MBXAX vs. SPY
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund (MBXAX) and SPDR S&P 500 ETF (SPY).
MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBXAX or SPY.
Correlation
The correlation between MBXAX and SPY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MBXAX vs. SPY - Performance Comparison
Key characteristics
MBXAX:
1.49
SPY:
1.88
MBXAX:
2.07
SPY:
2.51
MBXAX:
1.28
SPY:
1.35
MBXAX:
1.89
SPY:
2.83
MBXAX:
4.93
SPY:
11.89
MBXAX:
3.24%
SPY:
2.00%
MBXAX:
10.74%
SPY:
12.69%
MBXAX:
-31.75%
SPY:
-55.19%
MBXAX:
0.00%
SPY:
-3.89%
Returns By Period
In the year-to-date period, MBXAX achieves a 4.18% return, which is significantly higher than SPY's -0.66% return.
MBXAX
4.18%
2.90%
2.99%
16.05%
6.46%
N/A
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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MBXAX vs. SPY - Expense Ratio Comparison
MBXAX has a 2.18% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MBXAX vs. SPY — Risk-Adjusted Performance Rank
MBXAX
SPY
MBXAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund (MBXAX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
MBXAX vs. SPY - Dividend Comparison
MBXAX's dividend yield for the trailing twelve months is around 1.60%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBXAX Catalyst/Millburn Hedge Strategy Fund | 1.60% | 1.67% | 1.60% | 3.97% | 0.00% | 3.92% | 4.96% | 1.50% | 0.00% | 1.22% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MBXAX vs. SPY - Drawdown Comparison
The maximum MBXAX drawdown since its inception was -31.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MBXAX and SPY. For additional features, visit the drawdowns tool.
Volatility
MBXAX vs. SPY - Volatility Comparison
The current volatility for Catalyst/Millburn Hedge Strategy Fund (MBXAX) is 2.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.61%. This indicates that MBXAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.