JCRAX vs. FFGTX

Last updated Jul 14, 2026

JCRAX (ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund) and FFGTX (Fidelity Advisor Global Commodity Stock Fund Class M) are both Commodities funds. Over the past 10 years, JCRAX returned 7.36%/yr vs 11.19%/yr for FFGTX. A 0.79 correlation means they provide meaningful diversification when combined. JCRAX charges 1.36%/yr vs 1.52%/yr for FFGTX.

Performance

JCRAX vs. FFGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) and Fidelity Advisor Global Commodity Stock Fund Class M (FFGTX). 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 14.94% return and FFGTX slightly lower at 14.70%. Over the past 10 years, JCRAX has underperformed FFGTX with an annualized return of 7.36%, while FFGTX has yielded a comparatively higher 11.19% annualized return.

JCRAX

• 1D: 0.00%
• 1M: -3.12%
• 6M: 9.53%
• YTD: 14.94%
• 1Y: 29.49%
• 3Y*: 13.28%
• 5Y*: 10.24%
• 10Y*: 7.36%

FFGTX

• 1D: 1.02%
• 1M: -5.00%
• 6M: 8.90%
• YTD: 14.70%
• 1Y: 30.88%
• 3Y*: 15.11%
• 5Y*: 12.07%
• 10Y*: 11.19%

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

JCRAX vs. FFGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	14.94%	25.30%	1.32%	-7.37%	12.82%	29.21%	2.15%	11.00%	-14.54%	4.58%
FFGTX Fidelity Advisor Global Commodity Stock Fund Class M	14.70%	27.96%	2.37%	-5.62%	20.06%	25.38%	5.41%	17.23%	-13.73%	17.38%

Correlation

The correlation between JCRAX and FFGTX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
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 1, 2010	0.79

The correlation between JCRAX and FFGTX has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

Return for Risk

JCRAX vs. FFGTX — Risk / Return Rank

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

JCRAX

JCRAX Risk / Return Rank: 67
JCRAX Sharpe Ratio Rank: 81
JCRAX Sortino Ratio Rank: 72
JCRAX Omega Ratio Rank: 73
JCRAX Calmar Ratio Rank: 57
JCRAX Martin Ratio Rank: 53

FFGTX

FFGTX Risk / Return Rank: 62
FFGTX Sharpe Ratio Rank: 69
FFGTX Sortino Ratio Rank: 58
FFGTX Omega Ratio Rank: 59
FFGTX Calmar Ratio Rank: 68
FFGTX Martin Ratio Rank: 58

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. FFGTX - Risk-Adjusted Trends Comparison

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

	JCRAX	FFGTX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.84	+0.25
Sortino ratio: Return per unit of downside risk	2.70	2.41	+0.29
Omega ratio: Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	2.33	2.54	-0.21
Martin ratio: Return relative to average drawdown	8.57	9.03	-0.45

JCRAX vs. FFGTX - Sharpe Ratio Comparison

The current JCRAX Sharpe Ratio is 2.09, which is comparable to the FFGTX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of JCRAX and FFGTX, 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

JCRAX vs. FFGTX - Drawdown Comparison

The maximum JCRAX drawdown since its inception was -62.03%, which is greater than FFGTX's maximum drawdown of -58.53%. Use the drawdown chart below to compare losses from any high point for JCRAX and FFGTX.

Drawdown Indicators

	JCRAX	FFGTX	Difference
Max Drawdown Largest peak-to-trough decline	-62.03%	-58.53%	-3.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-12.30%	-0.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.01%	-19.63%	+6.62%
Max Drawdown (5Y) Largest decline over 5 years	-26.60%	-27.31%	+0.71%
Max Drawdown (10Y) Largest decline over 10 years	-43.14%	-48.88%	+5.74%
Current Drawdown Current decline from peak	-10.31%	-9.24%	-1.07%
Average Drawdown Average peak-to-trough decline	-26.28%	-20.29%	-5.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.45%	+0.08%

Volatility

JCRAX vs. FFGTX - Volatility Comparison

The current volatility for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) is 3.71%, while Fidelity Advisor Global Commodity Stock Fund Class M (FFGTX) has a volatility of 4.85%. This indicates that JCRAX experiences smaller price fluctuations and is considered to be less risky than FFGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCRAX	FFGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	4.85%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	13.97%	-2.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	16.95%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	21.37%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	22.34%	-4.27%

JCRAX vs. FFGTX - Expense Ratio Comparison

JCRAX has a 1.36% expense ratio, which is lower than FFGTX's 1.52% expense ratio.

Dividends

JCRAX vs. FFGTX - Dividend Comparison

JCRAX's dividend yield for the trailing twelve months is around 7.66%, more than FFGTX's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGTX Fidelity Advisor Global Commodity Stock Fund Class M	1.76%	2.02%	1.93%	1.47%	1.47%	2.91%	1.03%	2.51%	1.57%	0.36%	1.05%	2.07%
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund	7.66%	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 FFGTX in my portfolio?

JCRAX and FFGTX have a correlation of 0.80, 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 FFGTX?

FFGTX has higher volatility (4.85%) compared to JCRAX (3.71%). In terms of maximum drawdown, JCRAX dropped -62.03% vs FFGTX's -58.53%.

Which has better risk-adjusted returns?

JCRAX currently has the higher Sharpe Ratio (2.09 vs 1.84), 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.