AIVSX vs. MBXAX
Compare and contrast key facts about American Funds Investment Company of America Class A (AIVSX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX).
AIVSX is managed by American Funds. It was launched on Jan 1, 1934. MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015.
Performance
AIVSX vs. MBXAX - Performance Comparison
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AIVSX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | -7.68% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 7.93% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 13.59% | -2.43% | 13.69% |
Returns By Period
In the year-to-date period, AIVSX achieves a -7.68% return, which is significantly lower than MBXAX's 7.93% return. Over the past 10 years, AIVSX has outperformed MBXAX with an annualized return of 12.54%, while MBXAX has yielded a comparatively lower 8.00% annualized return.
AIVSX
- 1D
- -0.31%
- 1M
- -8.80%
- YTD
- -7.68%
- 6M
- -5.63%
- 1Y
- 14.65%
- 3Y*
- 18.86%
- 5Y*
- 12.03%
- 10Y*
- 12.54%
MBXAX
- 1D
- -0.51%
- 1M
- 1.48%
- YTD
- 7.93%
- 6M
- 9.84%
- 1Y
- 14.46%
- 3Y*
- 9.68%
- 5Y*
- 8.02%
- 10Y*
- 8.00%
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AIVSX vs. MBXAX - Expense Ratio Comparison
AIVSX has a 0.57% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Return for Risk
AIVSX vs. MBXAX — Risk / Return Rank
AIVSX
MBXAX
AIVSX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Investment Company of America Class A (AIVSX) 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.
| AIVSX | MBXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.31 | -0.44 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.75 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.23 | -0.05 |
Martin ratioReturn relative to average drawdown | 5.00 | 5.80 | -0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIVSX | MBXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.31 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.69 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.60 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.65 | +0.01 |
Correlation
The correlation between AIVSX and MBXAX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AIVSX vs. MBXAX - Dividend Comparison
AIVSX's dividend yield for the trailing twelve months is around 11.51%, while MBXAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 11.51% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
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% |
Drawdowns
AIVSX vs. MBXAX - Drawdown Comparison
The maximum AIVSX drawdown since its inception was -50.90%, which is greater than MBXAX's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for AIVSX and MBXAX.
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Drawdown Indicators
| AIVSX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.90% | -31.75% | -19.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -11.29% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -15.66% | -8.65% |
Max Drawdown (10Y)Largest decline over 10 years | -31.09% | -31.75% | +0.66% |
Current DrawdownCurrent decline from peak | -10.08% | -1.64% | -8.44% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -4.11% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.39% | +0.15% |
Volatility
AIVSX vs. MBXAX - Volatility Comparison
American Funds Investment Company of America Class A (AIVSX) has a higher volatility of 4.60% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 2.35%. This indicates that AIVSX'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
| AIVSX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 2.35% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 5.24% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 11.79% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 11.76% | +4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 13.44% | +3.08% |