMX Martin Ratio Rank: 96

CCRSX

CCRSX Risk / Return Rank: 52
CCRSX Sharpe Ratio Rank: 63
CCRSX Sortino Ratio Rank: 53
CCRSX Omega Ratio Rank: 58
CCRSX Calmar Ratio Rank: 44
CCRSX Martin Ratio Rank: 41

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.

FQEMX vs. CCRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series EM (FQEMX) and Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX). 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.

	FQEMX	CCRSX	Difference
Sharpe ratio: Return per unit of total volatility	2.93	1.75	+1.18
Sortino ratio: Return per unit of downside risk	3.09	2.29	+0.80
Omega ratio: Gain probability vs. loss probability	1.52	1.31	+0.21
Calmar ratio: Return relative to maximum drawdown	5.51	2.04	+3.48
Martin ratio: Return relative to average drawdown	17.99	6.94	+11.06

FQEMX vs. CCRSX - Sharpe Ratio Comparison

The current FQEMX Sharpe Ratio is 2.93, which is higher than the CCRSX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FQEMX and CCRSX, 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

FQEMX vs. CCRSX - Drawdown Comparison

The maximum FQEMX drawdown since its inception was -34.46%, smaller than the maximum CCRSX drawdown of -78.02%. Use the drawdown chart below to compare losses from any high point for FQEMX and CCRSX.

Drawdown Indicators

	FQEMX	CCRSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.46%	-78.02%	+43.56%
Max Drawdown (1Y) Largest decline over 1 year	-18.93%	-14.30%	-4.63%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-14.30%	-4.63%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.73%	—
Current Drawdown Current decline from peak	-17.64%	-9.35%	-8.29%
Average Drawdown Average peak-to-trough decline	-10.72%	-41.16%	+30.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	4.19%	+1.55%

Volatility

FQEMX vs. CCRSX - Volatility Comparison

Franklin Templeton SMACS: Series EM (FQEMX) has a higher volatility of 19.29% compared to Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) at 4.61%. This indicates that FQEMX's price experiences larger fluctuations and is considered to be riskier than CCRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FQEMX	CCRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.29%	4.61%	+14.68%
Volatility (6M) Calculated over the trailing 6-month period	33.35%	14.33%	+19.02%
Volatility (1Y) Calculated over the trailing 1-year period	35.67%	16.71%	+18.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.28%	222.80%	-199.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.28%	157.72%	-134.44%

FQEMX vs. CCRSX - Expense Ratio Comparison

FQEMX has a 0.00% expense ratio, which is lower than CCRSX's 1.05% expense ratio.

Dividends

FQEMX vs. CCRSX - Dividend Comparison

FQEMX's dividend yield for the trailing twelve months is around 2.01%, less than CCRSX's 11.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CCRSX Credit Suisse Trust Commodity Return Strategy Portfolio	11.53%	3.98%	2.95%	26.59%	18.97%	4.82%	5.51%	0.86%	2.91%
FQEMX Franklin Templeton SMACS: Series EM	2.01%	3.18%	3.15%	4.82%	3.93%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FQEMX and CCRSX in my portfolio?

FQEMX and CCRSX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FQEMX or CCRSX?

FQEMX has higher volatility (19.29%) compared to CCRSX (4.61%). In terms of maximum drawdown, FQEMX dropped -34.46% vs CCRSX's -78.02%.

Which has better risk-adjusted returns?

FQEMX currently has the higher Sharpe Ratio (2.93 vs 1.75), 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.