CCRV vs. MGIAX

Last updated Jun 3, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and MGIAX (MFS International Intrinsic Value Fund) are both funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while MGIAX is a Foreign Large Cap Equities fund managed by MFS. At a 0.19 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 0.96%/yr for MGIAX.

Performance

CCRV vs. MGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and MFS International Intrinsic Value Fund (MGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MGIAX

• 1D: -0.32%
• 1M: 1.95%
• YTD: 6.47%
• 6M: 8.70%
• 1Y: 19.33%
• 3Y*: 17.10%
• 5Y*: 7.64%
• 10Y*: 9.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCRV vs. MGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%
MGIAX MFS International Intrinsic Value Fund	6.47%	32.75%	7.07%	17.76%	-23.24%	10.25%	9.83%

Correlation

The correlation between CCRV and MGIAX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	0.19

The correlation between CCRV and MGIAX shifts across timeframes, from -0.09 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CCRV vs. MGIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGIAX

MGIAX Risk / Return Rank: 24
MGIAX Sharpe Ratio Rank: 27
MGIAX Sortino Ratio Rank: 26
MGIAX Omega Ratio Rank: 26
MGIAX Calmar Ratio Rank: 20
MGIAX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCRV vs. MGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and MFS International Intrinsic Value Fund (MGIAX). 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.

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

Sharpe Ratios by Period

	CCRV	MGIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.52	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.55	—

Drawdowns

Drawdown Indicators

	CCRV	MGIAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.94%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.13%	—
Current Drawdown Current decline from peak	—	-2.99%	—
Average Drawdown Average peak-to-trough decline	—	-8.63%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.45%	—

Volatility

Volatility by Period

	CCRV	MGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.88%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.69%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.65%	—

CCRV vs. MGIAX - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is lower than MGIAX's 0.96% expense ratio.

Dividends

CCRV vs. MGIAX - Dividend Comparison

CCRV has not paid dividends to shareholders, while MGIAX's dividend yield for the trailing twelve months is around 7.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MGIAX MFS International Intrinsic Value Fund	7.78%	8.28%	12.79%	11.81%	14.57%	7.59%	5.30%	3.89%	4.41%	2.48%	1.62%	3.10%

Frequently Asked Questions

Can I hold both CCRV and MGIAX in my portfolio?

CCRV and MGIAX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.