SMVTX vs. MCSFX
SMVTX (Virtus Ceredex Mid-Cap Value Equity Fund) and MCSFX (MFS Commodity Strategy Fund) are both mutual funds - SMVTX is a Mid Cap Value Equities fund managed by Virtus, while MCSFX is a Commodities fund managed by MFS. Over the past 5 years, SMVTX returned 10.99%/yr vs 9.15%/yr for MCSFX. Their 0.23 correlation means their historical movements had little consistent relationship. SMVTX charges 0.99%/yr vs 1.89%/yr for MCSFX.
Performance
SMVTX vs. MCSFX - Performance Comparison
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Returns By Period
In the year-to-date period, SMVTX achieves a 16.78% return, which is significantly lower than MCSFX's 18.89% return.
SMVTX
- 1D
- 0.22%
- 1M
- -3.73%
- 6M
- 7.60%
- YTD
- 16.78%
- 1Y
- 29.69%
- 3Y*
- 19.34%
- 5Y*
- 10.99%
- 10Y*
- 11.68%
- ALL TIME*
- 10.05%
MCSFX
- 1D
- -0.23%
- 1M
- 5.68%
- 6M
- 12.34%
- YTD
- 18.89%
- 1Y
- 32.47%
- 3Y*
- 11.84%
- 5Y*
- 9.15%
- 10Y*
- —
- ALL TIME*
- 8.74%
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 |
SMVTX vs. MCSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund | 16.78% | 17.58% | 18.93% | 10.94% | -13.89% | 29.15% | -1.19% | 15.84% |
MCSFX MFS Commodity Strategy Fund | 18.89% | 17.09% | 4.32% | -7.25% | 12.27% | 26.40% | -1.34% | -1.69% |
Correlation
The correlation between SMVTX and MCSFX is 0.06, 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. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019 | 0.23 |
The correlation between SMVTX and MCSFX shifts across timeframes, from 0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMVTX vs. MCSFX — Risk / Return Rank
SMVTX
MCSFX
SMVTX vs. MCSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) and MFS Commodity Strategy Fund (MCSFX). 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.
| SMVTX | MCSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.53 | +0.92 |
| Martin ratioReturn relative to average drawdown | 11.24 | 7.87 | +3.37 |
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Drawdowns
SMVTX vs. MCSFX - Drawdown Comparison
The maximum SMVTX drawdown since its inception was -54.72%, which is greater than MCSFX's maximum drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for SMVTX and MCSFX.
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Drawdown Indicators
| SMVTX | MCSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.72% | -37.16% | -17.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -12.77% | +4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -12.77% | -11.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -37.16% | +11.72% |
Max Drawdown (10Y)Largest decline over 10 years | -45.45% | — | — |
Current DrawdownCurrent decline from peak | -6.81% | -7.36% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -18.06% | +9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 4.09% | -1.61% |
Volatility
SMVTX vs. MCSFX - Volatility Comparison
The current volatility for Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) is 3.95%, while MFS Commodity Strategy Fund (MCSFX) has a volatility of 4.23%. This indicates that SMVTX experiences smaller price fluctuations and is considered to be less risky than MCSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMVTX | MCSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 4.23% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 12.97% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 16.25% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.54% | 34.10% | -13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 29.31% | -8.71% |
SMVTX vs. MCSFX - Expense Ratio Comparison
SMVTX has a 0.99% expense ratio, which is lower than MCSFX's 1.89% expense ratio.
Dividends
SMVTX vs. MCSFX - Dividend Comparison
SMVTX's dividend yield for the trailing twelve months is around 14.95%, more than MCSFX's 12.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCSFX MFS Commodity Strategy Fund | 12.66% | 15.05% | 2.25% | 1.04% | 26.24% | 54.80% | 0.15% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% |
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund | 14.95% | 16.44% | 15.96% | 1.16% | 6.75% | 18.53% | 2.52% | 5.82% | 14.47% | 20.86% | 3.61% | 7.05% |
Frequently Asked Questions
SMVTX and MCSFX 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.
MCSFX has higher volatility (4.23%) compared to SMVTX (3.95%). In terms of maximum drawdown, SMVTX dropped -54.72% vs MCSFX's -37.16%.
MCSFX currently has the higher Sharpe Ratio (2.00 vs 1.70), 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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