- CUSIP
- 55276T826
- Issuer
- MFS
- Inception Date
- Sep 4, 2012
- Category
- Commodities
- Index Tracked
- Bloomberg Commodity Index
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MCSRX Performance Chart
MFS Commodity Strategy Fund (MCSRX) is up 19.7% since the beginning of the year. MCSRX is currently trading at $4 per share. Investors who bought $1,000 worth of MCSRX shares 5 years ago would now be looking at an investment worth $1,637.
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Returns By Period
MFS Commodity Strategy Fund (MCSRX) has returned 19.67% so far this year and 34.01% over the past 12 months. Over the last ten years, MCSRX has returned 7.43% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
MFS Commodity Strategy Fund
- 1D
- -0.23%
- 1M
- 6.14%
- 6M
- 9.09%
- YTD
- 19.67%
- 1Y
- 34.01%
- 3Y*
- 12.94%
- 5Y*
- 10.36%
- 10Y*
- 7.43%
- ALL TIME*
- 1.76%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MCSRX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, MCSRX's average daily return is +0.05%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Jan 2026 with a return of +9.7%, while the worst month was Mar 2020 at -15.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, MCSRX closed higher 47% of trading days. The best single day was Aug 24, 2017 with a return of +158.8%, while the worst single day was Aug 25, 2017 at -61.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.70% | 2.53% | 6.65% | 4.85% | -2.20% | -8.11% | 5.88% | 19.67% | |||||
| 2025 | 4.52% | 0.54% | 4.03% | -5.17% | 0.00% | 2.72% | -0.27% | 3.19% | 2.32% | 2.02% | 2.72% | 0.95% | 18.63% |
| 2024 | 0.86% | -1.99% | 3.78% | 0.84% | 1.39% | -0.55% | -3.31% | 0.28% | 4.55% | -2.45% | 1.11% | 0.84% | 5.18% |
| 2023 | 0.26% | -5.00% | 0.00% | -0.83% | -6.15% | 3.57% | 6.03% | 0.00% | -1.36% | 0.55% | -0.55% | -2.20% | -6.07% |
| 2022 | 8.39% | 6.24% | 8.50% | 5.04% | 2.66% | -12.46% | 5.14% | -0.19% | -10.17% | 1.26% | 3.11% | -2.49% | 13.19% |
| 2021 | 2.85% | 5.90% | -2.09% | 8.72% | 3.11% | 2.22% | 1.55% | -0.31% | 5.98% | 1.88% | -7.81% | 3.91% | 27.96% |
Benchmark Metrics
MFS Commodity Strategy Fund has an annualized alpha of 9.40%, beta of 0.18, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 56.38% of S&P 500 Index downside but only 29.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.18 may look defensive, but with R2 of 0.00 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 0.00 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.
- Alpha
- 9.40%
- Beta
- 0.18
- R²
- 0.00
- Upside Capture
- 29.69%
- Downside Capture
- 56.38%
Expense Ratio
MCSRX has an expense ratio of 0.82%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MCSRX ranks 70 for risk / return — above 70% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSRX) and compare them to S&P 500 Index.
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.
| MCSRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.00 | +0.48 |
| Martin ratioReturn relative to average drawdown | 7.80 | 8.49 | -0.69 |
Dividends
Dividend History
MFS Commodity Strategy Fund provided a 13.52% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.58 | $0.12 | $0.08 | $1.04 | $2.41 | $0.05 | $0.10 | $0.18 | $0.19 | $0.04 | $0.03 |
Dividend yield | 13.52% | 16.18% | 3.39% | 2.30% | 27.57% | 56.15% | 0.91% | 1.88% | 3.50% | 3.13% | 0.61% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Commodity Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.41 | $2.41 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Commodity Strategy 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 MFS Commodity Strategy Fund was 72.07%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current MFS Commodity Strategy Fund drawdown is 20.97%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-72.07%Mar 2020 | 2y 6mo | — | 8y 11moAug 2017 - now | COVID crash2020 |
-47.27%Jan 2016 | 2y 11mo | 1y 7mo | 4y 6moJan 2013 - Aug 2017 | — |
-1.48%Jan 2013 | 6d | 5d | 11dJan 2013 - Jan 2013 | — |
-1.14%Jan 2013 | 5d | 2d | 7dJan 2013 - Jan 2013 | — |
Drawdown Indicators
| MCSRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.07% | -56.78% | -15.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -9.10% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -18.90% | +6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -37.76% | -25.43% | -12.33% |
Max Drawdown (10Y)Largest decline over 10 years | -72.07% | -33.92% | -38.15% |
Current DrawdownCurrent decline from peak | -20.97% | -1.58% | -19.39% |
Average DrawdownAverage peak-to-trough decline | -41.62% | -10.70% | -30.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.14% | +1.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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