MCSFX vs. CCSZX

Last updated Aug 4, 2026

MCSFX (MFS Commodity Strategy Fund) and CCSZX (Columbia Commodity Strategy Fund) are both Commodities funds. Over the past 5 years, MCSFX returned 9.15%/yr vs 11.93%/yr for CCSZX. Their 0.96 correlation means they have historically moved very closely together. MCSFX charges 1.89%/yr vs 0.86%/yr for CCSZX.

Performance

MCSFX vs. CCSZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Commodity Strategy Fund (MCSFX) and Columbia Commodity Strategy Fund (CCSZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCSFX achieves a 18.89% return, which is significantly lower than CCSZX's 27.43% 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%

CCSZX

• 1D: 0.08%
• 1M: 6.51%
• 6M: 19.90%
• YTD: 27.43%
• 1Y: 40.78%
• 3Y*: 14.20%
• 5Y*: 11.93%
• 10Y*: 8.11%
• ALL TIME*: 2.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CCSZX Columbia Commodity Strategy Fund	$0.00	$0.00	$0.00
MCSFX MFS Commodity Strategy Fund	$0.00	$0.00	$0.00

MCSFX vs. CCSZX - 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%
CCSZX Columbia Commodity Strategy Fund	27.43%	15.36%	7.11%	-6.90%	15.80%	31.34%	-1.17%	0.42%

Correlation

The correlation between MCSFX and CCSZX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019	0.96

The correlation between MCSFX and CCSZX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

MCSFX vs. CCSZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MCSFX

MCSFX Risk / Return Rank: 72
MCSFX Sharpe Ratio Rank: 82
MCSFX Sortino Ratio Rank: 74
MCSFX Omega Ratio Rank: 76
MCSFX Calmar Ratio Rank: 73
MCSFX Martin Ratio Rank: 54

CCSZX

CCSZX Risk / Return Rank: 88
CCSZX Sharpe Ratio Rank: 93
CCSZX Sortino Ratio Rank: 85
CCSZX Omega Ratio Rank: 86
CCSZX Calmar Ratio Rank: 89
CCSZX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MCSFX vs. CCSZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSFX) and Columbia Commodity Strategy Fund (CCSZX). 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	CCSZX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.42	-0.42
Sortino ratio: Return per unit of downside risk	2.60	3.07	-0.47
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	2.53	3.39	-0.87
Martin ratio: Return relative to average drawdown	7.87	11.47	-3.61

MCSFX vs. CCSZX - Sharpe Ratio Comparison

The current MCSFX Sharpe Ratio is 2.00, which is comparable to the CCSZX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of MCSFX and CCSZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MCSFX vs. CCSZX - Drawdown Comparison

The maximum MCSFX drawdown since its inception was -37.16%, smaller than the maximum CCSZX drawdown of -61.34%. Use the drawdown chart below to compare losses from any high point for MCSFX and CCSZX.

Drawdown Indicators

	MCSFX	CCSZX	Difference
Max Drawdown Largest peak-to-trough decline	-37.16%	-61.34%	+24.18%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-11.97%	-0.80%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-11.97%	-0.80%
Max Drawdown (5Y) Largest decline over 5 years	-37.16%	-27.86%	-9.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.16%	—
Current Drawdown Current decline from peak	-7.36%	-5.20%	-2.16%
Average Drawdown Average peak-to-trough decline	-18.06%	-31.09%	+13.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	3.57%	+0.52%

Volatility

MCSFX vs. CCSZX - Volatility Comparison

MFS Commodity Strategy Fund (MCSFX) has a higher volatility of 4.23% compared to Columbia Commodity Strategy Fund (CCSZX) at 3.54%. This indicates that MCSFX's price experiences larger fluctuations and is considered to be riskier than CCSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCSFX	CCSZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	3.54%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	14.10%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	16.91%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.10%	16.86%	+17.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.31%	14.88%	+14.43%

MCSFX vs. CCSZX - Expense Ratio Comparison

MCSFX has a 1.89% expense ratio, which is higher than CCSZX's 0.86% expense ratio.

Dividends

MCSFX vs. CCSZX - Dividend Comparison

MCSFX's dividend yield for the trailing twelve months is around 12.66%, more than CCSZX's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCSZX Columbia Commodity Strategy Fund	2.35%	3.00%	8.84%	4.42%	94.73%	36.39%	0.13%	1.09%	18.52%	0.09%
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%

Frequently Asked Questions

Can I hold both MCSFX and CCSZX in my portfolio?

With a correlation of 0.93, MCSFX and CCSZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MCSFX or CCSZX?

MCSFX has higher volatility (4.23%) compared to CCSZX (3.54%). In terms of maximum drawdown, MCSFX dropped -37.16% vs CCSZX's -61.34%.

Which has better risk-adjusted returns?

CCSZX currently has the higher Sharpe Ratio (2.42 vs 2.00), 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.