ADANX vs. CSQAX
Compare and contrast key facts about AQR Diversified Arbitrage Fund Class N (ADANX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX).
ADANX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009. CSQAX is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse Liquid Alternative Beta Index. It was launched on Mar 30, 2012.
Performance
ADANX vs. CSQAX - Performance Comparison
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ADANX vs. CSQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADANX AQR Diversified Arbitrage Fund Class N | 0.86% | 7.75% | 2.92% | 4.23% | -3.54% | 5.99% | 24.85% | 8.33% | 2.02% | 5.59% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.07% | 0.73% | 0.66% | 1.72% | 5.52% | 9.98% | 6.10% | 2.88% | -4.31% | 4.07% |
Returns By Period
In the year-to-date period, ADANX achieves a 0.86% return, which is significantly lower than CSQAX's 1.07% return. Over the past 10 years, ADANX has outperformed CSQAX with an annualized return of 6.49%, while CSQAX has yielded a comparatively lower 3.10% annualized return.
ADANX
- 1D
- 0.16%
- 1M
- 0.08%
- YTD
- 0.86%
- 6M
- 2.58%
- 1Y
- 6.13%
- 3Y*
- 4.95%
- 5Y*
- 2.37%
- 10Y*
- 6.49%
CSQAX
- 1D
- 0.12%
- 1M
- -4.37%
- YTD
- 1.07%
- 6M
- 1.86%
- 1Y
- -1.79%
- 3Y*
- 2.54%
- 5Y*
- 2.78%
- 10Y*
- 3.10%
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ADANX vs. CSQAX - Expense Ratio Comparison
ADANX has a 2.12% expense ratio, which is higher than CSQAX's 1.74% expense ratio.
Return for Risk
ADANX vs. CSQAX — Risk / Return Rank
ADANX
CSQAX
ADANX vs. CSQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class N (ADANX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX). 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.
| ADANX | CSQAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.02 | -0.18 | +4.20 |
Sortino ratioReturn per unit of downside risk | 6.60 | -0.19 | +6.79 |
Omega ratioGain probability vs. loss probability | 1.97 | 0.98 | +0.99 |
Calmar ratioReturn relative to maximum drawdown | 9.66 | -0.20 | +9.85 |
Martin ratioReturn relative to average drawdown | 38.51 | -0.31 | +38.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADANX | CSQAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.02 | -0.18 | +4.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.44 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.52 | 0.52 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.49 | +0.63 |
Correlation
The correlation between ADANX and CSQAX is 0.08, 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.
Dividends
ADANX vs. CSQAX - Dividend Comparison
ADANX's dividend yield for the trailing twelve months is around 1.84%, more than CSQAX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADANX AQR Diversified Arbitrage Fund Class N | 1.84% | 1.86% | 0.96% | 2.47% | 0.10% | 0.40% | 1.33% | 1.81% | 6.22% | 6.84% | 6.83% | 4.43% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.07% | 1.09% | 6.54% | 2.73% | 2.59% | 9.06% | 13.23% | 4.77% | 1.84% | 5.27% | 1.87% | 0.24% |
Drawdowns
ADANX vs. CSQAX - Drawdown Comparison
The maximum ADANX drawdown since its inception was -14.73%, which is greater than CSQAX's maximum drawdown of -8.37%. Use the drawdown chart below to compare losses from any high point for ADANX and CSQAX.
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Drawdown Indicators
| ADANX | CSQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.73% | -8.37% | -6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -0.64% | -5.05% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | -7.28% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -14.73% | -8.37% | -6.36% |
Current DrawdownCurrent decline from peak | -0.15% | -4.58% | +4.43% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -2.07% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 3.17% | -3.01% |
Volatility
ADANX vs. CSQAX - Volatility Comparison
The current volatility for AQR Diversified Arbitrage Fund Class N (ADANX) is 0.41%, while Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) has a volatility of 3.05%. This indicates that ADANX experiences smaller price fluctuations and is considered to be less risky than CSQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADANX | CSQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 3.05% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 5.76% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 7.59% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 6.33% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 5.98% | -1.69% |