IIXIX vs. CLPAX

Last updated Jun 23, 2026

IIXIX (Catalyst Insider Income Fund) and CLPAX (Catalyst Nasdaq-100 Hedged Equity Fund) are both mutual funds - IIXIX is a Short-Term Bond fund managed by Catalyst Mutual Funds, while CLPAX is a Derivative Income fund managed by Catalyst Mutual Funds. Over the past 10 years, IIXIX returned 3.41%/yr vs 8.18%/yr for CLPAX. At a 0.31 correlation, their price movements are largely independent. IIXIX charges 0.75%/yr vs 1.74%/yr for CLPAX.

Performance

IIXIX vs. CLPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Insider Income Fund (IIXIX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IIXIX achieves a 1.05% return, which is significantly lower than CLPAX's 15.66% return. Over the past 10 years, IIXIX has underperformed CLPAX with an annualized return of 3.41%, while CLPAX has yielded a comparatively higher 8.18% annualized return.

IIXIX

• 1D: 0.00%
• 1M: 0.26%
• YTD: 1.05%
• 6M: 1.62%
• 1Y: 4.10%
• 3Y*: 6.09%
• 5Y*: 2.51%
• 10Y*: 3.41%

CLPAX

• 1D: 1.83%
• 1M: 1.17%
• YTD: 15.66%
• 6M: 14.39%
• 1Y: 28.25%
• 3Y*: 15.78%
• 5Y*: 8.76%
• 10Y*: 8.18%

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

IIXIX vs. CLPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IIXIX Catalyst Insider Income Fund	1.05%	5.51%	7.10%	8.24%	-8.92%	1.79%	6.60%	5.69%	3.20%	2.13%
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	15.66%	12.32%	11.42%	35.92%	-30.54%	13.11%	5.25%	19.41%	-3.65%	8.20%

Correlation

The correlation between IIXIX and CLPAX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 31, 2014	0.31

The correlation between IIXIX and CLPAX shifts across timeframes, from 0.21 (3 years) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IIXIX vs. CLPAX — Risk / Return Rank

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

IIXIX

IIXIX Risk / Return Rank: 83
IIXIX Sharpe Ratio Rank: 57
IIXIX Sortino Ratio Rank: 90
IIXIX Omega Ratio Rank: 92
IIXIX Calmar Ratio Rank: 85
IIXIX Martin Ratio Rank: 90

CLPAX

CLPAX Risk / Return Rank: 39
CLPAX Sharpe Ratio Rank: 47
CLPAX Sortino Ratio Rank: 43
CLPAX Omega Ratio Rank: 42
CLPAX Calmar Ratio Rank: 35
CLPAX Martin Ratio Rank: 27

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.

IIXIX vs. CLPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Insider Income Fund (IIXIX) 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.

	IIXIX	CLPAX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.87	+0.18
Sortino ratio: Return per unit of downside risk	4.07	2.55	+1.51
Omega ratio: Gain probability vs. loss probability	1.66	1.32	+0.33
Calmar ratio: Return relative to maximum drawdown	3.82	2.14	+1.68
Martin ratio: Return relative to average drawdown	16.53	5.90	+10.63

IIXIX vs. CLPAX - Sharpe Ratio Comparison

The current IIXIX Sharpe Ratio is 2.05, which is comparable to the CLPAX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of IIXIX and CLPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IIXIX vs. CLPAX - Drawdown Comparison

The maximum IIXIX drawdown since its inception was -11.43%, smaller than the maximum CLPAX drawdown of -32.47%. Use the drawdown chart below to compare losses from any high point for IIXIX and CLPAX.

Drawdown Indicators

	IIXIX	CLPAX	Difference
Max Drawdown Largest peak-to-trough decline	-11.43%	-32.47%	+21.04%
Max Drawdown (1Y) Largest decline over 1 year	-1.08%	-12.87%	+11.79%
Max Drawdown (3Y) Largest decline over 3 years	-1.76%	-18.37%	+16.61%
Max Drawdown (5Y) Largest decline over 5 years	-11.27%	-32.47%	+21.20%
Max Drawdown (10Y) Largest decline over 10 years	-11.43%	-32.47%	+21.04%
Current Drawdown Current decline from peak	-0.11%	-1.70%	+1.59%
Average Drawdown Average peak-to-trough decline	-1.84%	-8.06%	+6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	4.65%	-4.40%

Volatility

IIXIX vs. CLPAX - Volatility Comparison

The current volatility for Catalyst Insider Income Fund (IIXIX) is 0.56%, while Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) has a volatility of 6.33%. This indicates that IIXIX 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.

Volatility by Period

	IIXIX	CLPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	6.33%	-5.77%
Volatility (6M) Calculated over the trailing 6-month period	1.51%	11.52%	-10.01%
Volatility (1Y) Calculated over the trailing 1-year period	2.01%	14.75%	-12.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.41%	16.01%	-12.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.51%	14.57%	-11.06%

IIXIX vs. CLPAX - Expense Ratio Comparison

IIXIX has a 0.75% expense ratio, which is lower than CLPAX's 1.74% expense ratio.

Dividends

IIXIX vs. CLPAX - Dividend Comparison

IIXIX's dividend yield for the trailing twelve months is around 4.68%, less than CLPAX's 7.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	7.87%	9.10%	0.00%	0.00%	2.68%	0.32%	0.49%	5.41%	0.30%	0.02%	0.00%	17.26%
IIXIX Catalyst Insider Income Fund	4.68%	4.70%	4.05%	4.10%	3.17%	2.40%	3.50%	2.99%	2.41%	2.33%	2.20%	2.22%

Frequently Asked Questions

Can I hold both IIXIX and CLPAX in my portfolio?

IIXIX and CLPAX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IIXIX or CLPAX?

CLPAX has higher volatility (6.33%) compared to IIXIX (0.56%). In terms of maximum drawdown, IIXIX dropped -11.43% vs CLPAX's -32.47%.

Which has better risk-adjusted returns?

IIXIX currently has the higher Sharpe Ratio (2.05 vs 1.87), 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.