CSQIX vs. CSAAX
CSQIX (Mast Multialternative Strategy Fund Class I) and CSAAX (Mast Managed Futures Strategy Fund Class A) are both mutual funds - CSQIX is a Multistrategy fund actively managed by Mast, while CSAAX is a Systematic Trend fund actively managed by Mast. Both are actively managed. Over the past 10 years, CSQIX returned 3.32%/yr vs -0.26%/yr for CSAAX. Their 0.25 correlation means their historical movements had little consistent relationship. CSQIX charges 0.90%/yr vs 1.58%/yr for CSAAX.
Performance
CSQIX vs. CSAAX - Performance Comparison
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Returns By Period
In the year-to-date period, CSQIX achieves a 3.30% return, which is significantly higher than CSAAX's 1.38% return. Over the past 10 years, CSQIX has outperformed CSAAX with an annualized return of 3.32%, while CSAAX has yielded a comparatively lower -0.26% annualized return.
CSQIX
- 1D
- 0.73%
- 1M
- 1.09%
- 6M
- 3.05%
- YTD
- 3.30%
- 1Y
- 5.41%
- 3Y*
- 3.36%
- 5Y*
- 2.93%
- 10Y*
- 3.32%
- ALL TIME*
- 3.05%
CSAAX
- 1D
- -0.26%
- 1M
- -1.27%
- 6M
- -1.53%
- YTD
- 1.38%
- 1Y
- 9.82%
- 3Y*
- -4.06%
- 5Y*
- -0.19%
- 10Y*
- -0.26%
- ALL TIME*
- 1.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CSQIX vs. CSAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSQIX Mast Multialternative Strategy Fund Class I | 3.30% | 0.90% | 0.87% | 1.95% | 5.82% | 10.23% | 6.39% | 4.30% | -5.08% | 3.85% |
CSAAX Mast Managed Futures Strategy Fund Class A | 1.38% | -6.15% | -5.81% | -6.29% | 20.93% | 7.18% | 1.57% | -4.58% | -4.32% | -1.57% |
Correlation
The correlation between CSQIX and CSAAX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2012 | 0.25 |
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Return for Risk
CSQIX vs. CSAAX — Risk / Return Rank
CSQIX
CSAAX
CSQIX vs. CSAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mast Multialternative Strategy Fund Class I (CSQIX) and Mast Managed Futures Strategy Fund Class A (CSAAX). 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.
| CSQIX | CSAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.15 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.12 | -0.22 |
| Martin ratioReturn relative to average drawdown | 2.24 | 2.58 | -0.34 |
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Drawdowns
CSQIX vs. CSAAX - Drawdown Comparison
The maximum CSQIX drawdown since its inception was -13.33%, smaller than the maximum CSAAX drawdown of -29.18%. Use the drawdown chart below to compare losses from any high point for CSQIX and CSAAX.
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Drawdown Indicators
| CSQIX | CSAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.33% | -29.18% | +15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -7.71% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -13.33% | -22.20% | +8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -13.33% | -29.18% | +15.85% |
Max Drawdown (10Y)Largest decline over 10 years | -13.33% | -29.18% | +15.85% |
Current DrawdownCurrent decline from peak | -8.41% | -22.00% | +13.59% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -10.77% | +7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.35% | -1.34% |
Volatility
CSQIX vs. CSAAX - Volatility Comparison
Mast Multialternative Strategy Fund Class I (CSQIX) and Mast Managed Futures Strategy Fund Class A (CSAAX) have volatilities of 2.30% and 2.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSQIX | CSAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.30% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.24% | 10.02% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 11.69% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 10.37% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.46% | 10.08% | -1.62% |
CSQIX vs. CSAAX - Expense Ratio Comparison
CSQIX has a 0.90% expense ratio, which is lower than CSAAX's 1.58% expense ratio.
Dividends
CSQIX vs. CSAAX - Dividend Comparison
CSQIX's dividend yield for the trailing twelve months is around 1.56%, less than CSAAX's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSAAX Mast Managed Futures Strategy Fund Class A | 2.86% | 2.13% | 1.76% | 0.27% | 18.83% | 8.69% | 0.00% | 1.51% | 0.00% | 0.00% | 2.66% | 8.46% |
CSQIX Mast Multialternative Strategy Fund Class I | 1.56% | 1.28% | 13.42% | 2.95% | 2.80% | 9.19% | 13.34% | 4.97% | 1.84% | 4.76% | 2.11% | 0.24% |
Frequently Asked Questions
CSQIX and CSAAX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSAAX has higher volatility (2.30%) compared to CSQIX (2.30%). In terms of maximum drawdown, CSQIX dropped -13.33% vs CSAAX's -29.18%.
CSAAX currently has the higher Sharpe Ratio (0.74 vs 0.58), 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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