HIIFX vs. CLPAX
HIIFX (Catalyst/SMH High Income Fund) and CLPAX (Catalyst Nasdaq-100 Hedged Equity Fund) are both mutual funds - HIIFX is a High Yield Bonds fund managed by Catalyst Mutual Funds, while CLPAX is a Derivative Income fund managed by Catalyst Mutual Funds. Over the past 10 years, HIIFX returned 7.06%/yr vs 7.01%/yr for CLPAX. Their 0.35 correlation means their historical movements had little consistent relationship. HIIFX charges 1.49%/yr vs 1.74%/yr for CLPAX.
Performance
HIIFX vs. CLPAX - Performance Comparison
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Returns By Period
In the year-to-date period, HIIFX achieves a 2.92% return, which is significantly lower than CLPAX's 7.57% return. Both investments have delivered pretty close results over the past 10 years, with HIIFX having a 7.06% annualized return and CLPAX not far behind at 7.01%.
HIIFX
- 1D
- 0.40%
- 1M
- -1.31%
- 6M
- 2.00%
- YTD
- 2.92%
- 1Y
- 13.42%
- 3Y*
- 11.30%
- 5Y*
- 5.37%
- 10Y*
- 7.06%
- ALL TIME*
- 1.53%
CLPAX
- 1D
- 1.76%
- 1M
- -3.34%
- 6M
- 6.47%
- YTD
- 7.57%
- 1Y
- 15.02%
- 3Y*
- 12.20%
- 5Y*
- 5.95%
- 10Y*
- 7.01%
- ALL TIME*
- 5.96%
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 |
HIIFX vs. CLPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIIFX Catalyst/SMH High Income Fund | 2.92% | 15.31% | 8.33% | 16.44% | -13.48% | 8.03% | 10.00% | 8.36% | -1.46% | 9.58% |
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 7.57% | 12.32% | 11.42% | 35.92% | -30.54% | 13.11% | 5.25% | 19.41% | -3.65% | 8.20% |
Correlation
The correlation between HIIFX and CLPAX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.35 |
Over the past year, HIIFX and CLPAX have become more correlated (0.56) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
HIIFX vs. CLPAX — Risk / Return Rank
HIIFX
CLPAX
HIIFX vs. CLPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). 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.
| HIIFX | CLPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.14 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.96 | +1.49 |
| Martin ratioReturn relative to average drawdown | 8.10 | 2.42 | +5.68 |
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Drawdowns
HIIFX vs. CLPAX - Drawdown Comparison
The maximum HIIFX drawdown since its inception was -51.29%, which is greater than CLPAX's maximum drawdown of -32.47%. Use the drawdown chart below to compare losses from any high point for HIIFX and CLPAX.
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Drawdown Indicators
| HIIFX | CLPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.29% | -32.47% | -18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -12.87% | +7.98% |
Max Drawdown (3Y)Largest decline over 3 years | -8.46% | -18.37% | +9.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -32.47% | +13.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -32.47% | +13.89% |
Current DrawdownCurrent decline from peak | -1.55% | -8.58% | +7.03% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -8.04% | -7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 5.09% | -3.61% |
Volatility
HIIFX vs. CLPAX - Volatility Comparison
The current volatility for Catalyst/SMH High Income Fund (HIIFX) is 1.64%, while Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) has a volatility of 4.33%. This indicates that HIIFX experiences smaller price fluctuations and is considered to be less risky than CLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIIFX | CLPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 4.33% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 12.12% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 15.44% | -8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 16.16% | -9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 14.55% | -8.62% |
HIIFX vs. CLPAX - Expense Ratio Comparison
HIIFX has a 1.49% expense ratio, which is lower than CLPAX's 1.74% expense ratio.
Dividends
HIIFX vs. CLPAX - Dividend Comparison
HIIFX's dividend yield for the trailing twelve months is around 5.93%, less than CLPAX's 8.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 8.46% | 9.10% | 0.00% | 0.00% | 2.68% | 0.32% | 0.49% | 5.41% | 0.30% | 0.02% | 0.00% | 17.26% |
HIIFX Catalyst/SMH High Income Fund | 5.93% | 4.65% | 6.03% | 6.55% | 6.64% | 4.03% | 5.00% | 5.37% | 5.61% | 5.50% | 6.81% | 12.14% |
Frequently Asked Questions
HIIFX and CLPAX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLPAX has higher volatility (4.33%) compared to HIIFX (1.64%). In terms of maximum drawdown, HIIFX dropped -51.29% vs CLPAX's -32.47%.
HIIFX currently has the higher Sharpe Ratio (1.80 vs 0.80), 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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