CFVLX vs. ADC

Last updated Jun 4, 2026

CFVLX (Commerce Value Fund) is Large Cap Value Equities fund managed by Commerce, while ADC (Agree Realty Corporation) is a stock. Over the past 10 years, CFVLX returned 9.99%/yr vs 9.63%/yr for ADC. At a 0.35 correlation, their price movements are largely independent.

Performance

CFVLX vs. ADC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Commerce Value Fund (CFVLX) and Agree Realty Corporation (ADC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFVLX achieves a 10.36% return, which is significantly higher than ADC's 1.77% return. Both investments have delivered pretty close results over the past 10 years, with CFVLX having a 9.99% annualized return and ADC not far behind at 9.63%.

CFVLX

• 1D: 1.06%
• 1M: 1.24%
• YTD: 10.36%
• 6M: 10.45%
• 1Y: 21.92%
• 3Y*: 14.35%
• 5Y*: 7.62%
• 10Y*: 9.99%

ADC

• 1D: -0.89%
• 1M: -4.88%
• YTD: 1.77%
• 6M: -1.21%
• 1Y: 0.57%
• 3Y*: 8.22%
• 5Y*: 4.50%
• 10Y*: 9.63%

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

CFVLX vs. ADC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFVLX Commerce Value Fund	10.36%	12.08%	11.28%	3.22%	-2.93%	24.74%	0.85%	24.03%	-3.22%	12.94%
ADC Agree Realty Corporation	1.77%	6.62%	17.20%	-7.07%	3.50%	11.28%	-1.40%	22.71%	19.75%	16.42%

Correlation

The correlation between CFVLX and ADC is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Mar 3, 1997	0.35

The correlation between CFVLX and ADC shifts across timeframes, from 0.25 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CFVLX vs. ADC — Risk / Return Rank

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

CFVLX

CFVLX Risk / Return Rank: 59
CFVLX Sharpe Ratio Rank: 57
CFVLX Sortino Ratio Rank: 59
CFVLX Omega Ratio Rank: 51
CFVLX Calmar Ratio Rank: 66
CFVLX Martin Ratio Rank: 63

ADC

ADC Risk / Return Rank: 38
ADC Sharpe Ratio Rank: 41
ADC Sortino Ratio Rank: 33
ADC Omega Ratio Rank: 33
ADC Calmar Ratio Rank: 41
ADC Martin Ratio Rank: 41

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.

CFVLX vs. ADC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commerce Value Fund (CFVLX) and Agree Realty Corporation (ADC). 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.

	CFVLX	ADC	Difference
Sharpe ratio Return per unit of total volatility	2.22	0.04	+2.19
Sortino ratio Return per unit of downside risk	3.23	0.17	+3.06
Omega ratio Gain probability vs. loss probability	1.39	1.02	+0.37
Calmar ratio Return relative to maximum drawdown	3.14	0.05	+3.09
Martin ratio Return relative to average drawdown	12.47	0.13	+12.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFVLX vs. ADC - Sharpe Ratio Comparison

The current CFVLX Sharpe Ratio is 2.22, which is higher than the ADC Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of CFVLX and ADC, 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

	CFVLX	ADC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	0.04	+2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.24	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.41	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.38	0.00

Drawdowns

CFVLX vs. ADC - Drawdown Comparison

The maximum CFVLX drawdown since its inception was -58.89%, smaller than the maximum ADC drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for CFVLX and ADC.

Drawdown Indicators

	CFVLX	ADC	Difference
Max Drawdown Largest peak-to-trough decline	-58.89%	-70.25%	+11.36%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-11.14%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-14.55%	-21.08%	+6.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.86%	-29.52%	+11.66%
Max Drawdown (10Y) Largest decline over 10 years	-35.70%	-39.00%	+3.30%
Current Drawdown Current decline from peak	-1.13%	-11.14%	+10.01%
Average Drawdown Average peak-to-trough decline	-9.30%	-9.64%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	4.37%	-2.55%

Volatility

CFVLX vs. ADC - Volatility Comparison

The current volatility for Commerce Value Fund (CFVLX) is 3.06%, while Agree Realty Corporation (ADC) has a volatility of 3.87%. This indicates that CFVLX experiences smaller price fluctuations and is considered to be less risky than ADC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFVLX	ADC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	3.87%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	12.04%	-3.97%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	15.92%	-5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	18.79%	-4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	23.64%	-7.02%

Dividends

CFVLX vs. ADC - Dividend Comparison

CFVLX's dividend yield for the trailing twelve months is around 10.50%, more than ADC's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADC Agree Realty Corporation	4.35%	4.28%	4.26%	4.64%	3.95%	3.65%	3.61%	3.25%	3.65%	3.94%	4.17%	5.43%
CFVLX Commerce Value Fund	10.50%	12.19%	8.28%	6.41%	8.52%	5.20%	2.70%	7.40%	13.10%	13.15%	4.32%	3.12%

Frequently Asked Questions

Can I hold both CFVLX and ADC in my portfolio?

CFVLX and ADC have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFVLX or ADC?

ADC has higher volatility (3.87%) compared to CFVLX (3.06%). In terms of maximum drawdown, CFVLX dropped -58.89% vs ADC's -70.25%.

Which has better risk-adjusted returns?

CFVLX currently has the higher Sharpe Ratio (2.22 vs 0.04), 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.