MCFIX vs. MSCGX
MCFIX (Mercer Core Fixed Income Fund) and MSCGX (Mercer US Small/Mid Cap Equity Fund) are both mutual funds - MCFIX is a Intermediate Core-Plus Bond fund managed by Mercer Funds, while MSCGX is a Small Cap Blend Equities fund managed by Mercer Funds. Over the past 5 years, MCFIX returned -0.77%/yr vs 7.26%/yr for MSCGX. Their 0.09 correlation means their historical movements had little consistent relationship. MCFIX charges 0.16%/yr vs 0.48%/yr for MSCGX.
Performance
MCFIX vs. MSCGX - Performance Comparison
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Returns By Period
In the year-to-date period, MCFIX achieves a -2.67% return, which is significantly lower than MSCGX's 16.04% return.
MCFIX
- 1D
- -0.23%
- 1M
- -1.47%
- 6M
- -2.34%
- YTD
- -2.67%
- 1Y
- -0.19%
- 3Y*
- 3.37%
- 5Y*
- -0.77%
- 10Y*
- —
- ALL TIME*
- 0.56%
MSCGX
- 1D
- -0.08%
- 1M
- -0.92%
- 6M
- 10.56%
- YTD
- 16.04%
- 1Y
- 22.40%
- 3Y*
- 13.35%
- 5Y*
- 7.26%
- 10Y*
- —
- ALL TIME*
- 9.79%
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 |
MCFIX vs. MSCGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | -2.67% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
MSCGX Mercer US Small/Mid Cap Equity Fund | 16.04% | 6.52% | 13.39% | 15.35% | -16.91% | 24.32% | 12.40% | 5.34% |
Correlation
The correlation between MCFIX and MSCGX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.09 |
Over the past year, MCFIX and MSCGX have become more correlated (0.38) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
MCFIX vs. MSCGX — Risk / Return Rank
MCFIX
MSCGX
MCFIX vs. MSCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer Core Fixed Income Fund (MCFIX) and Mercer US Small/Mid Cap Equity Fund (MSCGX). 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.
| MCFIX | MSCGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.27 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.69 | -2.74 |
| Martin ratioReturn relative to average drawdown | -0.12 | 9.68 | -9.80 |
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Drawdowns
MCFIX vs. MSCGX - Drawdown Comparison
The maximum MCFIX drawdown since its inception was -21.68%, smaller than the maximum MSCGX drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for MCFIX and MSCGX.
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Drawdown Indicators
| MCFIX | MSCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -41.30% | +19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -9.22% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.27% | -24.28% | +19.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.64% | -35.66% | +17.02% |
Current DrawdownCurrent decline from peak | -7.57% | -1.83% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -12.47% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.48% | -0.74% |
Volatility
MCFIX vs. MSCGX - Volatility Comparison
The current volatility for Mercer Core Fixed Income Fund (MCFIX) is 1.04%, while Mercer US Small/Mid Cap Equity Fund (MSCGX) has a volatility of 3.09%. This indicates that MCFIX experiences smaller price fluctuations and is considered to be less risky than MSCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCFIX | MSCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 3.09% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 11.57% | -8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 15.88% | -11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 23.78% | -17.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 25.27% | -19.20% |
MCFIX vs. MSCGX - Expense Ratio Comparison
MCFIX has a 0.16% expense ratio, which is lower than MSCGX's 0.48% expense ratio.
Dividends
MCFIX vs. MSCGX - Dividend Comparison
MCFIX's dividend yield for the trailing twelve months is around 4.38%, less than MSCGX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | 4.38% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% |
MSCGX Mercer US Small/Mid Cap Equity Fund | 6.64% | 7.71% | 10.73% | 3.77% | 8.42% | 20.40% |
Frequently Asked Questions
MCFIX and MSCGX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSCGX has higher volatility (3.09%) compared to MCFIX (1.04%). In terms of maximum drawdown, MCFIX dropped -21.68% vs MSCGX's -41.30%.
MSCGX currently has the higher Sharpe Ratio (1.56 vs -0.05), 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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