MCSIX vs. VLUE
MCSIX (MFS Commodity Strategy Fund) and VLUE (iShares MSCI USA Value Factor ETF) are both funds - MCSIX is a Commodities fund managed by MFS, while VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index. Over the past 10 years, MCSIX returned 6.49%/yr vs 14.61%/yr for VLUE. At a 0.24 correlation, their price movements are largely independent. MCSIX charges 0.90%/yr vs 0.15%/yr for VLUE.
Performance
MCSIX vs. VLUE - Performance Comparison
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Returns By Period
In the year-to-date period, MCSIX achieves a 15.47% return, which is significantly lower than VLUE's 42.84% return. Over the past 10 years, MCSIX has underperformed VLUE with an annualized return of 6.49%, while VLUE has yielded a comparatively higher 14.61% annualized return.
MCSIX
- 1D
- -0.24%
- 1M
- -2.79%
- 6M
- 10.58%
- YTD
- 15.47%
- 1Y
- 26.14%
- 3Y*
- 13.04%
- 5Y*
- 10.10%
- 10Y*
- 6.49%
VLUE
- 1D
- -0.81%
- 1M
- -1.97%
- 6M
- 35.91%
- YTD
- 42.84%
- 1Y
- 71.66%
- 3Y*
- 30.17%
- 5Y*
- 16.30%
- 10Y*
- 14.61%
MCSIX vs. VLUE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCSIX MFS Commodity Strategy Fund | 15.47% | 18.47% | 5.08% | -6.13% | 13.40% | 27.55% | -0.02% | 7.79% | -12.79% | 3.65% |
VLUE iShares MSCI USA Value Factor ETF | 42.84% | 32.67% | 7.25% | 14.26% | -14.17% | 28.93% | -0.23% | 27.20% | -11.13% | 21.95% |
Correlation
The correlation between MCSIX and VLUE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | 0.24 |
Over the past year, the correlation between MCSIX and VLUE has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
MCSIX vs. VLUE — Risk / Return Rank
MCSIX
VLUE
MCSIX vs. VLUE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSIX) and iShares MSCI USA Value Factor ETF (VLUE). 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.
| MCSIX | VLUE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.62 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 7.97 | -5.82 |
| Martin ratioReturn relative to average drawdown | 7.33 | 30.40 | -23.07 |
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Drawdowns
MCSIX vs. VLUE - Drawdown Comparison
The maximum MCSIX drawdown since its inception was -64.20%, which is greater than VLUE's maximum drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for MCSIX and VLUE.
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Drawdown Indicators
| MCSIX | VLUE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.20% | -39.47% | -24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -9.04% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -17.89% | +5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.61% | -27.12% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | -37.61% | -39.47% | +1.86% |
Current DrawdownCurrent decline from peak | -10.11% | -5.28% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -33.12% | -5.99% | -27.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.37% | +1.34% |
Volatility
MCSIX vs. VLUE - Volatility Comparison
The current volatility for MFS Commodity Strategy Fund (MCSIX) is 3.92%, while iShares MSCI USA Value Factor ETF (VLUE) has a volatility of 8.95%. This indicates that MCSIX experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCSIX | VLUE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 8.95% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 16.91% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 19.82% | -3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.61% | 18.26% | +16.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.01% | 19.97% | +6.04% |
MCSIX vs. VLUE - Expense Ratio Comparison
MCSIX has a 0.90% expense ratio, which is higher than VLUE's 0.15% expense ratio.
Dividends
MCSIX vs. VLUE - Dividend Comparison
MCSIX's dividend yield for the trailing twelve months is around 13.89%, more than VLUE's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCSIX MFS Commodity Strategy Fund | 13.89% | 16.04% | 3.30% | 2.21% | 27.42% | 56.01% | 0.88% | 1.87% | 3.50% | 3.14% | 0.61% | 0.47% |
VLUE iShares MSCI USA Value Factor ETF | 1.45% | 2.11% | 2.73% | 2.66% | 3.18% | 2.22% | 2.42% | 2.61% | 2.70% | 2.14% | 2.07% | 2.39% |
Frequently Asked Questions
MCSIX and VLUE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLUE has higher volatility (8.95%) compared to MCSIX (3.92%). In terms of maximum drawdown, MCSIX dropped -64.20% vs VLUE's -39.47%.
VLUE currently has the higher Sharpe Ratio (3.64 vs 1.70), 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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