EIXIX vs. MBXAX
EIXIX (Catalyst Enhanced Income Strategy Fund) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - EIXIX is a Nontraditional Bonds fund managed by Catalyst Mutual Funds, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 5 years, EIXIX returned -4.70%/yr vs 7.12%/yr for MBXAX. Their -0.11 correlation means they have often moved in opposite directions in the past. EIXIX charges 1.50%/yr vs 2.18%/yr for MBXAX.
Performance
EIXIX vs. MBXAX - Performance Comparison
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Returns By Period
In the year-to-date period, EIXIX achieves a -7.35% return, which is significantly lower than MBXAX's 12.74% return.
EIXIX
- 1D
- -0.21%
- 1M
- 1.41%
- 6M
- -6.65%
- YTD
- -7.35%
- 1Y
- -13.47%
- 3Y*
- -5.49%
- 5Y*
- -4.70%
- 10Y*
- —
- ALL TIME*
- -0.01%
MBXAX
- 1D
- -0.29%
- 1M
- -2.04%
- 6M
- 8.41%
- YTD
- 12.74%
- 1Y
- 17.15%
- 3Y*
- 9.84%
- 5Y*
- 7.12%
- 10Y*
- 7.41%
- ALL TIME*
- 8.86%
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 |
EIXIX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIXIX Catalyst Enhanced Income Strategy Fund | -7.35% | -8.86% | 0.88% | -2.09% | -6.82% | 4.55% | 6.18% | 15.84% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 12.74% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 14.43% |
Correlation
The correlation between EIXIX and MBXAX is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | -0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2019 | -0.11 |
The correlation between EIXIX and MBXAX shifts across timeframes, from -0.30 (3 years) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIXIX vs. MBXAX — Risk / Return Rank
EIXIX
MBXAX
EIXIX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Enhanced Income Strategy Fund (EIXIX) 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.
| EIXIX | MBXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.66 | ||
| Sortino ratioReturn per unit of downside risk | -5.23 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.40 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 3.77 | -4.53 |
| Martin ratioReturn relative to average drawdown | -1.52 | 14.56 | -16.08 |
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Drawdowns
EIXIX vs. MBXAX - Drawdown Comparison
The maximum EIXIX drawdown since its inception was -24.46%, smaller than the maximum MBXAX drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for EIXIX and MBXAX.
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Drawdown Indicators
| EIXIX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -31.75% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -3.89% | -12.33% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -15.66% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -15.66% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.75% | — |
Current DrawdownCurrent decline from peak | -22.64% | -2.69% | -19.95% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -4.00% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.04% | 1.05% | +6.99% |
Volatility
EIXIX vs. MBXAX - Volatility Comparison
Catalyst Enhanced Income Strategy Fund (EIXIX) has a higher volatility of 3.73% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 1.59%. This indicates that EIXIX'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
| EIXIX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 1.59% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.69% | 4.87% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 6.87% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 11.39% | -6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 13.36% | -8.38% |
EIXIX vs. MBXAX - Expense Ratio Comparison
EIXIX has a 1.50% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Dividends
EIXIX vs. MBXAX - Dividend Comparison
EIXIX's dividend yield for the trailing twelve months is around 3.99%, while MBXAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EIXIX Catalyst Enhanced Income Strategy Fund | 3.99% | 7.24% | 9.31% | 8.57% | 6.68% | 7.11% | 5.65% | 4.00% | 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% |
Frequently Asked Questions
EIXIX and MBXAX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIXIX has higher volatility (3.73%) compared to MBXAX (1.59%). In terms of maximum drawdown, EIXIX dropped -24.46% vs MBXAX's -31.75%.
MBXAX currently has the higher Sharpe Ratio (2.13 vs -1.53), 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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