EIXIX vs. FPFIX

Last updated Jun 5, 2026

EIXIX (Catalyst Enhanced Income Strategy Fund) and FPFIX (FPA Flexible Fixed Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, EIXIX returned -4.02%/yr vs 3.48%/yr for FPFIX. A 0.54 correlation means they provide meaningful diversification when combined. EIXIX charges 1.50%/yr vs 0.51%/yr for FPFIX.

Performance

EIXIX vs. FPFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Enhanced Income Strategy Fund (EIXIX) and FPA Flexible Fixed Income Fund (FPFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIXIX achieves a -4.37% return, which is significantly lower than FPFIX's -0.21% return.

EIXIX

• 1D: -0.31%
• 1M: -1.39%
• YTD: -4.37%
• 6M: -7.59%
• 1Y: -11.20%
• 3Y*: -4.80%
• 5Y*: -4.02%
• 10Y*: —

FPFIX

• 1D: -0.10%
• 1M: -0.08%
• YTD: -0.21%
• 6M: 0.10%
• 1Y: 3.66%
• 3Y*: 5.74%
• 5Y*: 3.48%
• 10Y*: —

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

EIXIX vs. FPFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EIXIX Catalyst Enhanced Income Strategy Fund	-4.37%	-8.86%	0.88%	-2.09%	-6.82%	4.55%	6.18%	15.84%
FPFIX FPA Flexible Fixed Income Fund	-0.21%	6.87%	5.28%	8.11%	-2.82%	1.77%	4.71%	3.68%

Correlation

The correlation between EIXIX and FPFIX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 10, 2019	0.54

Over the past year, EIXIX and FPFIX have become more correlated (0.78) than their long-term average of 0.54, meaning their price movements have been converging.

Return for Risk

EIXIX vs. FPFIX — Risk / Return Rank

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

EIXIX

EIXIX Risk / Return Rank: 0
EIXIX Sharpe Ratio Rank: 0
EIXIX Sortino Ratio Rank: 0
EIXIX Omega Ratio Rank: 0
EIXIX Calmar Ratio Rank: 1
EIXIX Martin Ratio Rank: 0

FPFIX

FPFIX Risk / Return Rank: 32
FPFIX Sharpe Ratio Rank: 34
FPFIX Sortino Ratio Rank: 36
FPFIX Omega Ratio Rank: 38
FPFIX Calmar Ratio Rank: 28
FPFIX Martin Ratio Rank: 23

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.

EIXIX vs. FPFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Enhanced Income Strategy Fund (EIXIX) and FPA Flexible Fixed Income Fund (FPFIX). 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.

	EIXIX	FPFIX	Difference
Sharpe ratio: Return per unit of total volatility	-1.58	1.67	-3.24
Sortino ratio: Return per unit of downside risk	-2.07	2.48	-4.55
Omega ratio: Gain probability vs. loss probability	0.76	1.33	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.80	1.95	-2.75
Martin ratio: Return relative to average drawdown	-1.55	5.65	-7.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIXIX vs. FPFIX - Sharpe Ratio Comparison

The current EIXIX Sharpe Ratio is -1.58, which is lower than the FPFIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of EIXIX and FPFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EIXIX	FPFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.58	1.67	-3.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.93	1.51	-2.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.76	-1.67

Drawdowns

EIXIX vs. FPFIX - Drawdown Comparison

The maximum EIXIX drawdown since its inception was -21.00%, which is greater than FPFIX's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for EIXIX and FPFIX.

Drawdown Indicators

	EIXIX	FPFIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.00%	-4.11%	-16.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	-2.10%	-11.24%
Max Drawdown (3Y) Largest decline over 3 years	-16.29%	-2.10%	-14.19%
Max Drawdown (5Y) Largest decline over 5 years	-21.00%	-4.11%	-16.89%
Current Drawdown Current decline from peak	-20.15%	-1.60%	-18.55%
Average Drawdown Average peak-to-trough decline	-5.39%	-0.59%	-4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	0.72%	+6.15%

Volatility

EIXIX vs. FPFIX - Volatility Comparison

Catalyst Enhanced Income Strategy Fund (EIXIX) has a higher volatility of 2.02% compared to FPA Flexible Fixed Income Fund (FPFIX) at 0.77%. This indicates that EIXIX's price experiences larger fluctuations and is considered to be riskier than FPFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIXIX	FPFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.02%	0.77%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	5.25%	1.74%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	6.75%	2.45%	+4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.34%	2.32%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	2.08%	+2.60%

EIXIX vs. FPFIX - Expense Ratio Comparison

EIXIX has a 1.50% expense ratio, which is higher than FPFIX's 0.51% expense ratio.

Dividends

EIXIX vs. FPFIX - Dividend Comparison

EIXIX's dividend yield for the trailing twelve months is around 5.06%, more than FPFIX's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EIXIX Catalyst Enhanced Income Strategy Fund	5.06%	7.24%	9.31%	8.57%	6.68%	7.11%	5.65%	4.00%
FPFIX FPA Flexible Fixed Income Fund	3.75%	3.78%	4.76%	3.95%	2.92%	2.26%	3.00%	2.42%

Frequently Asked Questions

Can I hold both EIXIX and FPFIX in my portfolio?

EIXIX and FPFIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIXIX or FPFIX?

EIXIX has higher volatility (2.02%) compared to FPFIX (0.77%). In terms of maximum drawdown, EIXIX dropped -21.00% vs FPFIX's -4.11%.

Which has better risk-adjusted returns?

FPFIX currently has the higher Sharpe Ratio (1.67 vs -1.58), 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.