VCMDX vs. FSOL

Last updated Aug 4, 2026

VCMDX (Vanguard Commodity Strategy Fund Admiral Shares) and FSOL (Fidelity Solana Fund) are both funds - VCMDX is a Commodities fund actively managed by Vanguard, while FSOL is a Cryptocurrency fund actively managed by Fidelity. Both are actively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. VCMDX charges 0.16%/yr vs 0.25%/yr for FSOL.

Performance

VCMDX vs. FSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Fidelity Solana Fund (FSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCMDX achieves a 17.84% return, which is significantly higher than FSOL's -39.06% return.

VCMDX

• 1D: -0.16%
• 1M: 5.95%
• 6M: 12.52%
• YTD: 17.84%
• 1Y: 30.13%
• 3Y*: 11.96%
• 5Y*: 10.26%
• 10Y*: —
• ALL TIME*: 12.09%

FSOL

• 1D: 1.27%
• 1M: -8.19%
• 6M: -27.48%
• YTD: -39.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
FSOL Fidelity Solana Fund	$1.62M	$1.65M	$2.75M
VCMDX Vanguard Commodity Strategy Fund Admiral Shares	$0.00	$0.00	$0.00

VCMDX vs. FSOL - Yearly Performance Comparison

	2026 (YTD)	2025
VCMDX Vanguard Commodity Strategy Fund Admiral Shares	17.84%	1.58%
FSOL Fidelity Solana Fund	-39.06%	-10.66%

Correlation

The correlation between VCMDX and FSOL is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	-0.07

Return for Risk

VCMDX vs. FSOL — Risk / Return Rank

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

VCMDX

VCMDX Risk / Return Rank: 69
VCMDX Sharpe Ratio Rank: 81
VCMDX Sortino Ratio Rank: 74
VCMDX Omega Ratio Rank: 75
VCMDX Calmar Ratio Rank: 63
VCMDX Martin Ratio Rank: 49

FSOL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VCMDX vs. FSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Fidelity Solana Fund (FSOL). 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.

	VCMDX	FSOL	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.58	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.25	—	—
Martin ratio: Return relative to average drawdown	7.36	—	—

Drawdowns

VCMDX vs. FSOL - Drawdown Comparison

The maximum VCMDX drawdown since its inception was -26.67%, smaller than the maximum FSOL drawdown of -56.33%. Use the drawdown chart below to compare losses from any high point for VCMDX and FSOL.

Drawdown Indicators

	VCMDX	FSOL	Difference
Max Drawdown Largest peak-to-trough decline	-26.67%	-56.33%	+29.66%
Max Drawdown (1Y) Largest decline over 1 year	-13.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.45%	—	—
Current Drawdown Current decline from peak	-7.37%	-48.90%	+41.53%
Average Drawdown Average peak-to-trough decline	-10.81%	-33.75%	+22.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	—	—

Volatility

Volatility by Period

	VCMDX	FSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	70.38%	-55.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.82%	70.38%	-54.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	70.38%	-55.01%

VCMDX vs. FSOL - Expense Ratio Comparison

VCMDX has a 0.16% expense ratio, which is lower than FSOL's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VCMDX vs. FSOL - Dividend Comparison

VCMDX's dividend yield for the trailing twelve months is around 12.91%, more than FSOL's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FSOL Fidelity Solana Fund	1.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VCMDX Vanguard Commodity Strategy Fund Admiral Shares	12.91%	15.21%	2.19%	2.50%	14.21%	30.56%	0.50%	0.60%

Frequently Asked Questions

Can I hold both VCMDX and FSOL in my portfolio?

VCMDX and FSOL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.