RPGEX vs. MBXAX
RPGEX (T. Rowe Price Global Growth Stock Fund) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - RPGEX is a Global Equities fund actively managed by T. Rowe Price, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, RPGEX returned 12.43%/yr vs 7.59%/yr for MBXAX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. RPGEX charges 0.91%/yr vs 2.18%/yr for MBXAX.
Performance
RPGEX vs. MBXAX - Performance Comparison
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Returns By Period
In the year-to-date period, RPGEX achieves a 10.05% return, which is significantly lower than MBXAX's 13.56% return. Over the past 10 years, RPGEX has outperformed MBXAX with an annualized return of 12.43%, while MBXAX has yielded a comparatively lower 7.59% annualized return.
RPGEX
- 1D
- 0.64%
- 1M
- -1.42%
- 6M
- 6.85%
- YTD
- 10.05%
- 1Y
- 19.01%
- 3Y*
- 15.11%
- 5Y*
- 4.27%
- 10Y*
- 12.43%
- ALL TIME*
- 12.55%
MBXAX
- 1D
- 0.73%
- 1M
- -1.32%
- 6M
- 9.10%
- YTD
- 13.56%
- 1Y
- 18.00%
- 3Y*
- 9.79%
- 5Y*
- 7.27%
- 10Y*
- 7.59%
- ALL TIME*
- 8.93%
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 |
RPGEX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPGEX T. Rowe Price Global Growth Stock Fund | 10.05% | 14.57% | 18.81% | 19.19% | -29.77% | 11.05% | 44.28% | 30.76% | -7.10% | 34.26% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 13.56% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 13.59% | -2.43% | 13.69% |
Correlation
The correlation between RPGEX and MBXAX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.53 |
The correlation between RPGEX and MBXAX shifts across timeframes, from 0.38 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RPGEX vs. MBXAX — Risk / Return Rank
RPGEX
MBXAX
RPGEX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Growth Stock Fund (RPGEX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX). 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.
| RPGEX | MBXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 4.17 | -2.52 |
| Martin ratioReturn relative to average drawdown | 6.17 | 16.27 | -10.09 |
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Drawdowns
RPGEX vs. MBXAX - Drawdown Comparison
The maximum RPGEX drawdown since its inception was -39.67%, which is greater than MBXAX's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for RPGEX and MBXAX.
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Drawdown Indicators
| RPGEX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.67% | -31.75% | -7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -3.89% | -6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -15.66% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -39.67% | -15.66% | -24.01% |
Max Drawdown (10Y)Largest decline over 10 years | -39.67% | -31.75% | -7.92% |
Current DrawdownCurrent decline from peak | -3.37% | -1.98% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -4.00% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 1.01% | +1.79% |
Volatility
RPGEX vs. MBXAX - Volatility Comparison
T. Rowe Price Global Growth Stock Fund (RPGEX) has a higher volatility of 5.19% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 1.78%. This indicates that RPGEX's price experiences larger fluctuations and is considered to be riskier than MBXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPGEX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 1.78% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 4.91% | +8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 6.90% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 11.39% | +6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 13.36% | +4.72% |
RPGEX vs. MBXAX - Expense Ratio Comparison
RPGEX has a 0.91% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Dividends
RPGEX vs. MBXAX - Dividend Comparison
RPGEX's dividend yield for the trailing twelve months is around 10.47%, while MBXAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBXAX Catalyst/Millburn Hedge Strategy Fund | 0.00% | 0.00% | 2.43% | 2.02% | 7.57% | 0.00% | 3.92% | 4.96% | 3.07% | 3.35% | 1.82% | 0.00% |
RPGEX T. Rowe Price Global Growth Stock Fund | 10.47% | 11.52% | 0.04% | 0.21% | 0.07% | 8.84% | 3.18% | 0.23% | 1.67% | 0.82% | 0.21% | 4.95% |
Frequently Asked Questions
RPGEX and MBXAX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPGEX has higher volatility (5.19%) compared to MBXAX (1.78%). In terms of maximum drawdown, RPGEX dropped -39.67% vs MBXAX's -31.75%.
MBXAX currently has the higher Sharpe Ratio (2.36 vs 1.09), 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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