CAXAX vs. TRXAX

Last updated Jun 4, 2026

CAXAX (Catalyst/MAP Global Equity Fund) and TRXAX (Catalyst/MAP Global Balanced Fund) are both mutual funds - CAXAX is a Global Equities fund managed by Catalyst Mutual Funds, while TRXAX is a Global Allocation fund managed by Catalyst Mutual Funds. Over the past 10 years, CAXAX returned 9.53%/yr vs 5.61%/yr for TRXAX. With a 0.95 correlation, they move nearly in lockstep. CAXAX charges 1.21%/yr vs 1.22%/yr for TRXAX.

Performance

CAXAX vs. TRXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/MAP Global Equity Fund (CAXAX) and Catalyst/MAP Global Balanced Fund (TRXAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAXAX achieves a 9.61% return, which is significantly higher than TRXAX's 6.01% return. Over the past 10 years, CAXAX has outperformed TRXAX with an annualized return of 9.53%, while TRXAX has yielded a comparatively lower 5.61% annualized return.

CAXAX

• 1D: 0.09%
• 1M: 2.56%
• YTD: 9.61%
• 6M: 9.67%
• 1Y: 21.07%
• 3Y*: 15.25%
• 5Y*: 7.98%
• 10Y*: 9.53%

TRXAX

• 1D: 0.07%
• 1M: 1.58%
• YTD: 6.01%
• 6M: 6.30%
• 1Y: 14.09%
• 3Y*: 10.06%
• 5Y*: 4.95%
• 10Y*: 5.61%

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

CAXAX vs. TRXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAXAX Catalyst/MAP Global Equity Fund	9.61%	22.46%	7.62%	10.71%	-11.04%	16.54%	5.48%	18.84%	-3.19%	17.11%
TRXAX Catalyst/MAP Global Balanced Fund	6.01%	16.16%	4.67%	5.23%	-7.44%	9.65%	3.62%	11.51%	-3.30%	11.12%

Correlation

The correlation between CAXAX and TRXAX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 2, 2011	0.95

The correlation between CAXAX and TRXAX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

CAXAX vs. TRXAX — Risk / Return Rank

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

CAXAX

CAXAX Risk / Return Rank: 48
CAXAX Sharpe Ratio Rank: 53
CAXAX Sortino Ratio Rank: 52
CAXAX Omega Ratio Rank: 49
CAXAX Calmar Ratio Rank: 43
CAXAX Martin Ratio Rank: 40

TRXAX

TRXAX Risk / Return Rank: 54
TRXAX Sharpe Ratio Rank: 62
TRXAX Sortino Ratio Rank: 62
TRXAX Omega Ratio Rank: 61
TRXAX Calmar Ratio Rank: 44
TRXAX Martin Ratio Rank: 40

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.

CAXAX vs. TRXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/MAP Global Equity Fund (CAXAX) and Catalyst/MAP Global Balanced Fund (TRXAX). 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.

	CAXAX	TRXAX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.31	-0.14
Sortino ratio: Return per unit of downside risk	3.05	3.30	-0.25
Omega ratio: Gain probability vs. loss probability	1.39	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	2.49	2.51	-0.02
Martin ratio: Return relative to average drawdown	8.68	8.58	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAXAX vs. TRXAX - Sharpe Ratio Comparison

The current CAXAX Sharpe Ratio is 2.17, which is comparable to the TRXAX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of CAXAX and TRXAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CAXAX	TRXAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.31	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.63	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.68	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.70	-0.02

Drawdowns

CAXAX vs. TRXAX - Drawdown Comparison

The maximum CAXAX drawdown since its inception was -32.50%, which is greater than TRXAX's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for CAXAX and TRXAX.

Drawdown Indicators

	CAXAX	TRXAX	Difference
Max Drawdown Largest peak-to-trough decline	-32.50%	-20.50%	-12.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-5.60%	-2.84%
Max Drawdown (3Y) Largest decline over 3 years	-10.76%	-6.04%	-4.72%
Max Drawdown (5Y) Largest decline over 5 years	-22.76%	-16.03%	-6.73%
Max Drawdown (10Y) Largest decline over 10 years	-32.50%	-20.50%	-12.00%
Current Drawdown Current decline from peak	-2.12%	-1.70%	-0.42%
Average Drawdown Average peak-to-trough decline	-3.81%	-2.66%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	1.64%	+0.78%

Volatility

CAXAX vs. TRXAX - Volatility Comparison

Catalyst/MAP Global Equity Fund (CAXAX) has a higher volatility of 2.12% compared to Catalyst/MAP Global Balanced Fund (TRXAX) at 1.36%. This indicates that CAXAX's price experiences larger fluctuations and is considered to be riskier than TRXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAXAX	TRXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	1.36%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	7.70%	4.82%	+2.88%
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	6.09%	+3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.30%	7.85%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.83%	8.26%	+5.57%

CAXAX vs. TRXAX - Expense Ratio Comparison

CAXAX has a 1.21% expense ratio, which is lower than TRXAX's 1.22% expense ratio.

Dividends

CAXAX vs. TRXAX - Dividend Comparison

CAXAX's dividend yield for the trailing twelve months is around 5.96%, more than TRXAX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAXAX Catalyst/MAP Global Equity Fund	5.96%	6.53%	8.29%	2.38%	0.00%	1.75%	1.78%	4.67%	9.90%	2.88%	1.57%	1.18%
TRXAX Catalyst/MAP Global Balanced Fund	2.20%	2.45%	4.93%	5.12%	0.83%	6.76%	1.91%	2.66%	8.34%	3.46%	3.55%	1.59%

Frequently Asked Questions

Can I hold both CAXAX and TRXAX in my portfolio?

With a correlation of 0.98, CAXAX and TRXAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CAXAX or TRXAX?

CAXAX has higher volatility (2.12%) compared to TRXAX (1.36%). In terms of maximum drawdown, CAXAX dropped -32.50% vs TRXAX's -20.50%.

Which has better risk-adjusted returns?

TRXAX currently has the higher Sharpe Ratio (2.31 vs 2.17), 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.