CPEAX vs. HIIFX

Last updated Apr 1, 2026

Compare and contrast key facts about Catalyst Dynamic Alpha Fund (CPEAX) and Catalyst/SMH High Income Fund (HIIFX).

CPEAX is managed by Catalyst Mutual Funds. It was launched on Dec 22, 2011. HIIFX is managed by Catalyst Mutual Funds. It was launched on May 21, 2008.

Performance

CPEAX vs. HIIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Dynamic Alpha Fund (CPEAX) and Catalyst/SMH High Income Fund (HIIFX). The values are adjusted to include any dividend payments, if applicable.

CPEAX vs. HIIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPEAX Catalyst Dynamic Alpha Fund	-5.75%	9.98%	22.02%	13.44%	-14.87%	19.59%	21.00%	11.14%	-4.35%	26.91%
HIIFX Catalyst/SMH High Income Fund	-2.26%	15.31%	8.33%	16.44%	-13.48%	8.03%	10.00%	8.36%	-1.46%	9.58%

Returns By Period

In the year-to-date period, CPEAX achieves a -5.75% return, which is significantly lower than HIIFX's -2.26% return. Over the past 10 years, CPEAX has outperformed HIIFX with an annualized return of 10.42%, while HIIFX has yielded a comparatively lower 8.25% annualized return.

CPEAX

• 1D: -2.50%
• 1M: -10.22%
• YTD: -5.75%
• 6M: -7.91%
• 1Y: 14.56%
• 3Y*: 12.22%
• 5Y*: 7.87%
• 10Y*: 10.42%

HIIFX

• 1D: 0.77%
• 1M: -1.17%
• YTD: -2.26%
• 6M: -1.18%
• 1Y: 14.79%
• 3Y*: 11.42%
• 5Y*: 4.98%
• 10Y*: 8.25%

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

CPEAX vs. HIIFX - Expense Ratio Comparison

CPEAX has a 1.38% expense ratio, which is lower than HIIFX's 1.49% expense ratio.

HIIFX

Catalyst/SMH High Income Fund

CPEAX

Catalyst Dynamic Alpha Fund

Return for Risk

CPEAX vs. HIIFX — Risk / Return Rank

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

CPEAX

CPEAX Risk / Return Rank: 32
CPEAX Sharpe Ratio Rank: 29
CPEAX Sortino Ratio Rank: 29
CPEAX Omega Ratio Rank: 28
CPEAX Calmar Ratio Rank: 38
CPEAX Martin Ratio Rank: 35

HIIFX

HIIFX Risk / Return Rank: 87
HIIFX Sharpe Ratio Rank: 90
HIIFX Sortino Ratio Rank: 90
HIIFX Omega Ratio Rank: 85
HIIFX Calmar Ratio Rank: 92
HIIFX Martin Ratio Rank: 79

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.

CPEAX vs. HIIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Dynamic Alpha Fund (CPEAX) and Catalyst/SMH High Income Fund (HIIFX). 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.

	CPEAX	HIIFX	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.93	-1.23
Sortino ratio Return per unit of downside risk	1.07	2.65	-1.59
Omega ratio Gain probability vs. loss probability	1.15	1.36	-0.21
Calmar ratio Return relative to maximum drawdown	1.02	2.87	-1.86
Martin ratio Return relative to average drawdown	3.72	8.21	-4.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPEAX vs. HIIFX - Sharpe Ratio Comparison

The current CPEAX Sharpe Ratio is 0.70, which is lower than the HIIFX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of CPEAX and HIIFX, 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

	CPEAX	HIIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.93	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.78	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	1.38	-0.86
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.17	+0.47

Correlation

The correlation between CPEAX and HIIFX is 0.32, 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.

Dividends

CPEAX vs. HIIFX - Dividend Comparison

CPEAX's dividend yield for the trailing twelve months is around 16.71%, more than HIIFX's 5.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPEAX Catalyst Dynamic Alpha Fund	16.71%	15.75%	9.57%	0.00%	1.21%	30.88%	0.00%	0.12%	19.37%	2.32%	0.00%	1.36%
HIIFX Catalyst/SMH High Income Fund	5.50%	4.65%	6.03%	6.55%	6.64%	4.03%	5.00%	5.37%	5.61%	5.50%	6.81%	12.14%

Drawdowns

CPEAX vs. HIIFX - Drawdown Comparison

The maximum CPEAX drawdown since its inception was -34.39%, smaller than the maximum HIIFX drawdown of -51.29%. Use the drawdown chart below to compare losses from any high point for CPEAX and HIIFX.

Drawdown Indicators

	CPEAX	HIIFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-51.29%	+16.90%
Max Drawdown (1Y) Largest decline over 1 year	-13.96%	-5.26%	-8.70%
Max Drawdown (5Y) Largest decline over 5 years	-26.28%	-18.58%	-7.70%
Max Drawdown (10Y) Largest decline over 10 years	-34.39%	-18.58%	-15.81%
Current Drawdown Current decline from peak	-12.61%	-4.15%	-8.46%
Average Drawdown Average peak-to-trough decline	-5.35%	-15.41%	+10.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	1.84%	+1.97%

Volatility

CPEAX vs. HIIFX - Volatility Comparison

Catalyst Dynamic Alpha Fund (CPEAX) has a higher volatility of 8.55% compared to Catalyst/SMH High Income Fund (HIIFX) at 2.48%. This indicates that CPEAX's price experiences larger fluctuations and is considered to be riskier than HIIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPEAX	HIIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	2.48%	+6.07%
Volatility (6M) Calculated over the trailing 6-month period	16.35%	4.86%	+11.49%
Volatility (1Y) Calculated over the trailing 1-year period	23.86%	8.03%	+15.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	6.43%	+13.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.29%	6.00%	+14.29%