GPAIX vs. MBXAX
Compare and contrast key facts about Grant Park Multi Alternative Strategies Fund (GPAIX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX).
GPAIX is managed by Grant Park. It was launched on Dec 30, 2013. MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015.
Performance
GPAIX vs. MBXAX - Performance Comparison
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GPAIX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 1.93% | 12.24% | 1.33% | 4.02% | -1.88% | 5.70% | 9.09% | 14.33% | -5.96% | 12.36% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 7.93% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 13.59% | -2.43% | 13.69% |
Returns By Period
In the year-to-date period, GPAIX achieves a 1.93% return, which is significantly lower than MBXAX's 7.93% return. Over the past 10 years, GPAIX has underperformed MBXAX with an annualized return of 4.56%, while MBXAX has yielded a comparatively higher 8.00% annualized return.
GPAIX
- 1D
- 0.09%
- 1M
- -5.61%
- YTD
- 1.93%
- 6M
- 4.19%
- 1Y
- 13.01%
- 3Y*
- 6.78%
- 5Y*
- 4.17%
- 10Y*
- 4.56%
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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GPAIX vs. MBXAX - Expense Ratio Comparison
GPAIX has a 1.43% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Return for Risk
GPAIX vs. MBXAX — Risk / Return Rank
GPAIX
MBXAX
GPAIX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) 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.
| GPAIX | MBXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.31 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.75 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.23 | +0.93 |
Martin ratioReturn relative to average drawdown | 7.36 | 5.80 | +1.56 |
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
| GPAIX | MBXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.31 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.60 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.65 | +0.04 |
Correlation
The correlation between GPAIX and MBXAX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GPAIX vs. MBXAX - Dividend Comparison
GPAIX's dividend yield for the trailing twelve months is around 3.38%, while MBXAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 3.38% | 3.44% | 2.01% | 1.98% | 2.71% | 10.90% | 1.78% | 13.29% | 1.51% | 1.68% | 1.92% | 1.49% |
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% | 0.00% |
Drawdowns
GPAIX vs. MBXAX - Drawdown Comparison
The maximum GPAIX drawdown since its inception was -17.16%, smaller than the maximum MBXAX drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for GPAIX and MBXAX.
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Drawdown Indicators
| GPAIX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -31.75% | +14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -11.29% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -15.66% | +6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -17.16% | -31.75% | +14.59% |
Current DrawdownCurrent decline from peak | -5.61% | -1.64% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -4.11% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.39% | -0.62% |
Volatility
GPAIX vs. MBXAX - Volatility Comparison
Grant Park Multi Alternative Strategies Fund (GPAIX) has a higher volatility of 2.62% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 2.35%. This indicates that GPAIX'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
| GPAIX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.35% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 5.24% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 11.79% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 11.76% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.21% | 13.44% | -6.23% |