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ISIN
US22540S7945
CUSIP
22540S794
Inception Date
Mar 30, 2012
Min. Investment
$2,500
Index Tracked
Credit Suisse Liquid Alternative Beta Index
Distribution Policy
Distributing
Asset Class
Alternatives

Share Price Chart


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Performance

CSQAX Performance Chart

Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) is up 4.1% since the beginning of the year. CSQAX is currently trading at $9 per share. Investors who bought $1,000 worth of CSQAX shares 5 years ago would now be looking at an investment worth $1,167.


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S&P 500 Index

Returns By Period

Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) has returned 4.14% so far this year and 3.32% over the past 12 months. Over the last ten years, CSQAX has returned 3.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.


Credit Suisse Multialternative Strategy Fund Class A Shares

1D
0.23%
1M
-0.56%
YTD
4.14%
6M
3.38%
1Y
3.32%
3Y*
4.17%
5Y*
3.13%
10Y*
3.38%

Benchmark (S&P 500 Index)

1D
0.13%
1M
5.68%
YTD
11.16%
6M
11.10%
1Y
27.46%
3Y*
21.12%
5Y*
12.66%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSQAX Monthly Returns History

Based on dividend-adjusted daily data since Mar 30, 2012, CSQAX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.

Historically, 56% of months were positive and 44% were negative. The best month was Mar 2020 with a return of +6.2%, while the worst month was Mar 2026 at -4.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, CSQAX closed higher 45% of trading days. The best single day was Mar 2, 2022 with a return of +2.0%, while the worst single day was Mar 15, 2023 at -2.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.12%5.79%-4.58%3.86%-1.01%0.23%4.14%
20252.24%0.35%0.57%-1.49%-0.23%-0.00%-2.21%1.07%-0.18%-0.47%1.54%-0.39%0.73%
2024-0.89%0.90%2.23%-1.31%0.88%0.33%1.09%-2.59%-0.55%-0.67%1.57%-0.23%0.66%
2023-0.44%1.00%-3.84%-0.68%-1.72%1.29%1.39%0.68%0.79%1.46%1.99%-0.04%1.72%
2022-3.29%-0.12%0.47%1.64%0.81%1.14%-1.81%2.87%1.23%1.21%0.65%0.72%5.52%
20211.95%1.57%1.10%0.87%0.65%1.40%0.32%1.59%-1.35%-0.21%2.75%-1.01%9.98%

Benchmark Metrics

Credit Suisse Multialternative Strategy Fund Class A Shares has an annualized alpha of 1.32%, beta of 0.13, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since April 02, 2012.

  • This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.34%) than losses (10.05%) - typical of diversified or defensive assets.
  • Beta of 0.13 may look defensive, but with R2 of 0.15 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
  • R2 of 0.15 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
1.32%
Beta
0.13
0.15
Upside Capture
13.34%
Downside Capture
10.05%

Expense Ratio

CSQAX has a high expense ratio of 1.74%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

CSQAX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


CSQAX Risk / Return Rank: 66
Overall Rank
CSQAX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
CSQAX Sortino Ratio Rank: 55
Sortino Ratio Rank
CSQAX Omega Ratio Rank: 55
Omega Ratio Rank
CSQAX Calmar Ratio Rank: 77
Calmar Ratio Rank
CSQAX Martin Ratio Rank: 66
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) and compare them to S&P 500 Index.


CSQAXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.48

2.39

-1.91

Sortino ratio

Return per unit of downside risk

0.70

3.25

-2.55

Omega ratio

Gain probability vs. loss probability

1.09

1.43

-0.35

Calmar ratio

Return relative to maximum drawdown

0.70

3.11

-2.41

Martin ratio

Return relative to average drawdown

1.76

14.38

-12.62

Dividends

Dividend History

Credit Suisse Multialternative Strategy Fund Class A Shares provided a 1.04% dividend yield over the last twelve months, with an annual payout of $0.09 per share.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.09$0.09$0.55$0.25$0.23$0.80$1.16$0.44$0.17$0.53$0.19$0.02

Dividend yield

1.04%1.09%6.54%2.73%2.59%9.06%13.23%4.77%1.84%5.27%1.87%0.24%

Monthly Dividends

The table displays the monthly dividend distributions for Credit Suisse Multialternative Strategy Fund Class A Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02$0.00$0.00$0.08$0.09
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.55$0.55
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.25$0.25
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.23$0.23
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.80$0.80

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Credit Suisse Multialternative Strategy Fund Class A Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Credit Suisse Multialternative Strategy Fund Class A Shares was 8.37%, occurring on Dec 27, 2018. Recovery took 325 trading sessions.

The current Credit Suisse Multialternative Strategy Fund Class A Shares drawdown is 1.68%.


Related event

Drawdown

Fall

Recovery

Underwater

Rate-hike selloffLate 2018
-8.37%Dec 2018
11mo 2d1y 3mo
2y 2moJan 2018 - Apr 2020
2023 pullback2023
-7.28%May 2023
2mo 16d6mo 4d
8mo 20dMar 2023 - Nov 2023
2016 pullback2016
-6.40%Feb 2016
9mo 18d1y 7d
1y 9moApr 2015 - Feb 2017
Bear market2022
-5.99%Mar 2022
5mo 15d6mo 3d
11mo 18dSep 2021 - Aug 2022
2020 pullback2020
-5.91%Oct 2020
6mo 10d2mo 9d
8mo 19dApr 2020 - Jan 2021

Drawdown Indicators


CSQAXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-8.37%

-56.78%

+48.41%

Max Drawdown (1Y)

Largest decline over 1 year

-4.92%

-9.10%

+4.18%

Max Drawdown (3Y)

Largest decline over 3 years

-5.27%

-18.90%

+13.63%

Max Drawdown (5Y)

Largest decline over 5 years

-7.28%

-25.43%

+18.15%

Max Drawdown (10Y)

Largest decline over 10 years

-8.37%

-33.92%

+25.55%

Current Drawdown

Current decline from peak

-1.68%

0.00%

-1.68%

Average Drawdown

Average peak-to-trough decline

-2.07%

-10.72%

+8.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

1.97%

-0.01%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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