CFRIX vs. ATRFX

Last updated Jun 3, 2026

CFRIX (Catalyst/CIFC Floating Rate Income Fund) and ATRFX (Catalyst Systematic Alpha Class I) are both mutual funds - CFRIX is a Bank Loan fund managed by Catalyst Mutual Funds, while ATRFX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, CFRIX returned 5.24%/yr vs 5.74%/yr for ATRFX. At a 0.17 correlation, their price movements are largely independent. CFRIX charges 0.90%/yr vs 1.77%/yr for ATRFX.

Performance

CFRIX vs. ATRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/CIFC Floating Rate Income Fund (CFRIX) and Catalyst Systematic Alpha Class I (ATRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFRIX achieves a 0.93% return, which is significantly higher than ATRFX's -0.84% return. Over the past 10 years, CFRIX has underperformed ATRFX with an annualized return of 5.24%, while ATRFX has yielded a comparatively higher 5.74% annualized return.

CFRIX

• 1D: 0.00%
• 1M: 0.63%
• YTD: 0.93%
• 6M: 1.76%
• 1Y: 5.13%
• 3Y*: 7.50%
• 5Y*: 4.74%
• 10Y*: 5.24%

ATRFX

• 1D: 0.94%
• 1M: 8.30%
• YTD: -0.84%
• 6M: 2.49%
• 1Y: 16.03%
• 3Y*: 0.05%
• 5Y*: 5.19%
• 10Y*: 5.74%

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

CFRIX vs. ATRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFRIX Catalyst/CIFC Floating Rate Income Fund	0.93%	6.28%	7.98%	11.65%	-3.87%	3.12%	3.45%	10.05%	0.70%	7.24%
ATRFX Catalyst Systematic Alpha Class I	-0.84%	2.81%	-4.14%	24.60%	-4.33%	25.70%	15.32%	29.25%	-19.65%	2.00%

Correlation

The correlation between CFRIX and ATRFX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Aug 4, 2014	0.17

The correlation between CFRIX and ATRFX shifts across timeframes, from 0.17 (all time) to 0.29 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

CFRIX vs. ATRFX — Risk / Return Rank

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

CFRIX

CFRIX Risk / Return Rank: 62
CFRIX Sharpe Ratio Rank: 47
CFRIX Sortino Ratio Rank: 84
CFRIX Omega Ratio Rank: 91
CFRIX Calmar Ratio Rank: 43
CFRIX Martin Ratio Rank: 42

ATRFX

ATRFX Risk / Return Rank: 8
ATRFX Sharpe Ratio Rank: 9
ATRFX Sortino Ratio Rank: 8
ATRFX Omega Ratio Rank: 9
ATRFX Calmar Ratio Rank: 6
ATRFX Martin Ratio Rank: 7

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.

CFRIX vs. ATRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/CIFC Floating Rate Income Fund (CFRIX) and Catalyst Systematic Alpha Class I (ATRFX). 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.

	CFRIX	ATRFX	Difference
Sharpe ratio Return per unit of total volatility	2.02	0.73	+1.29
Sortino ratio Return per unit of downside risk	3.99	1.08	+2.91
Omega ratio Gain probability vs. loss probability	1.67	1.15	+0.52
Calmar ratio Return relative to maximum drawdown	2.53	0.67	+1.86
Martin ratio Return relative to average drawdown	8.98	1.99	+6.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFRIX vs. ATRFX - Sharpe Ratio Comparison

The current CFRIX Sharpe Ratio is 2.02, which is higher than the ATRFX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of CFRIX and ATRFX, 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

	CFRIX	ATRFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	0.73	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.76	0.30	+1.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.39	0.37	+1.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	0.33	+0.97

Drawdowns

CFRIX vs. ATRFX - Drawdown Comparison

The maximum CFRIX drawdown since its inception was -19.18%, smaller than the maximum ATRFX drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for CFRIX and ATRFX.

Drawdown Indicators

	CFRIX	ATRFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-35.17%	+15.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.19%	-22.53%	+20.34%
Max Drawdown (3Y) Largest decline over 3 years	-2.55%	-35.17%	+32.62%
Max Drawdown (5Y) Largest decline over 5 years	-6.62%	-35.17%	+28.55%
Max Drawdown (10Y) Largest decline over 10 years	-19.18%	-35.17%	+15.99%
Current Drawdown Current decline from peak	0.00%	-15.42%	+15.42%
Average Drawdown Average peak-to-trough decline	-1.24%	-8.76%	+7.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	7.61%	-6.99%

Volatility

CFRIX vs. ATRFX - Volatility Comparison

The current volatility for Catalyst/CIFC Floating Rate Income Fund (CFRIX) is 0.60%, while Catalyst Systematic Alpha Class I (ATRFX) has a volatility of 3.46%. This indicates that CFRIX experiences smaller price fluctuations and is considered to be less risky than ATRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFRIX	ATRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	3.46%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	1.95%	17.56%	-15.61%
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	20.52%	-18.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.71%	17.34%	-14.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	15.54%	-11.74%

CFRIX vs. ATRFX - Expense Ratio Comparison

CFRIX has a 0.90% expense ratio, which is lower than ATRFX's 1.77% expense ratio.

Dividends

CFRIX vs. ATRFX - Dividend Comparison

CFRIX's dividend yield for the trailing twelve months is around 6.70%, more than ATRFX's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATRFX Catalyst Systematic Alpha Class I	0.50%	0.65%	11.89%	1.87%	4.98%	5.43%	20.92%	1.60%	1.37%	0.00%	0.91%	1.02%
CFRIX Catalyst/CIFC Floating Rate Income Fund	6.70%	6.83%	7.32%	7.13%	3.79%	2.44%	4.06%	5.50%	4.26%	4.50%	5.69%	6.27%

Frequently Asked Questions

Can I hold both CFRIX and ATRFX in my portfolio?

CFRIX and ATRFX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFRIX or ATRFX?

ATRFX has higher volatility (3.46%) compared to CFRIX (0.60%). In terms of maximum drawdown, CFRIX dropped -19.18% vs ATRFX's -35.17%.

Which has better risk-adjusted returns?

CFRIX currently has the higher Sharpe Ratio (2.02 vs 0.73), 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.