CCRV vs. MWOFX

Last updated Jun 3, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and MWOFX (MFS Global Growth Fund) are both funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while MWOFX is a Global Equities fund managed by MFS. At a 0.16 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 1.22%/yr for MWOFX.

Performance

CCRV vs. MWOFX - Performance Comparison

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

Returns By Period

CCRV

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

MWOFX

• 1D: 0.54%
• 1M: 1.40%
• YTD: -1.90%
• 6M: -1.13%
• 1Y: 4.21%
• 3Y*: 8.12%
• 5Y*: 4.10%
• 10Y*: 10.48%

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

CCRV vs. MWOFX - 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%
MWOFX MFS Global Growth Fund	-1.90%	7.17%	10.68%	20.63%	-19.28%	18.33%	11.71%

Correlation

The correlation between CCRV and MWOFX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	0.16

The correlation between CCRV and MWOFX shifts across timeframes, from -0.11 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CCRV vs. MWOFX — Risk / Return Rank

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

MWOFX

MWOFX Risk / Return Rank: 4
MWOFX Sharpe Ratio Rank: 5
MWOFX Sortino Ratio Rank: 4
MWOFX Omega Ratio Rank: 4
MWOFX Calmar Ratio Rank: 4
MWOFX Martin Ratio Rank: 4

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. MWOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and MFS Global Growth Fund (MWOFX). 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	MWOFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.48	—

Drawdowns

Drawdown Indicators

	CCRV	MWOFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-56.10%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.68%	—
Current Drawdown Current decline from peak	—	-4.26%	—
Average Drawdown Average peak-to-trough decline	—	-11.91%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.39%	—

Volatility

Volatility by Period

	CCRV	MWOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.80%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.61%	—

CCRV vs. MWOFX - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is lower than MWOFX's 1.22% expense ratio.

Dividends

CCRV vs. MWOFX - Dividend Comparison

CCRV has not paid dividends to shareholders, while MWOFX's dividend yield for the trailing twelve months is around 5.53%.

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%
MWOFX MFS Global Growth Fund	5.53%	5.42%	5.14%	2.09%	3.60%	6.25%	3.13%	1.86%	5.00%	3.43%	1.68%	6.08%

Frequently Asked Questions

Can I hold both CCRV and MWOFX in my portfolio?

CCRV and MWOFX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.