MLXIX vs. SBMBX
MLXIX (Catalyst Energy Infrastructure Fund) and SBMBX (Saratoga Energy & Basic Materials Fund) are both Energy Equities funds. Over the past 10 years, MLXIX returned 10.76%/yr vs 2.18%/yr for SBMBX. A 0.76 correlation means they provide meaningful diversification when combined. MLXIX charges 1.43%/yr vs 3.30%/yr for SBMBX.
Performance
MLXIX vs. SBMBX - Performance Comparison
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Returns By Period
Over the past 10 years, MLXIX has outperformed SBMBX with an annualized return of 10.76%, while SBMBX has yielded a comparatively lower 2.18% annualized return.
MLXIX
- 1D
- -0.60%
- 1M
- -0.19%
- 6M
- 33.19%
- YTD
- 32.37%
- 1Y
- 17.96%
- 3Y*
- 22.28%
- 5Y*
- 20.29%
- 10Y*
- 10.76%
SBMBX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.95%
- 3Y*
- 1.83%
- 5Y*
- 4.96%
- 10Y*
- 2.18%
MLXIX vs. SBMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLXIX Catalyst Energy Infrastructure Fund | 32.37% | -8.56% | 45.26% | 15.34% | 27.02% | 42.04% | -20.02% | 12.05% | -18.48% | -13.83% |
SBMBX Saratoga Energy & Basic Materials Fund | 0.00% | 5.05% | -7.25% | 6.28% | 19.60% | 25.58% | -19.21% | -0.96% | -18.00% | 8.44% |
Correlation
The correlation between MLXIX and SBMBX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2014 | 0.76 |
Over the past year, the correlation between MLXIX and SBMBX has dropped to 0.20 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
MLXIX vs. SBMBX — Risk / Return Rank
MLXIX
SBMBX
MLXIX vs. SBMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Energy Infrastructure Fund (MLXIX) and Saratoga Energy & Basic Materials Fund (SBMBX). 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.
| MLXIX | SBMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.03 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.12 | +1.25 |
| Martin ratioReturn relative to average drawdown | 2.60 | 0.23 | +2.37 |
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Drawdowns
MLXIX vs. SBMBX - Drawdown Comparison
The maximum MLXIX drawdown since its inception was -76.78%, roughly equal to the maximum SBMBX drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for MLXIX and SBMBX.
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Drawdown Indicators
| MLXIX | SBMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.78% | -74.35% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -5.66% | -9.78% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -25.34% | +3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -26.66% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -72.63% | -65.48% | -7.15% |
Current DrawdownCurrent decline from peak | -5.12% | -31.22% | +26.10% |
Average DrawdownAverage peak-to-trough decline | -23.05% | -28.69% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 2.82% | +5.29% |
Volatility
MLXIX vs. SBMBX - Volatility Comparison
Catalyst Energy Infrastructure Fund (MLXIX) has a higher volatility of 7.29% compared to Saratoga Energy & Basic Materials Fund (SBMBX) at 0.00%. This indicates that MLXIX's price experiences larger fluctuations and is considered to be riskier than SBMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLXIX | SBMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 0.00% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.83% | 2.01% | +14.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.44% | 9.77% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.52% | 20.52% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.08% | 23.93% | +4.15% |
MLXIX vs. SBMBX - Expense Ratio Comparison
MLXIX has a 1.43% expense ratio, which is lower than SBMBX's 3.30% expense ratio.
Dividends
MLXIX vs. SBMBX - Dividend Comparison
MLXIX's dividend yield for the trailing twelve months is around 6.77%, more than SBMBX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLXIX Catalyst Energy Infrastructure Fund | 6.77% | 8.26% | 5.02% | 6.67% | 7.15% | 8.26% | 14.52% | 15.93% | 15.62% | 11.37% | 8.76% | 11.47% |
SBMBX Saratoga Energy & Basic Materials Fund | 2.13% | 2.13% | 2.17% | 0.00% | 2.75% | 0.75% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLXIX and SBMBX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLXIX has higher volatility (7.29%) compared to SBMBX (0.00%). In terms of maximum drawdown, MLXIX dropped -76.78% vs SBMBX's -74.35%.
MLXIX currently has the higher Sharpe Ratio (1.03 vs 0.07), 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.
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