ATRFX vs. CLPAX
ATRFX (Catalyst Systematic Alpha Class I) and CLPAX (Catalyst Nasdaq-100 Hedged Equity Fund) are both mutual funds - ATRFX is a Multistrategy fund managed by Catalyst Mutual Funds, while CLPAX is a Derivative Income fund managed by Catalyst Mutual Funds. Over the past 10 years, ATRFX returned 5.35%/yr vs 7.01%/yr for CLPAX. Their 0.31 correlation means their historical movements had little consistent relationship. ATRFX charges 1.77%/yr vs 1.74%/yr for CLPAX.
Performance
ATRFX vs. CLPAX - Performance Comparison
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Returns By Period
In the year-to-date period, ATRFX achieves a -2.88% return, which is significantly lower than CLPAX's 7.57% return. Over the past 10 years, ATRFX has underperformed CLPAX with an annualized return of 5.35%, while CLPAX has yielded a comparatively higher 7.01% annualized return.
ATRFX
- 1D
- 0.87%
- 1M
- -2.15%
- 6M
- 2.30%
- YTD
- -2.88%
- 1Y
- 9.45%
- 3Y*
- -1.32%
- 5Y*
- 3.09%
- 10Y*
- 5.35%
- ALL TIME*
- 4.55%
CLPAX
- 1D
- 1.76%
- 1M
- -3.34%
- 6M
- 6.47%
- YTD
- 7.57%
- 1Y
- 15.02%
- 3Y*
- 12.20%
- 5Y*
- 5.95%
- 10Y*
- 7.01%
- ALL TIME*
- 5.96%
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 |
ATRFX vs. CLPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATRFX Catalyst Systematic Alpha Class I | -2.88% | 2.81% | -4.14% | 24.60% | -4.33% | 25.70% | 15.32% | 29.25% | -19.65% | 2.00% |
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 7.57% | 12.32% | 11.42% | 35.92% | -30.54% | 13.11% | 5.25% | 19.41% | -3.65% | 8.20% |
Correlation
The correlation between ATRFX and CLPAX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2014 | 0.31 |
Over the past year, ATRFX and CLPAX have become more correlated (0.75) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
ATRFX vs. CLPAX — Risk / Return Rank
ATRFX
CLPAX
ATRFX vs. CLPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Systematic Alpha Class I (ATRFX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). 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.
| ATRFX | CLPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.96 | -0.59 |
| Martin ratioReturn relative to average drawdown | 1.06 | 2.42 | -1.36 |
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Drawdowns
ATRFX vs. CLPAX - Drawdown Comparison
The maximum ATRFX drawdown since its inception was -35.17%, which is greater than CLPAX's maximum drawdown of -32.47%. Use the drawdown chart below to compare losses from any high point for ATRFX and CLPAX.
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Drawdown Indicators
| ATRFX | CLPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.17% | -32.47% | -2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -22.53% | -12.87% | -9.66% |
Max Drawdown (3Y)Largest decline over 3 years | -35.17% | -18.37% | -16.80% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -32.47% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.17% | -32.47% | -2.70% |
Current DrawdownCurrent decline from peak | -17.16% | -8.58% | -8.58% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -8.04% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.84% | 5.09% | +2.75% |
Volatility
ATRFX vs. CLPAX - Volatility Comparison
Catalyst Systematic Alpha Class I (ATRFX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) have volatilities of 4.49% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATRFX | CLPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.33% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.52% | 12.12% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 15.44% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 16.16% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 14.55% | +1.14% |
ATRFX vs. CLPAX - Expense Ratio Comparison
ATRFX has a 1.77% expense ratio, which is higher than CLPAX's 1.74% expense ratio.
Dividends
ATRFX vs. CLPAX - Dividend Comparison
ATRFX's dividend yield for the trailing twelve months is around 0.36%, less than CLPAX's 8.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATRFX Catalyst Systematic Alpha Class I | 0.36% | 0.65% | 11.89% | 1.87% | 4.98% | 5.43% | 20.92% | 1.60% | 1.37% | 0.00% | 0.91% | 1.02% |
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 8.46% | 9.10% | 0.00% | 0.00% | 2.68% | 0.32% | 0.49% | 5.41% | 0.30% | 0.02% | 0.00% | 17.26% |
Frequently Asked Questions
ATRFX and CLPAX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATRFX has higher volatility (4.49%) compared to CLPAX (4.33%). In terms of maximum drawdown, ATRFX dropped -35.17% vs CLPAX's -32.47%.
CLPAX currently has the higher Sharpe Ratio (0.80 vs 0.39), 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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