^IBEX vs. CLPAX
Compare and contrast key facts about IBEX 35 Index (^IBEX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX).
CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IBEX or CLPAX.
Correlation
The correlation between ^IBEX and CLPAX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^IBEX vs. CLPAX - Performance Comparison
Key characteristics
^IBEX:
1.01
CLPAX:
1.06
^IBEX:
1.44
CLPAX:
1.52
^IBEX:
1.18
CLPAX:
1.19
^IBEX:
0.35
CLPAX:
1.13
^IBEX:
4.99
CLPAX:
4.27
^IBEX:
2.71%
CLPAX:
3.24%
^IBEX:
13.16%
CLPAX:
13.08%
^IBEX:
-62.65%
CLPAX:
-36.85%
^IBEX:
-28.09%
CLPAX:
-3.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with ^IBEX having a 13.51% return and CLPAX slightly lower at 12.87%. Over the past 10 years, ^IBEX has underperformed CLPAX with an annualized return of 0.89%, while CLPAX has yielded a comparatively higher 1.25% annualized return.
^IBEX
13.51%
-1.05%
3.94%
13.49%
3.39%
0.89%
CLPAX
12.87%
2.80%
5.08%
12.97%
4.20%
1.25%
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Risk-Adjusted Performance
^IBEX vs. CLPAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). 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.
Drawdowns
^IBEX vs. CLPAX - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, which is greater than CLPAX's maximum drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for ^IBEX and CLPAX. For additional features, visit the drawdowns tool.
Volatility
^IBEX vs. CLPAX - Volatility Comparison
IBEX 35 Index (^IBEX) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) have volatilities of 4.77% and 4.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.