CSAAX vs. ABYIX
CSAAX (Mast Managed Futures Strategy Fund Class A) and ABYIX (Abbey Capital Futures Strategy Fund Class I) are both Systematic Trend funds. Over the past 10 years, CSAAX returned -0.26%/yr vs 2.93%/yr for ABYIX. Their correlation of 0.80 means they have usually moved in the same direction. CSAAX charges 1.58%/yr vs 1.79%/yr for ABYIX.
Performance
CSAAX vs. ABYIX - Performance Comparison
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Returns By Period
In the year-to-date period, CSAAX achieves a 1.38% return, which is significantly lower than ABYIX's 4.35% return. Over the past 10 years, CSAAX has underperformed ABYIX with an annualized return of -0.26%, while ABYIX has yielded a comparatively higher 2.93% annualized return.
CSAAX
- 1D
- -0.26%
- 1M
- -1.27%
- 6M
- -1.53%
- YTD
- 1.38%
- 1Y
- 9.82%
- 3Y*
- -4.06%
- 5Y*
- -0.19%
- 10Y*
- -0.26%
- ALL TIME*
- 1.96%
ABYIX
- 1D
- -0.69%
- 1M
- -1.03%
- 6M
- 1.23%
- YTD
- 4.35%
- 1Y
- 13.01%
- 3Y*
- 1.45%
- 5Y*
- 3.61%
- 10Y*
- 2.93%
- ALL TIME*
- 4.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CSAAX vs. ABYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Mast Managed Futures Strategy Fund Class A | 1.38% | -6.15% | -5.81% | -6.29% | 20.93% | 7.18% | 1.57% | -4.58% | -4.32% | -1.57% |
ABYIX Abbey Capital Futures Strategy Fund Class I | 4.35% | 1.62% | 1.11% | -3.29% | 17.06% | 3.39% | 7.92% | 8.84% | -6.15% | -0.09% |
Correlation
The correlation between CSAAX and ABYIX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.80 |
The correlation between CSAAX and ABYIX has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
CSAAX vs. ABYIX — Risk / Return Rank
CSAAX
ABYIX
CSAAX vs. ABYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mast Managed Futures Strategy Fund Class A (CSAAX) and Abbey Capital Futures Strategy Fund Class I (ABYIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSAAX | ABYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.78 | -1.65 |
| Martin ratioReturn relative to average drawdown | 2.58 | 7.97 | -5.39 |
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Drawdowns
CSAAX vs. ABYIX - Drawdown Comparison
The maximum CSAAX drawdown since its inception was -29.18%, which is greater than ABYIX's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for CSAAX and ABYIX.
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Drawdown Indicators
| CSAAX | ABYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -17.13% | -12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -4.08% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -22.20% | -14.00% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -29.18% | -14.66% | -14.52% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -14.74% | -14.44% |
Current DrawdownCurrent decline from peak | -22.00% | -4.08% | -17.92% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -6.61% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 1.43% | +1.92% |
Volatility
CSAAX vs. ABYIX - Volatility Comparison
Mast Managed Futures Strategy Fund Class A (CSAAX) has a higher volatility of 2.30% compared to Abbey Capital Futures Strategy Fund Class I (ABYIX) at 1.78%. This indicates that CSAAX's price experiences larger fluctuations and is considered to be riskier than ABYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAAX | ABYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 1.78% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 5.60% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 7.93% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 7.91% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 7.99% | +2.09% |
CSAAX vs. ABYIX - Expense Ratio Comparison
CSAAX has a 1.58% expense ratio, which is lower than ABYIX's 1.79% expense ratio.
Dividends
CSAAX vs. ABYIX - Dividend Comparison
CSAAX's dividend yield for the trailing twelve months is around 2.86%, more than ABYIX's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABYIX Abbey Capital Futures Strategy Fund Class I | 1.27% | 1.33% | 2.10% | 2.03% | 15.24% | 3.68% | 1.54% | 8.70% | 0.14% | 0.00% | 0.00% | 0.24% |
CSAAX Mast Managed Futures Strategy Fund Class A | 2.86% | 2.13% | 1.76% | 0.27% | 18.83% | 8.69% | 0.00% | 1.51% | 0.00% | 0.00% | 2.66% | 8.46% |
Frequently Asked Questions
CSAAX and ABYIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSAAX has higher volatility (2.30%) compared to ABYIX (1.78%). In terms of maximum drawdown, CSAAX dropped -29.18% vs ABYIX's -17.13%.
ABYIX currently has the higher Sharpe Ratio (1.43 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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