EBSAX vs. MBXAX
Compare and contrast key facts about Campbell Systematic Macro Fund Class A Shares (EBSAX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX).
EBSAX is managed by Campbell & Company. It was launched on Mar 4, 2013. MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015.
Performance
EBSAX vs. MBXAX - Performance Comparison
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EBSAX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EBSAX Campbell Systematic Macro Fund Class A Shares | 7.79% | -1.34% | 11.28% | -2.11% | 30.56% | 8.90% | 4.88% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 7.93% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | 14.14% |
Returns By Period
The year-to-date returns for both investments are quite close, with EBSAX having a 7.79% return and MBXAX slightly higher at 7.93%.
EBSAX
- 1D
- 0.10%
- 1M
- 3.00%
- YTD
- 7.79%
- 6M
- 4.61%
- 1Y
- 0.91%
- 3Y*
- 3.76%
- 5Y*
- 9.34%
- 10Y*
- —
MBXAX
- 1D
- -0.51%
- 1M
- 1.48%
- YTD
- 7.93%
- 6M
- 9.84%
- 1Y
- 14.46%
- 3Y*
- 9.68%
- 5Y*
- 8.02%
- 10Y*
- 8.00%
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EBSAX vs. MBXAX - Expense Ratio Comparison
EBSAX has a 2.00% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Return for Risk
EBSAX vs. MBXAX — Risk / Return Rank
EBSAX
MBXAX
EBSAX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Campbell Systematic Macro Fund Class A Shares (EBSAX) 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.
| EBSAX | MBXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 1.31 | -1.13 |
Sortino ratioReturn per unit of downside risk | 0.30 | 1.75 | -1.46 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 1.23 | -1.03 |
Martin ratioReturn relative to average drawdown | 0.33 | 5.80 | -5.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EBSAX | MBXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 1.31 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.69 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.65 | +0.47 |
Correlation
The correlation between EBSAX and MBXAX is 0.38, 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
EBSAX vs. MBXAX - Dividend Comparison
EBSAX's dividend yield for the trailing twelve months is around 2.78%, while MBXAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EBSAX Campbell Systematic Macro Fund Class A Shares | 2.78% | 3.00% | 2.59% | 1.45% | 15.15% | 7.02% | 0.00% | 0.00% | 0.00% | 0.00% | 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% |
Drawdowns
EBSAX vs. MBXAX - Drawdown Comparison
The maximum EBSAX drawdown since its inception was -11.15%, smaller than the maximum MBXAX drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for EBSAX and MBXAX.
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Drawdown Indicators
| EBSAX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -31.75% | +20.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -11.29% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -15.66% | +4.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.64% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.11% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 2.39% | +2.16% |
Volatility
EBSAX vs. MBXAX - Volatility Comparison
Campbell Systematic Macro Fund Class A Shares (EBSAX) has a higher volatility of 3.09% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 2.35%. This indicates that EBSAX'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
| EBSAX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.35% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 6.29% | 5.24% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 11.79% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.61% | 11.76% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 13.44% | -3.91% |