CSAAX vs. LCSIX
CSAAX (Manteio Managed Futures Fund A) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both Systematic Trend funds. Over the past 10 years, CSAAX returned 0.12%/yr vs 2.76%/yr for LCSIX. At a 0.16 correlation, their price movements are largely independent. CSAAX charges 1.58%/yr vs 1.75%/yr for LCSIX.
Performance
CSAAX vs. LCSIX - Performance Comparison
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Returns By Period
In the year-to-date period, CSAAX achieves a 3.78% return, which is significantly higher than LCSIX's 1.16% return. Over the past 10 years, CSAAX has underperformed LCSIX with an annualized return of 0.12%, while LCSIX has yielded a comparatively higher 2.76% annualized return.
CSAAX
- 1D
- -1.36%
- 1M
- -2.56%
- YTD
- 3.78%
- 6M
- 3.64%
- 1Y
- 11.95%
- 3Y*
- -3.89%
- 5Y*
- 0.28%
- 10Y*
- 0.12%
LCSIX
- 1D
- -0.34%
- 1M
- -0.23%
- YTD
- 1.16%
- 6M
- -0.23%
- 1Y
- 0.24%
- 3Y*
- -1.82%
- 5Y*
- 0.40%
- 10Y*
- 2.76%
CSAAX vs. LCSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Manteio Managed Futures Fund A | 3.78% | -6.15% | -5.81% | -6.29% | 20.93% | 7.18% | 1.57% | -4.58% | -4.32% | -1.57% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 1.16% | 1.13% | -8.29% | -3.07% | 6.04% | 14.90% | 9.90% | -5.97% | 15.16% | 6.19% |
Correlation
The correlation between CSAAX and LCSIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2012 | 0.16 |
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Return for Risk
CSAAX vs. LCSIX — Risk / Return Rank
CSAAX
LCSIX
CSAAX vs. LCSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manteio Managed Futures Fund A (CSAAX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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 | LCSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.98 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.26 | +1.89 |
| Martin ratioReturn relative to average drawdown | 4.29 | -0.50 | +4.79 |
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Drawdowns
CSAAX vs. LCSIX - Drawdown Comparison
The maximum CSAAX drawdown since its inception was -29.18%, which is greater than LCSIX's maximum drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for CSAAX and LCSIX.
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Drawdown Indicators
| CSAAX | LCSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -25.13% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -3.87% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -22.20% | -11.60% | -10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.18% | -13.21% | -15.97% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -13.54% | -15.64% |
Current DrawdownCurrent decline from peak | -20.16% | -10.18% | -9.98% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -6.38% | -4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 1.98% | +0.95% |
Volatility
CSAAX vs. LCSIX - Volatility Comparison
Manteio Managed Futures Fund A (CSAAX) has a higher volatility of 2.97% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.21%. This indicates that CSAAX's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAAX | LCSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 1.21% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 4.89% | +5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 6.09% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.40% | 5.50% | +4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 6.66% | +3.42% |
CSAAX vs. LCSIX - Expense Ratio Comparison
CSAAX has a 1.58% expense ratio, which is lower than LCSIX's 1.75% expense ratio.
Dividends
CSAAX vs. LCSIX - Dividend Comparison
CSAAX's dividend yield for the trailing twelve months is around 2.45%, more than LCSIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Manteio Managed Futures Fund A | 2.45% | 2.13% | 1.76% | 0.27% | 18.83% | 8.69% | 0.00% | 1.51% | 0.00% | 0.00% | 2.66% | 8.46% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 2.29% | 2.32% | 2.75% | 1.88% | 10.75% | 7.14% | 2.94% | 0.54% | 12.36% | 0.02% | 3.21% | 7.36% |
Frequently Asked Questions
CSAAX and LCSIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSAAX has higher volatility (2.97%) compared to LCSIX (1.21%). In terms of maximum drawdown, CSAAX dropped -29.18% vs LCSIX's -25.13%.
CSAAX currently has the higher Sharpe Ratio (1.10 vs -0.16), 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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