CLPAX vs. ^IBEX

Last updated Apr 2, 2026

Compare and contrast key facts about Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and IBEX 35 Index (^IBEX).

CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013.

Performance

CLPAX vs. ^IBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and IBEX 35 Index (^IBEX). The values are adjusted to include any dividend payments, if applicable.

CLPAX vs. ^IBEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	-6.01%	12.32%	11.42%	35.92%	-30.54%	13.11%	5.25%	19.41%	-3.65%	8.20%
^IBEX IBEX 35 Index	0.27%	69.32%	7.68%	26.64%	-10.76%	0.04%	-7.97%	9.64%	-18.94%	22.59%

Different Trading Currencies

CLPAX is traded in USD, while ^IBEX is traded in EUR. To make them comparable, the ^IBEX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLPAX achieves a -6.01% return, which is significantly lower than ^IBEX's 0.27% return. Over the past 10 years, CLPAX has underperformed ^IBEX with an annualized return of 5.45%, while ^IBEX has yielded a comparatively higher 7.60% annualized return.

CLPAX

• 1D: 1.12%
• 1M: -4.88%
• YTD: -6.01%
• 6M: -6.20%
• 1Y: 14.98%
• 3Y*: 11.51%
• 5Y*: 4.87%
• 10Y*: 5.45%

^IBEX

• 1D: 3.49%
• 1M: -2.47%
• YTD: 0.27%
• 6M: 11.83%
• 1Y: 42.05%
• 3Y*: 26.75%
• 5Y*: 15.08%
• 10Y*: 7.60%

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

Return for Risk

CLPAX vs. ^IBEX — Risk / Return Rank

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

CLPAX

CLPAX Risk / Return Rank: 41
CLPAX Sharpe Ratio Rank: 44
CLPAX Sortino Ratio Rank: 49
CLPAX Omega Ratio Rank: 39
CLPAX Calmar Ratio Rank: 43
CLPAX Martin Ratio Rank: 31

^IBEX

^IBEX Risk / Return Rank: 94
^IBEX Sharpe Ratio Rank: 92
^IBEX Sortino Ratio Rank: 92
^IBEX Omega Ratio Rank: 93
^IBEX Calmar Ratio Rank: 97
^IBEX Martin Ratio Rank: 97

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.

CLPAX vs. ^IBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and IBEX 35 Index (^IBEX). 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.

	CLPAX	^IBEX	Difference
Sharpe ratio Return per unit of total volatility	0.95	2.04	-1.08
Sortino ratio Return per unit of downside risk	1.47	2.56	-1.09
Omega ratio Gain probability vs. loss probability	1.19	1.38	-0.19
Calmar ratio Return relative to maximum drawdown	1.21	4.77	-3.56
Martin ratio Return relative to average drawdown	3.60	17.21	-13.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLPAX vs. ^IBEX - Sharpe Ratio Comparison

The current CLPAX Sharpe Ratio is 0.95, which is lower than the ^IBEX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of CLPAX and ^IBEX, 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

	CLPAX	^IBEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	2.04	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.76	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.36	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.02	+0.32

Correlation

The correlation between CLPAX and ^IBEX is 0.34, 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

CLPAX vs. ^IBEX - Drawdown Comparison

The maximum CLPAX drawdown since its inception was -32.47%, smaller than the maximum ^IBEX drawdown of -71.44%. Use the drawdown chart below to compare losses from any high point for CLPAX and ^IBEX.

Drawdown Indicators

	CLPAX	^IBEX	Difference
Max Drawdown Largest peak-to-trough decline	-32.47%	-62.65%	+30.18%
Max Drawdown (1Y) Largest decline over 1 year	-12.87%	-11.72%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-32.47%	-21.76%	-10.71%
Max Drawdown (10Y) Largest decline over 10 years	-32.47%	-45.16%	+12.69%
Current Drawdown Current decline from peak	-11.89%	-4.95%	-6.94%
Average Drawdown Average peak-to-trough decline	-8.16%	-28.45%	+20.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	2.66%	+1.66%

Volatility

CLPAX vs. ^IBEX - Volatility Comparison

The current volatility for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) is 3.45%, while IBEX 35 Index (^IBEX) has a volatility of 7.20%. This indicates that CLPAX experiences smaller price fluctuations and is considered to be less risky than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLPAX	^IBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	7.20%	-3.75%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	13.24%	-3.32%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	20.19%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	19.47%	-3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.39%	20.71%	-6.32%