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 -0.14%/yr vs 2.69%/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 2.56% return, which is significantly higher than LCSIX's 0.23% return. Over the past 10 years, CSAAX has underperformed LCSIX with an annualized return of -0.14%, while LCSIX has yielded a comparatively higher 2.69% annualized return.
CSAAX
- 1D
- -0.38%
- 1M
- -0.43%
- 6M
- -2.47%
- YTD
- 2.56%
- 1Y
- 9.74%
- 3Y*
- -4.13%
- 5Y*
- 0.23%
- 10Y*
- -0.14%
LCSIX
- 1D
- 0.00%
- 1M
- -1.82%
- 6M
- 0.82%
- YTD
- 0.23%
- 1Y
- -0.68%
- 3Y*
- -2.22%
- 5Y*
- 0.28%
- 10Y*
- 2.69%
CSAAX vs. LCSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Manteio Managed Futures Fund A | 2.56% | -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 | 0.23% | 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 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
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 | 0.14 |
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 | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.98 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.16 | +1.41 |
| Martin ratioReturn relative to average drawdown | 3.00 | -0.36 | +3.37 |
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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% | -4.97% | -2.74% |
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 | -21.10% | -11.00% | -10.10% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -6.39% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.20% | +1.00% |
Volatility
CSAAX vs. LCSIX - Volatility Comparison
Manteio Managed Futures Fund A (CSAAX) has a higher volatility of 2.57% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.34%. 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 | 2.57% | 1.34% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 4.79% | +5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 5.93% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 5.51% | +4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.07% | 6.65% | +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 2.83%, more than LCSIX's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Manteio Managed Futures Fund A | 2.83% | 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 | 2.31% | 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 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSAAX has higher volatility (2.57%) compared to LCSIX (1.34%). In terms of maximum drawdown, CSAAX dropped -29.18% vs LCSIX's -25.13%.
CSAAX currently has the higher Sharpe Ratio (0.83 vs -0.13), 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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