MCSRX vs. MDIJX

Last updated Jun 24, 2026

MCSRX (MFS Commodity Strategy Fund) and MDIJX (MFS International Diversification Fund) are both mutual funds - MCSRX is a Commodities fund tracking the Bloomberg Commodity Index, while MDIJX is a Foreign Large Cap Equities fund managed by MFS. Over the past 10 years, MCSRX returned 6.59%/yr vs 10.42%/yr for MDIJX. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.82% expense ratio.

Performance

MCSRX vs. MDIJX - Performance Comparison

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

Returns By Period

In the year-to-date period, MCSRX achieves a 15.51% return, which is significantly higher than MDIJX's 10.05% return. Over the past 10 years, MCSRX has underperformed MDIJX with an annualized return of 6.59%, while MDIJX has yielded a comparatively higher 10.42% annualized return.

MCSRX

• 1D: -0.71%
• 1M: -7.33%
• YTD: 15.51%
• 6M: 13.93%
• 1Y: 25.03%
• 3Y*: 13.39%
• 5Y*: 10.48%
• 10Y*: 6.59%

MDIJX

• 1D: -0.13%
• 1M: 1.87%
• YTD: 10.05%
• 6M: 9.81%
• 1Y: 23.07%
• 3Y*: 16.30%
• 5Y*: 7.38%
• 10Y*: 10.42%

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

MCSRX vs. MDIJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCSRX MFS Commodity Strategy Fund	15.51%	18.63%	5.18%	-6.07%	13.19%	27.96%	-0.36%	7.80%	-12.77%	3.83%
MDIJX MFS International Diversification Fund	10.05%	27.84%	6.41%	14.37%	-17.12%	7.69%	15.26%	26.00%	-11.05%	30.29%

Correlation

The correlation between MCSRX and MDIJX is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.29

Over the past year, the correlation between MCSRX and MDIJX has dropped to 0.07 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Return for Risk

MCSRX vs. MDIJX — Risk / Return Rank

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

MCSRX

MCSRX Risk / Return Rank: 35
MCSRX Sharpe Ratio Rank: 32
MCSRX Sortino Ratio Rank: 27
MCSRX Omega Ratio Rank: 31
MCSRX Calmar Ratio Rank: 42
MCSRX Martin Ratio Rank: 44

MDIJX

MDIJX Risk / Return Rank: 39
MDIJX Sharpe Ratio Rank: 43
MDIJX Sortino Ratio Rank: 41
MDIJX Omega Ratio Rank: 44
MDIJX Calmar Ratio Rank: 33
MDIJX Martin Ratio Rank: 37

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.

MCSRX vs. MDIJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSRX) and MFS International Diversification Fund (MDIJX). 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.

	MCSRX	MDIJX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.78	-0.29
Sortino ratio: Return per unit of downside risk	1.98	2.48	-0.50
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	2.36	2.04	+0.31
Martin ratio: Return relative to average drawdown	8.78	7.68	+1.10

MCSRX vs. MDIJX - Sharpe Ratio Comparison

The current MCSRX Sharpe Ratio is 1.49, which is comparable to the MDIJX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of MCSRX and MDIJX, 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

MCSRX vs. MDIJX - Drawdown Comparison

The maximum MCSRX drawdown since its inception was -72.07%, which is greater than MDIJX's maximum drawdown of -56.60%. Use the drawdown chart below to compare losses from any high point for MCSRX and MDIJX.

Drawdown Indicators

	MCSRX	MDIJX	Difference
Max Drawdown Largest peak-to-trough decline	-72.07%	-56.60%	-15.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-11.40%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-10.13%	-12.57%	+2.44%
Max Drawdown (5Y) Largest decline over 5 years	-37.76%	-30.19%	-7.57%
Max Drawdown (10Y) Largest decline over 10 years	-72.07%	-30.19%	-41.88%
Current Drawdown Current decline from peak	-23.72%	-0.20%	-23.52%
Average Drawdown Average peak-to-trough decline	-41.77%	-9.08%	-32.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	3.03%	-0.15%

Volatility

MCSRX vs. MDIJX - Volatility Comparison

The current volatility for MFS Commodity Strategy Fund (MCSRX) is 3.61%, while MFS International Diversification Fund (MDIJX) has a volatility of 4.89%. This indicates that MCSRX experiences smaller price fluctuations and is considered to be less risky than MDIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCSRX	MDIJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	4.89%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	11.02%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	13.12%	+2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.75%	14.34%	+20.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.92%	14.70%	+45.22%

MCSRX vs. MDIJX - Expense Ratio Comparison

Both MCSRX and MDIJX have an expense ratio of 0.82%.

Dividends

MCSRX vs. MDIJX - Dividend Comparison

MCSRX's dividend yield for the trailing twelve months is around 14.00%, more than MDIJX's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCSRX MFS Commodity Strategy Fund	14.00%	16.18%	3.39%	2.30%	27.57%	56.15%	0.91%	1.88%	3.50%	3.13%	0.61%	0.47%
MDIJX MFS International Diversification Fund	4.70%	5.17%	3.50%	4.14%	2.64%	2.70%	1.64%	2.50%	3.14%	1.63%	2.18%	1.69%

Frequently Asked Questions

Can I hold both MCSRX and MDIJX in my portfolio?

MCSRX and MDIJX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MCSRX or MDIJX?

MDIJX has higher volatility (4.89%) compared to MCSRX (3.61%). In terms of maximum drawdown, MCSRX dropped -72.07% vs MDIJX's -56.60%.

Which has better risk-adjusted returns?

MDIJX currently has the higher Sharpe Ratio (1.78 vs 1.49), 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.