MCSRX vs. MITTX

Last updated Aug 1, 2026

MCSRX (MFS Commodity Strategy Fund) and MITTX (MFS Massachusetts Investors Trust) are both mutual funds - MCSRX is a Commodities fund tracking the Bloomberg Commodity Index, while MITTX is a Large Cap Blend Equities fund managed by MFS. Over the past 10 years, MCSRX returned 7.43%/yr vs 13.25%/yr for MITTX. Their 0.19 correlation means their historical movements had little consistent relationship. MCSRX charges 0.82%/yr vs 0.70%/yr for MITTX.

Performance

MCSRX vs. MITTX - Performance Comparison

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

Returns By Period

In the year-to-date period, MCSRX achieves a 19.67% return, which is significantly higher than MITTX's 8.24% return. Over the past 10 years, MCSRX has underperformed MITTX with an annualized return of 7.43%, while MITTX has yielded a comparatively higher 13.25% annualized return.

MCSRX

• 1D: -0.23%
• 1M: 6.14%
• 6M: 9.09%
• YTD: 19.67%
• 1Y: 34.01%
• 3Y*: 12.94%
• 5Y*: 10.36%
• 10Y*: 7.43%
• ALL TIME*: 1.76%

MITTX

• 1D: 1.66%
• 1M: 1.10%
• 6M: 5.46%
• YTD: 8.24%
• 1Y: 15.92%
• 3Y*: 15.27%
• 5Y*: 9.15%
• 10Y*: 13.25%
• ALL TIME*: 7.50%

*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)
MCSRX MFS Commodity Strategy Fund	$0.00	$0.00	$0.00
MITTX MFS Massachusetts Investors Trust	$0.00	$0.00	$0.00

MCSRX vs. MITTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCSRX MFS Commodity Strategy Fund	19.67%	18.63%	5.18%	-6.07%	13.19%	27.96%	-0.36%	7.80%	-12.77%	3.83%
MITTX MFS Massachusetts Investors Trust	8.24%	13.67%	19.69%	19.26%	-16.27%	26.73%	18.72%	31.92%	-5.56%	23.55%

Correlation

The correlation between MCSRX and MITTX is 0.01, 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.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (5Y) Shows whether the relationship held over a longer period.	0.14
Correlation (10Y) Provides a long-term view across more market conditions.	0.19
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.19

The correlation between MCSRX and MITTX shifts across timeframes, from 0.01 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MCSRX vs. MITTX — Risk / Return Rank

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

MCSRX

MCSRX Risk / Return Rank: 70
MCSRX Sharpe Ratio Rank: 79
MCSRX Sortino Ratio Rank: 70
MCSRX Omega Ratio Rank: 74
MCSRX Calmar Ratio Rank: 74
MCSRX Martin Ratio Rank: 55

MITTX

MITTX Risk / Return Rank: 39
MITTX Sharpe Ratio Rank: 40
MITTX Sortino Ratio Rank: 38
MITTX Omega Ratio Rank: 38
MITTX Calmar Ratio Rank: 34
MITTX Martin Ratio Rank: 43

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.

MCSRX vs. MITTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSRX) and MFS Massachusetts Investors Trust (MITTX). 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	MITTX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.16	+0.74
Sortino ratio: Return per unit of downside risk	2.47	1.65	+0.82
Omega ratio: Gain probability vs. loss probability	1.34	1.21	+0.13
Calmar ratio: Return relative to maximum drawdown	2.48	1.44	+1.04
Martin ratio: Return relative to average drawdown	7.80	6.05	+1.75

MCSRX vs. MITTX - Sharpe Ratio Comparison

The current MCSRX Sharpe Ratio is 1.90, which is higher than the MITTX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of MCSRX and MITTX, 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. MITTX - Drawdown Comparison

The maximum MCSRX drawdown since its inception was -72.07%, which is greater than MITTX's maximum drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for MCSRX and MITTX.

Drawdown Indicators

	MCSRX	MITTX	Difference
Max Drawdown Largest peak-to-trough decline	-72.07%	-49.54%	-22.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-9.76%	-2.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.50%	-16.10%	+3.60%
Max Drawdown (5Y) Largest decline over 5 years	-37.76%	-23.27%	-14.49%
Max Drawdown (10Y) Largest decline over 10 years	-72.07%	-33.45%	-38.62%
Current Drawdown Current decline from peak	-20.97%	-1.11%	-19.86%
Average Drawdown Average peak-to-trough decline	-41.62%	-10.51%	-31.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	2.32%	+1.68%

Volatility

MCSRX vs. MITTX - Volatility Comparison

MFS Commodity Strategy Fund (MCSRX) has a higher volatility of 4.35% compared to MFS Massachusetts Investors Trust (MITTX) at 3.18%. This indicates that MCSRX's price experiences larger fluctuations and is considered to be riskier than MITTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCSRX	MITTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	3.18%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	13.08%	9.44%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	12.09%	+4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.75%	15.79%	+18.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.89%	17.18%	+42.71%

MCSRX vs. MITTX - Expense Ratio Comparison

MCSRX has a 0.82% expense ratio, which is higher than MITTX's 0.70% expense ratio.

Dividends

MCSRX vs. MITTX - Dividend Comparison

MCSRX's dividend yield for the trailing twelve months is around 13.52%, more than MITTX's 11.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCSRX MFS Commodity Strategy Fund	13.52%	16.18%	3.39%	2.30%	27.57%	56.15%	0.91%	1.88%	3.50%	3.13%	0.61%	0.47%
MITTX MFS Massachusetts Investors Trust	11.01%	14.33%	14.47%	10.96%	9.35%	8.66%	8.14%	7.58%	13.49%	7.27%	5.55%	6.02%

Frequently Asked Questions

Can I hold both MCSRX and MITTX in my portfolio?

MCSRX and MITTX have a correlation of 0.01, 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 MITTX?

MCSRX has higher volatility (4.35%) compared to MITTX (3.18%). In terms of maximum drawdown, MCSRX dropped -72.07% vs MITTX's -49.54%.

Which has better risk-adjusted returns?

MCSRX currently has the higher Sharpe Ratio (1.90 vs 1.16), 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.