QCSTIX vs. MBXIX

Last updated Aug 1, 2026

QCSTIX (CREF Total Global Stock Account Class R3) and MBXIX (Catalyst/Millburn Hedge Strategy Fund Class I) are both mutual funds - QCSTIX is a Global Equities fund actively managed by TIAA, while MBXIX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past year, QCSTIX returned 23.38% vs 17.43% for MBXIX. Their 0.46 correlation means their historical movements had little consistent relationship.

Performance

QCSTIX vs. MBXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CREF Total Global Stock Account Class R3 (QCSTIX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCSTIX achieves a 10.99% return, which is significantly lower than MBXIX's 12.91% return.

QCSTIX

• 1D: 2.38%
• 1M: -0.39%
• 6M: 7.44%
• YTD: 10.99%
• 1Y: 23.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.81%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I	$0.00	$0.00	$0.00
QCSTIX CREF Total Global Stock Account Class R3	$0.00	$0.00	$0.00

QCSTIX vs. MBXIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCSTIX CREF Total Global Stock Account Class R3	10.99%	20.05%	0.00%
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I	12.91%	4.35%	-0.84%

Correlation

The correlation between QCSTIX and MBXIX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.46

Return for Risk

QCSTIX vs. MBXIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QCSTIX

QCSTIX Risk / Return Rank: 65
QCSTIX Sharpe Ratio Rank: 62
QCSTIX Sortino Ratio Rank: 60
QCSTIX Omega Ratio Rank: 61
QCSTIX Calmar Ratio Rank: 65
QCSTIX Martin Ratio Rank: 76

MBXIX

MBXIX Risk / Return Rank: 90
MBXIX Sharpe Ratio Rank: 88
MBXIX Sortino Ratio Rank: 87
MBXIX Omega Ratio Rank: 84
MBXIX Calmar Ratio Rank: 94
MBXIX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QCSTIX vs. MBXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CREF Total Global Stock Account Class R3 (QCSTIX) 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.

	QCSTIX	MBXIX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.16	-0.66
Sortino ratio: Return per unit of downside risk	2.13	3.18	-1.05
Omega ratio: Gain probability vs. loss probability	1.27	1.40	-0.13
Calmar ratio: Return relative to maximum drawdown	2.16	3.88	-1.72
Martin ratio: Return relative to average drawdown	9.16	14.92	-5.76

QCSTIX vs. MBXIX - Sharpe Ratio Comparison

The current QCSTIX Sharpe Ratio is 1.51, which is lower than the MBXIX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of QCSTIX and MBXIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QCSTIX vs. MBXIX - Drawdown Comparison

The maximum QCSTIX drawdown since its inception was -16.98%, smaller than the maximum MBXIX drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for QCSTIX and MBXIX.

Drawdown Indicators

	QCSTIX	MBXIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.98%	-31.73%	+14.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-3.85%	-6.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.73%	—
Current Drawdown Current decline from peak	-1.57%	-2.68%	+1.11%
Average Drawdown Average peak-to-trough decline	-1.98%	-3.95%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	1.04%	+1.30%

Volatility

QCSTIX vs. MBXIX - Volatility Comparison

CREF Total Global Stock Account Class R3 (QCSTIX) has a higher volatility of 4.37% compared to Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) at 1.59%. This indicates that QCSTIX'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.

Volatility by Period

	QCSTIX	MBXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	1.59%	+2.78%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	4.89%	+7.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.28%	6.90%	+7.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	11.40%	+4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.48%	13.36%	+2.12%

Dividends

QCSTIX vs. MBXIX - Dividend Comparison

Neither QCSTIX nor MBXIX has paid dividends to shareholders.

Position	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%
QCSTIX CREF Total Global Stock Account Class R3	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCSTIX and MBXIX in my portfolio?

QCSTIX and MBXIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCSTIX or MBXIX?

QCSTIX has higher volatility (4.37%) compared to MBXIX (1.59%). In terms of maximum drawdown, QCSTIX dropped -16.98% vs MBXIX's -31.73%.

Which has better risk-adjusted returns?

MBXIX currently has the higher Sharpe Ratio (2.16 vs 1.51), 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.