CFGRX vs. CFAGX

Last updated Jun 4, 2026

CFGRX (Commerce Growth Fund) and CFAGX (Commerce MidCap Growth Fund) are both mutual funds - CFGRX is a Large Cap Growth Equities fund managed by Commerce, while CFAGX is a Mid Cap Growth Equities fund managed by Commerce. Over the past 10 years, CFGRX returned 16.48%/yr vs 10.48%/yr for CFAGX. Their correlation of 0.90 suggests significant overlap in exposure. CFGRX charges 0.68%/yr vs 0.71%/yr for CFAGX.

Performance

CFGRX vs. CFAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Commerce Growth Fund (CFGRX) 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, CFGRX achieves a 7.92% return, which is significantly higher than CFAGX's 4.58% return. Over the past 10 years, CFGRX has outperformed CFAGX with an annualized return of 16.48%, while CFAGX has yielded a comparatively lower 10.48% annualized return.

CFGRX

• 1D: -0.31%
• 1M: 6.81%
• YTD: 7.92%
• 6M: 7.18%
• 1Y: 21.56%
• 3Y*: 22.10%
• 5Y*: 13.80%
• 10Y*: 16.48%

CFAGX

• 1D: -0.50%
• 1M: 2.64%
• YTD: 4.58%
• 6M: 3.00%
• 1Y: 2.52%
• 3Y*: 10.15%
• 5Y*: 4.55%
• 10Y*: 10.48%

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

CFGRX vs. CFAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFGRX Commerce Growth Fund	7.92%	12.40%	31.15%	36.39%	-26.57%	26.50%	28.96%	35.60%	-1.04%	27.57%
CFAGX Commerce MidCap Growth Fund	4.58%	1.58%	11.77%	17.74%	-20.31%	19.12%	23.78%	34.41%	-4.55%	23.39%

Correlation

The correlation between CFGRX and CFAGX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.90

The correlation between CFGRX and CFAGX shifts across timeframes, from 0.72 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CFGRX vs. CFAGX — Risk / Return Rank

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

CFGRX

CFGRX Risk / Return Rank: 28
CFGRX Sharpe Ratio Rank: 34
CFGRX Sortino Ratio Rank: 31
CFGRX Omega Ratio Rank: 32
CFGRX Calmar Ratio Rank: 19
CFGRX Martin Ratio Rank: 24

CFAGX

CFAGX Risk / Return Rank: 4
CFAGX Sharpe Ratio Rank: 4
CFAGX Sortino Ratio Rank: 4
CFAGX Omega Ratio Rank: 4
CFAGX Calmar Ratio Rank: 4
CFAGX 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.

CFGRX vs. CFAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commerce Growth Fund (CFGRX) 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.

	CFGRX	CFAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	0.23	+1.44
Sortino ratio: Return per unit of downside risk	2.32	0.43	+1.89
Omega ratio: Gain probability vs. loss probability	1.30	1.05	+0.25
Calmar ratio: Return relative to maximum drawdown	1.60	0.25	+1.35
Martin ratio: Return relative to average drawdown	5.91	0.67	+5.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFGRX vs. CFAGX - Sharpe Ratio Comparison

The current CFGRX Sharpe Ratio is 1.67, which is higher than the CFAGX Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of CFGRX 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.

Sharpe Ratios by Period

	CFGRX	CFAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	0.23	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.25	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.57	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.37	+0.09

Drawdowns

CFGRX vs. CFAGX - Drawdown Comparison

The maximum CFGRX drawdown since its inception was -66.01%, which is greater than CFAGX's maximum drawdown of -61.05%. Use the drawdown chart below to compare losses from any high point for CFGRX and CFAGX.

Drawdown Indicators

	CFGRX	CFAGX	Difference
Max Drawdown Largest peak-to-trough decline	-66.01%	-61.05%	-4.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-12.87%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.60%	-21.16%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-29.51%	-28.99%	-0.52%
Max Drawdown (10Y) Largest decline over 10 years	-31.59%	-34.23%	+2.64%
Current Drawdown Current decline from peak	-0.31%	-2.14%	+1.83%
Average Drawdown Average peak-to-trough decline	-21.15%	-14.90%	-6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	4.84%	-1.08%

Volatility

CFGRX vs. CFAGX - Volatility Comparison

The current volatility for Commerce Growth Fund (CFGRX) is 3.00%, while Commerce MidCap Growth Fund (CFAGX) has a volatility of 3.45%. This indicates that CFGRX 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

	CFGRX	CFAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	3.45%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	11.07%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	14.18%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.34%	18.40%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	18.46%	+0.76%

CFGRX vs. CFAGX - Expense Ratio Comparison

CFGRX has a 0.68% expense ratio, which is lower than CFAGX's 0.71% expense ratio.

Dividends

CFGRX vs. CFAGX - Dividend Comparison

CFGRX's dividend yield for the trailing twelve months is around 18.19%, less than CFAGX's 23.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFAGX Commerce MidCap Growth Fund	23.80%	24.89%	10.80%	6.77%	2.00%	19.35%	4.23%	6.59%	10.81%	7.05%	5.27%	8.83%
CFGRX Commerce Growth Fund	18.19%	19.63%	10.50%	4.53%	7.17%	21.20%	4.09%	5.91%	10.50%	5.74%	6.05%	11.93%

Frequently Asked Questions

Can I hold both CFGRX and CFAGX in my portfolio?

CFGRX and CFAGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFGRX or CFAGX?

CFAGX has higher volatility (3.45%) compared to CFGRX (3.00%). In terms of maximum drawdown, CFGRX dropped -66.01% vs CFAGX's -61.05%.

Which has better risk-adjusted returns?

CFGRX currently has the higher Sharpe Ratio (1.67 vs 0.23), 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.