FSPSX vs. CCRV

Last updated Jun 9, 2026

FSPSX (Fidelity International Index Fund) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both funds - FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. At a 0.24 correlation, their price movements are largely independent. FSPSX charges 0.04%/yr vs 0.40%/yr for CCRV.

Performance

FSPSX vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Index Fund (FSPSX) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSPSX

• 1D: -2.44%
• 1M: -1.55%
• YTD: 6.61%
• 6M: 9.10%
• 1Y: 18.41%
• 3Y*: 16.03%
• 5Y*: 8.15%
• 10Y*: 8.99%

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSPSX vs. CCRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FSPSX Fidelity International Index Fund	6.61%	31.98%	3.70%	18.31%	-14.23%	11.45%	14.39%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%

Correlation

The correlation between FSPSX and CCRV is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	0.24

The correlation between FSPSX and CCRV shifts across timeframes, from -0.10 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSPSX vs. CCRV — Risk / Return Rank

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

FSPSX

FSPSX Risk / Return Rank: 23
FSPSX Sharpe Ratio Rank: 21
FSPSX Sortino Ratio Rank: 21
FSPSX Omega Ratio Rank: 21
FSPSX Calmar Ratio Rank: 23
FSPSX Martin Ratio Rank: 27

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.

FSPSX vs. CCRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.

	FSPSX	CCRV	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.81	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.65	—	—
Martin ratio: Return relative to average drawdown	6.18	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSPSX	CCRV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	—	—

Drawdowns

Drawdown Indicators

	FSPSX	CCRV	Difference
Max Drawdown Largest peak-to-trough decline	-33.69%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.69%	—	—
Current Drawdown Current decline from peak	-3.08%	—	—
Average Drawdown Average peak-to-trough decline	-6.55%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	—	—

Volatility

Volatility by Period

	FSPSX	CCRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.57%	—	—

FSPSX vs. CCRV - Expense Ratio Comparison

FSPSX has a 0.04% expense ratio, which is lower than CCRV's 0.40% expense ratio.

Dividends

FSPSX vs. CCRV - Dividend Comparison

FSPSX's dividend yield for the trailing twelve months is around 2.96%, while CCRV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSPSX Fidelity International Index Fund	2.96%	3.15%	3.27%	2.79%	2.66%	3.07%	1.84%	3.18%	2.79%	2.50%	3.08%	2.79%

Frequently Asked Questions

Can I hold both FSPSX and CCRV in my portfolio?

FSPSX and CCRV have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.