CFBNX vs. CFNLX
Compare and contrast key facts about Commerce Bond Fund (CFBNX) and Commerce National Tax-Free Intermediate Bond Fund (CFNLX).
CFBNX is managed by Commerce. It was launched on Dec 12, 1994. CFNLX is managed by Commerce. It was launched on Feb 20, 1995.
Performance
CFBNX vs. CFNLX - Performance Comparison
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CFBNX vs. CFNLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFBNX Commerce Bond Fund | -0.57% | 7.12% | 1.52% | 5.97% | -13.30% | -0.56% | 7.15% | 8.97% | -0.58% | 4.55% |
CFNLX Commerce National Tax-Free Intermediate Bond Fund | -0.86% | 6.09% | 0.70% | 4.83% | -7.39% | 0.40% | 4.68% | 6.81% | 0.80% | 4.81% |
Returns By Period
In the year-to-date period, CFBNX achieves a -0.57% return, which is significantly higher than CFNLX's -0.86% return. Over the past 10 years, CFBNX has outperformed CFNLX with an annualized return of 1.98%, while CFNLX has yielded a comparatively lower 1.79% annualized return.
CFBNX
- 1D
- 0.50%
- 1M
- -2.44%
- YTD
- -0.57%
- 6M
- 0.37%
- 1Y
- 3.73%
- 3Y*
- 3.60%
- 5Y*
- 0.28%
- 10Y*
- 1.98%
CFNLX
- 1D
- 0.11%
- 1M
- -2.95%
- YTD
- -0.86%
- 6M
- 0.84%
- 1Y
- 4.29%
- 3Y*
- 2.78%
- 5Y*
- 0.77%
- 10Y*
- 1.79%
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CFBNX vs. CFNLX - Expense Ratio Comparison
CFBNX has a 0.60% expense ratio, which is higher than CFNLX's 0.59% expense ratio.
Return for Risk
CFBNX vs. CFNLX — Risk / Return Rank
CFBNX
CFNLX
CFBNX vs. CFNLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Bond Fund (CFBNX) and Commerce National Tax-Free Intermediate Bond Fund (CFNLX). 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.
| CFBNX | CFNLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.29 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.75 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.37 | +0.29 |
Martin ratioReturn relative to average drawdown | 5.01 | 5.44 | -0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CFBNX | CFNLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.29 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.24 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.54 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.24 | -0.17 |
Correlation
The correlation between CFBNX and CFNLX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CFBNX vs. CFNLX - Dividend Comparison
CFBNX's dividend yield for the trailing twelve months is around 3.29%, more than CFNLX's 2.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFBNX Commerce Bond Fund | 3.29% | 3.54% | 2.94% | 2.67% | 2.40% | 3.02% | 2.71% | 3.14% | 3.25% | 3.23% | 3.40% | 3.52% |
CFNLX Commerce National Tax-Free Intermediate Bond Fund | 2.79% | 3.64% | 2.36% | 2.08% | 1.63% | 2.43% | 1.94% | 2.65% | 2.38% | 2.31% | 2.25% | 2.19% |
Drawdowns
CFBNX vs. CFNLX - Drawdown Comparison
The maximum CFBNX drawdown since its inception was -17.90%, which is greater than CFNLX's maximum drawdown of -12.24%. Use the drawdown chart below to compare losses from any high point for CFBNX and CFNLX.
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Drawdown Indicators
| CFBNX | CFNLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -12.24% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.86% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -12.24% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -17.90% | -12.24% | -5.66% |
Current DrawdownCurrent decline from peak | -2.44% | -2.95% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -1.56% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.97% | 0.00% |
Volatility
CFBNX vs. CFNLX - Volatility Comparison
Commerce Bond Fund (CFBNX) has a higher volatility of 1.61% compared to Commerce National Tax-Free Intermediate Bond Fund (CFNLX) at 0.98%. This indicates that CFBNX's price experiences larger fluctuations and is considered to be riskier than CFNLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFBNX | CFNLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 0.98% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 1.52% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 3.96% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.53% | 3.25% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 3.34% | +1.34% |