SHIIX vs. CPEAX

Last updated Jun 24, 2026

SHIIX (Catalyst Buffered Shield Fund) and CPEAX (Catalyst Dynamic Alpha Fund) are both mutual funds - SHIIX is a Options Trading fund managed by Catalyst Mutual Funds, while CPEAX is a Large Cap Growth Equities fund managed by Catalyst Mutual Funds. Over the past 10 years, SHIIX returned 7.63%/yr vs 13.68%/yr for CPEAX. A 0.77 correlation means they provide meaningful diversification when combined. SHIIX charges 1.23%/yr vs 1.38%/yr for CPEAX.

Performance

SHIIX vs. CPEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Buffered Shield Fund (SHIIX) and Catalyst Dynamic Alpha Fund (CPEAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHIIX achieves a 4.60% return, which is significantly lower than CPEAX's 29.48% return. Over the past 10 years, SHIIX has underperformed CPEAX with an annualized return of 7.63%, while CPEAX has yielded a comparatively higher 13.68% annualized return.

SHIIX

• 1D: -0.18%
• 1M: 0.44%
• YTD: 4.60%
• 6M: 4.50%
• 1Y: 12.85%
• 3Y*: 12.21%
• 5Y*: 5.42%
• 10Y*: 7.63%

CPEAX

• 1D: 2.12%
• 1M: 8.99%
• YTD: 29.48%
• 6M: 26.31%
• 1Y: 43.16%
• 3Y*: 22.66%
• 5Y*: 14.50%
• 10Y*: 13.68%

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

SHIIX vs. CPEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHIIX Catalyst Buffered Shield Fund	4.60%	10.88%	13.57%	14.03%	-18.44%	14.15%	7.18%	20.24%	-5.58%	14.17%
CPEAX Catalyst Dynamic Alpha Fund	29.48%	9.98%	22.02%	13.44%	-14.87%	19.59%	21.00%	11.14%	-4.35%	26.91%

Correlation

The correlation between SHIIX and CPEAX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.77

The correlation between SHIIX and CPEAX has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

SHIIX vs. CPEAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHIIX

SHIIX Risk / Return Rank: 84
SHIIX Sharpe Ratio Rank: 84
SHIIX Sortino Ratio Rank: 86
SHIIX Omega Ratio Rank: 85
SHIIX Calmar Ratio Rank: 74
SHIIX Martin Ratio Rank: 92

CPEAX

CPEAX Risk / Return Rank: 58
CPEAX Sharpe Ratio Rank: 49
CPEAX Sortino Ratio Rank: 43
CPEAX Omega Ratio Rank: 45
CPEAX Calmar Ratio Rank: 81
CPEAX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHIIX vs. CPEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Buffered Shield Fund (SHIIX) and Catalyst Dynamic Alpha Fund (CPEAX). 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.

	SHIIX	CPEAX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.91	+0.61
Sortino ratio: Return per unit of downside risk	3.78	2.56	+1.22
Omega ratio: Gain probability vs. loss probability	1.54	1.34	+0.20
Calmar ratio: Return relative to maximum drawdown	3.18	3.52	-0.34
Martin ratio: Return relative to average drawdown	17.69	12.86	+4.83

SHIIX vs. CPEAX - Sharpe Ratio Comparison

The current SHIIX Sharpe Ratio is 2.52, which is higher than the CPEAX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SHIIX and CPEAX, 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

SHIIX vs. CPEAX - Drawdown Comparison

The maximum SHIIX drawdown since its inception was -20.20%, smaller than the maximum CPEAX drawdown of -34.39%. Use the drawdown chart below to compare losses from any high point for SHIIX and CPEAX.

Drawdown Indicators

	SHIIX	CPEAX	Difference
Max Drawdown Largest peak-to-trough decline	-20.20%	-34.39%	+14.19%
Max Drawdown (1Y) Largest decline over 1 year	-4.27%	-12.61%	+8.34%
Max Drawdown (3Y) Largest decline over 3 years	-11.36%	-26.28%	+14.92%
Max Drawdown (5Y) Largest decline over 5 years	-20.20%	-26.28%	+6.08%
Max Drawdown (10Y) Largest decline over 10 years	-20.20%	-34.39%	+14.19%
Current Drawdown Current decline from peak	-0.18%	0.00%	-0.18%
Average Drawdown Average peak-to-trough decline	-4.10%	-5.29%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	3.44%	-2.67%

Volatility

SHIIX vs. CPEAX - Volatility Comparison

The current volatility for Catalyst Buffered Shield Fund (SHIIX) is 1.61%, while Catalyst Dynamic Alpha Fund (CPEAX) has a volatility of 9.19%. This indicates that SHIIX experiences smaller price fluctuations and is considered to be less risky than CPEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHIIX	CPEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	9.19%	-7.58%
Volatility (6M) Calculated over the trailing 6-month period	4.45%	19.57%	-15.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.39%	23.25%	-17.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.57%	20.54%	-11.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.56%	20.80%	-12.24%

SHIIX vs. CPEAX - Expense Ratio Comparison

SHIIX has a 1.23% expense ratio, which is lower than CPEAX's 1.38% expense ratio.

Dividends

SHIIX vs. CPEAX - Dividend Comparison

SHIIX's dividend yield for the trailing twelve months is around 2.89%, less than CPEAX's 12.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPEAX Catalyst Dynamic Alpha Fund	12.16%	15.75%	9.57%	0.00%	1.21%	30.88%	0.00%	0.12%	19.37%	2.32%	0.00%	1.36%
SHIIX Catalyst Buffered Shield Fund	2.89%	3.02%	2.94%	2.52%	0.68%	16.99%	2.01%	6.13%	10.13%	14.66%	0.79%	0.00%

Frequently Asked Questions

Can I hold both SHIIX and CPEAX in my portfolio?

SHIIX and CPEAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHIIX or CPEAX?

CPEAX has higher volatility (9.19%) compared to SHIIX (1.61%). In terms of maximum drawdown, SHIIX dropped -20.20% vs CPEAX's -34.39%.

Which has better risk-adjusted returns?

SHIIX currently has the higher Sharpe Ratio (2.52 vs 1.91), 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.