CLPAX vs. FXAIX
Compare and contrast key facts about Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Fidelity 500 Index Fund (FXAIX).
CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
CLPAX vs. FXAIX - Performance Comparison
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CLPAX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, CLPAX achieves a -6.01% return, which is significantly lower than FXAIX's -4.34% return. Over the past 10 years, CLPAX has underperformed FXAIX with an annualized return of 5.45%, while FXAIX has yielded a comparatively higher 14.08% 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%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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CLPAX vs. FXAIX - Expense Ratio Comparison
CLPAX has a 1.74% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
CLPAX vs. FXAIX — Risk / Return Rank
CLPAX
FXAIX
CLPAX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.97 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.49 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.52 | -0.31 |
Martin ratioReturn relative to average drawdown | 3.60 | 7.30 | -3.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLPAX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.97 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.70 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.78 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.76 | -0.42 |
Correlation
The correlation between CLPAX and FXAIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CLPAX vs. FXAIX - Dividend Comparison
CLPAX's dividend yield for the trailing twelve months is around 9.69%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 9.69% | 9.10% | 0.00% | 0.00% | 2.68% | 0.32% | 0.49% | 5.41% | 0.30% | 0.02% | 0.00% | 17.26% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
CLPAX vs. FXAIX - Drawdown Comparison
The maximum CLPAX drawdown since its inception was -32.47%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for CLPAX and FXAIX.
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Drawdown Indicators
| CLPAX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.47% | -33.79% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -12.13% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -32.47% | -24.50% | -7.97% |
Max Drawdown (10Y)Largest decline over 10 years | -32.47% | -33.79% | +1.32% |
Current DrawdownCurrent decline from peak | -11.89% | -6.23% | -5.66% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -3.83% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 2.53% | +1.79% |
Volatility
CLPAX vs. FXAIX - Volatility Comparison
The current volatility for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) is 3.45%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.34%. This indicates that CLPAX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLPAX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 5.34% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 9.53% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 18.32% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 16.92% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 18.05% | -3.66% |