Catalyst/Millburn Hedge Strategy Fund (MBXAX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MBXAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MBXAX
MBXAX charges 2.18% annually. There are 54 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | MBXAX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | MBXAX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | MBXAX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | MBXAX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | MBXAX vs JAAAX |
Best Risk-Adjusted Alternatives to MBXAX
MBXAX has a PortfoliosLab risk / return rank of 89. There are 29 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | MBXAX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | MBXAX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | MBXAX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | MBXAX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | MBXAX vs ADAIX |
Top Performing MBXAX Alternatives (YTD)
MBXAX is at 12.74% YTD. There are 7 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | MBXAX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | MBXAX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | MBXAX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | MBXAX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | MBXAX vs QSPRX |
Lowest Volatility Alternatives to MBXAX
MBXAX has 6.87% 1-year volatility. There are 37 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | MBXAX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | MBXAX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | MBXAX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | MBXAX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | MBXAX vs MSTVX |
Lowest Drawdown Alternatives to MBXAX
MBXAX has a 1-year max drawdown of -3.89%. There are 35 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | MBXAX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | MBXAX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | MBXAX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | MBXAX vs ADANX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | MBXAX vs FSLTX |
Other Mutual Funds from Catalyst Mutual Funds
The 10 most viewed Catalyst Mutual Funds mutual funds shown here include MBXIX, ATRFX, CLPAX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | Multistrategy, Systematic Trend, Global Equities | 90 | 12.91% | — | Dec 1996 | MBXAX vs MBXIX | |
| Catalyst Systematic Alpha Class I | Multistrategy | 11 | -2.88% | — | Jul 2014 | MBXAX vs ATRFX | |
| Catalyst Nasdaq-100 Hedged Equity Fund | Derivative Income | 21 | 7.57% | — | Dec 2013 | MBXAX vs CLPAX | |
| Catalyst/SMH Total Return Income Fund | Diversified Portfolio | 15 | 3.37% | — | May 2008 | MBXAX vs TRIFX | |
| Catalyst/SMH High Income Fund | High Yield Bonds | 74 | 2.92% | — | May 2008 | MBXAX vs HIIFX | |
| Catalyst/CIFC Floating Rate Income Fund | Bank Loan | 70 | 0.95% | — | Dec 2012 | MBXAX vs CFRIX | |
| Catalyst Insider Buying Fund | Large Cap Growth Equities | 8 | 8.16% | — | Jul 2011 | MBXAX vs INSAX | |
| Catalyst Energy Infrastructure Fund | Infrastructure Equities, Energy Equities | 24 | 32.37% | — | Dec 2014 | MBXAX vs MLXIX | |
| Catalyst Dynamic Alpha Fund | Large Cap Growth Equities | 28 | 15.79% | — | Dec 2011 | MBXAX vs CPEAX | |
| Catalyst/MAP Global Balanced Fund | Global Allocation | 68 | 5.95% | — | Jul 2011 | MBXAX vs TRXAX |
Often Compared With MBXAX
Investors most often compare MBXAX with SPY, AIVSX, AIQ. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare MBXAX with Any Fund or Stock
Compare MBXAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MBXAX with funds that move differently
Catalyst/Millburn Hedge Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MBXAX.
Explore MBXAX Diversifiers