CFMOX vs. CFAGX
CFMOX (Commerce Missouri Tax-Free Intermediate Bond Fund) and CFAGX (Commerce MidCap Growth Fund) are both mutual funds - CFMOX is a Municipal Bonds fund managed by Commerce, while CFAGX is a Mid Cap Growth Equities fund managed by Commerce. Over the past 10 years, CFMOX returned 1.46%/yr vs 9.88%/yr for CFAGX. Their -0.06 correlation means they have often moved in opposite directions in the past. CFMOX charges 0.63%/yr vs 0.71%/yr for CFAGX.
Performance
CFMOX vs. CFAGX - Performance Comparison
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Returns By Period
In the year-to-date period, CFMOX achieves a -0.72% return, which is significantly lower than CFAGX's 2.17% return. Over the past 10 years, CFMOX has underperformed CFAGX with an annualized return of 1.46%, while CFAGX has yielded a comparatively higher 9.88% annualized return.
CFMOX
- 1D
- -0.11%
- 1M
- -2.02%
- 6M
- -1.51%
- YTD
- -0.72%
- 1Y
- 3.22%
- 3Y*
- 2.68%
- 5Y*
- 0.31%
- 10Y*
- 1.46%
- ALL TIME*
- 3.40%
CFAGX
- 1D
- 0.05%
- 1M
- -3.26%
- 6M
- 2.88%
- YTD
- 2.17%
- 1Y
- -1.61%
- 3Y*
- 6.94%
- 5Y*
- 2.55%
- 10Y*
- 9.88%
- ALL TIME*
- 7.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CFMOX vs. CFAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFMOX Commerce Missouri Tax-Free Intermediate Bond Fund | -0.72% | 5.33% | 0.38% | 4.87% | -7.32% | 0.69% | 3.87% | 6.12% | 0.81% | 4.51% |
CFAGX Commerce MidCap Growth Fund | 2.17% | 1.58% | 11.77% | 17.74% | -20.31% | 19.12% | 23.78% | 34.41% | -4.55% | 23.39% |
Correlation
The correlation between CFMOX and CFAGX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | -0.06 |
The correlation between CFMOX and CFAGX shifts across timeframes, from -0.06 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CFMOX vs. CFAGX — Risk / Return Rank
CFMOX
CFAGX
CFMOX vs. CFAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) 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.
| CFMOX | CFAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.98 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -0.23 | +1.47 |
| Martin ratioReturn relative to average drawdown | 3.62 | -0.61 | +4.23 |
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Drawdowns
CFMOX vs. CFAGX - Drawdown Comparison
The maximum CFMOX drawdown since its inception was -12.14%, smaller than the maximum CFAGX drawdown of -61.05%. Use the drawdown chart below to compare losses from any high point for CFMOX and CFAGX.
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Drawdown Indicators
| CFMOX | CFAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -61.05% | +48.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -12.85% | +9.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -21.16% | +16.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.10% | -28.99% | +16.89% |
Max Drawdown (10Y)Largest decline over 10 years | -12.14% | -34.23% | +22.09% |
Current DrawdownCurrent decline from peak | -2.50% | -4.40% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -14.83% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 4.94% | -3.95% |
Volatility
CFMOX vs. CFAGX - Volatility Comparison
The current volatility for Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) is 0.90%, while Commerce MidCap Growth Fund (CFAGX) has a volatility of 4.75%. This indicates that CFMOX 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.
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Volatility by Period
| CFMOX | CFAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 4.75% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 11.92% | -9.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 14.93% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 18.52% | -15.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.34% | 18.48% | -15.14% |
CFMOX vs. CFAGX - Expense Ratio Comparison
CFMOX has a 0.63% expense ratio, which is lower than CFAGX's 0.71% expense ratio.
Dividends
CFMOX vs. CFAGX - Dividend Comparison
CFMOX's dividend yield for the trailing twelve months is around 2.44%, less than CFAGX's 24.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFAGX Commerce MidCap Growth Fund | 24.36% | 24.89% | 10.80% | 6.77% | 2.00% | 19.35% | 4.23% | 6.59% | 10.81% | 7.05% | 5.27% | 8.83% |
CFMOX Commerce Missouri Tax-Free Intermediate Bond Fund | 2.44% | 3.41% | 2.16% | 2.11% | 1.60% | 1.78% | 1.84% | 2.33% | 2.44% | 2.48% | 2.46% | 2.43% |
Frequently Asked Questions
CFMOX and CFAGX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CFAGX has higher volatility (4.75%) compared to CFMOX (0.90%). In terms of maximum drawdown, CFMOX dropped -12.14% vs CFAGX's -61.05%.
CFMOX currently has the higher Sharpe Ratio (1.51 vs -0.20), 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.
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