^IBEX vs. CLPAX

Last updated Apr 2, 2026

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.

Performance

^IBEX vs. CLPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IBEX 35 Index (^IBEX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). The values are adjusted to include any dividend payments, if applicable.

^IBEX vs. CLPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^IBEX IBEX 35 Index	1.58%	49.27%	14.78%	22.76%	-5.56%	7.93%	-15.45%	11.82%	-14.97%	7.40%
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	-4.47%	-1.01%	18.78%	31.85%	-26.24%	21.57%	-3.43%	22.11%	0.87%	-5.10%

Different Trading Currencies

^IBEX is traded in EUR, while CLPAX is traded in USD. To make them comparable, the CLPAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^IBEX achieves a 1.58% return, which is significantly higher than CLPAX's -4.47% return. Over the past 10 years, ^IBEX has outperformed CLPAX with an annualized return of 7.41%, while CLPAX has yielded a comparatively lower 5.30% annualized return.

^IBEX

• 1D: 3.11%
• 1M: -1.67%
• YTD: 1.58%
• 6M: 13.14%
• 1Y: 32.21%
• 3Y*: 23.95%
• 5Y*: 15.43%
• 10Y*: 7.41%

CLPAX

• 1D: 0.30%
• 1M: -3.78%
• YTD: -4.47%
• 6M: -4.77%
• 1Y: 7.40%
• 3Y*: 9.17%
• 5Y*: 5.27%
• 10Y*: 5.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^IBEX vs. CLPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^IBEX

^IBEX Risk / Return Rank: 94
^IBEX Sharpe Ratio Rank: 92
^IBEX Sortino Ratio Rank: 92
^IBEX Omega Ratio Rank: 93
^IBEX Calmar Ratio Rank: 97
^IBEX Martin Ratio Rank: 97

CLPAX

CLPAX Risk / Return Rank: 41
CLPAX Sharpe Ratio Rank: 44
CLPAX Sortino Ratio Rank: 49
CLPAX Omega Ratio Rank: 39
CLPAX Calmar Ratio Rank: 43
CLPAX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^IBEX vs. CLPAX - Risk-Adjusted Trends 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.

	^IBEX	CLPAX	Difference
Sharpe ratio Return per unit of total volatility	1.80	0.44	+1.36
Sortino ratio Return per unit of downside risk	2.28	0.73	+1.55
Omega ratio Gain probability vs. loss probability	1.35	1.10	+0.25
Calmar ratio Return relative to maximum drawdown	4.74	0.71	+4.03
Martin ratio Return relative to average drawdown	17.21	1.68	+15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^IBEX vs. CLPAX - Sharpe Ratio Comparison

The current ^IBEX Sharpe Ratio is 1.80, which is higher than the CLPAX Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of ^IBEX and CLPAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^IBEX	CLPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	0.44	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.33	+0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.35	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.40	-0.14

Correlation

The correlation between ^IBEX and CLPAX is 0.28, 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.

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 -30.09%. Use the drawdown chart below to compare losses from any high point for ^IBEX and CLPAX.

Drawdown Indicators

	^IBEX	CLPAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.65%	-32.47%	-30.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-12.87%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-32.47%	+10.71%
Max Drawdown (10Y) Largest decline over 10 years	-45.16%	-32.47%	-12.69%
Current Drawdown Current decline from peak	-4.95%	-11.89%	+6.94%
Average Drawdown Average peak-to-trough decline	-28.45%	-8.16%	-20.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	4.32%	-1.66%

Volatility

^IBEX vs. CLPAX - Volatility Comparison

IBEX 35 Index (^IBEX) has a higher volatility of 6.82% compared to Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) at 3.09%. 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.

Volatility by Period

	^IBEX	CLPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	3.09%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	10.37%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	19.18%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	16.19%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	15.40%	+3.12%