MBXIX vs. GLD
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and SPDR Gold Trust (GLD).
MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBXIX or GLD.
Key characteristics
| MBXIX | GLD | |
|---|---|---|
| YTD Return | 13.85% | 29.71% |
| 1Y Return | 9.30% | 36.62% |
| 3Y Return (Ann) | 4.95% | 13.16% |
| 5Y Return (Ann) | 6.97% | 12.56% |
| Sharpe Ratio | 0.88 | 2.55 |
| Sortino Ratio | 1.27 | 3.37 |
| Omega Ratio | 1.16 | 1.44 |
| Calmar Ratio | 0.98 | 5.01 |
| Martin Ratio | 2.72 | 16.89 |
| Ulcer Index | 3.54% | 2.20% |
| Daily Std Dev | 10.92% | 14.57% |
| Max Drawdown | -31.73% | -45.56% |
| Current Drawdown | -1.87% | -3.70% |
Correlation
The correlation between MBXIX and GLD is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MBXIX vs. GLD - Performance Comparison
In the year-to-date period, MBXIX achieves a 13.85% return, which is significantly lower than GLD's 29.71% 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. GLD - Expense Ratio Comparison
MBXIX has a 2.04% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
MBXIX vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
MBXIX's dividend yield for the trailing twelve months is around 1.61%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MBXIX vs. GLD - Drawdown Comparison
The maximum MBXIX drawdown since its inception was -31.73%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for MBXIX and GLD. For additional features, visit the drawdowns tool.
Volatility
MBXIX vs. GLD - Volatility Comparison
The current volatility for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) is 2.74%, while SPDR Gold Trust (GLD) has a volatility of 4.89%. This indicates that MBXIX experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.