AGVHX vs. MBXIX
AGVHX (American Funds Global Insight Fund) and MBXIX (Catalyst/Millburn Hedge Strategy Fund Class I) are both mutual funds - AGVHX is a Global Equities fund managed by American Funds, while MBXIX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 5 years, AGVHX returned 9.13%/yr vs 7.38%/yr for MBXIX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. AGVHX charges 0.47%/yr vs 2.04%/yr for MBXIX.
Performance
AGVHX vs. MBXIX - Performance Comparison
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Returns By Period
In the year-to-date period, AGVHX achieves a 9.65% return, which is significantly lower than MBXIX's 12.91% return.
AGVHX
- 1D
- 2.57%
- 1M
- -0.64%
- 6M
- 6.83%
- YTD
- 9.65%
- 1Y
- 19.72%
- 3Y*
- 15.54%
- 5Y*
- 9.13%
- 10Y*
- —
- ALL TIME*
- 11.33%
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) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AGVHX vs. MBXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AGVHX American Funds Global Insight Fund | 9.65% | 22.87% | 10.44% | 18.56% | -15.20% | 13.88% | 16.00% | 4.16% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 12.91% | 4.35% | 13.49% | -0.67% | 7.72% | 16.89% | -0.45% | 3.18% |
Correlation
The correlation between AGVHX and MBXIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.50 |
The correlation between AGVHX and MBXIX shifts across timeframes, from 0.34 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AGVHX vs. MBXIX — Risk / Return Rank
AGVHX
MBXIX
AGVHX vs. MBXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Insight Fund (AGVHX) 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.
| AGVHX | MBXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.88 | -2.17 |
| Martin ratioReturn relative to average drawdown | 7.41 | 14.92 | -7.52 |
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Drawdowns
AGVHX vs. MBXIX - Drawdown Comparison
The maximum AGVHX drawdown since its inception was -29.73%, smaller than the maximum MBXIX drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for AGVHX and MBXIX.
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Drawdown Indicators
| AGVHX | MBXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.73% | -31.73% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -3.85% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -15.59% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -25.52% | -15.59% | -9.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.73% | — |
Current DrawdownCurrent decline from peak | -1.83% | -2.68% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -3.95% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.04% | +1.40% |
Volatility
AGVHX vs. MBXIX - Volatility Comparison
American Funds Global Insight Fund (AGVHX) has a higher volatility of 4.51% compared to Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) at 1.59%. This indicates that AGVHX'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
| AGVHX | MBXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.59% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 4.89% | +7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 6.90% | +7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 11.40% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 13.36% | +3.80% |
AGVHX vs. MBXIX - Expense Ratio Comparison
AGVHX has a 0.47% expense ratio, which is lower than MBXIX's 2.04% expense ratio.
Dividends
AGVHX vs. MBXIX - Dividend Comparison
AGVHX's dividend yield for the trailing twelve months is around 1.08%, while MBXIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AGVHX American Funds Global Insight Fund | 1.08% | 1.18% | 1.27% | 1.53% | 1.48% | 0.86% | 0.79% | 2.88% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
AGVHX and MBXIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGVHX has higher volatility (4.51%) compared to MBXIX (1.59%). In terms of maximum drawdown, AGVHX dropped -29.73% vs MBXIX's -31.73%.
MBXIX currently has the higher Sharpe Ratio (2.16 vs 1.25), 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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