SWPPX vs. FCSSX
SWPPX (Schwab S&P 500 Index Fund) and FCSSX (Fidelity Series Commodity Strategy Fund) are both mutual funds - SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index, while FCSSX is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward Total Return Index. Both are passively managed. Over the past 10 years, SWPPX returned 15.36%/yr vs 6.44%/yr for FCSSX. Their 0.28 correlation means their historical movements had little consistent relationship. SWPPX charges 0.02%/yr vs 0.00%/yr for FCSSX.
Performance
SWPPX vs. FCSSX - Performance Comparison
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Returns By Period
In the year-to-date period, SWPPX achieves a 13.74% return, which is significantly lower than FCSSX's 15.39% return. Over the past 10 years, SWPPX has outperformed FCSSX with an annualized return of 15.36%, while FCSSX has yielded a comparatively lower 6.44% annualized return.
SWPPX
- 1D
- 1.79%
- 1M
- 2.68%
- 6M
- 13.03%
- YTD
- 13.74%
- 1Y
- 24.25%
- 3Y*
- 21.57%
- 5Y*
- 13.38%
- 10Y*
- 15.36%
- ALL TIME*
- 9.89%
FCSSX
- 1D
- -0.83%
- 1M
- 2.01%
- 6M
- 7.47%
- YTD
- 15.39%
- 1Y
- 28.08%
- 3Y*
- 10.13%
- 5Y*
- 9.72%
- 10Y*
- 6.44%
- ALL TIME*
- 1.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWPPX vs. FCSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | 13.74% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
FCSSX Fidelity Series Commodity Strategy Fund | 15.39% | 15.43% | 5.36% | -8.25% | 18.11% | 27.59% | -3.11% | 7.41% | -12.10% | 0.92% |
Correlation
The correlation between SWPPX and FCSSX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2009 | 0.28 |
The correlation between SWPPX and FCSSX shifts across timeframes, from -0.01 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SWPPX vs. FCSSX — Risk / Return Rank
SWPPX
FCSSX
SWPPX vs. FCSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) and Fidelity Series Commodity Strategy Fund (FCSSX). 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.
| SWPPX | FCSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.25 | +0.43 |
| Martin ratioReturn relative to average drawdown | 11.45 | 7.14 | +4.32 |
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Drawdowns
SWPPX vs. FCSSX - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, smaller than the maximum FCSSX drawdown of -66.04%. Use the drawdown chart below to compare losses from any high point for SWPPX and FCSSX.
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Drawdown Indicators
| SWPPX | FCSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -66.04% | +10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -12.43% | +3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.74% | -12.43% | -6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -24.07% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -33.37% | -0.43% |
Current DrawdownCurrent decline from peak | 0.00% | -13.67% | +13.67% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -35.96% | +26.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.91% | -1.84% |
Volatility
SWPPX vs. FCSSX - Volatility Comparison
Schwab S&P 500 Index Fund (SWPPX) has a higher volatility of 4.16% compared to Fidelity Series Commodity Strategy Fund (FCSSX) at 3.74%. This indicates that SWPPX's price experiences larger fluctuations and is considered to be riskier than FCSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPPX | FCSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 3.74% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 10.51% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 14.40% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 15.92% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 14.30% | +3.95% |
SWPPX vs. FCSSX - Expense Ratio Comparison
SWPPX has a 0.02% expense ratio, which is higher than FCSSX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SWPPX vs. FCSSX - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 0.98%, less than FCSSX's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSSX Fidelity Series Commodity Strategy Fund | 2.33% | 2.69% | 12.74% | 4.53% | 128.24% | 41.74% | 0.44% | 1.49% | 6.76% | 0.53% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 0.98% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Frequently Asked Questions
SWPPX and FCSSX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWPPX has higher volatility (4.16%) compared to FCSSX (3.74%). In terms of maximum drawdown, SWPPX dropped -55.06% vs FCSSX's -66.04%.
FCSSX currently has the higher Sharpe Ratio (1.94 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.
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