ATRFX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Catalyst Systematic Alpha Class I (ATRFX) and S&P 500 Index (^GSPC).

ATRFX is managed by Catalyst Mutual Funds. It was launched on Jul 31, 2014.

Performance

ATRFX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Systematic Alpha Class I (ATRFX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ATRFX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATRFX Catalyst Systematic Alpha Class I	-17.80%	2.81%	-4.14%	24.60%	-4.33%	25.70%	15.32%	29.25%	-19.65%	2.00%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ATRFX achieves a -17.80% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, ATRFX has underperformed ^GSPC with an annualized return of 3.89%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

ATRFX

• 1D: 0.23%
• 1M: -16.19%
• YTD: -17.80%
• 6M: -16.34%
• 1Y: -6.55%
• 3Y*: -2.64%
• 5Y*: 2.76%
• 10Y*: 3.89%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ATRFX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATRFX

ATRFX Risk / Return Rank: 3
ATRFX Sharpe Ratio Rank: 2
ATRFX Sortino Ratio Rank: 2
ATRFX Omega Ratio Rank: 2
ATRFX Calmar Ratio Rank: 3
ATRFX Martin Ratio Rank: 2

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATRFX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Systematic Alpha Class I (ATRFX) and S&P 500 Index (^GSPC). 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.

	ATRFX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.27	0.92	-1.19
Sortino ratio Return per unit of downside risk	-0.22	1.41	-1.64
Omega ratio Gain probability vs. loss probability	0.97	1.21	-0.25
Calmar ratio Return relative to maximum drawdown	-0.28	1.41	-1.69
Martin ratio Return relative to average drawdown	-0.92	6.61	-7.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATRFX vs. ^GSPC - Sharpe Ratio Comparison

The current ATRFX Sharpe Ratio is -0.27, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ATRFX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ATRFX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	0.92	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.61	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.68	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.46	-0.24

Correlation

The correlation between ATRFX and ^GSPC is 0.30, 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.

Drawdowns

ATRFX vs. ^GSPC - Drawdown Comparison

The maximum ATRFX drawdown since its inception was -35.17%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ATRFX and ^GSPC.

Drawdown Indicators

	ATRFX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-35.17%	-56.78%	+21.61%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-12.14%	-9.05%
Max Drawdown (5Y) Largest decline over 5 years	-35.17%	-25.43%	-9.74%
Max Drawdown (10Y) Largest decline over 10 years	-35.17%	-33.92%	-1.25%
Current Drawdown Current decline from peak	-29.89%	-5.78%	-24.11%
Average Drawdown Average peak-to-trough decline	-8.58%	-10.75%	+2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.39%	2.60%	+3.79%

Volatility

ATRFX vs. ^GSPC - Volatility Comparison

Catalyst Systematic Alpha Class I (ATRFX) has a higher volatility of 11.51% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that ATRFX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATRFX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.51%	5.37%	+6.14%
Volatility (6M) Calculated over the trailing 6-month period	17.58%	9.55%	+8.03%
Volatility (1Y) Calculated over the trailing 1-year period	22.50%	18.33%	+4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	16.90%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	18.05%	-2.70%