Correlation
The correlation between CSQAX and QUAL is 0.40, 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.
CSQAX vs. QUAL
Compare and contrast key facts about Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
CSQAX is a passively managed fund by Credit Suisse Group AG that tracks the performance of the Credit Suisse Liquid Alternative Beta Index. It was launched on Mar 30, 2012. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both CSQAX and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSQAX or QUAL.
Performance
CSQAX vs. QUAL - Performance Comparison
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Key characteristics
CSQAX:
0.10
QUAL:
0.47
CSQAX:
0.30
QUAL:
0.68
CSQAX:
1.04
QUAL:
1.09
CSQAX:
0.24
QUAL:
0.40
CSQAX:
0.50
QUAL:
1.47
CSQAX:
2.36%
QUAL:
4.86%
CSQAX:
6.15%
QUAL:
18.57%
CSQAX:
-8.37%
QUAL:
-34.06%
CSQAX:
-2.60%
QUAL:
-4.74%
Returns By Period
In the year-to-date period, CSQAX achieves a 1.42% return, which is significantly higher than QUAL's -0.35% return. Over the past 10 years, CSQAX has underperformed QUAL with an annualized return of 2.68%, while QUAL has yielded a comparatively higher 12.35% annualized return.
CSQAX
1.42%
-0.23%
1.18%
0.62%
3.29%
4.07%
2.68%
QUAL
-0.35%
4.54%
-3.94%
8.63%
14.29%
14.51%
12.35%
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CSQAX vs. QUAL - Expense Ratio Comparison
CSQAX has a 1.74% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Risk-Adjusted Performance
CSQAX vs. QUAL — Risk-Adjusted Performance Rank
CSQAX
QUAL
CSQAX vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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.
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Dividends
CSQAX vs. QUAL - Dividend Comparison
CSQAX's dividend yield for the trailing twelve months is around 6.44%, more than QUAL's 1.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 6.44% | 6.53% | 2.73% | 2.58% | 9.06% | 13.23% | 4.76% | 1.83% | 5.27% | 1.87% | 0.24% | 2.65% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.03% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% |
Drawdowns
CSQAX vs. QUAL - Drawdown Comparison
The maximum CSQAX drawdown since its inception was -8.37%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for CSQAX and QUAL.
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Volatility
CSQAX vs. QUAL - Volatility Comparison
The current volatility for Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) is 1.48%, while iShares Edge MSCI USA Quality Factor ETF (QUAL) has a volatility of 4.88%. This indicates that CSQAX experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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