MCFIX vs. MOFIX

Last updated Apr 2, 2026

Compare and contrast key facts about Mercer Core Fixed Income Fund (MCFIX) and Mercer Opportunistic Fixed Income Fund (MOFIX).

MCFIX is managed by Mercer Funds. It was launched on Aug 15, 2005. MOFIX is managed by Mercer Funds. It was launched on Aug 20, 2013.

Performance

MCFIX vs. MOFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mercer Core Fixed Income Fund (MCFIX) and Mercer Opportunistic Fixed Income Fund (MOFIX). The values are adjusted to include any dividend payments, if applicable.

MCFIX vs. MOFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MCFIX Mercer Core Fixed Income Fund	-0.88%	6.64%	2.02%	6.47%	-13.69%	-1.05%	4.75%	3.41%
MOFIX Mercer Opportunistic Fixed Income Fund	-2.59%	8.60%	2.23%	12.22%	-11.57%	-1.15%	5.31%	3.18%

Returns By Period

In the year-to-date period, MCFIX achieves a -0.88% return, which is significantly higher than MOFIX's -2.59% return.

MCFIX

• 1D: 0.23%
• 1M: -1.88%
• YTD: -0.88%
• 6M: -0.58%
• 1Y: 2.54%
• 3Y*: 3.62%
• 5Y*: 0.17%
• 10Y*: —

MOFIX

• 1D: 0.36%
• 1M: -2.13%
• YTD: -2.59%
• 6M: -1.99%
• 1Y: 3.35%
• 3Y*: 5.19%
• 5Y*: 1.73%
• 10Y*: —

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

MCFIX vs. MOFIX - Expense Ratio Comparison

MCFIX has a 0.16% expense ratio, which is lower than MOFIX's 0.44% expense ratio.

MOFIX

Mercer Opportunistic Fixed Income Fund

MCFIX

Mercer Core Fixed Income Fund

Return for Risk

MCFIX vs. MOFIX — Risk / Return Rank

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

MCFIX

MCFIX Risk / Return Rank: 34
MCFIX Sharpe Ratio Rank: 23
MCFIX Sortino Ratio Rank: 21
MCFIX Omega Ratio Rank: 17
MCFIX Calmar Ratio Rank: 66
MCFIX Martin Ratio Rank: 43

MOFIX

MOFIX Risk / Return Rank: 45
MOFIX Sharpe Ratio Rank: 51
MOFIX Sortino Ratio Rank: 41
MOFIX Omega Ratio Rank: 55
MOFIX Calmar Ratio Rank: 37
MOFIX Martin Ratio Rank: 39

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.

MCFIX vs. MOFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mercer Core Fixed Income Fund (MCFIX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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.

	MCFIX	MOFIX	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.06	-0.37
Sortino ratio Return per unit of downside risk	1.01	1.40	-0.39
Omega ratio Gain probability vs. loss probability	1.13	1.24	-0.11
Calmar ratio Return relative to maximum drawdown	1.73	1.17	+0.57
Martin ratio Return relative to average drawdown	5.00	4.67	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCFIX vs. MOFIX - Sharpe Ratio Comparison

The current MCFIX Sharpe Ratio is 0.70, which is lower than the MOFIX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of MCFIX and MOFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MCFIX	MOFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.06	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.25	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.30	-0.15

Correlation

The correlation between MCFIX and MOFIX is 0.55, 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

MCFIX vs. MOFIX - Dividend Comparison

MCFIX's dividend yield for the trailing twelve months is around 4.30%, more than MOFIX's 3.41% yield.

	TTM	2025	2024	2023	2022	2021
MCFIX Mercer Core Fixed Income Fund	4.30%	3.89%	4.54%	3.68%	3.31%	2.45%
MOFIX Mercer Opportunistic Fixed Income Fund	3.41%	3.32%	6.91%	6.44%	3.81%	4.20%

Drawdowns

MCFIX vs. MOFIX - Drawdown Comparison

The maximum MCFIX drawdown since its inception was -21.68%, which is greater than MOFIX's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for MCFIX and MOFIX.

Drawdown Indicators

	MCFIX	MOFIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.68%	-19.96%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.09%	-3.52%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-18.72%	-19.00%	+0.28%
Current Drawdown Current decline from peak	-5.87%	-3.05%	-2.82%
Average Drawdown Average peak-to-trough decline	-8.61%	-5.26%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	0.88%	+0.19%

Volatility

MCFIX vs. MOFIX - Volatility Comparison

Mercer Core Fixed Income Fund (MCFIX) and Mercer Opportunistic Fixed Income Fund (MOFIX) have volatilities of 1.54% and 1.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCFIX	MOFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	1.48%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	2.12%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	4.81%	3.87%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.01%	7.25%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.16%	7.25%	-1.09%