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PQCMX vs. FYHTX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

PQCMX vs. FYHTX - Performance Comparison

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

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Returns By Period

In the year-to-date period, PQCMX achieves a 31.70% return, which is significantly higher than FYHTX's 20.64% return.


PQCMX

1D
0.44%
1M
-3.48%
YTD
31.70%
6M
30.81%
1Y
43.75%
3Y*
17.24%
5Y*
12.41%
10Y*

FYHTX

1D
0.31%
1M
-1.38%
YTD
20.64%
6M
20.58%
1Y
31.68%
3Y*
13.74%
5Y*
10.13%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

PQCMX vs. FYHTX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PQCMX
PGIM Quant Solutions Commodity Strategies Fund
31.70%13.62%5.09%-8.67%19.10%27.81%-1.13%8.78%-12.07%7.30%
FYHTX
Fidelity Commodity Strategy Fund
20.64%14.72%4.73%-8.62%15.32%26.43%-3.84%6.91%-11.71%6.00%

Correlation

The correlation between PQCMX and FYHTX is 0.87, 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

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since May 31, 2017

0.94

The correlation between PQCMX and FYHTX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

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Return for Risk

PQCMX vs. FYHTX — Risk / Return Rank

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

PQCMX
PQCMX Risk / Return Rank: 7777
Overall Rank
PQCMX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
PQCMX Sortino Ratio Rank: 5959
Sortino Ratio Rank
PQCMX Omega Ratio Rank: 6969
Omega Ratio Rank
PQCMX Calmar Ratio Rank: 9696
Calmar Ratio Rank
PQCMX Martin Ratio Rank: 8484
Martin Ratio Rank

FYHTX
FYHTX Risk / Return Rank: 6262
Overall Rank
FYHTX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
FYHTX Sortino Ratio Rank: 4949
Sortino Ratio Rank
FYHTX Omega Ratio Rank: 5555
Omega Ratio Rank
FYHTX Calmar Ratio Rank: 8989
Calmar Ratio Rank
FYHTX Martin Ratio Rank: 5757
Martin Ratio Rank
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.

PQCMX vs. FYHTX - Risk-Adjusted Trends Comparison

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


PQCMXFYHTXDifference
Sharpe ratioReturn per unit of total volatility

+0.29

Sortino ratioReturn per unit of downside risk

+0.27

Omega ratioGain probability vs. loss probability

1.46

1.41

+0.05

Calmar ratioReturn relative to maximum drawdown

6.09

4.43

+1.66

Martin ratioReturn relative to average drawdown

15.82

11.51

+4.31

PQCMX vs. FYHTX - Sharpe Ratio Comparison

The current PQCMX Sharpe Ratio is 2.59, which is comparable to the FYHTX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of PQCMX and FYHTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


PQCMXFYHTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.59

2.29

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.64

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.49

+0.06

Drawdowns

PQCMX vs. FYHTX - Drawdown Comparison

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


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Drawdown Indicators


PQCMXFYHTXDifference

Max Drawdown

Largest peak-to-trough decline

-33.00%

-33.22%

+0.22%

Max Drawdown (1Y)

Largest decline over 1 year

-7.29%

-7.22%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-12.19%

-11.52%

-0.67%

Max Drawdown (5Y)

Largest decline over 5 years

-26.78%

-25.47%

-1.31%

Current Drawdown

Current decline from peak

-4.09%

-3.41%

-0.68%

Average Drawdown

Average peak-to-trough decline

-11.82%

-11.95%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

2.77%

+0.03%

Volatility

PQCMX vs. FYHTX - Volatility Comparison

PGIM Quant Solutions Commodity Strategies Fund (PQCMX) has a higher volatility of 6.06% compared to Fidelity Commodity Strategy Fund (FYHTX) at 4.53%. This indicates that PQCMX's price experiences larger fluctuations and is considered to be riskier than FYHTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PQCMXFYHTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.06%

4.53%

+1.53%

Volatility (6M)

Calculated over the trailing 6-month period

15.15%

11.55%

+3.60%

Volatility (1Y)

Calculated over the trailing 1-year period

17.26%

14.11%

+3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

15.85%

+1.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.18%

14.47%

+0.71%

PQCMX vs. FYHTX - Expense Ratio Comparison

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


Dividends

PQCMX vs. FYHTX - Dividend Comparison

PQCMX's dividend yield for the trailing twelve months is around 6.14%, more than FYHTX's 2.43% yield.


PositionTTM202520242023202220212020201920182017
FYHTX
Fidelity Commodity Strategy Fund
2.43%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
6.14%8.09%4.14%3.93%31.36%47.61%0.00%1.02%3.02%1.42%

Frequently Asked Questions


PQCMX and FYHTX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PQCMX has higher volatility (6.06%) compared to FYHTX (4.53%). In terms of maximum drawdown, PQCMX dropped -33.00% vs FYHTX's -33.22%.

PQCMX currently has the higher Sharpe Ratio (2.59 vs 2.29), 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.

Portfolio Optimizer

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