CLPAX vs. ^IBEX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLPAX or ^IBEX.
Performance
CLPAX vs. ^IBEX - Performance Comparison
Returns By Period
In the year-to-date period, CLPAX achieves a 8.44% return, which is significantly lower than ^IBEX's 15.40% return. Over the past 10 years, CLPAX has underperformed ^IBEX with an annualized return of 0.88%, while ^IBEX has yielded a comparatively higher 1.31% annualized return.
CLPAX
8.44%
-1.17%
5.82%
13.77%
2.82%
0.88%
^IBEX
15.40%
-2.24%
2.92%
19.43%
4.63%
1.31%
Key characteristics
| CLPAX | ^IBEX | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.33 |
| Sortino Ratio | 1.55 | 1.85 |
| Omega Ratio | 1.19 | 1.23 |
| Calmar Ratio | 0.95 | 0.45 |
| Martin Ratio | 4.26 | 6.58 |
| Ulcer Index | 3.21% | 2.64% |
| Daily Std Dev | 12.64% | 12.89% |
| Max Drawdown | -36.85% | -62.65% |
| Current Drawdown | -3.34% | -26.89% |
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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.
Risk-Adjusted Performance
CLPAX vs. ^IBEX - Risk-Adjusted Performance 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.
Drawdowns
CLPAX vs. ^IBEX - Drawdown Comparison
The maximum CLPAX drawdown since its inception was -36.85%, smaller than the maximum ^IBEX drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for CLPAX and ^IBEX. For additional features, visit the drawdowns tool.
Volatility
CLPAX vs. ^IBEX - Volatility Comparison
The current volatility for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) is 4.21%, while IBEX 35 Index (^IBEX) has a volatility of 6.24%. 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.