NMFIX vs. MLXIX
NMFIX (Northern Multi-Manager Global Listed Infrastructure Fund) and MLXIX (Catalyst Energy Infrastructure Fund) are both Infrastructure Equities funds. Over the past 10 years, NMFIX returned 7.17%/yr vs 10.59%/yr for MLXIX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. NMFIX charges 0.96%/yr vs 1.43%/yr for MLXIX.
Performance
NMFIX vs. MLXIX - Performance Comparison
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Returns By Period
In the year-to-date period, NMFIX achieves a 9.45% return, which is significantly lower than MLXIX's 31.36% return. Over the past 10 years, NMFIX has underperformed MLXIX with an annualized return of 7.17%, while MLXIX has yielded a comparatively higher 10.59% annualized return.
NMFIX
- 1D
- -0.14%
- 1M
- -0.20%
- 6M
- 4.02%
- YTD
- 9.45%
- 1Y
- 15.43%
- 3Y*
- 12.65%
- 5Y*
- 7.08%
- 10Y*
- 7.17%
- ALL TIME*
- 7.61%
MLXIX
- 1D
- -1.39%
- 1M
- 2.45%
- 6M
- 19.66%
- YTD
- 31.36%
- 1Y
- 16.59%
- 3Y*
- 22.43%
- 5Y*
- 21.92%
- 10Y*
- 10.59%
- ALL TIME*
- 6.38%
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 |
NMFIX vs. MLXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMFIX Northern Multi-Manager Global Listed Infrastructure Fund | 9.45% | 23.11% | 1.74% | 6.62% | -7.21% | 13.68% | -2.59% | 24.34% | -10.26% | 22.17% |
MLXIX Catalyst Energy Infrastructure Fund | 31.36% | -8.56% | 45.26% | 15.34% | 27.02% | 42.04% | -20.02% | 12.05% | -18.48% | -13.83% |
Correlation
The correlation between NMFIX and MLXIX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2014 | 0.51 |
Over the past year, the correlation between NMFIX and MLXIX has dropped to 0.21 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
NMFIX vs. MLXIX — Risk / Return Rank
NMFIX
MLXIX
NMFIX vs. MLXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) and Catalyst Energy Infrastructure Fund (MLXIX). 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.
| NMFIX | MLXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.15 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.23 | +0.99 |
| Martin ratioReturn relative to average drawdown | 6.29 | 2.35 | +3.94 |
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Drawdowns
NMFIX vs. MLXIX - Drawdown Comparison
The maximum NMFIX drawdown since its inception was -34.93%, smaller than the maximum MLXIX drawdown of -76.78%. Use the drawdown chart below to compare losses from any high point for NMFIX and MLXIX.
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Drawdown Indicators
| NMFIX | MLXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.93% | -76.78% | +41.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.20% | -13.43% | +6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -22.14% | +10.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -22.14% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -34.93% | -72.63% | +37.70% |
Current DrawdownCurrent decline from peak | -3.41% | -5.87% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -22.94% | +17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 7.49% | -4.96% |
Volatility
NMFIX vs. MLXIX - Volatility Comparison
The current volatility for Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) is 1.95%, while Catalyst Energy Infrastructure Fund (MLXIX) has a volatility of 7.95%. This indicates that NMFIX experiences smaller price fluctuations and is considered to be less risky than MLXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMFIX | MLXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 7.95% | -6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 17.51% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 20.92% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 22.53% | -8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 28.08% | -12.79% |
NMFIX vs. MLXIX - Expense Ratio Comparison
NMFIX has a 0.96% expense ratio, which is lower than MLXIX's 1.43% expense ratio.
Dividends
NMFIX vs. MLXIX - Dividend Comparison
NMFIX's dividend yield for the trailing twelve months is around 5.47%, less than MLXIX's 6.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLXIX Catalyst Energy Infrastructure Fund | 6.86% | 8.26% | 5.02% | 6.67% | 7.15% | 8.26% | 14.52% | 15.93% | 15.62% | 11.37% | 8.76% | 11.47% |
NMFIX Northern Multi-Manager Global Listed Infrastructure Fund | 5.47% | 6.03% | 3.82% | 2.78% | 3.98% | 10.13% | 2.11% | 2.47% | 10.33% | 7.71% | 2.53% | 2.01% |
Frequently Asked Questions
NMFIX and MLXIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLXIX has higher volatility (7.95%) compared to NMFIX (1.95%). In terms of maximum drawdown, NMFIX dropped -34.93% vs MLXIX's -76.78%.
NMFIX currently has the higher Sharpe Ratio (1.24 vs 0.84), 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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