JCRAX vs. FFGCX

Last updated Jun 4, 2026

JCRAX (ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund) and FFGCX (Fidelity Global Commodity Stock Fund) are both Commodities funds. Over the past 10 years, JCRAX returned 8.53%/yr vs 13.04%/yr for FFGCX. A 0.79 correlation means they provide meaningful diversification when combined. JCRAX charges 1.36%/yr vs 0.94%/yr for FFGCX.

Performance

JCRAX vs. FFGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) and Fidelity Global Commodity Stock Fund (FFGCX). 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 JCRAX having a 24.94% return and FFGCX slightly lower at 24.64%. Over the past 10 years, JCRAX has underperformed FFGCX with an annualized return of 8.53%, while FFGCX has yielded a comparatively higher 13.04% annualized return.

JCRAX

• 1D: 0.90%
• 1M: -0.78%
• YTD: 24.94%
• 6M: 26.10%
• 1Y: 45.59%
• 3Y*: 17.82%
• 5Y*: 11.92%
• 10Y*: 8.53%

FFGCX

• 1D: 1.30%
• 1M: 0.79%
• YTD: 24.64%
• 6M: 27.09%
• 1Y: 52.31%
• 3Y*: 20.10%
• 5Y*: 13.70%
• 10Y*: 13.04%

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

JCRAX vs. FFGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	24.94%	25.30%	1.32%	-7.37%	12.82%	29.21%	2.15%	11.00%	-14.54%	4.58%
FFGCX Fidelity Global Commodity Stock Fund	24.64%	28.66%	2.98%	-5.18%	20.69%	26.08%	6.04%	17.82%	-13.21%	17.18%

Correlation

The correlation between JCRAX and FFGCX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 2, 2010	0.79

The correlation between JCRAX and FFGCX has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

Return for Risk

JCRAX vs. FFGCX — Risk / Return Rank

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

JCRAX

JCRAX Risk / Return Rank: 92
JCRAX Sharpe Ratio Rank: 94
JCRAX Sortino Ratio Rank: 87
JCRAX Omega Ratio Rank: 84
JCRAX Calmar Ratio Rank: 98
JCRAX Martin Ratio Rank: 97

FFGCX

FFGCX Risk / Return Rank: 91
FFGCX Sharpe Ratio Rank: 93
FFGCX Sortino Ratio Rank: 86
FFGCX Omega Ratio Rank: 82
FFGCX Calmar Ratio Rank: 97
FFGCX Martin Ratio Rank: 97

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.

JCRAX vs. FFGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) and Fidelity Global Commodity Stock Fund (FFGCX). 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.

	JCRAX	FFGCX	Difference
Sharpe ratio Return per unit of total volatility	3.33	3.21	+0.12
Sortino ratio Return per unit of downside risk	4.15	4.04	+0.11
Omega ratio Gain probability vs. loss probability	1.56	1.54	+0.02
Calmar ratio Return relative to maximum drawdown	7.71	7.09	+0.62
Martin ratio Return relative to average drawdown	27.87	25.64	+2.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCRAX vs. FFGCX - Sharpe Ratio Comparison

The current JCRAX Sharpe Ratio is 3.33, which is comparable to the FFGCX Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of JCRAX and FFGCX, 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

	JCRAX	FFGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	3.21	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.64	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.58	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.35	-0.12

Drawdowns

JCRAX vs. FFGCX - Drawdown Comparison

The maximum JCRAX drawdown since its inception was -62.03%, which is greater than FFGCX's maximum drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for JCRAX and FFGCX.

Drawdown Indicators

	JCRAX	FFGCX	Difference
Max Drawdown Largest peak-to-trough decline	-62.03%	-57.23%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.04%	-7.38%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-19.24%	+7.38%
Max Drawdown (5Y) Largest decline over 5 years	-26.60%	-27.22%	+0.62%
Max Drawdown (10Y) Largest decline over 10 years	-43.14%	-48.43%	+5.29%
Current Drawdown Current decline from peak	-2.50%	-1.58%	-0.92%
Average Drawdown Average peak-to-trough decline	-26.39%	-19.37%	-7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	2.04%	-0.37%

Volatility

JCRAX vs. FFGCX - Volatility Comparison

ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) and Fidelity Global Commodity Stock Fund (FFGCX) have volatilities of 4.26% and 4.35%, 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

	JCRAX	FFGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	4.35%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	11.36%	13.28%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	16.34%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.66%	21.37%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	22.43%	-4.32%

JCRAX vs. FFGCX - Expense Ratio Comparison

JCRAX has a 1.36% expense ratio, which is higher than FFGCX's 0.94% expense ratio.

Dividends

JCRAX vs. FFGCX - Dividend Comparison

JCRAX's dividend yield for the trailing twelve months is around 7.05%, more than FFGCX's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGCX Fidelity Global Commodity Stock Fund	2.03%	2.53%	2.62%	2.01%	1.84%	3.39%	1.61%	2.98%	2.22%	0.36%	1.53%	2.86%
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	7.05%	8.80%	2.80%	3.29%	7.08%	22.43%	0.29%	0.90%	3.26%	2.44%	0.05%	0.00%

Frequently Asked Questions

Can I hold both JCRAX and FFGCX in my portfolio?

JCRAX and FFGCX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCRAX or FFGCX?

FFGCX has higher volatility (4.35%) compared to JCRAX (4.26%). In terms of maximum drawdown, JCRAX dropped -62.03% vs FFGCX's -57.23%.

Which has better risk-adjusted returns?

JCRAX currently has the higher Sharpe Ratio (3.33 vs 3.21), 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.