CFNLX vs. CFBNX
Compare and contrast key facts about Commerce National Tax-Free Intermediate Bond Fund (CFNLX) and Commerce Bond Fund (CFBNX).
CFNLX is managed by Commerce. It was launched on Feb 20, 1995. CFBNX is managed by Commerce. It was launched on Dec 12, 1994.
Performance
CFNLX vs. CFBNX - Performance Comparison
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CFNLX vs. CFBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CFBNX Commerce Bond Fund | -0.57% | 7.12% | 1.52% | 5.97% | -13.30% | -0.56% | 7.15% | 8.97% | -0.58% | 4.55% |
Returns By Period
In the year-to-date period, CFNLX achieves a -0.86% return, which is significantly lower than CFBNX's -0.57% return. Over the past 10 years, CFNLX has underperformed CFBNX with an annualized return of 1.79%, while CFBNX has yielded a comparatively higher 1.98% annualized return.
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%
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%
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CFNLX vs. CFBNX - Expense Ratio Comparison
CFNLX has a 0.59% expense ratio, which is lower than CFBNX's 0.60% expense ratio.
Return for Risk
CFNLX vs. CFBNX — Risk / Return Rank
CFNLX
CFBNX
CFNLX vs. CFBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce National Tax-Free Intermediate Bond Fund (CFNLX) and Commerce Bond Fund (CFBNX). 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.
| CFNLX | CFBNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.99 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.41 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.66 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.44 | 5.01 | +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
| CFNLX | CFBNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.99 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.05 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.42 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.07 | +0.17 |
Correlation
The correlation between CFNLX and CFBNX 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
CFNLX vs. CFBNX - Dividend Comparison
CFNLX's dividend yield for the trailing twelve months is around 2.79%, less than CFBNX's 3.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
CFNLX vs. CFBNX - Drawdown Comparison
The maximum CFNLX drawdown since its inception was -12.24%, smaller than the maximum CFBNX drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for CFNLX and CFBNX.
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Drawdown Indicators
| CFNLX | CFBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -17.90% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -2.93% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -12.24% | -17.90% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -12.24% | -17.90% | +5.66% |
Current DrawdownCurrent decline from peak | -2.95% | -2.44% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -2.11% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.97% | 0.00% |
Volatility
CFNLX vs. CFBNX - Volatility Comparison
The current volatility for Commerce National Tax-Free Intermediate Bond Fund (CFNLX) is 0.98%, while Commerce Bond Fund (CFBNX) has a volatility of 1.61%. This indicates that CFNLX experiences smaller price fluctuations and is considered to be less risky than CFBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFNLX | CFBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.61% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 2.55% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 4.34% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 5.53% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.34% | 4.68% | -1.34% |