BPGSX vs. MBXAX

Last updated Aug 4, 2026

BPGSX (Boston Partners Global Sustainability Fund) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - BPGSX is a Global Equities fund managed by Boston Partners, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 3 years, BPGSX returned 15.73%/yr vs 9.79%/yr for MBXAX. Their 0.31 correlation means their historical movements had little consistent relationship. BPGSX charges 0.90%/yr vs 2.18%/yr for MBXAX.

Performance

BPGSX vs. MBXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Partners Global Sustainability Fund (BPGSX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPGSX achieves a 2.43% return, which is significantly lower than MBXAX's 13.56% return.

BPGSX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 2.43%
• 1Y: 13.22%
• 3Y*: 15.73%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.61%

MBXAX

• 1D: 0.73%
• 1M: -1.32%
• 6M: 9.10%
• YTD: 13.56%
• 1Y: 18.00%
• 3Y*: 9.79%
• 5Y*: 7.27%
• 10Y*: 7.59%
• ALL TIME*: 8.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPGSX Boston Partners Global Sustainability Fund	$0.00	$0.00	$0.00
MBXAX Catalyst/Millburn Hedge Strategy Fund	$0.00	$0.00	$0.00

BPGSX vs. MBXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BPGSX Boston Partners Global Sustainability Fund	2.43%	32.86%	9.62%	16.44%	-5.69%
MBXAX Catalyst/Millburn Hedge Strategy Fund	13.56%	4.13%	13.17%	-0.91%	13.08%

Correlation

The correlation between BPGSX and MBXAX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.31

The correlation between BPGSX and MBXAX shifts across timeframes, from 0.28 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BPGSX vs. MBXAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BPGSX

BPGSX Risk / Return Rank: 74
BPGSX Sharpe Ratio Rank: 57
BPGSX Sortino Ratio Rank: 68
BPGSX Omega Ratio Rank: 85
BPGSX Calmar Ratio Rank: 73
BPGSX Martin Ratio Rank: 89

MBXAX

MBXAX Risk / Return Rank: 92
MBXAX Sharpe Ratio Rank: 91
MBXAX Sortino Ratio Rank: 91
MBXAX Omega Ratio Rank: 87
MBXAX Calmar Ratio Rank: 94
MBXAX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BPGSX vs. MBXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Partners Global Sustainability Fund (BPGSX) 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.

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.

	BPGSX	MBXAX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.36	-0.79
Sortino ratio: Return per unit of downside risk	2.43	3.47	-1.03
Omega ratio: Gain probability vs. loss probability	1.42	1.44	-0.02
Calmar ratio: Return relative to maximum drawdown	2.48	4.17	-1.69
Martin ratio: Return relative to average drawdown	12.42	16.27	-3.85

BPGSX vs. MBXAX - Sharpe Ratio Comparison

The current BPGSX Sharpe Ratio is 1.57, which is lower than the MBXAX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of BPGSX and MBXAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BPGSX vs. MBXAX - Drawdown Comparison

The maximum BPGSX drawdown since its inception was -22.19%, smaller than the maximum MBXAX drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for BPGSX and MBXAX.

Drawdown Indicators

	BPGSX	MBXAX	Difference
Max Drawdown Largest peak-to-trough decline	-22.19%	-31.75%	+9.56%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-3.89%	-1.28%
Max Drawdown (3Y) Largest decline over 3 years	-12.20%	-15.66%	+3.46%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.75%	—
Current Drawdown Current decline from peak	-0.51%	-1.98%	+1.47%
Average Drawdown Average peak-to-trough decline	-3.93%	-4.00%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	1.01%	+0.18%

Volatility

BPGSX vs. MBXAX - Volatility Comparison

The current volatility for Boston Partners Global Sustainability Fund (BPGSX) is 0.00%, while Catalyst/Millburn Hedge Strategy Fund (MBXAX) has a volatility of 1.78%. This indicates that BPGSX experiences smaller price fluctuations and is considered to be less risky than MBXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPGSX	MBXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	1.78%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	4.91%	-2.71%
Volatility (1Y) Calculated over the trailing 1-year period	8.22%	6.90%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	11.39%	+3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	13.36%	+1.53%

BPGSX vs. MBXAX - Expense Ratio Comparison

BPGSX has a 0.90% expense ratio, which is lower than MBXAX's 2.18% expense ratio.

Dividends

BPGSX vs. MBXAX - Dividend Comparison

BPGSX's dividend yield for the trailing twelve months is around 80.06%, while MBXAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BPGSX Boston Partners Global Sustainability Fund	80.06%	16.14%	3.04%	1.52%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both BPGSX and MBXAX in my portfolio?

BPGSX and MBXAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPGSX or MBXAX?

MBXAX has higher volatility (1.78%) compared to BPGSX (0.00%). In terms of maximum drawdown, BPGSX dropped -22.19% vs MBXAX's -31.75%.

Which has better risk-adjusted returns?

MBXAX currently has the higher Sharpe Ratio (2.36 vs 1.57), 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.