CSAIX vs. CCRV

Last updated Jun 24, 2026

CSAIX (Credit Suisse Managed Futures Strategy Fund) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both funds - CSAIX is a Systematic Trend fund managed by Credit Suisse, while CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index. At a 0.10 correlation, their price movements are largely independent. CSAIX charges 1.30%/yr vs 0.40%/yr for CCRV.

Performance

CSAIX vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Suisse Managed Futures Strategy Fund (CSAIX) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CSAIX

• 1D: 0.74%
• 1M: -1.09%
• YTD: 5.32%
• 6M: 5.32%
• 1Y: 14.43%
• 3Y*: -3.23%
• 5Y*: 0.80%
• 10Y*: 0.50%

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSAIX vs. CCRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CSAIX Credit Suisse Managed Futures Strategy Fund	5.32%	-5.84%	-5.57%	-6.15%	21.24%	7.46%	4.12%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.16%

Correlation

The correlation between CSAIX and CCRV is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.10

The correlation between CSAIX and CCRV shifts across timeframes, from -0.04 (3 years) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CSAIX vs. CCRV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSAIX

CSAIX Risk / Return Rank: 24
CSAIX Sharpe Ratio Rank: 23
CSAIX Sortino Ratio Rank: 18
CSAIX Omega Ratio Rank: 29
CSAIX Calmar Ratio Rank: 29
CSAIX Martin Ratio Rank: 22

CCRV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSAIX vs. CCRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Managed Futures Strategy Fund (CSAIX) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.

	CSAIX	CCRV	Difference
Sharpe ratio: Return per unit of total volatility	1.27	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.89	—	—
Martin ratio: Return relative to average drawdown	5.05	—	—

Drawdowns

Drawdown Indicators

	CSAIX	CCRV	Difference
Max Drawdown Largest peak-to-trough decline	-28.79%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.79%	—	—
Current Drawdown Current decline from peak	-18.34%	—	—
Average Drawdown Average peak-to-trough decline	-9.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	—	—

Volatility

Volatility by Period

	CSAIX	CCRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.10%	—	—

CSAIX vs. CCRV - Expense Ratio Comparison

CSAIX has a 1.30% expense ratio, which is higher than CCRV's 0.40% expense ratio.

Dividends

CSAIX vs. CCRV - Dividend Comparison

CSAIX's dividend yield for the trailing twelve months is around 2.53%, while CCRV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CSAIX Credit Suisse Managed Futures Strategy Fund	2.53%	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

Can I hold both CSAIX and CCRV in my portfolio?

CSAIX and CCRV have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.