KTXIX vs. CFGRX
KTXIX (Commerce Kansas Tax-Free Intermediate Bond Fund) and CFGRX (Commerce Growth Fund) are both mutual funds - KTXIX is a Municipal Bonds fund managed by Commerce, while CFGRX is a Large Cap Growth Equities fund managed by Commerce. Over the past 10 years, KTXIX returned 1.41%/yr vs 16.18%/yr for CFGRX. At a correlation of -0.10, they often move in opposite directions. KTXIX charges 0.70%/yr vs 0.68%/yr for CFGRX.
Performance
KTXIX vs. CFGRX - Performance Comparison
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Returns By Period
In the year-to-date period, KTXIX achieves a 0.65% return, which is significantly lower than CFGRX's 2.56% return. Over the past 10 years, KTXIX has underperformed CFGRX with an annualized return of 1.41%, while CFGRX has yielded a comparatively higher 16.18% annualized return.
KTXIX
- 1D
- -0.05%
- 1M
- 1.15%
- YTD
- 0.65%
- 6M
- 0.99%
- 1Y
- 4.99%
- 3Y*
- 3.07%
- 5Y*
- 0.52%
- 10Y*
- 1.41%
CFGRX
- 1D
- -1.22%
- 1M
- -3.04%
- YTD
- 2.56%
- 6M
- 1.36%
- 1Y
- 14.64%
- 3Y*
- 19.33%
- 5Y*
- 11.68%
- 10Y*
- 16.18%
KTXIX vs. CFGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KTXIX Commerce Kansas Tax-Free Intermediate Bond Fund | 0.65% | 5.32% | 0.39% | 4.05% | -7.55% | 0.23% | 4.32% | 5.79% | 0.95% | 3.95% |
CFGRX Commerce Growth Fund | 2.56% | 12.40% | 31.15% | 36.39% | -26.57% | 26.50% | 28.96% | 35.60% | -1.04% | 27.57% |
Correlation
The correlation between KTXIX and CFGRX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2000 | -0.10 |
The correlation between KTXIX and CFGRX shifts across timeframes, from -0.10 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KTXIX vs. CFGRX — Risk / Return Rank
KTXIX
CFGRX
KTXIX vs. CFGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Kansas Tax-Free Intermediate Bond Fund (KTXIX) and Commerce Growth Fund (CFGRX). 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.
| KTXIX | CFGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.21 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.15 | +0.62 |
| Martin ratioReturn relative to average drawdown | 5.57 | 4.10 | +1.47 |
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Drawdowns
KTXIX vs. CFGRX - Drawdown Comparison
The maximum KTXIX drawdown since its inception was -12.47%, smaller than the maximum CFGRX drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for KTXIX and CFGRX.
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Drawdown Indicators
| KTXIX | CFGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.47% | -66.01% | +53.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -13.88% | +11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.60% | -21.60% | +16.00% |
Max Drawdown (5Y)Largest decline over 5 years | -12.47% | -29.51% | +17.04% |
Max Drawdown (10Y)Largest decline over 10 years | -12.47% | -31.59% | +19.12% |
Current DrawdownCurrent decline from peak | -1.02% | -5.26% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -21.12% | +19.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 3.88% | -2.97% |
Volatility
KTXIX vs. CFGRX - Volatility Comparison
The current volatility for Commerce Kansas Tax-Free Intermediate Bond Fund (KTXIX) is 0.62%, while Commerce Growth Fund (CFGRX) has a volatility of 5.02%. This indicates that KTXIX experiences smaller price fluctuations and is considered to be less risky than CFGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KTXIX | CFGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 5.02% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 11.19% | -9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 14.03% | -11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 19.43% | -16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 19.27% | -16.02% |
KTXIX vs. CFGRX - Expense Ratio Comparison
KTXIX has a 0.70% expense ratio, which is higher than CFGRX's 0.68% expense ratio.
Dividends
KTXIX vs. CFGRX - Dividend Comparison
KTXIX's dividend yield for the trailing twelve months is around 2.67%, less than CFGRX's 19.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFGRX Commerce Growth Fund | 19.14% | 19.63% | 10.50% | 4.53% | 7.17% | 21.20% | 4.09% | 5.91% | 10.50% | 5.74% | 6.05% | 11.93% |
KTXIX Commerce Kansas Tax-Free Intermediate Bond Fund | 2.67% | 3.38% | 2.19% | 2.02% | 1.49% | 1.53% | 1.67% | 2.31% | 2.23% | 2.19% | 2.19% | 2.18% |
Frequently Asked Questions
KTXIX and CFGRX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CFGRX has higher volatility (5.02%) compared to KTXIX (0.62%). In terms of maximum drawdown, KTXIX dropped -12.47% vs CFGRX's -66.01%.
KTXIX currently has the higher Sharpe Ratio (2.39 vs 1.14), 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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