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.
Correlation
The correlation between CLPAX and ^IBEX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CLPAX vs. ^IBEX - Performance Comparison
Key characteristics
CLPAX:
0.46
^IBEX:
1.30
CLPAX:
0.77
^IBEX:
1.71
CLPAX:
1.10
^IBEX:
1.25
CLPAX:
0.46
^IBEX:
0.62
CLPAX:
1.40
^IBEX:
6.74
CLPAX:
5.97%
^IBEX:
3.22%
CLPAX:
18.18%
^IBEX:
16.65%
CLPAX:
-36.85%
^IBEX:
-62.65%
CLPAX:
-8.86%
^IBEX:
-15.67%
Returns By Period
In the year-to-date period, CLPAX achieves a -3.98% return, which is significantly lower than ^IBEX's 15.97% return. Over the past 10 years, CLPAX has underperformed ^IBEX with an annualized return of 0.63%, while ^IBEX has yielded a comparatively higher 1.83% annualized return.
CLPAX
-3.98%
11.65%
-1.34%
6.72%
5.55%
0.63%
^IBEX
15.97%
8.25%
13.54%
23.88%
14.48%
1.83%
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Risk-Adjusted Performance
CLPAX vs. ^IBEX — Risk-Adjusted Performance Rank
CLPAX
^IBEX
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 9.80%, while IBEX 35 Index (^IBEX) has a volatility of 12.74%. 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.