Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) 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 MBXIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MBXIX
MBXIX charges 2.04% annually. There are 52 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 | MBXIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | MBXIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | MBXIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | MBXIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | MBXIX vs JAAAX |
Best Risk-Adjusted Alternatives to MBXIX
MBXIX has a PortfoliosLab risk / return rank of 92. There are 21 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 | MBXIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | MBXIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | MBXIX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | MBXIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | MBXIX vs ADAIX |
Top Performing MBXIX Alternatives (YTD)
MBXIX is at 13.75% YTD. There are 6 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.83% | — | Sep 2017 | MBXIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 22.71% | — | Sep 2017 | MBXIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 22.58% | — | Sep 2017 | MBXIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 18.03% | — | Oct 2013 | MBXIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 18.03% | — | Sep 2014 | MBXIX vs QSPRX |
Lowest Volatility Alternatives to MBXIX
MBXIX has 6.93% 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 | MBXIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.49% | — | Jan 2009 | MBXIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.49% | — | Jan 2009 | MBXIX vs ADANX | |
| Strategic Advisers Alternatives Fund | 2.26% | — | Jul 2022 | MBXIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | MBXIX vs MSTVX |
Lowest Drawdown Alternatives to MBXIX
MBXIX has a 1-year max drawdown of -3.85%. There are 34 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 | MBXIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | MBXIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | MBXIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | MBXIX vs ADANX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | MBXIX vs FSLTX |
Other Mutual Funds from Catalyst Mutual Funds
The 10 most viewed Catalyst Mutual Funds mutual funds shown here include ATRFX, CLPAX, MBXAX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Catalyst Systematic Alpha Class I | Multistrategy | 9 | -1.95% | — | Jul 2014 | MBXIX vs ATRFX | |
| Catalyst Nasdaq-100 Hedged Equity Fund | Derivative Income | 21 | 7.94% | — | Dec 2013 | MBXIX vs CLPAX | |
| Catalyst/Millburn Hedge Strategy Fund | Multistrategy, Systematic Trend, Global Equities | 92 | 13.56% | — | Dec 2015 | MBXIX vs MBXAX | |
| Catalyst/SMH High Income Fund | High Yield Bonds | 70 | 2.92% | — | May 2008 | MBXIX vs HIIFX | |
| Catalyst/SMH Total Return Income Fund | Diversified Portfolio | 16 | 3.80% | — | May 2008 | MBXIX vs TRIFX | |
| Catalyst/CIFC Floating Rate Income Fund | Bank Loan | 54 | 0.95% | — | Dec 2012 | MBXIX vs CFRIX | |
| Catalyst Energy Infrastructure Fund | Infrastructure Equities, Energy Equities | 22 | 33.21% | — | Dec 2014 | MBXIX vs MLXIX | |
| Catalyst Insider Buying Fund | Large Cap Growth Equities | 8 | 10.19% | — | Jul 2011 | MBXIX vs INSAX | |
| Catalyst Dynamic Alpha Fund | Large Cap Growth Equities | 27 | 16.52% | — | Dec 2011 | MBXIX vs CPEAX | |
| Catalyst/MAP Global Balanced Fund | Global Allocation | 67 | 5.87% | — | Jul 2011 | MBXIX vs TRXAX |
Often Compared With MBXIX
Investors most often compare MBXIX with CMNIX, SPY, EBSIX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare MBXIX with Any Fund or Stock
Compare MBXIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MBXIX with funds that move differently
Catalyst/Millburn Hedge Strategy Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MBXIX.
Explore MBXIX Diversifiers