MIEIX vs. MCSTX
MIEIX (MFS International Equity Fund Class R6) and MCSTX (MFS Commodity Strategy Fund Class R4) are both mutual funds - MIEIX is a Foreign Large Cap Equities fund managed by MFS, while MCSTX is a Commodities fund tracking the Bloomberg Commodity Index Total Return. Over the past 5 years, MIEIX returned 8.16%/yr vs 10.22%/yr for MCSTX. Their 0.24 correlation means their historical movements had little consistent relationship. MIEIX charges 0.64%/yr vs 0.91%/yr for MCSTX.
Performance
MIEIX vs. MCSTX - Performance Comparison
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Returns By Period
In the year-to-date period, MIEIX achieves a 8.45% return, which is significantly lower than MCSTX's 19.39% return.
MIEIX
- 1D
- -0.20%
- 1M
- 3.46%
- 6M
- 6.20%
- YTD
- 8.45%
- 1Y
- 17.67%
- 3Y*
- 12.79%
- 5Y*
- 8.16%
- 10Y*
- 10.31%
- ALL TIME*
- 8.22%
MCSTX
- 1D
- -0.23%
- 1M
- 5.90%
- 6M
- 12.83%
- YTD
- 19.39%
- 1Y
- 33.57%
- 3Y*
- 12.95%
- 5Y*
- 10.22%
- 10Y*
- —
- ALL TIME*
- 9.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MIEIX vs. MCSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIEIX MFS International Equity Fund Class R6 | 8.45% | 23.22% | 4.13% | 19.06% | -14.82% | 15.13% | 11.11% | 14.19% |
MCSTX MFS Commodity Strategy Fund Class R4 | 19.39% | 18.51% | 5.09% | -6.15% | 13.37% | 27.60% | -0.21% | -1.04% |
Correlation
The correlation between MIEIX and MCSTX is -0.03, 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. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019 | 0.24 |
The correlation between MIEIX and MCSTX shifts across timeframes, from -0.03 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MIEIX vs. MCSTX — Risk / Return Rank
MIEIX
MCSTX
MIEIX vs. MCSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Equity Fund Class R6 (MIEIX) and MFS Commodity Strategy Fund Class R4 (MCSTX). 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.
| MIEIX | MCSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.62 | -1.13 |
| Martin ratioReturn relative to average drawdown | 5.42 | 8.27 | -2.85 |
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Drawdowns
MIEIX vs. MCSTX - Drawdown Comparison
The maximum MIEIX drawdown since its inception was -53.13%, which is greater than MCSTX's maximum drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for MIEIX and MCSTX.
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Drawdown Indicators
| MIEIX | MCSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.13% | -37.67% | -15.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -12.72% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.43% | -12.72% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -28.07% | -37.67% | +9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -31.35% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -7.11% | +6.91% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -17.28% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 4.03% | -0.93% |
Volatility
MIEIX vs. MCSTX - Volatility Comparison
The current volatility for MFS International Equity Fund Class R6 (MIEIX) is 3.74%, while MFS Commodity Strategy Fund Class R4 (MCSTX) has a volatility of 4.28%. This indicates that MIEIX experiences smaller price fluctuations and is considered to be less risky than MCSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIEIX | MCSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 4.28% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 12.97% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.29% | 16.23% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 34.65% | -19.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 29.74% | -14.07% |
MIEIX vs. MCSTX - Expense Ratio Comparison
MIEIX has a 0.64% expense ratio, which is lower than MCSTX's 0.91% expense ratio.
Dividends
MIEIX vs. MCSTX - Dividend Comparison
MIEIX's dividend yield for the trailing twelve months is around 2.47%, less than MCSTX's 13.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCSTX MFS Commodity Strategy Fund Class R4 | 13.47% | 16.08% | 3.30% | 2.21% | 27.44% | 56.14% | 0.87% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% |
MIEIX MFS International Equity Fund Class R6 | 2.47% | 2.68% | 1.47% | 1.67% | 1.26% | 5.40% | 1.00% | 3.12% | 1.63% | 1.85% | 1.78% | 1.71% |
Frequently Asked Questions
MIEIX and MCSTX 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.
MCSTX has higher volatility (4.28%) compared to MIEIX (3.74%). In terms of maximum drawdown, MIEIX dropped -53.13% vs MCSTX's -37.67%.
MCSTX currently has the higher Sharpe Ratio (2.07 vs 1.27), 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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