MBXIX vs. SCHD

Last updated Apr 1, 2026

Compare and contrast key facts about Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Schwab U.S. Dividend Equity ETF (SCHD).

MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.

Performance

MBXIX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

MBXIX vs. SCHD - 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%
SCHD Schwab U.S. Dividend Equity ETF	12.79%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Returns By Period

In the year-to-date period, MBXIX achieves a 8.00% return, which is significantly lower than SCHD's 12.79% return. Over the past 10 years, MBXIX has underperformed SCHD with an annualized return of 8.26%, while SCHD has yielded a comparatively higher 12.31% 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%

SCHD

• 1D: 0.66%
• 1M: -2.61%
• YTD: 12.79%
• 6M: 14.49%
• 1Y: 13.97%
• 3Y*: 12.05%
• 5Y*: 8.44%
• 10Y*: 12.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MBXIX vs. SCHD - Expense Ratio Comparison

MBXIX has a 2.04% expense ratio, which is higher than SCHD's 0.06% expense ratio.

MBXIX

Catalyst/Millburn Hedge Strategy Fund Class I

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

MBXIX vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MBXIX

MBXIX Risk / Return Rank: 69
MBXIX Sharpe Ratio Rank: 76
MBXIX Sortino Ratio Rank: 73
MBXIX Omega Ratio Rank: 81
MBXIX Calmar Ratio Rank: 53
MBXIX Martin Ratio Rank: 62

SCHD

SCHD Risk / Return Rank: 52
SCHD Sharpe Ratio Rank: 54
SCHD Sortino Ratio Rank: 55
SCHD Omega Ratio Rank: 54
SCHD Calmar Ratio Rank: 53
SCHD Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MBXIX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio Return per unit of total volatility	1.33	0.89	+0.44
Sortino ratio Return per unit of downside risk	1.78	1.35	+0.43
Omega ratio Gain probability vs. loss probability	1.31	1.19	+0.12
Calmar ratio Return relative to maximum drawdown	1.25	1.19	+0.06
Martin ratio Return relative to average drawdown	5.92	3.99	+1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBXIX vs. SCHD - Sharpe Ratio Comparison

The current MBXIX Sharpe Ratio is 1.33, which is higher than the SCHD Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of MBXIX and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MBXIX	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.89	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.59	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.74	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.84	-0.19

Correlation

The correlation between MBXIX and SCHD is 0.53, 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.

Dividends

MBXIX vs. SCHD - Dividend Comparison

MBXIX has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.44%.

	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%
SCHD Schwab U.S. Dividend Equity ETF	3.44%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Drawdowns

MBXIX vs. SCHD - Drawdown Comparison

The maximum MBXIX drawdown since its inception was -31.73%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MBXIX and SCHD.

Drawdown Indicators

	MBXIX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-31.73%	-33.37%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	-11.28%	-12.74%	+1.46%
Max Drawdown (5Y) Largest decline over 5 years	-15.59%	-16.85%	+1.26%
Max Drawdown (10Y) Largest decline over 10 years	-31.73%	-33.37%	+1.64%
Current Drawdown Current decline from peak	-1.64%	-2.89%	+1.25%
Average Drawdown Average peak-to-trough decline	-4.06%	-3.34%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	3.89%	-1.50%

Volatility

MBXIX vs. SCHD - Volatility Comparison

Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 2.37% and 2.40%, 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.

Volatility by Period

	MBXIX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.40%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	5.27%	7.96%	-2.69%
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	15.74%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	14.40%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.45%	16.70%	-3.25%