ADVDX vs. MBXAX
ADVDX (abrdn Dynamic Dividend Fund) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - ADVDX is a Global Equities fund managed by Aberdeen, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, ADVDX returned 10.32%/yr vs 7.41%/yr for MBXAX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. ADVDX charges 1.25%/yr vs 2.18%/yr for MBXAX.
Performance
ADVDX vs. MBXAX - Performance Comparison
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Returns By Period
In the year-to-date period, ADVDX achieves a 11.53% return, which is significantly lower than MBXAX's 12.74% return. Over the past 10 years, ADVDX has outperformed MBXAX with an annualized return of 10.32%, while MBXAX has yielded a comparatively lower 7.41% annualized return.
ADVDX
- 1D
- 1.18%
- 1M
- 0.98%
- 6M
- 7.66%
- YTD
- 11.53%
- 1Y
- 24.74%
- 3Y*
- 13.75%
- 5Y*
- 7.98%
- 10Y*
- 10.32%
- ALL TIME*
- 6.71%
MBXAX
- 1D
- -0.29%
- 1M
- -2.04%
- 6M
- 8.41%
- YTD
- 12.74%
- 1Y
- 17.15%
- 3Y*
- 9.84%
- 5Y*
- 7.12%
- 10Y*
- 7.41%
- ALL TIME*
- 8.86%
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 |
ADVDX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADVDX abrdn Dynamic Dividend Fund | 11.53% | 20.33% | 7.74% | 13.35% | -13.36% | 16.80% | 10.33% | 25.43% | -9.57% | 23.36% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 12.74% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 13.59% | -2.43% | 13.69% |
Correlation
The correlation between ADVDX and MBXAX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.54 |
The correlation between ADVDX and MBXAX shifts across timeframes, from 0.33 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ADVDX vs. MBXAX — Risk / Return Rank
ADVDX
MBXAX
ADVDX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Dynamic Dividend Fund (ADVDX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX). 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.
| ADVDX | MBXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.77 | -1.21 |
| Martin ratioReturn relative to average drawdown | 9.87 | 14.56 | -4.69 |
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Drawdowns
ADVDX vs. MBXAX - Drawdown Comparison
The maximum ADVDX drawdown since its inception was -62.03%, which is greater than MBXAX's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for ADVDX and MBXAX.
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Drawdown Indicators
| ADVDX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -31.75% | -30.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -3.89% | -4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.06% | -15.66% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -15.66% | -8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -31.75% | -4.58% |
Current DrawdownCurrent decline from peak | -2.08% | -2.69% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -16.38% | -4.00% | -12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.05% | +1.22% |
Volatility
ADVDX vs. MBXAX - Volatility Comparison
abrdn Dynamic Dividend Fund (ADVDX) has a higher volatility of 2.90% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 1.59%. This indicates that ADVDX's price experiences larger fluctuations and is considered to be riskier than MBXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADVDX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 1.59% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 4.87% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 6.87% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 11.39% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 13.36% | +2.49% |
ADVDX vs. MBXAX - Expense Ratio Comparison
ADVDX has a 1.25% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Dividends
ADVDX vs. MBXAX - Dividend Comparison
ADVDX's dividend yield for the trailing twelve months is around 7.45%, while MBXAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADVDX abrdn Dynamic Dividend Fund | 7.45% | 8.53% | 5.59% | 5.70% | 6.09% | 5.35% | 5.50% | 5.70% | 6.72% | 5.73% | 6.65% | 6.67% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 0.00% | 0.00% | 2.43% | 2.02% | 7.57% | 0.00% | 3.92% | 4.96% | 3.07% | 3.35% | 1.82% | 0.00% |
Frequently Asked Questions
ADVDX and MBXAX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADVDX has higher volatility (2.90%) compared to MBXAX (1.59%). In terms of maximum drawdown, ADVDX dropped -62.03% vs MBXAX's -31.75%.
MBXAX currently has the higher Sharpe Ratio (2.13 vs 1.91), 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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