MBXIX vs. CMNIX
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX).
MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996. CMNIX is managed by Calamos. It was launched on May 10, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBXIX or CMNIX.
Key characteristics
| MBXIX | CMNIX | |
|---|---|---|
| YTD Return | 13.85% | 6.78% |
| 1Y Return | 9.30% | 4.92% |
| 3Y Return (Ann) | 4.95% | 2.61% |
| 5Y Return (Ann) | 6.97% | 3.69% |
| Sharpe Ratio | 0.88 | 1.19 |
| Sortino Ratio | 1.27 | 1.30 |
| Omega Ratio | 1.16 | 1.46 |
| Calmar Ratio | 0.98 | 1.38 |
| Martin Ratio | 2.72 | 3.18 |
| Ulcer Index | 3.54% | 1.50% |
| Daily Std Dev | 10.92% | 4.00% |
| Max Drawdown | -31.73% | -22.81% |
| Current Drawdown | -1.87% | 0.00% |
Correlation
The correlation between MBXIX and CMNIX is 0.45, 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
MBXIX vs. CMNIX - Performance Comparison
In the year-to-date period, MBXIX achieves a 13.85% return, which is significantly higher than CMNIX's 6.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MBXIX vs. CMNIX - Expense Ratio Comparison
MBXIX has a 2.04% expense ratio, which is higher than CMNIX's 0.90% expense ratio.
Risk-Adjusted Performance
MBXIX vs. CMNIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX). 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
MBXIX vs. CMNIX - Dividend Comparison
MBXIX's dividend yield for the trailing twelve months is around 1.61%, less than CMNIX's 2.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 1.61% | 1.84% | 4.16% | 0.00% | 4.27% | 5.18% | 1.77% | 0.00% | 1.32% | 0.00% | 0.00% | 0.00% |
CMNIX Calamos Market Neutral Income Fund Institutional Class | 2.13% | 2.31% | 1.02% | 0.46% | 0.90% | 1.56% | 1.78% | 1.40% | 1.41% | 1.35% | 1.22% | 1.55% |
Drawdowns
MBXIX vs. CMNIX - Drawdown Comparison
The maximum MBXIX drawdown since its inception was -31.73%, which is greater than CMNIX's maximum drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for MBXIX and CMNIX. For additional features, visit the drawdowns tool.
Volatility
MBXIX vs. CMNIX - Volatility Comparison
Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) has a higher volatility of 2.74% compared to Calamos Market Neutral Income Fund Institutional Class (CMNIX) at 0.46%. This indicates that MBXIX's price experiences larger fluctuations and is considered to be riskier than CMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.