AGLOX vs. MBXIX
AGLOX (Ariel Global Fund) and MBXIX (Catalyst/Millburn Hedge Strategy Fund Class I) are both mutual funds - AGLOX is a Global Equities fund managed by Ariel Investments, while MBXIX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, AGLOX returned 9.77%/yr vs 7.68%/yr for MBXIX. Their 0.48 correlation means their historical movements had little consistent relationship. AGLOX charges 1.13%/yr vs 2.04%/yr for MBXIX.
Performance
AGLOX vs. MBXIX - Performance Comparison
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Returns By Period
In the year-to-date period, AGLOX achieves a 20.96% return, which is significantly higher than MBXIX's 12.91% return. Over the past 10 years, AGLOX has outperformed MBXIX with an annualized return of 9.77%, while MBXIX has yielded a comparatively lower 7.68% annualized return.
AGLOX
- 1D
- 1.47%
- 1M
- -3.15%
- 6M
- 17.96%
- YTD
- 20.96%
- 1Y
- 33.54%
- 3Y*
- 17.75%
- 5Y*
- 11.68%
- 10Y*
- 9.77%
- ALL TIME*
- 9.64%
MBXIX
- 1D
- -0.28%
- 1M
- -2.01%
- 6M
- 8.54%
- YTD
- 12.91%
- 1Y
- 17.43%
- 3Y*
- 10.12%
- 5Y*
- 7.38%
- 10Y*
- 7.68%
- ALL TIME*
- 8.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AGLOX Ariel Global Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
AGLOX vs. MBXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGLOX Ariel Global Fund | 20.96% | 23.22% | 6.55% | 12.40% | -5.47% | 11.53% | 7.70% | 15.98% | -6.03% | 15.63% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 12.91% | 4.35% | 13.49% | -0.67% | 7.72% | 16.89% | -0.45% | 13.83% | -2.16% | 13.99% |
Correlation
The correlation between AGLOX and MBXIX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2015 | 0.48 |
The correlation between AGLOX and MBXIX shifts across timeframes, from 0.26 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AGLOX vs. MBXIX — Risk / Return Rank
AGLOX
MBXIX
AGLOX vs. MBXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ariel Global Fund (AGLOX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). 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.
| AGLOX | MBXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.88 | -0.88 |
| Martin ratioReturn relative to average drawdown | 10.46 | 14.92 | -4.47 |
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Drawdowns
AGLOX vs. MBXIX - Drawdown Comparison
The maximum AGLOX drawdown since its inception was -24.72%, smaller than the maximum MBXIX drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for AGLOX and MBXIX.
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Drawdown Indicators
| AGLOX | MBXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -31.73% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -3.85% | -6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | -15.59% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -15.59% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -24.72% | -31.73% | +7.01% |
Current DrawdownCurrent decline from peak | -4.54% | -2.68% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -3.95% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.04% | +2.01% |
Volatility
AGLOX vs. MBXIX - Volatility Comparison
Ariel Global Fund (AGLOX) has a higher volatility of 4.34% compared to Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) at 1.59%. This indicates that AGLOX's price experiences larger fluctuations and is considered to be riskier than MBXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGLOX | MBXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 1.59% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 4.89% | +7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 6.90% | +7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 11.40% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 13.36% | -0.14% |
AGLOX vs. MBXIX - Expense Ratio Comparison
AGLOX has a 1.13% expense ratio, which is lower than MBXIX's 2.04% expense ratio.
Dividends
AGLOX vs. MBXIX - Dividend Comparison
AGLOX's dividend yield for the trailing twelve months is around 13.54%, while MBXIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGLOX Ariel Global Fund | 13.54% | 16.38% | 27.80% | 18.51% | 4.82% | 2.00% | 0.85% | 4.39% | 3.42% | 4.48% | 2.65% | 0.81% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 0.00% | 0.00% | 2.63% | 2.25% | 7.74% | 0.00% | 4.27% | 5.18% | 3.33% | 3.33% | 1.91% | 0.00% |
Frequently Asked Questions
AGLOX and MBXIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGLOX has higher volatility (4.34%) compared to MBXIX (1.59%). In terms of maximum drawdown, AGLOX dropped -24.72% vs MBXIX's -31.73%.
AGLOX currently has the higher Sharpe Ratio (2.18 vs 2.16), 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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