^IBEX vs. CLPAX
Compare and contrast key facts about IBEX 35 Index (^IBEX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX).
CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IBEX or CLPAX.
Performance
^IBEX vs. CLPAX - Performance Comparison
Returns By Period
In the year-to-date period, ^IBEX achieves a 15.57% return, which is significantly higher than CLPAX's 9.04% return. Over the past 10 years, ^IBEX has outperformed CLPAX with an annualized return of 1.03%, while CLPAX has yielded a comparatively lower 0.95% annualized return.
^IBEX
15.57%
-2.10%
2.96%
19.60%
4.73%
1.03%
CLPAX
9.04%
-0.62%
5.79%
14.40%
2.95%
0.95%
Key characteristics
| ^IBEX | CLPAX | |
|---|---|---|
| Sharpe Ratio | 1.35 | 1.13 |
| Sortino Ratio | 1.87 | 1.61 |
| Omega Ratio | 1.23 | 1.20 |
| Calmar Ratio | 0.46 | 0.99 |
| Martin Ratio | 6.64 | 4.45 |
| Ulcer Index | 2.63% | 3.21% |
| Daily Std Dev | 12.89% | 12.68% |
| Max Drawdown | -62.65% | -36.85% |
| Current Drawdown | -26.78% | -2.81% |
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Correlation
The correlation between ^IBEX and CLPAX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
^IBEX vs. CLPAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). 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.
Drawdowns
^IBEX vs. CLPAX - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, which is greater than CLPAX's maximum drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for ^IBEX and CLPAX. For additional features, visit the drawdowns tool.
Volatility
^IBEX vs. CLPAX - Volatility Comparison
IBEX 35 Index (^IBEX) has a higher volatility of 6.32% compared to Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) at 4.25%. This indicates that ^IBEX's price experiences larger fluctuations and is considered to be riskier than CLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.