FYHTX vs. PQCMX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Commodity Strategy Fund (FYHTX) and PGIM Quant Solutions Commodity Strategies Fund (PQCMX).

FYHTX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Commodity Total Return Index. It was launched on May 30, 2017. PQCMX is managed by PGIM. It was launched on Nov 14, 2016.

Performance

FYHTX vs. PQCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Commodity Strategy Fund (FYHTX) and PGIM Quant Solutions Commodity Strategies Fund (PQCMX). The values are adjusted to include any dividend payments, if applicable.

FYHTX vs. PQCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYHTX Fidelity Commodity Strategy Fund	16.29%	14.72%	4.73%	-8.62%	15.32%	26.43%	-3.84%	6.91%	-11.71%	6.00%
PQCMX PGIM Quant Solutions Commodity Strategies Fund	26.66%	13.62%	5.09%	-8.67%	19.10%	27.81%	-1.13%	8.78%	-12.07%	7.30%

Returns By Period

In the year-to-date period, FYHTX achieves a 16.29% return, which is significantly lower than PQCMX's 26.66% return.

FYHTX

• 1D: -0.03%
• 1M: 5.22%
• YTD: 16.29%
• 6M: 22.41%
• 1Y: 22.79%
• 3Y*: 10.62%
• 5Y*: 11.79%
• 10Y*: —

PQCMX

• 1D: 0.57%
• 1M: 12.26%
• YTD: 26.66%
• 6M: 32.84%
• 1Y: 32.65%
• 3Y*: 13.54%
• 5Y*: 14.09%
• 10Y*: —

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

FYHTX vs. PQCMX - Expense Ratio Comparison

FYHTX has a 0.63% expense ratio, which is higher than PQCMX's 0.62% expense ratio.

FYHTX

Fidelity Commodity Strategy Fund

PQCMX

PGIM Quant Solutions Commodity Strategies Fund

Return for Risk

FYHTX vs. PQCMX — Risk / Return Rank

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

FYHTX

FYHTX Risk / Return Rank: 81
FYHTX Sharpe Ratio Rank: 82
FYHTX Sortino Ratio Rank: 81
FYHTX Omega Ratio Rank: 75
FYHTX Calmar Ratio Rank: 91
FYHTX Martin Ratio Rank: 77

PQCMX

PQCMX Risk / Return Rank: 90
PQCMX Sharpe Ratio Rank: 92
PQCMX Sortino Ratio Rank: 90
PQCMX Omega Ratio Rank: 86
PQCMX Calmar Ratio Rank: 96
PQCMX 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.

FYHTX vs. PQCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Commodity Strategy Fund (FYHTX) and PGIM Quant Solutions Commodity Strategies Fund (PQCMX). 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.

	FYHTX	PQCMX	Difference
Sharpe ratio Return per unit of total volatility	1.56	1.96	-0.40
Sortino ratio Return per unit of downside risk	2.07	2.54	-0.47
Omega ratio Gain probability vs. loss probability	1.29	1.36	-0.07
Calmar ratio Return relative to maximum drawdown	2.66	3.64	-0.98
Martin ratio Return relative to average drawdown	7.40	9.72	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYHTX vs. PQCMX - Sharpe Ratio Comparison

The current FYHTX Sharpe Ratio is 1.56, which is comparable to the PQCMX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of FYHTX and PQCMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FYHTX	PQCMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	1.96	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.84	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.54	-0.06

Correlation

The correlation between FYHTX and PQCMX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FYHTX vs. PQCMX - Dividend Comparison

FYHTX's dividend yield for the trailing twelve months is around 2.52%, less than PQCMX's 6.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYHTX Fidelity Commodity Strategy Fund	2.52%	2.93%	3.78%	4.10%	57.34%	15.05%	0.00%	7.00%	12.49%	0.36%
PQCMX PGIM Quant Solutions Commodity Strategies Fund	6.38%	8.09%	4.14%	3.93%	31.36%	47.61%	0.00%	1.02%	3.02%	1.42%

Drawdowns

FYHTX vs. PQCMX - Drawdown Comparison

The maximum FYHTX drawdown since its inception was -33.22%, roughly equal to the maximum PQCMX drawdown of -33.00%. Use the drawdown chart below to compare losses from any high point for FYHTX and PQCMX.

Drawdown Indicators

	FYHTX	PQCMX	Difference
Max Drawdown Largest peak-to-trough decline	-33.22%	-33.00%	-0.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-9.32%	+0.14%
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	-26.78%	+1.31%
Current Drawdown Current decline from peak	-1.96%	0.00%	-1.96%
Average Drawdown Average peak-to-trough decline	-12.15%	-12.01%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	3.50%	-0.20%

Volatility

FYHTX vs. PQCMX - Volatility Comparison

The current volatility for Fidelity Commodity Strategy Fund (FYHTX) is 5.38%, while PGIM Quant Solutions Commodity Strategies Fund (PQCMX) has a volatility of 8.32%. This indicates that FYHTX experiences smaller price fluctuations and is considered to be less risky than PQCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYHTX	PQCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	8.32%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	13.86%	-2.41%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	17.23%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	16.88%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.52%	15.10%	-0.58%