MCSFX vs. BSCFX
MCSFX (MFS Commodity Strategy Fund) and BSCFX (Baron Small Cap Fund) are both mutual funds - MCSFX is a Commodities fund managed by MFS, while BSCFX is a Small Cap Growth Equities fund managed by Baron Capital. Over the past 5 years, MCSFX returned 9.15%/yr vs 0.49%/yr for BSCFX. Their 0.15 correlation means their historical movements had little consistent relationship. MCSFX charges 1.89%/yr vs 1.29%/yr for BSCFX.
Performance
MCSFX vs. BSCFX - Performance Comparison
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Returns By Period
In the year-to-date period, MCSFX achieves a 18.89% return, which is significantly higher than BSCFX's 0.94% return.
MCSFX
- 1D
- -0.23%
- 1M
- 5.68%
- 6M
- 12.34%
- YTD
- 18.89%
- 1Y
- 32.47%
- 3Y*
- 11.84%
- 5Y*
- 9.15%
- 10Y*
- —
- ALL TIME*
- 8.74%
BSCFX
- 1D
- 0.40%
- 1M
- -3.68%
- 6M
- 0.68%
- YTD
- 0.94%
- 1Y
- -0.88%
- 3Y*
- 6.09%
- 5Y*
- 0.49%
- 10Y*
- 10.22%
- ALL TIME*
- 9.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BSCFX Baron Small Cap Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MCSFX vs. BSCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MCSFX MFS Commodity Strategy Fund | 18.89% | 17.09% | 4.32% | -7.25% | 12.27% | 26.40% | -1.34% | -1.69% |
BSCFX Baron Small Cap Fund | 0.94% | -0.92% | 13.11% | 26.90% | -31.19% | 15.42% | 40.38% | 9.57% |
Correlation
The correlation between MCSFX and BSCFX is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019 | 0.15 |
The correlation between MCSFX and BSCFX shifts across timeframes, from -0.08 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MCSFX vs. BSCFX — Risk / Return Rank
MCSFX
BSCFX
MCSFX vs. BSCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSFX) and Baron Small Cap Fund (BSCFX). 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.
| MCSFX | BSCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.99 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.15 | +2.68 |
| Martin ratioReturn relative to average drawdown | 7.87 | -0.37 | +8.24 |
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Drawdowns
MCSFX vs. BSCFX - Drawdown Comparison
The maximum MCSFX drawdown since its inception was -37.16%, smaller than the maximum BSCFX drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for MCSFX and BSCFX.
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Drawdown Indicators
| MCSFX | BSCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -55.59% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -15.00% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -26.91% | +14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.16% | -37.94% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.58% | — |
Current DrawdownCurrent decline from peak | -7.36% | -8.41% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -11.07% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 5.96% | -1.87% |
Volatility
MCSFX vs. BSCFX - Volatility Comparison
The current volatility for MFS Commodity Strategy Fund (MCSFX) is 4.23%, while Baron Small Cap Fund (BSCFX) has a volatility of 4.64%. This indicates that MCSFX experiences smaller price fluctuations and is considered to be less risky than BSCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCSFX | BSCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.64% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 13.83% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 18.24% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.10% | 22.44% | +11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.31% | 22.38% | +6.93% |
MCSFX vs. BSCFX - Expense Ratio Comparison
MCSFX has a 1.89% expense ratio, which is higher than BSCFX's 1.29% expense ratio.
Dividends
MCSFX vs. BSCFX - Dividend Comparison
MCSFX's dividend yield for the trailing twelve months is around 12.66%, more than BSCFX's 9.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCFX Baron Small Cap Fund | 9.84% | 9.50% | 13.96% | 3.04% | 5.90% | 12.47% | 11.17% | 9.60% | 10.91% | 13.57% | 22.41% | 12.56% |
MCSFX MFS Commodity Strategy Fund | 12.66% | 15.05% | 2.25% | 1.04% | 26.24% | 54.80% | 0.15% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MCSFX and BSCFX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCFX has higher volatility (4.64%) compared to MCSFX (4.23%). In terms of maximum drawdown, MCSFX dropped -37.16% vs BSCFX's -55.59%.
MCSFX currently has the higher Sharpe Ratio (2.00 vs -0.12), 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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