CSQAX vs. JAAAX
Compare and contrast key facts about Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
CSQAX is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse Liquid Alternative Beta Index. It was launched on Mar 30, 2012. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
CSQAX vs. JAAAX - Performance Comparison
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CSQAX vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.07% | 0.73% | 0.66% | 1.72% | 5.52% | 9.98% | 6.10% | 2.88% | -4.31% | 4.07% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.52% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
Returns By Period
In the year-to-date period, CSQAX achieves a 1.07% return, which is significantly lower than JAAAX's 2.52% return. Over the past 10 years, CSQAX has underperformed JAAAX with an annualized return of 3.10%, while JAAAX has yielded a comparatively higher 4.05% annualized return.
CSQAX
- 1D
- 0.12%
- 1M
- -4.37%
- YTD
- 1.07%
- 6M
- 1.86%
- 1Y
- -1.79%
- 3Y*
- 2.54%
- 5Y*
- 2.78%
- 10Y*
- 3.10%
JAAAX
- 1D
- 0.41%
- 1M
- -1.56%
- YTD
- 2.52%
- 6M
- 3.59%
- 1Y
- 8.05%
- 3Y*
- 6.41%
- 5Y*
- 4.12%
- 10Y*
- 4.05%
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CSQAX vs. JAAAX - Expense Ratio Comparison
CSQAX has a 1.74% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Return for Risk
CSQAX vs. JAAAX — Risk / Return Rank
CSQAX
JAAAX
CSQAX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). 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.
| CSQAX | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.18 | 1.75 | -1.93 |
Sortino ratioReturn per unit of downside risk | -0.19 | 2.35 | -2.54 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.39 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.88 | -2.08 |
Martin ratioReturn relative to average drawdown | -0.31 | 9.41 | -9.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSQAX | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 1.75 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.98 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.93 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.84 | -0.35 |
Correlation
The correlation between CSQAX and JAAAX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CSQAX vs. JAAAX - Dividend Comparison
CSQAX's dividend yield for the trailing twelve months is around 1.07%, less than JAAAX's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.07% | 1.09% | 6.54% | 2.73% | 2.59% | 9.06% | 13.23% | 4.77% | 1.84% | 5.27% | 1.87% | 0.24% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.49% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
CSQAX vs. JAAAX - Drawdown Comparison
The maximum CSQAX drawdown since its inception was -8.37%, smaller than the maximum JAAAX drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for CSQAX and JAAAX.
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Drawdown Indicators
| CSQAX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.37% | -15.72% | +7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -4.43% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -7.28% | -6.28% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -8.37% | -12.64% | +4.27% |
Current DrawdownCurrent decline from peak | -4.58% | -1.61% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -2.06% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 0.88% | +2.29% |
Volatility
CSQAX vs. JAAAX - Volatility Comparison
Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) has a higher volatility of 3.05% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.16%. This indicates that CSQAX's price experiences larger fluctuations and is considered to be riskier than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSQAX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.16% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 2.74% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.59% | 4.73% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 4.22% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 4.38% | +1.60% |