MAGRX vs. MLXIX

Last updated Jun 24, 2026

MAGRX (BlackRock Natural Resources Trust Fund) and MLXIX (Catalyst Energy Infrastructure Fund) are both Energy Equities funds. Over the past 10 years, MAGRX returned 9.35%/yr vs 10.92%/yr for MLXIX. A 0.70 correlation means they provide meaningful diversification when combined. MAGRX charges 0.87%/yr vs 1.43%/yr for MLXIX.

Performance

MAGRX vs. MLXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Natural Resources Trust Fund (MAGRX) and Catalyst Energy Infrastructure Fund (MLXIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGRX achieves a 11.11% return, which is significantly lower than MLXIX's 27.16% return. Over the past 10 years, MAGRX has underperformed MLXIX with an annualized return of 9.35%, while MLXIX has yielded a comparatively higher 10.92% annualized return.

MAGRX

• 1D: 0.21%
• 1M: -4.49%
• YTD: 11.11%
• 6M: 10.41%
• 1Y: 31.35%
• 3Y*: 13.05%
• 5Y*: 10.88%
• 10Y*: 9.35%

MLXIX

• 1D: 1.13%
• 1M: -7.45%
• YTD: 27.16%
• 6M: 26.91%
• 1Y: 18.33%
• 3Y*: 22.90%
• 5Y*: 19.19%
• 10Y*: 10.92%

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

MAGRX vs. MLXIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAGRX BlackRock Natural Resources Trust Fund	11.11%	30.26%	-5.65%	-1.36%	17.20%	30.76%	3.20%	15.34%	-17.95%	8.20%
MLXIX Catalyst Energy Infrastructure Fund	27.16%	-8.56%	45.26%	15.34%	27.02%	42.04%	-20.02%	12.05%	-18.48%	-13.83%

Correlation

The correlation between MAGRX and MLXIX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 24, 2014	0.70

Over the past year, the correlation between MAGRX and MLXIX has dropped to 0.27 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

MAGRX vs. MLXIX — Risk / Return Rank

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

MAGRX

MAGRX Risk / Return Rank: 50
MAGRX Sharpe Ratio Rank: 44
MAGRX Sortino Ratio Rank: 37
MAGRX Omega Ratio Rank: 40
MAGRX Calmar Ratio Rank: 78
MAGRX Martin Ratio Rank: 52

MLXIX

MLXIX Risk / Return Rank: 10
MLXIX Sharpe Ratio Rank: 10
MLXIX Sortino Ratio Rank: 10
MLXIX Omega Ratio Rank: 9
MLXIX Calmar Ratio Rank: 11
MLXIX Martin Ratio Rank: 8

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.

MAGRX vs. MLXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Natural Resources Trust Fund (MAGRX) and Catalyst Energy Infrastructure Fund (MLXIX). 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.

	MAGRX	MLXIX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.77	+1.03
Sortino ratio: Return per unit of downside risk	2.35	1.17	+1.18
Omega ratio: Gain probability vs. loss probability	1.31	1.14	+0.17
Calmar ratio: Return relative to maximum drawdown	3.36	1.02	+2.34
Martin ratio: Return relative to average drawdown	9.99	1.98	+8.02

MAGRX vs. MLXIX - Sharpe Ratio Comparison

The current MAGRX Sharpe Ratio is 1.80, which is higher than the MLXIX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of MAGRX and MLXIX, 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

MAGRX vs. MLXIX - Drawdown Comparison

The maximum MAGRX drawdown since its inception was -65.68%, smaller than the maximum MLXIX drawdown of -76.78%. Use the drawdown chart below to compare losses from any high point for MAGRX and MLXIX.

Drawdown Indicators

	MAGRX	MLXIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.68%	-76.78%	+11.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.27%	-15.44%	+6.17%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	-22.14%	+2.68%
Max Drawdown (5Y) Largest decline over 5 years	-26.30%	-22.14%	-4.16%
Max Drawdown (10Y) Largest decline over 10 years	-50.11%	-72.63%	+22.52%
Current Drawdown Current decline from peak	-8.94%	-8.85%	-0.09%
Average Drawdown Average peak-to-trough decline	-15.92%	-23.12%	+7.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	7.95%	-4.84%

Volatility

MAGRX vs. MLXIX - Volatility Comparison

The current volatility for BlackRock Natural Resources Trust Fund (MAGRX) is 5.44%, while Catalyst Energy Infrastructure Fund (MLXIX) has a volatility of 7.19%. This indicates that MAGRX experiences smaller price fluctuations and is considered to be less risky than MLXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGRX	MLXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	7.19%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	13.70%	16.43%	-2.73%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	20.48%	-3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.98%	22.47%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.53%	28.15%	-5.62%

MAGRX vs. MLXIX - Expense Ratio Comparison

MAGRX has a 0.87% expense ratio, which is lower than MLXIX's 1.43% expense ratio.

Dividends

MAGRX vs. MLXIX - Dividend Comparison

MAGRX's dividend yield for the trailing twelve months is around 7.60%, more than MLXIX's 7.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGRX BlackRock Natural Resources Trust Fund	7.60%	8.44%	3.32%	4.16%	10.86%	3.90%	2.07%	2.97%	20.12%	49.72%	0.87%	8.29%
MLXIX Catalyst Energy Infrastructure Fund	7.01%	8.26%	5.02%	6.67%	7.15%	8.26%	14.52%	15.93%	15.62%	11.37%	8.76%	11.47%

Frequently Asked Questions

Can I hold both MAGRX and MLXIX in my portfolio?

MAGRX and MLXIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGRX or MLXIX?

MLXIX has higher volatility (7.19%) compared to MAGRX (5.44%). In terms of maximum drawdown, MAGRX dropped -65.68% vs MLXIX's -76.78%.

Which has better risk-adjusted returns?

MAGRX currently has the higher Sharpe Ratio (1.80 vs 0.77), 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.