SGARX vs. MBXAX
SGARX (Virtus SGA Global Growth Fund) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - SGARX is a Global Equities fund managed by Virtus, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 5 years, SGARX returned -0.01%/yr vs 7.12%/yr for MBXAX. Their 0.46 correlation means their historical movements had little consistent relationship. SGARX charges 0.91%/yr vs 2.18%/yr for MBXAX.
Performance
SGARX vs. MBXAX - Performance Comparison
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Returns By Period
In the year-to-date period, SGARX achieves a -6.28% return, which is significantly lower than MBXAX's 12.74% return.
SGARX
- 1D
- 1.61%
- 1M
- -0.52%
- 6M
- -3.82%
- YTD
- -6.28%
- 1Y
- -6.13%
- 3Y*
- 4.28%
- 5Y*
- -0.01%
- 10Y*
- —
- ALL TIME*
- 6.72%
MBXAX
- 1D
- -0.29%
- 1M
- -2.04%
- 6M
- 8.41%
- YTD
- 12.74%
- 1Y
- 17.15%
- 3Y*
- 9.84%
- 5Y*
- 7.12%
- 10Y*
- 7.41%
- ALL TIME*
- 8.86%
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 |
SGARX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGARX Virtus SGA Global Growth Fund | -6.28% | 3.75% | 9.88% | 27.17% | -25.69% | 8.31% | 31.26% | 11.44% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 12.74% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 5.78% |
Correlation
The correlation between SGARX and MBXAX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.46 |
The correlation between SGARX and MBXAX shifts across timeframes, from 0.31 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGARX vs. MBXAX — Risk / Return Rank
SGARX
MBXAX
SGARX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus SGA Global Growth Fund (SGARX) 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.
| SGARX | MBXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.40 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 3.77 | -4.22 |
| Martin ratioReturn relative to average drawdown | -1.14 | 14.56 | -15.70 |
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Drawdowns
SGARX vs. MBXAX - Drawdown Comparison
The maximum SGARX drawdown since its inception was -37.07%, which is greater than MBXAX's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for SGARX and MBXAX.
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Drawdown Indicators
| SGARX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.07% | -31.75% | -5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -19.19% | -3.89% | -15.30% |
Max Drawdown (3Y)Largest decline over 3 years | -33.86% | -15.66% | -18.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -15.66% | -21.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.75% | — |
Current DrawdownCurrent decline from peak | -25.00% | -2.69% | -22.31% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -4.00% | -9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 1.05% | +6.61% |
Volatility
SGARX vs. MBXAX - Volatility Comparison
Virtus SGA Global Growth Fund (SGARX) has a higher volatility of 4.12% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 1.59%. This indicates that SGARX'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
| SGARX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 1.59% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 4.87% | +7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 6.87% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 11.39% | +12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 13.36% | +9.93% |
SGARX vs. MBXAX - Expense Ratio Comparison
SGARX has a 0.91% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Dividends
SGARX vs. MBXAX - Dividend Comparison
SGARX's dividend yield for the trailing twelve months is around 13.62%, while MBXAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGARX Virtus SGA Global Growth Fund | 13.62% | 12.76% | 25.64% | 0.00% | 2.52% | 6.86% | 3.18% | 0.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGARX and MBXAX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGARX has higher volatility (4.12%) compared to MBXAX (1.59%). In terms of maximum drawdown, SGARX dropped -37.07% vs MBXAX's -31.75%.
MBXAX currently has the higher Sharpe Ratio (2.13 vs -0.58), 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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