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MBXAX vs. MBXIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

MBXAX vs. MBXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/Millburn Hedge Strategy Fund (MBXAX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). The values are adjusted to include any dividend payments, if applicable.

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MBXAX vs. MBXIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MBXAX
MBXAX Risk / Return Rank: 6767
Overall Rank
MBXAX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
MBXAX Sortino Ratio Rank: 7171
Sortino Ratio Rank
MBXAX Omega Ratio Rank: 7979
Omega Ratio Rank
MBXAX Calmar Ratio Rank: 5151
Calmar Ratio Rank
MBXAX Martin Ratio Rank: 6161
Martin Ratio Rank

MBXIX
MBXIX Risk / Return Rank: 6969
Overall Rank
MBXIX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
MBXIX Sortino Ratio Rank: 7373
Sortino Ratio Rank
MBXIX Omega Ratio Rank: 8181
Omega Ratio Rank
MBXIX Calmar Ratio Rank: 5353
Calmar Ratio Rank
MBXIX Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


MBXAXMBXIXDifference

Sharpe ratio

Return per unit of total volatility

1.31

1.33

-0.02

Sortino ratio

Return per unit of downside risk

1.75

1.78

-0.02

Omega ratio

Gain probability vs. loss probability

1.31

1.31

-0.01

Calmar ratio

Return relative to maximum drawdown

1.23

1.25

-0.02

Martin ratio

Return relative to average drawdown

5.80

5.92

-0.12

MBXAX vs. MBXIX - Sharpe Ratio Comparison

The current MBXAX Sharpe Ratio is 1.31, which is comparable to the MBXIX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of MBXAX and MBXIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


MBXAXMBXIXDifference

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.


TTM2025202420232022202120202019201820172016
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


MBXAXMBXIXDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-1.64%

-1.64%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.11%

-4.06%

-0.05%

Ulcer Index

Depth 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


MBXAXMBXIXDifference

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%