MCSIX vs. AVDV

Last updated Apr 1, 2026

Compare and contrast key facts about MFS Commodity Strategy Fund (MCSIX) and Avantis International Small Cap Value ETF (AVDV).

MCSIX is managed by MFS. It was launched on Jun 1, 2010. AVDV is an actively managed fund by Avantis. It was launched on Sep 24, 2019.

Performance

MCSIX vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Commodity Strategy Fund (MCSIX) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

MCSIX vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MCSIX MFS Commodity Strategy Fund	20.44%	18.47%	5.08%	-6.13%	13.40%	27.55%	-0.02%	2.89%
AVDV Avantis International Small Cap Value ETF	6.39%	49.37%	8.67%	16.85%	-11.47%	15.80%	5.01%	12.05%

Returns By Period

In the year-to-date period, MCSIX achieves a 20.44% return, which is significantly higher than AVDV's 6.39% return.

MCSIX

• 1D: 0.46%
• 1M: 7.13%
• YTD: 20.44%
• 6M: 27.27%
• 1Y: 30.89%
• 3Y*: 13.89%
• 5Y*: 13.85%
• 10Y*: 8.18%

AVDV

• 1D: 3.37%
• 1M: -9.19%
• YTD: 6.39%
• 6M: 14.02%
• 1Y: 48.30%
• 3Y*: 24.07%
• 5Y*: 13.38%
• 10Y*: —

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

MCSIX vs. AVDV - Expense Ratio Comparison

MCSIX has a 0.90% expense ratio, which is higher than AVDV's 0.36% expense ratio.

MCSIX

MFS Commodity Strategy Fund

AVDV

Avantis International Small Cap Value ETF

Return for Risk

MCSIX vs. AVDV — Risk / Return Rank

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

MCSIX

MCSIX Risk / Return Rank: 90
MCSIX Sharpe Ratio Rank: 91
MCSIX Sortino Ratio Rank: 88
MCSIX Omega Ratio Rank: 86
MCSIX Calmar Ratio Rank: 95
MCSIX Martin Ratio Rank: 89

AVDV

AVDV Risk / Return Rank: 96
AVDV Sharpe Ratio Rank: 97
AVDV Sortino Ratio Rank: 96
AVDV Omega Ratio Rank: 97
AVDV Calmar Ratio Rank: 94
AVDV Martin Ratio Rank: 95

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.

MCSIX vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSIX) and Avantis International Small Cap Value ETF (AVDV). 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.

	MCSIX	AVDV	Difference
Sharpe ratio Return per unit of total volatility	1.90	2.64	-0.74
Sortino ratio Return per unit of downside risk	2.41	3.33	-0.92
Omega ratio Gain probability vs. loss probability	1.35	1.55	-0.19
Calmar ratio Return relative to maximum drawdown	3.27	3.54	-0.26
Martin ratio Return relative to average drawdown	9.88	14.87	-4.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCSIX vs. AVDV - Sharpe Ratio Comparison

The current MCSIX Sharpe Ratio is 1.90, which is comparable to the AVDV Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of MCSIX and AVDV, 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

	MCSIX	AVDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.64	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.78	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.74	-0.63

Correlation

The correlation between MCSIX and AVDV is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MCSIX vs. AVDV - Dividend Comparison

MCSIX's dividend yield for the trailing twelve months is around 13.32%, more than AVDV's 2.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCSIX MFS Commodity Strategy Fund	13.32%	16.04%	3.30%	2.21%	27.42%	56.01%	0.88%	1.87%	3.50%	3.14%	0.61%	0.47%
AVDV Avantis International Small Cap Value ETF	2.99%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MCSIX vs. AVDV - Drawdown Comparison

The maximum MCSIX drawdown since its inception was -64.20%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for MCSIX and AVDV.

Drawdown Indicators

	MCSIX	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-64.20%	-43.01%	-21.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.74%	-13.19%	+3.45%
Max Drawdown (5Y) Largest decline over 5 years	-37.61%	-28.08%	-9.53%
Max Drawdown (10Y) Largest decline over 10 years	-37.61%	—	—
Current Drawdown Current decline from peak	-1.58%	-9.19%	+7.61%
Average Drawdown Average peak-to-trough decline	-33.63%	-6.88%	-26.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	3.14%	+0.09%

Volatility

MCSIX vs. AVDV - Volatility Comparison

The current volatility for MFS Commodity Strategy Fund (MCSIX) is 6.29%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 7.89%. This indicates that MCSIX experiences smaller price fluctuations and is considered to be less risky than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCSIX	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	7.89%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	12.07%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.72%	18.40%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.64%	17.14%	+17.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.03%	19.76%	+6.27%