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MFS Commodity Strategy Fund (MCSRX) Sharpe Ratio: 1.49

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The MFS Commodity Strategy Fund seeks total return by investing in commodity-linked instruments and debt securities, providing broad exposure to the commodities markets through proprietary quantitative models.

MCSRX's Sharpe Ratio of 1.49 indicates that for each unit of volatility, it generates 1.49 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MCSRX Sharpe Ratio Rank

MCSRX Sharpe Ratio Rank: 31.632
Below Average

MCSRX ranks above 31.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

MCSRX Sharpe Ratio Market Positioning

The chart shows MCSRX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.29+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares MFS Commodity Strategy Fund's Sharpe Ratio with other mutual funds in the Commodities category across multiple time periods, showing how MCSRX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FIQRXFidelity Advisor Global Commodity Stock Fund Class Z2.13
FFGCXFidelity Global Commodity Stock Fund2.12
FFGIXFidelity Advisor Global Commodity Stock Fund Class I2.12
FFGAXFidelity Advisor Global Commodity Stock Fund Class A2.10
JCRAXALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund2.08
FFGTXFidelity Advisor Global Commodity Stock Fund Class M2.08
FCGCXFidelity Advisor Global Commodity Stock Fund Class C2.04
EIPCXParametric Commodity Strategy Fund Class I2.02
EAPCXParametric Commodity Strategy Fund Class A1.99
BRCYXInvesco Balanced-Risk Commodity Strategy Fund1.89
MCSRXMFS Commodity Strategy Fund1.49

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MCSRX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MCSRX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does MCSRX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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