Mutual Fund Performance: January

The start of the New Year provided a rude awakening to the few remaining people lulled to sleep by the die-hard equities bull market. While the world faced the worst COVID case spike of the pandemic, it also had to come to terms with a more hawkish posture from the Fed. Markets trended hard for most of the month and eased off during the last week of January. At their worst, equities were down over -11% but ended the month at -5.17%. The VIX was up over 60% and then finished the +26%. Commodities continued their bullish trend, with metals a notable exception. The largest “risk-off” environment since March 2020 is a great litmus test for negatively and non-correlated strategies to showcase their true colors. The funds below show quite a bit of dispersion, but most of them were able to beat equities. Notable performers were those funds with a commodity-focus thanks to solid gains in oil and grains.

NameTickerMonth to DateYear to DateAssets Under Management
Hedged Equity
Catalyst Buffered Shield Fund ISHIIX-5.11%-5.11%$93,645471
Rational Equity Armor Fund InstlHDCTX-1.00%-1.00%$72,001,360
EAVOL NASDAQ-100 Volatil Overlay Risk ACLPAX-6.36%-6.36%$14,668,625
Certeza Convex Core ACNVEX-13.99%-13.99%$8,594,983
Equities + Managed Futures
Catalyst/Millburn Hedge Strategy IMBXIX-4.93%-4.93%$3,092,054,349
Standpoint Multi-Asset InstitutionalBLNDX-2.85%-2.85%$175,500,060
Active Fixed Income
Catalyst/Stone Beach Income Opp IIOXIX0.22%0.22%$20,883,359
Catalyst Multi-Strategy IACXIX-1.67%-1.67%$4,094,948
All Weather / Multi-Strat
Rational/ReSolve Adaptive Asset Allc IRDMIX0.44%0.44%$69,013,831
Astor Macro Alternative IGBLMX-1.08%-1.08%$35,882,331
Catalyst/Teza Algorithmic Alloc ITEZIX-5.34%-5.34%$6,094,203
Catalyst/Millburn Dynamic Cmdty Stgy IDCXIX6.53%6.53%$10,548,282
Catalyst/Warrington Strategic Program ACWXAX0.96%0.96%$100,688,516
AlphaCentric Premium Opportunity AHMXAX-2.97%-2.97%$209,319,172
Rational Tactical Return InstlHRSTX-0.35%-0.35%$288,261,165
SilverPepper Cmdty Strats Glb Macro InstSPCIX8.30%8.30%$189,687,327
Direxion Auspice Broad Commodity StrategyCOM (ETF)3.63%3.63%$286,435,289
SDCI USCF SummerHaven Dynamic CommoditySDCI (ETF)9.51%9.51%$8,092,793
Managed Futures
AXS Chesapeake Strategy IEQCHX4.18%4.18%$26,004,824

The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

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Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history. Individuals cannot invest in the index itself, and actual rates of return may be significantly different and more volatile than those of the index.

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