CSAIX vs. CRSOX

Last updated Jun 23, 2026

CSAIX (Credit Suisse Managed Futures Strategy Fund) and CRSOX (Credit Suisse Commodity Return Strategy Fund) are both mutual funds - CSAIX is a Systematic Trend fund managed by Credit Suisse, while CRSOX is a Commodities fund managed by Credit Suisse. Over the past 10 years, CSAIX returned 0.46%/yr vs 6.25%/yr for CRSOX. At a 0.09 correlation, their price movements are largely independent. CSAIX charges 1.30%/yr vs 0.81%/yr for CRSOX.

Performance

CSAIX vs. CRSOX - Performance Comparison

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

Returns By Period

In the year-to-date period, CSAIX achieves a 4.55% return, which is significantly lower than CRSOX's 17.64% return. Over the past 10 years, CSAIX has underperformed CRSOX with an annualized return of 0.46%, while CRSOX has yielded a comparatively higher 6.25% 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%

CRSOX

• 1D: -1.01%
• 1M: -8.19%
• YTD: 17.64%
• 6M: 17.69%
• 1Y: 23.41%
• 3Y*: 11.35%
• 5Y*: 10.89%
• 10Y*: 6.25%

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

CSAIX vs. CRSOX - 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%
CRSOX Credit Suisse Commodity Return Strategy Fund	17.64%	15.66%	5.21%	-8.88%	16.40%	28.99%	-1.12%	6.99%	-11.65%	1.75%

Correlation

The correlation between CSAIX and CRSOX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jan 12, 2011	0.09

Over the past year, CSAIX and CRSOX have become more correlated (0.62) than their long-term average of 0.09, meaning their price movements have been converging.

Return for Risk

CSAIX vs. CRSOX — Risk / Return Rank

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

CSAIX

CSAIX Risk / Return Rank: 20
CSAIX Sharpe Ratio Rank: 18
CSAIX Sortino Ratio Rank: 15
CSAIX Omega Ratio Rank: 24
CSAIX Calmar Ratio Rank: 24
CSAIX Martin Ratio Rank: 19

CRSOX

CRSOX Risk / Return Rank: 29
CRSOX Sharpe Ratio Rank: 27
CRSOX Sortino Ratio Rank: 23
CRSOX Omega Ratio Rank: 26
CRSOX Calmar Ratio Rank: 34
CRSOX Martin Ratio Rank: 34

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. CRSOX - 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 Commodity Return Strategy Fund (CRSOX). 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	CRSOX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.39	-0.24
Sortino ratio: Return per unit of downside risk	1.49	1.85	-0.37
Omega ratio: Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio: Return relative to maximum drawdown	1.70	2.08	-0.38
Martin ratio: Return relative to average drawdown	4.56	7.23	-2.68

CSAIX vs. CRSOX - Sharpe Ratio Comparison

The current CSAIX Sharpe Ratio is 1.14, which is comparable to the CRSOX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of CSAIX and CRSOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSAIX vs. CRSOX - Drawdown Comparison

The maximum CSAIX drawdown since its inception was -28.79%, smaller than the maximum CRSOX drawdown of -74.26%. Use the drawdown chart below to compare losses from any high point for CSAIX and CRSOX.

Drawdown Indicators

	CSAIX	CRSOX	Difference
Max Drawdown Largest peak-to-trough decline	-28.79%	-74.26%	+45.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-10.96%	+3.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.02%	-11.43%	-10.59%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-25.50%	-3.29%
Max Drawdown (10Y) Largest decline over 10 years	-28.79%	-31.89%	+3.10%
Current Drawdown Current decline from peak	-18.94%	-33.73%	+14.79%
Average Drawdown Average peak-to-trough decline	-9.57%	-45.11%	+35.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	3.30%	-0.43%

Volatility

CSAIX vs. CRSOX - Volatility Comparison

The current volatility for Credit Suisse Managed Futures Strategy Fund (CSAIX) is 2.87%, while Credit Suisse Commodity Return Strategy Fund (CRSOX) has a volatility of 4.09%. This indicates that CSAIX experiences smaller price fluctuations and is considered to be less risky than CRSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSAIX	CRSOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	4.09%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	10.76%	14.33%	-3.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.50%	16.45%	-4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.43%	16.03%	-5.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.10%	14.32%	-4.22%

CSAIX vs. CRSOX - Expense Ratio Comparison

CSAIX has a 1.30% expense ratio, which is higher than CRSOX's 0.81% expense ratio.

Dividends

CSAIX vs. CRSOX - Dividend Comparison

CSAIX's dividend yield for the trailing twelve months is around 2.86%, less than CRSOX's 6.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRSOX Credit Suisse Commodity Return Strategy Fund	6.80%	4.78%	3.39%	3.38%	16.50%	39.76%	0.14%	1.20%	1.12%	2.75%	0.00%	0.00%
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

Can I hold both CSAIX and CRSOX in my portfolio?

CSAIX and CRSOX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSAIX or CRSOX?

CRSOX has higher volatility (4.09%) compared to CSAIX (2.87%). In terms of maximum drawdown, CSAIX dropped -28.79% vs CRSOX's -74.26%.

Which has better risk-adjusted returns?

CRSOX currently has the higher Sharpe Ratio (1.39 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.