CSAAX vs. AQMNX
Compare and contrast key facts about Manteio Managed Futures Fund A (CSAAX) and AQR Managed Futures Strategy Fund Class N (AQMNX).
CSAAX is an actively managed fund by Investment Managers Series Trust III. It was launched on Sep 28, 2012. AQMNX is an actively managed fund by AQR Funds. It was launched on Jan 6, 2010.
Performance
CSAAX vs. AQMNX - Performance Comparison
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CSAAX vs. AQMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Manteio Managed Futures Fund A | 2.61% | -6.15% | -5.81% | -6.29% | 20.93% | 7.18% | 1.57% | -4.58% | -4.32% | -1.57% |
AQMNX AQR Managed Futures Strategy Fund Class N | 10.02% | 14.38% | 7.96% | 1.79% | 35.16% | -1.31% | -0.62% | 1.57% | -9.12% | -1.19% |
Returns By Period
In the year-to-date period, CSAAX achieves a 2.61% return, which is significantly lower than AQMNX's 10.02% return. Over the past 10 years, CSAAX has underperformed AQMNX with an annualized return of -0.09%, while AQMNX has yielded a comparatively higher 4.21% annualized return.
CSAAX
- 1D
- -0.63%
- 1M
- -3.25%
- YTD
- 2.61%
- 6M
- 6.53%
- 1Y
- -4.27%
- 3Y*
- -3.91%
- 5Y*
- 0.49%
- 10Y*
- -0.09%
AQMNX
- 1D
- -0.48%
- 1M
- 1.76%
- YTD
- 10.02%
- 6M
- 13.50%
- 1Y
- 20.85%
- 3Y*
- 13.19%
- 5Y*
- 12.37%
- 10Y*
- 4.21%
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CSAAX vs. AQMNX - Expense Ratio Comparison
CSAAX has a 1.58% expense ratio, which is lower than AQMNX's 2.97% expense ratio.
Return for Risk
CSAAX vs. AQMNX — Risk / Return Rank
CSAAX
AQMNX
CSAAX vs. AQMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manteio Managed Futures Fund A (CSAAX) and AQR Managed Futures Strategy Fund Class N (AQMNX). 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.
| CSAAX | AQMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 2.27 | -2.67 |
Sortino ratioReturn per unit of downside risk | -0.43 | 2.83 | -3.26 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.42 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | -0.34 | 3.92 | -4.26 |
Martin ratioReturn relative to average drawdown | -0.48 | 11.34 | -11.82 |
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
| CSAAX | AQMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 2.27 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.08 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.41 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.38 | -0.16 |
Correlation
The correlation between CSAAX and AQMNX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CSAAX vs. AQMNX - Dividend Comparison
CSAAX's dividend yield for the trailing twelve months is around 2.74%, more than AQMNX's 1.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Manteio Managed Futures Fund A | 2.74% | 2.13% | 1.76% | 0.27% | 18.83% | 8.69% | 0.00% | 1.51% | 0.00% | 0.00% | 2.66% | 8.46% |
AQMNX AQR Managed Futures Strategy Fund Class N | 1.86% | 2.05% | 3.61% | 8.15% | 12.59% | 6.59% | 4.17% | 2.92% | 0.00% | 0.00% | 0.02% | 6.30% |
Drawdowns
CSAAX vs. AQMNX - Drawdown Comparison
The maximum CSAAX drawdown since its inception was -29.18%, which is greater than AQMNX's maximum drawdown of -27.50%. Use the drawdown chart below to compare losses from any high point for CSAAX and AQMNX.
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Drawdown Indicators
| CSAAX | AQMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -27.50% | -1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -5.29% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -29.18% | -13.70% | -15.48% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -24.13% | -5.05% |
Current DrawdownCurrent decline from peak | -21.06% | -0.48% | -20.58% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -10.50% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.55% | 1.83% | +8.72% |
Volatility
CSAAX vs. AQMNX - Volatility Comparison
Manteio Managed Futures Fund A (CSAAX) has a higher volatility of 4.60% compared to AQR Managed Futures Strategy Fund Class N (AQMNX) at 2.54%. This indicates that CSAAX's price experiences larger fluctuations and is considered to be riskier than AQMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAAX | AQMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 2.54% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 6.65% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 9.49% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.39% | 11.47% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 10.32% | -0.30% |