MBXAX vs. EGRAX
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX).
MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015. EGRAX is an actively managed fund by Eaton Vance. It was launched on Dec 28, 2012.
Performance
MBXAX vs. EGRAX - Performance Comparison
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MBXAX vs. EGRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EGRAX Eaton Vance Global Macro Absolute Return Advantage Fund Class A | 3.57% | 20.06% | 9.19% | 8.10% | -2.30% | 3.35% | 4.49% | 14.43% | -8.66% | 5.49% |
Returns By Period
In the year-to-date period, MBXAX achieves a 7.93% return, which is significantly higher than EGRAX's 3.57% return. Over the past 10 years, MBXAX has outperformed EGRAX with an annualized return of 8.00%, while EGRAX has yielded a comparatively lower 6.04% annualized return.
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%
EGRAX
- 1D
- -0.50%
- 1M
- -2.86%
- YTD
- 3.57%
- 6M
- 9.82%
- 1Y
- 18.76%
- 3Y*
- 12.78%
- 5Y*
- 8.27%
- 10Y*
- 6.04%
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MBXAX vs. EGRAX - Expense Ratio Comparison
MBXAX has a 2.18% expense ratio, which is lower than EGRAX's 2.22% expense ratio.
Return for Risk
MBXAX vs. EGRAX — Risk / Return Rank
MBXAX
EGRAX
MBXAX vs. EGRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX). 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.
| MBXAX | EGRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 4.97 | -3.66 |
Sortino ratioReturn per unit of downside risk | 1.75 | 6.72 | -4.97 |
Omega ratioGain probability vs. loss probability | 1.31 | 2.31 | -1.00 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 6.07 | -4.84 |
Martin ratioReturn relative to average drawdown | 5.80 | 24.97 | -19.17 |
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
| MBXAX | EGRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 4.97 | -3.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 2.09 | -1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 1.54 | -0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.21 | -0.56 |
Correlation
The correlation between MBXAX and EGRAX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MBXAX vs. EGRAX - Dividend Comparison
MBXAX has not paid dividends to shareholders, while EGRAX's dividend yield for the trailing twelve months is around 6.52%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EGRAX Eaton Vance Global Macro Absolute Return Advantage Fund Class A | 6.52% | 6.76% | 5.86% | 3.18% | 4.53% | 4.58% | 5.61% | 4.02% | 0.00% | 2.82% | 1.47% | 6.42% |
Drawdowns
MBXAX vs. EGRAX - Drawdown Comparison
The maximum MBXAX drawdown since its inception was -31.75%, which is greater than EGRAX's maximum drawdown of -14.15%. Use the drawdown chart below to compare losses from any high point for MBXAX and EGRAX.
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Drawdown Indicators
| MBXAX | EGRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.75% | -14.15% | -17.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -3.02% | -8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -15.66% | -10.31% | -5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -31.75% | -14.15% | -17.60% |
Current DrawdownCurrent decline from peak | -1.64% | -3.02% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.94% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 0.73% | +1.66% |
Volatility
MBXAX vs. EGRAX - Volatility Comparison
Catalyst/Millburn Hedge Strategy Fund (MBXAX) has a higher volatility of 2.35% compared to Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX) at 1.98%. This indicates that MBXAX's price experiences larger fluctuations and is considered to be riskier than EGRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBXAX | EGRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 1.98% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 2.99% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 3.73% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 3.98% | +7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.44% | 3.94% | +9.50% |