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 7.17%/yr vs -5.13%/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 14.38% return, which is significantly higher than EIXIX's -9.53% return.
MBXAX
- 1D
- -0.07%
- 1M
- 0.13%
- 6M
- 10.71%
- YTD
- 14.38%
- 1Y
- 16.06%
- 3Y*
- 9.95%
- 5Y*
- 7.17%
- 10Y*
- 7.76%
EIXIX
- 1D
- -0.49%
- 1M
- -5.39%
- 6M
- -9.13%
- YTD
- -9.53%
- 1Y
- -15.80%
- 3Y*
- -6.26%
- 5Y*
- -5.13%
- 10Y*
- —
MBXAX vs. EIXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MBXAX Catalyst/Millburn Hedge Strategy Fund | 14.38% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 14.43% |
EIXIX Catalyst Enhanced Income Strategy Fund | -9.53% | -8.86% | 0.88% | -2.09% | -6.82% | 4.55% | 6.18% | 15.84% |
Correlation
The correlation between MBXAX and EIXIX is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
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 -0.30 (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 | +4.71 | ||
| Sortino ratioReturn per unit of downside risk | +6.49 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.65 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | -1.01 | +5.36 |
| Martin ratioReturn relative to average drawdown | 16.73 | -2.21 | +18.95 |
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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 -24.46%. 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% | -24.46% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -16.22% | +12.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -19.95% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.66% | -24.46% | +8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -31.75% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -24.46% | +23.19% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -5.60% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 7.39% | -6.38% |
Volatility
MBXAX vs. EIXIX - Volatility Comparison
The current volatility for Catalyst/Millburn Hedge Strategy Fund (MBXAX) is 1.49%, while Catalyst Enhanced Income Strategy Fund (EIXIX) has a volatility of 3.37%. 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 | 1.49% | 3.37% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 5.75% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.83% | 7.33% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.46% | 4.62% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.36% | 4.83% | +8.53% |
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 4.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EIXIX Catalyst Enhanced Income Strategy Fund | 4.18% | 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 -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIXIX has higher volatility (3.37%) compared to MBXAX (1.49%). In terms of maximum drawdown, MBXAX dropped -31.75% vs EIXIX's -24.46%.
MBXAX currently has the higher Sharpe Ratio (2.49 vs -2.23), 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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