MBXAX vs. AIQ
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Global X Artificial Intelligence & Technology ETF (AIQ).
MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015. AIQ is a passively managed fund by Global X that tracks the performance of the Indxx Artificial Intelligence & Big Data Index. It was launched on May 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBXAX or AIQ.
Correlation
The correlation between MBXAX and AIQ is 0.46, 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.
Performance
MBXAX vs. AIQ - Performance Comparison
Key characteristics
MBXAX:
1.49
AIQ:
1.23
MBXAX:
2.07
AIQ:
1.70
MBXAX:
1.28
AIQ:
1.22
MBXAX:
1.89
AIQ:
1.70
MBXAX:
4.93
AIQ:
6.35
MBXAX:
3.24%
AIQ:
3.74%
MBXAX:
10.74%
AIQ:
19.37%
MBXAX:
-31.75%
AIQ:
-44.66%
MBXAX:
0.00%
AIQ:
-6.06%
Returns By Period
In the year-to-date period, MBXAX achieves a 4.18% return, which is significantly higher than AIQ's -1.40% return.
MBXAX
4.18%
2.90%
2.99%
16.05%
6.46%
N/A
AIQ
-1.40%
-5.06%
3.14%
23.60%
15.39%
N/A
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MBXAX vs. AIQ - Expense Ratio Comparison
MBXAX has a 2.18% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
MBXAX vs. AIQ — Risk-Adjusted Performance Rank
MBXAX
AIQ
MBXAX vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.
Dividends
MBXAX vs. AIQ - Dividend Comparison
MBXAX's dividend yield for the trailing twelve months is around 1.60%, more than AIQ's 0.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBXAX Catalyst/Millburn Hedge Strategy Fund | 1.60% | 1.67% | 1.60% | 3.97% | 0.00% | 3.92% | 4.96% | 1.50% | 0.00% | 1.22% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% | 0.00% |
Drawdowns
MBXAX vs. AIQ - Drawdown Comparison
The maximum MBXAX drawdown since its inception was -31.75%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for MBXAX and AIQ. For additional features, visit the drawdowns tool.
Volatility
MBXAX vs. AIQ - Volatility Comparison
The current volatility for Catalyst/Millburn Hedge Strategy Fund (MBXAX) is 2.94%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.75%. This indicates that MBXAX experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.