CSAIX vs. CHIAX
CSAIX (Credit Suisse Managed Futures Strategy Fund) and CHIAX (Credit Suisse Floating Rate High Income Fund) are both mutual funds - CSAIX is a Systematic Trend fund managed by Credit Suisse, while CHIAX is a Bank Loan fund managed by Credit Suisse. Over the past 10 years, CSAIX returned 0.46%/yr vs 4.29%/yr for CHIAX. At a correlation of -0.03, they often move in opposite directions. CSAIX charges 1.30%/yr vs 0.95%/yr for CHIAX.
Performance
CSAIX vs. CHIAX - Performance Comparison
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Returns By Period
In the year-to-date period, CSAIX achieves a 4.55% return, which is significantly higher than CHIAX's 0.96% return. Over the past 10 years, CSAIX has underperformed CHIAX with an annualized return of 0.46%, while CHIAX has yielded a comparatively higher 4.29% annualized return.
CSAIX
- 1D
- 0.74%
- 1M
- -1.81%
- YTD
- 4.55%
- 6M
- 4.82%
- 1Y
- 13.68%
- 3Y*
- -3.89%
- 5Y*
- 0.99%
- 10Y*
- 0.46%
CHIAX
- 1D
- 0.00%
- 1M
- 0.08%
- YTD
- 0.96%
- 6M
- 1.59%
- 1Y
- 3.66%
- 3Y*
- 5.76%
- 5Y*
- 4.22%
- 10Y*
- 4.29%
CSAIX vs. CHIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSAIX Credit Suisse Managed Futures Strategy Fund | 4.55% | -5.84% | -5.57% | -6.15% | 21.24% | 7.46% | 1.86% | -4.39% | -4.01% | -1.47% |
CHIAX Credit Suisse Floating Rate High Income Fund | 0.96% | 4.25% | 6.85% | 11.03% | -3.14% | 5.03% | 2.32% | 6.67% | -0.22% | 4.33% |
Correlation
The correlation between CSAIX and CHIAX is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2011 | -0.03 |
The correlation between CSAIX and CHIAX shifts across timeframes, from -0.08 (5 years) to 0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSAIX vs. CHIAX — Risk / Return Rank
CSAIX
CHIAX
CSAIX vs. CHIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Managed Futures Strategy Fund (CSAIX) and Credit Suisse Floating Rate High Income Fund (CHIAX). 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 | CHIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.48 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.91 | -0.21 |
| Martin ratioReturn relative to average drawdown | 4.56 | 5.85 | -1.30 |
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Drawdowns
CSAIX vs. CHIAX - Drawdown Comparison
The maximum CSAIX drawdown since its inception was -28.79%, smaller than the maximum CHIAX drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for CSAIX and CHIAX.
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Drawdown Indicators
| CSAIX | CHIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.79% | -37.29% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -2.02% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.02% | -2.41% | -19.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.79% | -5.99% | -22.80% |
Max Drawdown (10Y)Largest decline over 10 years | -28.79% | -19.94% | -8.85% |
Current DrawdownCurrent decline from peak | -18.94% | -0.49% | -18.45% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -2.03% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 0.66% | +2.21% |
Volatility
CSAIX vs. CHIAX - Volatility Comparison
Credit Suisse Managed Futures Strategy Fund (CSAIX) has a higher volatility of 2.87% compared to Credit Suisse Floating Rate High Income Fund (CHIAX) at 0.66%. This indicates that CSAIX's price experiences larger fluctuations and is considered to be riskier than CHIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAIX | CHIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 0.66% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 1.85% | +8.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 2.47% | +9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.43% | 2.75% | +7.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 3.58% | +6.52% |
CSAIX vs. CHIAX - Expense Ratio Comparison
CSAIX has a 1.30% expense ratio, which is higher than CHIAX's 0.95% expense ratio.
Dividends
CSAIX vs. CHIAX - Dividend Comparison
CSAIX's dividend yield for the trailing twelve months is around 2.86%, less than CHIAX's 6.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIAX Credit Suisse Floating Rate High Income Fund | 6.61% | 7.44% | 7.25% | 7.19% | 3.90% | 3.38% | 4.19% | 4.94% | 4.38% | 3.79% | 4.47% | 4.26% |
CSAIX Credit Suisse Managed Futures Strategy Fund | 2.86% | 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
CSAIX and CHIAX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSAIX has higher volatility (2.87%) compared to CHIAX (0.66%). In terms of maximum drawdown, CSAIX dropped -28.79% vs CHIAX's -37.29%.
CHIAX currently has the higher Sharpe Ratio (1.56 vs 1.14), 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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