MFWIX vs. MBXIX
MFWIX (MFS Global Total Return Fund Class I) and MBXIX (Catalyst/Millburn Hedge Strategy Fund Class I) are both mutual funds - MFWIX is a Global Equities fund managed by MFS, while MBXIX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, MFWIX returned 6.60%/yr vs 7.68%/yr for MBXIX. Their 0.45 correlation means their historical movements had little consistent relationship. MFWIX charges 0.84%/yr vs 2.04%/yr for MBXIX.
Performance
MFWIX vs. MBXIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MFWIX achieves a 8.22% return, which is significantly lower than MBXIX's 12.91% return. Over the past 10 years, MFWIX has underperformed MBXIX with an annualized return of 6.60%, while MBXIX has yielded a comparatively higher 7.68% annualized return.
MFWIX
- 1D
- 0.77%
- 1M
- 2.18%
- 6M
- 4.54%
- YTD
- 8.22%
- 1Y
- 15.44%
- 3Y*
- 10.66%
- 5Y*
- 5.52%
- 10Y*
- 6.60%
- ALL TIME*
- 7.19%
MBXIX
- 1D
- -0.28%
- 1M
- -2.01%
- 6M
- 8.54%
- YTD
- 12.91%
- 1Y
- 17.43%
- 3Y*
- 10.12%
- 5Y*
- 7.38%
- 10Y*
- 7.68%
- ALL TIME*
- 8.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MFWIX vs. MBXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFWIX MFS Global Total Return Fund Class I | 8.22% | 15.70% | 4.25% | 10.52% | -10.62% | 8.59% | 9.63% | 18.49% | -6.96% | 15.00% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 12.91% | 4.35% | 13.49% | -0.67% | 7.72% | 16.89% | -0.45% | 13.83% | -2.16% | 13.99% |
Correlation
The correlation between MFWIX and MBXIX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2015 | 0.45 |
The correlation between MFWIX and MBXIX shifts across timeframes, from 0.15 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MFWIX vs. MBXIX — Risk / Return Rank
MFWIX
MBXIX
MFWIX vs. MBXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Total Return Fund Class I (MFWIX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MFWIX | MBXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.88 | -1.67 |
| Martin ratioReturn relative to average drawdown | 7.81 | 14.92 | -7.11 |
Loading charts...
Drawdowns
MFWIX vs. MBXIX - Drawdown Comparison
The maximum MFWIX drawdown since its inception was -33.01%, roughly equal to the maximum MBXIX drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for MFWIX and MBXIX.
Loading charts...
Drawdown Indicators
| MFWIX | MBXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.01% | -31.73% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.73% | -3.85% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -8.51% | -15.59% | +7.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -15.59% | -4.63% |
Max Drawdown (10Y)Largest decline over 10 years | -23.36% | -31.73% | +8.37% |
Current DrawdownCurrent decline from peak | 0.00% | -2.68% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -3.95% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.04% | +0.86% |
Volatility
MFWIX vs. MBXIX - Volatility Comparison
MFS Global Total Return Fund Class I (MFWIX) has a higher volatility of 1.86% compared to Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) at 1.59%. This indicates that MFWIX's price experiences larger fluctuations and is considered to be riskier than MBXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MFWIX | MBXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.59% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 4.89% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.47% | 6.90% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.15% | 11.40% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.58% | 13.36% | -3.78% |
MFWIX vs. MBXIX - Expense Ratio Comparison
MFWIX has a 0.84% expense ratio, which is lower than MBXIX's 2.04% expense ratio.
Dividends
MFWIX vs. MBXIX - Dividend Comparison
MFWIX's dividend yield for the trailing twelve months is around 7.99%, while MBXIX has not paid dividends to shareholders.
| Position | 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% |
MFWIX MFS Global Total Return Fund Class I | 7.99% | 8.77% | 9.36% | 3.98% | 2.94% | 10.71% | 7.53% | 4.70% | 3.64% | 2.36% | 1.40% | 4.59% |
Frequently Asked Questions
MFWIX and MBXIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFWIX has higher volatility (1.86%) compared to MBXIX (1.59%). In terms of maximum drawdown, MFWIX dropped -33.01% vs MBXIX's -31.73%.
MBXIX currently has the higher Sharpe Ratio (2.16 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MFWIX and MBXIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer