Commerce Short Term Government Fund (CFSTX)

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The chart shows the growth of an initial investment of $10,000 in Commerce Short Term Government Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Commerce Short Term Government Fund (CFSTX) has returned -0.02% so far this year and 3.40% over the past 12 months. Over the last ten years, CFSTX has returned 1.26% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jun 20, 1996, CFSTX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, your investment would double in approximately 28.9 years.

Historically, 68% of months were positive and 32% were negative. The best month was Sep 2001 with a return of +1.9%, while the worst month was Sep 2022 at -2.2%. The longest winning streak lasted 22 consecutive months, and the longest losing streak was 9 months.

On a daily basis, CFSTX closed higher 39% of trading days. The best single day was Sep 17, 2001 with a return of +1.0%, while the worst single day was Sep 19, 2008 at -0.8%.

Commerce Short Term Government Fund has an annualized alpha of 2.63%, beta of -0.02, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 21, 1996.

• This fund captured 4.89% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.78%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.02 may look defensive, but with R² of 0.02 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.02 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CFSTX has an expense ratio of 0.68%, placing it in the medium range.

CFSTX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Commerce Short Term Government Fund (CFSTX) and compare them to a chosen benchmark (S&P 500 Index).

Commerce Short Term Government Fund provided a 2.17% dividend yield over the last twelve months, with an annual payout of $0.36 per share.

The table displays the monthly dividend distributions for Commerce Short Term Government Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Commerce Short Term Government Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Commerce Short Term Government Fund was 9.02%, occurring on Oct 20, 2022. Recovery took 587 trading sessions.

The current Commerce Short Term Government Fund drawdown is 1.03%.

The chart below shows the rolling one-month volatility.