- ISIN
- US22540S7945
- CUSIP
- 22540S794
- Issuer
- Credit Suisse
- Inception Date
- Mar 30, 2012
- Category
- Multistrategy
- 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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.12% | 5.79% | -4.58% | 3.86% | -1.01% | 0.23% | 4.14% | ||||||
| 2025 | 2.24% | 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% |
| 2021 | 1.95% | 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
- R²
- 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.
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.
| CSQAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 2.39 | -1.91 |
Sortino ratioReturn per unit of downside risk | 0.70 | 3.25 | -2.55 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 3.11 | -2.41 |
Martin ratioReturn relative to average drawdown | 1.76 | 14.38 | -12.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 2d | 1y 3mo | 2y 2moJan 2018 - Apr 2020 |
2023 pullback2023 | -7.28%May 2023 | 2mo 16d | 6mo 4d | 8mo 20dMar 2023 - Nov 2023 |
2016 pullback2016 | -6.40%Feb 2016 | 9mo 18d | 1y 7d | 1y 9moApr 2015 - Feb 2017 |
Bear market2022 | -5.99%Mar 2022 | 5mo 15d | 6mo 3d | 11mo 18dSep 2021 - Aug 2022 |
2020 pullback2020 | -5.91%Oct 2020 | 6mo 10d | 2mo 9d | 8mo 19dApr 2020 - Jan 2021 |
Drawdown Indicators
| CSQAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -1.68% | 0.00% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -10.72% | +8.65% |
Ulcer IndexDepth 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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