CSAAX vs. CSAIX
CSAAX (Mast Managed Futures Strategy Fund Class A) and CSAIX (Credit Suisse Managed Futures Strategy Fund) are both Systematic Trend funds. Over the past 10 years, CSAAX returned -0.26%/yr vs -0.02%/yr for CSAIX. Their 0.99 correlation means they have historically moved very closely together. CSAAX charges 1.58%/yr vs 1.30%/yr for CSAIX.
Performance
CSAAX vs. CSAIX - 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 CSAIX's 1.47% return. Over the past 10 years, CSAAX has underperformed CSAIX with an annualized return of -0.26%, while CSAIX has yielded a comparatively higher -0.02% 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%
CSAIX
- 1D
- -0.25%
- 1M
- -1.26%
- 6M
- -1.42%
- YTD
- 1.47%
- 1Y
- 10.10%
- 3Y*
- -3.82%
- 5Y*
- 0.05%
- 10Y*
- -0.02%
- ALL TIME*
- 2.22%
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. CSAIX - 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% |
CSAIX Credit Suisse Managed Futures Strategy Fund | 1.47% | -5.84% | -5.57% | -6.15% | 21.24% | 7.46% | 1.86% | -4.39% | -4.01% | -1.47% |
Correlation
The correlation between CSAAX and CSAIX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2012 | 0.99 |
The correlation between CSAAX and CSAIX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
CSAAX vs. CSAIX — Risk / Return Rank
CSAAX
CSAIX
CSAAX vs. CSAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mast Managed Futures Strategy Fund Class A (CSAAX) and Credit Suisse Managed Futures Strategy Fund (CSAIX). 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 | CSAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.16 | -0.03 |
| Martin ratioReturn relative to average drawdown | 2.58 | 2.71 | -0.13 |
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Drawdowns
CSAAX vs. CSAIX - Drawdown Comparison
The maximum CSAAX drawdown since its inception was -29.18%, roughly equal to the maximum CSAIX drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for CSAAX and CSAIX.
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Drawdown Indicators
| CSAAX | CSAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -28.79% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -7.73% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -22.20% | -22.02% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -29.18% | -28.79% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -28.79% | -0.39% |
Current DrawdownCurrent decline from peak | -22.00% | -21.32% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -9.64% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.30% | +0.05% |
Volatility
CSAAX vs. CSAIX - Volatility Comparison
Mast Managed Futures Strategy Fund Class A (CSAAX) and Credit Suisse Managed Futures Strategy Fund (CSAIX) have volatilities of 2.30% and 2.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAAX | CSAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.26% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 10.05% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 11.75% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 10.41% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 10.09% | -0.01% |
CSAAX vs. CSAIX - Expense Ratio Comparison
CSAAX has a 1.58% expense ratio, which is higher than CSAIX's 1.30% expense ratio.
Dividends
CSAAX vs. CSAIX - Dividend Comparison
CSAAX's dividend yield for the trailing twelve months is around 2.86%, less than CSAIX's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CSAIX Credit Suisse Managed Futures Strategy Fund | 3.04% | 2.27% | 2.95% | 0.52% | 18.80% | 8.84% | 0.00% | 1.74% | 0.00% | 0.00% | 2.64% | 8.69% |
Frequently Asked Questions
With a correlation of 0.99, CSAAX and CSAIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CSAAX has higher volatility (2.30%) compared to CSAIX (2.26%). In terms of maximum drawdown, CSAAX dropped -29.18% vs CSAIX's -28.79%.
CSAIX currently has the higher Sharpe Ratio (0.76 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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