PCRPX vs. FFGCX

Last updated Jun 4, 2026

PCRPX (PIMCO Commodity Real Return Strategy Fund) and FFGCX (Fidelity Global Commodity Stock Fund) are both Commodities funds. Over the past 10 years, PCRPX returned 8.50%/yr vs 13.04%/yr for FFGCX. A 0.59 correlation means they provide meaningful diversification when combined. PCRPX charges 0.92%/yr vs 0.94%/yr for FFGCX.

Performance

PCRPX vs. FFGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Commodity Real Return Strategy Fund (PCRPX) and Fidelity Global Commodity Stock Fund (FFGCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCRPX achieves a 26.84% return, which is significantly higher than FFGCX's 24.64% return. Over the past 10 years, PCRPX has underperformed FFGCX with an annualized return of 8.50%, while FFGCX has yielded a comparatively higher 13.04% annualized return.

PCRPX

• 1D: 0.44%
• 1M: -2.51%
• YTD: 26.84%
• 6M: 23.66%
• 1Y: 39.65%
• 3Y*: 18.81%
• 5Y*: 12.56%
• 10Y*: 8.50%

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)

PCRPX vs. FFGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCRPX PIMCO Commodity Real Return Strategy Fund	26.84%	16.26%	10.79%	-6.20%	9.12%	33.01%	0.73%	12.24%	-13.90%	2.62%
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 PCRPX and FFGCX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 27, 2009	0.59

The correlation between PCRPX and FFGCX has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.

Return for Risk

PCRPX vs. FFGCX — Risk / Return Rank

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

PCRPX

PCRPX Risk / Return Rank: 75
PCRPX Sharpe Ratio Rank: 73
PCRPX Sortino Ratio Rank: 54
PCRPX Omega Ratio Rank: 63
PCRPX Calmar Ratio Rank: 95
PCRPX Martin Ratio Rank: 89

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.

PCRPX vs. FFGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Real Return Strategy Fund (PCRPX) 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.

	PCRPX	FFGCX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	3.21	-0.73
Sortino ratio: Return per unit of downside risk	3.11	4.04	-0.93
Omega ratio: Gain probability vs. loss probability	1.44	1.54	-0.10
Calmar ratio: Return relative to maximum drawdown	5.65	7.09	-1.44
Martin ratio: Return relative to average drawdown	17.69	25.64	-7.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCRPX vs. FFGCX - Sharpe Ratio Comparison

The current PCRPX Sharpe Ratio is 2.48, which is comparable to the FFGCX Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of PCRPX 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

	PCRPX	FFGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	3.21	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.64	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.58	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.35	-0.32

Drawdowns

PCRPX vs. FFGCX - Drawdown Comparison

The maximum PCRPX drawdown since its inception was -72.22%, which is greater than FFGCX's maximum drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for PCRPX and FFGCX.

Drawdown Indicators

	PCRPX	FFGCX	Difference
Max Drawdown Largest peak-to-trough decline	-72.22%	-57.23%	-14.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-7.38%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-10.32%	-19.24%	+8.92%
Max Drawdown (5Y) Largest decline over 5 years	-34.54%	-27.22%	-7.32%
Max Drawdown (10Y) Largest decline over 10 years	-39.15%	-48.43%	+9.28%
Current Drawdown Current decline from peak	-4.18%	-1.58%	-2.60%
Average Drawdown Average peak-to-trough decline	-39.42%	-19.37%	-20.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.04%	+0.23%

Volatility

PCRPX vs. FFGCX - Volatility Comparison

PIMCO Commodity Real Return Strategy Fund (PCRPX) has a higher volatility of 5.26% compared to Fidelity Global Commodity Stock Fund (FFGCX) at 4.35%. This indicates that PCRPX's price experiences larger fluctuations and is considered to be riskier than FFGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCRPX	FFGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	4.35%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	13.28%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	16.34%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	21.37%	-1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	22.43%	-5.29%

PCRPX vs. FFGCX - Expense Ratio Comparison

PCRPX has a 0.92% expense ratio, which is lower than FFGCX's 0.94% expense ratio.

Dividends

PCRPX vs. FFGCX - Dividend Comparison

PCRPX's dividend yield for the trailing twelve months is around 4.01%, 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%
PCRPX PIMCO Commodity Real Return Strategy Fund	4.01%	5.09%	8.47%	6.50%	46.40%	22.80%	1.51%	3.93%	5.85%	8.06%	0.83%	5.23%

Frequently Asked Questions

Can I hold both PCRPX and FFGCX in my portfolio?

PCRPX and FFGCX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCRPX or FFGCX?

PCRPX has higher volatility (5.26%) compared to FFGCX (4.35%). In terms of maximum drawdown, PCRPX dropped -72.22% vs FFGCX's -57.23%.

Which has better risk-adjusted returns?

FFGCX currently has the higher Sharpe Ratio (3.21 vs 2.48), 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.