AMFAX vs. MBXIX
Compare and contrast key facts about AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX).
AMFAX is managed by BlackRock. It was launched on Jul 30, 2010. MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996.
Performance
AMFAX vs. MBXIX - Performance Comparison
Loading graphics...
AMFAX vs. MBXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 6.43% | -9.75% | -3.56% | -10.59% | 35.38% | 3.28% | 13.29% | 8.03% | -12.87% | 6.54% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 8.00% | 4.35% | 13.49% | -0.67% | 7.72% | 16.89% | -0.45% | 13.83% | -2.16% | 13.99% |
Returns By Period
In the year-to-date period, AMFAX achieves a 6.43% return, which is significantly lower than MBXIX's 8.00% return. Over the past 10 years, AMFAX has underperformed MBXIX with an annualized return of 1.54%, while MBXIX has yielded a comparatively higher 8.26% annualized return.
AMFAX
- 1D
- 0.00%
- 1M
- -1.70%
- YTD
- 6.43%
- 6M
- 10.88%
- 1Y
- 3.13%
- 3Y*
- -3.17%
- 5Y*
- 2.03%
- 10Y*
- 1.54%
MBXIX
- 1D
- -0.52%
- 1M
- 1.48%
- YTD
- 8.00%
- 6M
- 9.98%
- 1Y
- 14.74%
- 3Y*
- 9.95%
- 5Y*
- 8.29%
- 10Y*
- 8.26%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AMFAX vs. MBXIX - Expense Ratio Comparison
AMFAX has a 1.72% expense ratio, which is lower than MBXIX's 2.04% expense ratio.
Return for Risk
AMFAX vs. MBXIX — Risk / Return Rank
AMFAX
MBXIX
AMFAX vs. MBXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) 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.
| AMFAX | MBXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 1.33 | -1.18 |
Sortino ratioReturn per unit of downside risk | 0.27 | 1.78 | -1.51 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.25 | -1.18 |
Martin ratioReturn relative to average drawdown | 0.13 | 5.92 | -5.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| AMFAX | MBXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.33 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.71 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.62 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.66 | -0.37 |
Correlation
The correlation between AMFAX and MBXIX is 0.40, 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.
Dividends
AMFAX vs. MBXIX - Dividend Comparison
AMFAX's dividend yield for the trailing twelve months is around 1.73%, while MBXIX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 1.73% | 1.84% | 1.28% | 0.30% | 32.70% | 5.74% | 3.14% | 4.71% | 1.31% | 0.00% | 0.00% | 4.92% |
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% |
Drawdowns
AMFAX vs. MBXIX - Drawdown Comparison
The maximum AMFAX drawdown since its inception was -36.84%, which is greater than MBXIX's maximum drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for AMFAX and MBXIX.
Loading graphics...
Drawdown Indicators
| AMFAX | MBXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.84% | -31.73% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -11.28% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -36.84% | -15.59% | -21.25% |
Max Drawdown (10Y)Largest decline over 10 years | -36.84% | -31.73% | -5.11% |
Current DrawdownCurrent decline from peak | -25.04% | -1.64% | -23.40% |
Average DrawdownAverage peak-to-trough decline | -13.54% | -4.06% | -9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.79% | 2.39% | +6.40% |
Volatility
AMFAX vs. MBXIX - Volatility Comparison
AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) has a higher volatility of 3.94% compared to Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) at 2.37%. This indicates that AMFAX'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.
Loading graphics...
Volatility by Period
| AMFAX | MBXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.37% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 5.27% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 11.80% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 11.76% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 13.45% | -0.78% |