MGIAX vs. CCRV
MGIAX (MFS International Intrinsic Value Fund) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both funds - MGIAX is a Foreign Large Cap Equities fund managed by MFS, while CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index. At a 0.19 correlation, their price movements are largely independent. MGIAX charges 0.96%/yr vs 0.40%/yr for CCRV.
Performance
MGIAX vs. CCRV - Performance Comparison
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Returns By Period
MGIAX
- 1D
- 0.11%
- 1M
- 0.28%
- YTD
- 6.10%
- 6M
- 5.47%
- 1Y
- 20.93%
- 3Y*
- 17.21%
- 5Y*
- 7.49%
- 10Y*
- 10.40%
CCRV
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MGIAX vs. CCRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MGIAX MFS International Intrinsic Value Fund | 6.10% | 32.75% | 7.07% | 17.76% | -23.24% | 10.25% | 7.66% |
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 5.74% | 5.47% | 19.91% | 33.78% | 7.16% |
Correlation
The correlation between MGIAX and CCRV is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | 0.19 |
The correlation between MGIAX and CCRV shifts across timeframes, from -0.06 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MGIAX vs. CCRV — Risk / Return Rank
MGIAX
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MGIAX vs. CCRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Intrinsic Value Fund (MGIAX) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.
| MGIAX | CCRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | — | — |
| Martin ratioReturn relative to average drawdown | 5.92 | — | — |
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Drawdowns
MGIAX vs. CCRV - Drawdown Comparison
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Drawdown Indicators
| MGIAX | CCRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.13% | — | — |
Current DrawdownCurrent decline from peak | -3.32% | — | — |
Average DrawdownAverage peak-to-trough decline | -8.62% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | — | — |
Volatility
MGIAX vs. CCRV - Volatility Comparison
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Volatility by Period
| MGIAX | CCRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | — | — |
MGIAX vs. CCRV - Expense Ratio Comparison
MGIAX has a 0.96% expense ratio, which is higher than CCRV's 0.40% expense ratio.
Dividends
MGIAX vs. CCRV - Dividend Comparison
MGIAX's dividend yield for the trailing twelve months is around 7.81%, while CCRV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGIAX MFS International Intrinsic Value Fund | 7.81% | 8.28% | 12.79% | 11.81% | 14.57% | 7.59% | 5.30% | 3.89% | 4.41% | 2.48% | 1.62% | 3.10% |
Frequently Asked Questions
MGIAX and CCRV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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