MBXAX vs. EIXIX
MBXAX (Catalyst/Millburn Hedge Strategy Fund) and EIXIX (Catalyst Enhanced Income Strategy Fund) are both mutual funds - MBXAX is a Macro Trading fund managed by Catalyst Mutual Funds, while EIXIX is a Nontraditional Bonds fund managed by Catalyst Mutual Funds. Over the past 5 years, MBXAX returned 7.45%/yr vs -4.32%/yr for EIXIX. At a correlation of -0.11, they often move in opposite directions. MBXAX charges 2.18%/yr vs 1.50%/yr for EIXIX.
Performance
MBXAX vs. EIXIX - Performance Comparison
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Returns By Period
In the year-to-date period, MBXAX achieves a 14.91% return, which is significantly higher than EIXIX's -5.86% return.
MBXAX
- 1D
- 0.13%
- 1M
- 1.21%
- YTD
- 14.91%
- 6M
- 14.05%
- 1Y
- 19.80%
- 3Y*
- 11.80%
- 5Y*
- 7.45%
- 10Y*
- 8.59%
EIXIX
- 1D
- -0.63%
- 1M
- -0.96%
- YTD
- -5.86%
- 6M
- -5.55%
- 1Y
- -13.03%
- 3Y*
- -5.12%
- 5Y*
- -4.32%
- 10Y*
- —
MBXAX vs. EIXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MBXAX Catalyst/Millburn Hedge Strategy Fund | 14.91% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 14.43% |
EIXIX Catalyst Enhanced Income Strategy Fund | -5.86% | -8.86% | 0.88% | -2.09% | -6.82% | 4.55% | 6.18% | 15.84% |
Correlation
The correlation between MBXAX and EIXIX is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2019 | -0.11 |
The correlation between MBXAX and EIXIX shifts across timeframes, from -0.32 (3 years) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MBXAX vs. EIXIX — Risk / Return Rank
MBXAX
EIXIX
MBXAX vs. EIXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Catalyst Enhanced Income Strategy Fund (EIXIX). 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.
| MBXAX | EIXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.67 | ||
| Sortino ratioReturn per unit of downside risk | +6.57 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.72 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | -0.91 | +5.92 |
| Martin ratioReturn relative to average drawdown | 19.43 | -1.68 | +21.11 |
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Drawdowns
MBXAX vs. EIXIX - Drawdown Comparison
The maximum MBXAX drawdown since its inception was -31.75%, which is greater than EIXIX's maximum drawdown of -21.39%. Use the drawdown chart below to compare losses from any high point for MBXAX and EIXIX.
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Drawdown Indicators
| MBXAX | EIXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.75% | -21.39% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -13.76% | +9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -16.70% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.66% | -21.39% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -31.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -21.39% | +21.39% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -5.48% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 7.41% | -6.41% |
Volatility
MBXAX vs. EIXIX - Volatility Comparison
The current volatility for Catalyst/Millburn Hedge Strategy Fund (MBXAX) is 1.55%, while Catalyst Enhanced Income Strategy Fund (EIXIX) has a volatility of 1.82%. This indicates that MBXAX experiences smaller price fluctuations and is considered to be less risky than EIXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBXAX | EIXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.82% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 4.86% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.93% | 6.78% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 4.40% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 4.70% | +8.71% |
MBXAX vs. EIXIX - Expense Ratio Comparison
MBXAX has a 2.18% expense ratio, which is higher than EIXIX's 1.50% expense ratio.
Dividends
MBXAX vs. EIXIX - Dividend Comparison
MBXAX has not paid dividends to shareholders, while EIXIX's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EIXIX Catalyst Enhanced Income Strategy Fund | 5.14% | 7.24% | 9.31% | 8.57% | 6.68% | 7.11% | 5.65% | 4.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
MBXAX and EIXIX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIXIX has higher volatility (1.82%) compared to MBXAX (1.55%). In terms of maximum drawdown, MBXAX dropped -31.75% vs EIXIX's -21.39%.
MBXAX currently has the higher Sharpe Ratio (2.82 vs -1.85), 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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