RSNRX vs. FFGCX

Last updated Aug 1, 2026

RSNRX (Victory Global Energy Transition Fund) and FFGCX (Fidelity Global Commodity Stock Fund) are both mutual funds - RSNRX is a Energy Equities fund managed by Victory, while FFGCX is a Commodities fund managed by Fidelity. Over the past 10 years, RSNRX returned 12.49%/yr vs 12.44%/yr for FFGCX. Their correlation of 0.83 means they have usually moved in the same direction. RSNRX charges 1.48%/yr vs 0.85%/yr for FFGCX.

Performance

RSNRX vs. FFGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Global Energy Transition Fund (RSNRX) 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, RSNRX achieves a 27.93% return, which is significantly higher than FFGCX's 21.14% return. Both investments have delivered pretty close results over the past 10 years, with RSNRX having a 12.49% annualized return and FFGCX not far behind at 12.44%.

RSNRX

• 1D: 0.80%
• 1M: -1.77%
• 6M: 12.57%
• YTD: 27.93%
• 1Y: 73.43%
• 3Y*: 26.61%
• 5Y*: 29.33%
• 10Y*: 12.49%
• ALL TIME*: 8.26%

FFGCX

• 1D: 1.15%
• 1M: 7.49%
• 6M: 7.74%
• YTD: 21.14%
• 1Y: 43.47%
• 3Y*: 15.53%
• 5Y*: 14.11%
• 10Y*: 12.44%
• ALL TIME*: 7.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFGCX Fidelity Global Commodity Stock Fund	$0.00	$0.00	$0.00
RSNRX Victory Global Energy Transition Fund	$0.00	$0.00	$0.00

RSNRX vs. FFGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSNRX Victory Global Energy Transition Fund	27.93%	69.60%	15.94%	-8.64%	35.02%	83.01%	27.35%	-24.49%	-45.81%	1.02%
FFGCX Fidelity Global Commodity Stock Fund	21.14%	28.66%	2.98%	-5.18%	20.69%	26.08%	6.04%	17.82%	-13.21%	17.18%

Correlation

The correlation between RSNRX and FFGCX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Mar 26, 2009	0.83

Over the past year, the correlation between RSNRX and FFGCX has dropped to 0.54 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

RSNRX vs. FFGCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSNRX

RSNRX Risk / Return Rank: 96
RSNRX Sharpe Ratio Rank: 98
RSNRX Sortino Ratio Rank: 94
RSNRX Omega Ratio Rank: 92
RSNRX Calmar Ratio Rank: 98
RSNRX Martin Ratio Rank: 96

FFGCX

FFGCX Risk / Return Rank: 88
FFGCX Sharpe Ratio Rank: 93
FFGCX Sortino Ratio Rank: 85
FFGCX Omega Ratio Rank: 85
FFGCX Calmar Ratio Rank: 90
FFGCX Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSNRX vs. FFGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Global Energy Transition Fund (RSNRX) 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.

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.

	RSNRX	FFGCX	Difference
Sharpe ratio: Return per unit of total volatility	3.17	2.40	+0.76
Sortino ratio: Return per unit of downside risk	3.81	3.04	+0.76
Omega ratio: Gain probability vs. loss probability	1.52	1.41	+0.11
Calmar ratio: Return relative to maximum drawdown	6.30	3.34	+2.96
Martin ratio: Return relative to average drawdown	17.38	11.22	+6.16

RSNRX vs. FFGCX - Sharpe Ratio Comparison

The current RSNRX Sharpe Ratio is 3.17, which is higher than the FFGCX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of RSNRX 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.

Drawdowns

RSNRX vs. FFGCX - Drawdown Comparison

The maximum RSNRX drawdown since its inception was -89.73%, which is greater than FFGCX's maximum drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for RSNRX and FFGCX.

Drawdown Indicators

	RSNRX	FFGCX	Difference
Max Drawdown Largest peak-to-trough decline	-89.73%	-57.23%	-32.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-12.27%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-25.09%	-19.24%	-5.85%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	-27.22%	+1.78%
Max Drawdown (10Y) Largest decline over 10 years	-84.27%	-48.43%	-35.84%
Current Drawdown Current decline from peak	-7.80%	-4.35%	-3.45%
Average Drawdown Average peak-to-trough decline	-25.82%	-19.25%	-6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	3.65%	+0.56%

Volatility

RSNRX vs. FFGCX - Volatility Comparison

Victory Global Energy Transition Fund (RSNRX) has a higher volatility of 4.87% compared to Fidelity Global Commodity Stock Fund (FFGCX) at 4.40%. This indicates that RSNRX'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

	RSNRX	FFGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	4.40%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	16.98%	13.81%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	23.33%	17.12%	+6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.57%	21.26%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.33%	22.34%	+8.99%

RSNRX vs. FFGCX - Expense Ratio Comparison

RSNRX has a 1.48% expense ratio, which is higher than FFGCX's 0.85% expense ratio.

Dividends

RSNRX vs. FFGCX - Dividend Comparison

RSNRX's dividend yield for the trailing twelve months is around 3.42%, more than FFGCX's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGCX Fidelity Global Commodity Stock Fund	2.09%	2.53%	2.62%	2.01%	1.84%	3.39%	1.61%	2.98%	2.22%	0.36%	1.53%	2.86%
RSNRX Victory Global Energy Transition Fund	3.42%	4.38%	1.65%	2.36%	0.78%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSNRX and FFGCX in my portfolio?

RSNRX and FFGCX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSNRX or FFGCX?

RSNRX has higher volatility (4.87%) compared to FFGCX (4.40%). In terms of maximum drawdown, RSNRX dropped -89.73% vs FFGCX's -57.23%.

Which has better risk-adjusted returns?

RSNRX currently has the higher Sharpe Ratio (3.17 vs 2.40), 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.