DGSCX vs. MBXAX
DGSCX (Virtus Global Small-Cap Fund) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - DGSCX is a Global Equities fund managed by Allianz, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, DGSCX returned 7.55%/yr vs 7.59%/yr for MBXAX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. DGSCX charges 1.28%/yr vs 2.18%/yr for MBXAX.
Performance
DGSCX vs. MBXAX - Performance Comparison
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Returns By Period
In the year-to-date period, DGSCX achieves a 5.97% return, which is significantly lower than MBXAX's 13.56% return. Both investments have delivered pretty close results over the past 10 years, with DGSCX having a 7.55% annualized return and MBXAX not far ahead at 7.59%.
DGSCX
- 1D
- -0.23%
- 1M
- 0.00%
- 6M
- 0.84%
- YTD
- 5.97%
- 1Y
- -0.62%
- 3Y*
- 7.12%
- 5Y*
- 1.58%
- 10Y*
- 7.55%
- ALL TIME*
- 8.15%
MBXAX
- 1D
- 0.73%
- 1M
- -1.32%
- 6M
- 9.10%
- YTD
- 13.56%
- 1Y
- 18.00%
- 3Y*
- 9.79%
- 5Y*
- 7.27%
- 10Y*
- 7.59%
- ALL TIME*
- 8.93%
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 |
DGSCX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGSCX Virtus Global Small-Cap Fund | 5.97% | -0.96% | 9.71% | 24.03% | -24.11% | 11.23% | 29.79% | 23.02% | -16.82% | 26.86% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 13.56% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 13.59% | -2.43% | 13.69% |
Correlation
The correlation between DGSCX and MBXAX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.53 |
Over the past year, the correlation between DGSCX and MBXAX has dropped to 0.27 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
DGSCX vs. MBXAX — Risk / Return Rank
DGSCX
MBXAX
DGSCX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Global Small-Cap Fund (DGSCX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX). 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.
| DGSCX | MBXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 4.17 | -4.27 |
| Martin ratioReturn relative to average drawdown | -0.22 | 16.27 | -16.49 |
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Drawdowns
DGSCX vs. MBXAX - Drawdown Comparison
The maximum DGSCX drawdown since its inception was -68.18%, which is greater than MBXAX's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for DGSCX and MBXAX.
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Drawdown Indicators
| DGSCX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.18% | -31.75% | -36.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -3.89% | -12.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -15.66% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -37.49% | -15.66% | -21.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.29% | -31.75% | -8.54% |
Current DrawdownCurrent decline from peak | -5.45% | -1.98% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -19.61% | -4.00% | -15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 1.01% | +6.92% |
Volatility
DGSCX vs. MBXAX - Volatility Comparison
Virtus Global Small-Cap Fund (DGSCX) has a higher volatility of 2.94% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 1.78%. This indicates that DGSCX's price experiences larger fluctuations and is considered to be riskier than MBXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGSCX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 1.78% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 4.91% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 6.90% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 11.39% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 13.36% | +5.77% |
DGSCX vs. MBXAX - Expense Ratio Comparison
DGSCX has a 1.28% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Dividends
DGSCX vs. MBXAX - Dividend Comparison
DGSCX's dividend yield for the trailing twelve months is around 4.35%, while MBXAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DGSCX Virtus Global Small-Cap Fund | 4.35% | 4.61% | 14.50% | 0.84% | 2.64% | 30.56% | 4.16% | 7.03% | 21.96% | 7.99% | 0.00% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 0.00% | 0.00% | 2.43% | 2.02% | 7.57% | 0.00% | 3.92% | 4.96% | 3.07% | 3.35% | 1.82% |
Frequently Asked Questions
DGSCX and MBXAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGSCX has higher volatility (2.94%) compared to MBXAX (1.78%). In terms of maximum drawdown, DGSCX dropped -68.18% vs MBXAX's -31.75%.
MBXAX currently has the higher Sharpe Ratio (2.36 vs -0.14), 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.
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