CNGLX vs. MBXIX
CNGLX (Commonwealth Global Fund) and MBXIX (Catalyst/Millburn Hedge Strategy Fund Class I) are both mutual funds - CNGLX is a Global Equities fund managed by Commonwealth Intl Series Tr, while MBXIX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, CNGLX returned 6.05%/yr vs 7.68%/yr for MBXIX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. CNGLX charges 2.49%/yr vs 2.04%/yr for MBXIX.
Performance
CNGLX vs. MBXIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CNGLX achieves a 10.62% return, which is significantly lower than MBXIX's 12.91% return. Over the past 10 years, CNGLX has underperformed MBXIX with an annualized return of 6.05%, while MBXIX has yielded a comparatively higher 7.68% annualized return.
CNGLX
- 1D
- 0.88%
- 1M
- 1.96%
- 6M
- 10.09%
- YTD
- 10.62%
- 1Y
- 18.36%
- 3Y*
- 7.78%
- 5Y*
- 3.49%
- 10Y*
- 6.05%
- ALL TIME*
- 5.43%
MBXIX
- 1D
- -0.28%
- 1M
- -2.01%
- 6M
- 8.54%
- YTD
- 12.91%
- 1Y
- 17.43%
- 3Y*
- 10.12%
- 5Y*
- 7.38%
- 10Y*
- 7.68%
- ALL TIME*
- 8.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CNGLX vs. MBXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNGLX Commonwealth Global Fund | 10.62% | 6.46% | 6.79% | 12.94% | -19.81% | 13.45% | 14.71% | 21.78% | -13.16% | 15.60% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 12.91% | 4.35% | 13.49% | -0.67% | 7.72% | 16.89% | -0.45% | 13.83% | -2.16% | 13.99% |
Correlation
The correlation between CNGLX and MBXIX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2015 | 0.54 |
The correlation between CNGLX and MBXIX shifts across timeframes, from 0.33 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CNGLX vs. MBXIX — Risk / Return Rank
CNGLX
MBXIX
CNGLX vs. MBXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commonwealth Global Fund (CNGLX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNGLX | MBXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.88 | -2.23 |
| Martin ratioReturn relative to average drawdown | 5.93 | 14.92 | -9.00 |
Loading charts...
Drawdowns
CNGLX vs. MBXIX - Drawdown Comparison
The maximum CNGLX drawdown since its inception was -58.14%, which is greater than MBXIX's maximum drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for CNGLX and MBXIX.
Loading charts...
Drawdown Indicators
| CNGLX | MBXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.14% | -31.73% | -26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -3.85% | -5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -15.59% | -3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -15.59% | -12.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -31.73% | -2.17% |
Current DrawdownCurrent decline from peak | 0.00% | -2.68% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -3.95% | -5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 1.04% | +1.68% |
Volatility
CNGLX vs. MBXIX - Volatility Comparison
Commonwealth Global Fund (CNGLX) has a higher volatility of 3.23% compared to Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) at 1.59%. This indicates that CNGLX's price experiences larger fluctuations and is considered to be riskier than MBXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CNGLX | MBXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 1.59% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 4.89% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.97% | 6.90% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 11.40% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 13.36% | +2.86% |
CNGLX vs. MBXIX - Expense Ratio Comparison
CNGLX has a 2.49% expense ratio, which is higher than MBXIX's 2.04% expense ratio.
Dividends
CNGLX vs. MBXIX - Dividend Comparison
CNGLX's dividend yield for the trailing twelve months is around 3.20%, while MBXIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNGLX Commonwealth Global Fund | 3.20% | 3.54% | 3.37% | 0.00% | 0.85% | 0.00% | 0.00% | 0.00% | 0.17% | 0.00% | 4.43% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 0.00% | 0.00% | 2.63% | 2.25% | 7.74% | 0.00% | 4.27% | 5.18% | 3.33% | 3.33% | 1.91% |
Frequently Asked Questions
CNGLX and MBXIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNGLX has higher volatility (3.23%) compared to MBXIX (1.59%). In terms of maximum drawdown, CNGLX dropped -58.14% vs MBXIX's -31.73%.
MBXIX currently has the higher Sharpe Ratio (2.16 vs 1.35), 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.
Find the right allocation for CNGLX and MBXIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer