MBXIX vs. AMFAX
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX).
MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996. AMFAX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
MBXIX vs. AMFAX - Performance Comparison
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MBXIX vs. AMFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 6.43% | -9.75% | -3.56% | -10.59% | 35.38% | 3.28% | 13.29% | 8.03% | -12.87% | 6.54% |
Returns By Period
In the year-to-date period, MBXIX achieves a 8.00% return, which is significantly higher than AMFAX's 6.43% return. Over the past 10 years, MBXIX has outperformed AMFAX with an annualized return of 8.26%, while AMFAX has yielded a comparatively lower 1.54% annualized return.
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%
AMFAX
- 1D
- 0.00%
- 1M
- -1.70%
- YTD
- 6.43%
- 6M
- 10.88%
- 1Y
- 3.13%
- 3Y*
- -3.17%
- 5Y*
- 2.03%
- 10Y*
- 1.54%
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MBXIX vs. AMFAX - Expense Ratio Comparison
MBXIX has a 2.04% expense ratio, which is higher than AMFAX's 1.72% expense ratio.
Return for Risk
MBXIX vs. AMFAX — Risk / Return Rank
MBXIX
AMFAX
MBXIX vs. AMFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX). 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.
| MBXIX | AMFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.15 | +1.18 |
Sortino ratioReturn per unit of downside risk | 1.78 | 0.27 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.04 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.08 | +1.18 |
Martin ratioReturn relative to average drawdown | 5.92 | 0.13 | +5.80 |
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
| MBXIX | AMFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.15 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.15 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.12 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.28 | +0.37 |
Correlation
The correlation between MBXIX and AMFAX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MBXIX vs. AMFAX - Dividend Comparison
MBXIX has not paid dividends to shareholders, while AMFAX's dividend yield for the trailing twelve months is around 1.73%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 1.73% | 1.84% | 1.28% | 0.30% | 32.70% | 5.74% | 3.14% | 4.71% | 1.31% | 0.00% | 0.00% | 4.92% |
Drawdowns
MBXIX vs. AMFAX - Drawdown Comparison
The maximum MBXIX drawdown since its inception was -31.73%, smaller than the maximum AMFAX drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for MBXIX and AMFAX.
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Drawdown Indicators
| MBXIX | AMFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.73% | -36.84% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -13.54% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.59% | -36.84% | +21.25% |
Max Drawdown (10Y)Largest decline over 10 years | -31.73% | -36.84% | +5.11% |
Current DrawdownCurrent decline from peak | -1.64% | -25.04% | +23.40% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -13.54% | +9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 8.79% | -6.40% |
Volatility
MBXIX vs. AMFAX - Volatility Comparison
The current volatility for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) is 2.37%, while AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) has a volatility of 3.94%. This indicates that MBXIX experiences smaller price fluctuations and is considered to be less risky than AMFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBXIX | AMFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.94% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 10.02% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 13.06% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 13.68% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.45% | 12.67% | +0.78% |