MBXAX vs. MBXIX
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX).
MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015. MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996.
Performance
MBXAX vs. MBXIX - Performance Comparison
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MBXAX vs. MBXIX - 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% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 8.00% | 4.35% | 13.49% | -0.67% | 7.72% | 16.89% | -0.45% | 13.83% | -2.16% | 13.99% |
Returns By Period
The year-to-date returns for both investments are quite close, with MBXAX having a 7.93% return and MBXIX slightly higher at 8.00%. Both investments have delivered pretty close results over the past 10 years, with MBXAX having a 8.00% annualized return and MBXIX not far ahead at 8.26%.
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%
MBXIX
- 1D
- -0.52%
- 1M
- 1.48%
- YTD
- 8.00%
- 6M
- 9.98%
- 1Y
- 14.74%
- 3Y*
- 9.95%
- 5Y*
- 8.29%
- 10Y*
- 8.26%
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MBXAX vs. MBXIX - Expense Ratio Comparison
MBXAX has a 2.18% expense ratio, which is higher than MBXIX's 2.04% expense ratio.
Return for Risk
MBXAX vs. MBXIX — Risk / Return Rank
MBXAX
MBXIX
MBXAX vs. MBXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). 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 | MBXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.33 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.78 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.25 | -0.02 |
Martin ratioReturn relative to average drawdown | 5.80 | 5.92 | -0.12 |
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 | MBXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.33 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.71 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.62 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.66 | -0.01 |
Correlation
The correlation between MBXAX and MBXIX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MBXAX vs. MBXIX - Dividend Comparison
Neither MBXAX nor MBXIX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 0.00% | 0.00% | 2.63% | 2.25% | 7.74% | 0.00% | 4.27% | 5.18% | 3.33% | 3.33% | 1.91% |
Drawdowns
MBXAX vs. MBXIX - Drawdown Comparison
The maximum MBXAX drawdown since its inception was -31.75%, roughly equal to the maximum MBXIX drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for MBXAX and MBXIX.
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Drawdown Indicators
| MBXAX | MBXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.75% | -31.73% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -11.28% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.66% | -15.59% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -31.75% | -31.73% | -0.02% |
Current DrawdownCurrent decline from peak | -1.64% | -1.64% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -4.06% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.39% | 0.00% |
Volatility
MBXAX vs. MBXIX - Volatility Comparison
Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) have volatilities of 2.35% and 2.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBXAX | MBXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 2.37% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 5.27% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 11.80% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 11.76% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.44% | 13.45% | -0.01% |