MCSTX vs. CCSZX

Last updated Jun 4, 2026

MCSTX (MFS Commodity Strategy Fund Class R4) and CCSZX (Columbia Commodity Strategy Fund) are both Commodities funds. Over the past 5 years, MCSTX returned 11.83%/yr vs 13.19%/yr for CCSZX. With a 0.97 correlation, they move nearly in lockstep. MCSTX charges 0.91%/yr vs 0.86%/yr for CCSZX.

Performance

MCSTX vs. CCSZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Commodity Strategy Fund Class R4 (MCSTX) 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, MCSTX achieves a 24.65% return, which is significantly lower than CCSZX's 29.96% return.

MCSTX

• 1D: 0.45%
• 1M: -2.17%
• YTD: 24.65%
• 6M: 25.11%
• 1Y: 39.46%
• 3Y*: 17.20%
• 5Y*: 11.83%
• 10Y*: —

CCSZX

• 1D: 0.31%
• 1M: -1.83%
• YTD: 29.96%
• 6M: 29.38%
• 1Y: 42.95%
• 3Y*: 18.18%
• 5Y*: 13.19%
• 10Y*: 7.81%

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

MCSTX vs. CCSZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MCSTX MFS Commodity Strategy Fund Class R4	24.65%	18.51%	5.09%	-6.15%	13.37%	27.60%	-0.21%	-1.04%
CCSZX Columbia Commodity Strategy Fund	29.96%	15.36%	7.11%	-6.90%	15.80%	31.34%	-1.17%	-0.03%

Correlation

The correlation between MCSTX and CCSZX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.97

The correlation between MCSTX and CCSZX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

MCSTX vs. CCSZX — Risk / Return Rank

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

MCSTX

MCSTX Risk / Return Rank: 75
MCSTX Sharpe Ratio Rank: 76
MCSTX Sortino Ratio Rank: 57
MCSTX Omega Ratio Rank: 68
MCSTX Calmar Ratio Rank: 91
MCSTX Martin Ratio Rank: 84

CCSZX

CCSZX Risk / Return Rank: 79
CCSZX Sharpe Ratio Rank: 81
CCSZX Sortino Ratio Rank: 60
CCSZX Omega Ratio Rank: 70
CCSZX Calmar Ratio Rank: 96
CCSZX Martin Ratio Rank: 89

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.

MCSTX vs. CCSZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Commodity Strategy Fund Class R4 (MCSTX) 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.

	MCSTX	CCSZX	Difference
Sharpe ratio Return per unit of total volatility	2.55	2.64	-0.09
Sortino ratio Return per unit of downside risk	3.19	3.26	-0.07
Omega ratio Gain probability vs. loss probability	1.46	1.47	-0.01
Calmar ratio Return relative to maximum drawdown	4.90	6.38	-1.49
Martin ratio Return relative to average drawdown	15.83	17.57	-1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCSTX vs. CCSZX - Sharpe Ratio Comparison

The current MCSTX Sharpe Ratio is 2.55, which is comparable to the CCSZX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of MCSTX 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.

Sharpe Ratios by Period

	MCSTX	CCSZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.64	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.78	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.16	+0.19

Drawdowns

MCSTX vs. CCSZX - Drawdown Comparison

The maximum MCSTX drawdown since its inception was -37.67%, smaller than the maximum CCSZX drawdown of -61.34%. Use the drawdown chart below to compare losses from any high point for MCSTX and CCSZX.

Drawdown Indicators

	MCSTX	CCSZX	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-61.34%	+23.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.17%	-6.83%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-9.77%	-11.17%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-37.67%	-27.86%	-9.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.16%	—
Current Drawdown Current decline from peak	-3.02%	-3.31%	+0.29%
Average Drawdown Average peak-to-trough decline	-17.49%	-31.36%	+13.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.48%	+0.04%

Volatility

MCSTX vs. CCSZX - Volatility Comparison

The current volatility for MFS Commodity Strategy Fund Class R4 (MCSTX) is 4.64%, while Columbia Commodity Strategy Fund (CCSZX) has a volatility of 5.55%. This indicates that MCSTX experiences smaller price fluctuations and is considered to be less risky than CCSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCSTX	CCSZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	5.55%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	13.54%	14.46%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	16.61%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.70%	16.97%	+17.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.00%	14.93%	+15.07%

MCSTX vs. CCSZX - Expense Ratio Comparison

MCSTX has a 0.91% expense ratio, which is higher than CCSZX's 0.86% expense ratio.

Dividends

MCSTX vs. CCSZX - Dividend Comparison

MCSTX's dividend yield for the trailing twelve months is around 12.90%, more than CCSZX's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCSZX Columbia Commodity Strategy Fund	2.31%	3.00%	8.84%	4.42%	94.73%	36.39%	0.13%	1.09%	18.52%	0.09%
MCSTX MFS Commodity Strategy Fund Class R4	12.90%	16.08%	3.30%	2.21%	27.44%	56.14%	0.87%	1.87%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MCSTX and CCSZX in my portfolio?

With a correlation of 0.96, MCSTX 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, MCSTX or CCSZX?

CCSZX has higher volatility (5.55%) compared to MCSTX (4.64%). In terms of maximum drawdown, MCSTX dropped -37.67% vs CCSZX's -61.34%.

Which has better risk-adjusted returns?

CCSZX currently has the higher Sharpe Ratio (2.64 vs 2.55), 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.