CFBNX vs. CFAGX

Last updated Jul 15, 2026

CFBNX (Commerce Bond Fund) and CFAGX (Commerce MidCap Growth Fund) are both mutual funds - CFBNX is a Intermediate Core Bond fund managed by Commerce, while CFAGX is a Mid Cap Growth Equities fund managed by Commerce. Over the past 10 years, CFBNX returned 1.74%/yr vs 10.07%/yr for CFAGX. At a correlation of -0.12, they often move in opposite directions. CFBNX charges 0.60%/yr vs 0.71%/yr for CFAGX.

Performance

CFBNX vs. CFAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Commerce Bond Fund (CFBNX) and Commerce MidCap Growth Fund (CFAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFBNX achieves a -0.28% return, which is significantly lower than CFAGX's 4.11% return. Over the past 10 years, CFBNX has underperformed CFAGX with an annualized return of 1.74%, while CFAGX has yielded a comparatively higher 10.07% annualized return.

CFBNX

• 1D: -0.34%
• 1M: -0.64%
• 6M: -0.50%
• YTD: -0.28%
• 1Y: 3.79%
• 3Y*: 3.82%
• 5Y*: -0.17%
• 10Y*: 1.74%

CFAGX

• 1D: -1.16%
• 1M: 0.67%
• 6M: 1.54%
• YTD: 4.11%
• 1Y: -0.87%
• 3Y*: 7.91%
• 5Y*: 3.50%
• 10Y*: 10.07%

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

CFBNX vs. CFAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFBNX Commerce Bond Fund	-0.28%	7.12%	1.52%	5.97%	-13.30%	-0.56%	7.15%	8.97%	-0.58%	4.55%
CFAGX Commerce MidCap Growth Fund	4.11%	1.58%	11.77%	17.74%	-20.31%	19.12%	23.78%	34.41%	-4.55%	23.39%

Correlation

The correlation between CFBNX and CFAGX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	-0.12

The correlation between CFBNX and CFAGX shifts across timeframes, from -0.12 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CFBNX vs. CFAGX — Risk / Return Rank

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

CFBNX

CFBNX Risk / Return Rank: 21
CFBNX Sharpe Ratio Rank: 23
CFBNX Sortino Ratio Rank: 23
CFBNX Omega Ratio Rank: 21
CFBNX Calmar Ratio Rank: 22
CFBNX Martin Ratio Rank: 19

CFAGX

CFAGX Risk / Return Rank: 3
CFAGX Sharpe Ratio Rank: 3
CFAGX Sortino Ratio Rank: 3
CFAGX Omega Ratio Rank: 3
CFAGX Calmar Ratio Rank: 3
CFAGX Martin Ratio Rank: 3

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.

CFBNX vs. CFAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commerce Bond Fund (CFBNX) and Commerce MidCap Growth Fund (CFAGX). 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.

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.

	CFBNX	CFAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.00	-0.00	+1.00
Sortino ratio: Return per unit of downside risk	1.47	0.10	+1.37
Omega ratio: Gain probability vs. loss probability	1.17	1.01	+0.16
Calmar ratio: Return relative to maximum drawdown	1.26	-0.00	+1.26
Martin ratio: Return relative to average drawdown	3.37	-0.01	+3.38

CFBNX vs. CFAGX - Sharpe Ratio Comparison

The current CFBNX Sharpe Ratio is 1.00, which is higher than the CFAGX Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of CFBNX and CFAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CFBNX vs. CFAGX - Drawdown Comparison

The maximum CFBNX drawdown since its inception was -17.90%, smaller than the maximum CFAGX drawdown of -61.05%. Use the drawdown chart below to compare losses from any high point for CFBNX and CFAGX.

Drawdown Indicators

	CFBNX	CFAGX	Difference
Max Drawdown Largest peak-to-trough decline	-17.90%	-61.05%	+43.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	-12.87%	+9.89%
Max Drawdown (3Y) Largest decline over 3 years	-5.72%	-21.16%	+15.44%
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	-28.99%	+11.09%
Max Drawdown (10Y) Largest decline over 10 years	-17.90%	-34.23%	+16.33%
Current Drawdown Current decline from peak	-2.16%	-2.58%	+0.42%
Average Drawdown Average peak-to-trough decline	-2.11%	-14.85%	+12.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	4.91%	-3.80%

Volatility

CFBNX vs. CFAGX - Volatility Comparison

The current volatility for Commerce Bond Fund (CFBNX) is 1.16%, while Commerce MidCap Growth Fund (CFAGX) has a volatility of 4.44%. This indicates that CFBNX experiences smaller price fluctuations and is considered to be less risky than CFAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFBNX	CFAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	4.44%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	2.94%	11.76%	-8.82%
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	14.66%	-10.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.57%	18.50%	-12.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	18.46%	-13.75%

CFBNX vs. CFAGX - Expense Ratio Comparison

CFBNX has a 0.60% expense ratio, which is lower than CFAGX's 0.71% expense ratio.

Dividends

CFBNX vs. CFAGX - Dividend Comparison

CFBNX's dividend yield for the trailing twelve months is around 3.66%, less than CFAGX's 23.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFAGX Commerce MidCap Growth Fund	23.91%	24.89%	10.80%	6.77%	2.00%	19.35%	4.23%	6.59%	10.81%	7.05%	5.27%	8.83%
CFBNX Commerce Bond Fund	3.66%	3.54%	2.94%	2.67%	2.40%	3.02%	2.71%	3.14%	3.25%	3.23%	3.40%	3.52%

Frequently Asked Questions

Can I hold both CFBNX and CFAGX in my portfolio?

CFBNX and CFAGX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFBNX or CFAGX?

CFAGX has higher volatility (4.44%) compared to CFBNX (1.16%). In terms of maximum drawdown, CFBNX dropped -17.90% vs CFAGX's -61.05%.

Which has better risk-adjusted returns?

CFBNX currently has the higher Sharpe Ratio (1.00 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.