MBXIX vs. MBXAX
Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX).
MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996. MBXAX is managed by Catalyst Mutual Funds. It was launched on Dec 27, 2015.
Performance
MBXIX vs. MBXAX - Performance Comparison
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MBXIX vs. MBXAX - 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% |
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% |
Returns By Period
The year-to-date returns for both stocks are quite close, with MBXIX having a 8.00% return and MBXAX slightly lower at 7.93%. Both investments have delivered pretty close results over the past 10 years, with MBXIX having a 8.26% annualized return and MBXAX not far behind at 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%
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%
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MBXIX vs. MBXAX - Expense Ratio Comparison
MBXIX has a 2.04% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Return for Risk
MBXIX vs. MBXAX — Risk / Return Rank
MBXIX
MBXAX
MBXIX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX). 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 | MBXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.31 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.75 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.23 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.92 | 5.80 | +0.12 |
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 | MBXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.31 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.69 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.60 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.65 | +0.01 |
Correlation
The correlation between MBXIX and MBXAX 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
MBXIX vs. MBXAX - Dividend Comparison
Neither MBXIX nor MBXAX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
MBXIX vs. MBXAX - Drawdown Comparison
The maximum MBXIX drawdown since its inception was -31.73%, roughly equal to the maximum MBXAX drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for MBXIX and MBXAX.
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Drawdown Indicators
| MBXIX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.73% | -31.75% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -11.29% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.59% | -15.66% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -31.73% | -31.75% | +0.02% |
Current DrawdownCurrent decline from peak | -1.64% | -1.64% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -4.11% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.39% | 0.00% |
Volatility
MBXIX vs. MBXAX - Volatility Comparison
Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX) have volatilities of 2.37% and 2.35%, 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
| MBXIX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.35% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 5.24% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 11.79% | +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 | 13.45% | 13.44% | +0.01% |