CSQIX vs. FCRIX

Last updated Jun 3, 2026

CSQIX (Manteio Multialternative Strategy Fund I) and FCRIX (FS Credit Income Fund Class I) are both Multistrategy funds. Both are actively managed. Over the past 5 years, CSQIX returned 3.34%/yr vs 4.46%/yr for FCRIX. At a 0.08 correlation, their price movements are largely independent. CSQIX charges 0.90%/yr vs 2.37%/yr for FCRIX.

Performance

CSQIX vs. FCRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manteio Multialternative Strategy Fund I (CSQIX) and FS Credit Income Fund Class I (FCRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSQIX achieves a 4.21% return, which is significantly higher than FCRIX's 2.81% return.

CSQIX

• 1D: 0.12%
• 1M: -0.47%
• YTD: 4.21%
• 6M: 3.61%
• 1Y: 3.74%
• 3Y*: 4.37%
• 5Y*: 3.34%
• 10Y*: 3.57%

FCRIX

• 1D: 0.00%
• 1M: 0.67%
• YTD: 2.81%
• 6M: 3.59%
• 1Y: 8.09%
• 3Y*: 9.12%
• 5Y*: 4.46%
• 10Y*: —

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

CSQIX vs. FCRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CSQIX Manteio Multialternative Strategy Fund I	4.21%	0.90%	0.87%	1.95%	5.82%	10.23%	6.39%	-1.61%
FCRIX FS Credit Income Fund Class I	2.81%	7.88%	9.57%	11.96%	-10.70%	7.50%	8.27%	2.47%

Correlation

The correlation between CSQIX and FCRIX is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jul 12, 2019	0.08

Return for Risk

CSQIX vs. FCRIX — Risk / Return Rank

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

CSQIX

CSQIX Risk / Return Rank: 6
CSQIX Sharpe Ratio Rank: 6
CSQIX Sortino Ratio Rank: 5
CSQIX Omega Ratio Rank: 5
CSQIX Calmar Ratio Rank: 7
CSQIX Martin Ratio Rank: 6

FCRIX

FCRIX Risk / Return Rank: 96
FCRIX Sharpe Ratio Rank: 84
FCRIX Sortino Ratio Rank: 100
FCRIX Omega Ratio Rank: 99
FCRIX Calmar Ratio Rank: 99
FCRIX Martin Ratio Rank: 99

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.

CSQIX vs. FCRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manteio Multialternative Strategy Fund I (CSQIX) and FS Credit Income Fund Class I (FCRIX). 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.

	CSQIX	FCRIX	Difference
Sharpe ratio Return per unit of total volatility	0.49	2.72	-2.23
Sortino ratio Return per unit of downside risk	0.73	11.75	-11.02
Omega ratio Gain probability vs. loss probability	1.09	2.85	-1.76
Calmar ratio Return relative to maximum drawdown	0.72	10.07	-9.35
Martin ratio Return relative to average drawdown	1.85	44.64	-42.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSQIX vs. FCRIX - Sharpe Ratio Comparison

The current CSQIX Sharpe Ratio is 0.49, which is lower than the FCRIX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of CSQIX and FCRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSQIX	FCRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	2.72	-2.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	1.06	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.87	-0.44

Drawdowns

CSQIX vs. FCRIX - Drawdown Comparison

The maximum CSQIX drawdown since its inception was -13.33%, smaller than the maximum FCRIX drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for CSQIX and FCRIX.

Drawdown Indicators

	CSQIX	FCRIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.33%	-26.74%	+13.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-0.90%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-13.33%	-3.01%	-10.32%
Max Drawdown (5Y) Largest decline over 5 years	-13.33%	-15.33%	+2.00%
Max Drawdown (10Y) Largest decline over 10 years	-13.33%	—	—
Current Drawdown Current decline from peak	-7.61%	0.00%	-7.61%
Average Drawdown Average peak-to-trough decline	-2.78%	-3.20%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	0.20%	+1.76%

Volatility

CSQIX vs. FCRIX - Volatility Comparison

Manteio Multialternative Strategy Fund I (CSQIX) has a higher volatility of 2.00% compared to FS Credit Income Fund Class I (FCRIX) at 0.68%. This indicates that CSQIX's price experiences larger fluctuations and is considered to be riskier than FCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSQIX	FCRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	0.68%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	5.65%	2.07%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	7.36%	3.01%	+4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.35%	4.22%	+6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.38%	6.41%	+1.97%

CSQIX vs. FCRIX - Expense Ratio Comparison

CSQIX has a 0.90% expense ratio, which is lower than FCRIX's 2.37% expense ratio.

Dividends

CSQIX vs. FCRIX - Dividend Comparison

CSQIX's dividend yield for the trailing twelve months is around 1.22%, less than FCRIX's 10.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSQIX Manteio Multialternative Strategy Fund I	1.22%	1.28%	13.42%	2.95%	2.80%	9.19%	13.34%	4.97%	1.84%	4.76%	2.11%	0.24%
FCRIX FS Credit Income Fund Class I	10.11%	10.54%	8.27%	5.56%	3.25%	5.62%	5.72%	2.91%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSQIX and FCRIX in my portfolio?

CSQIX and FCRIX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSQIX or FCRIX?

CSQIX has higher volatility (2.00%) compared to FCRIX (0.68%). In terms of maximum drawdown, CSQIX dropped -13.33% vs FCRIX's -26.74%.

Which has better risk-adjusted returns?

FCRIX currently has the higher Sharpe Ratio (2.72 vs 0.49), 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.