CSQIX vs. HYG
Compare and contrast key facts about Manteio Multialternative Strategy Fund I (CSQIX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
CSQIX is an actively managed fund by Investment Managers Series Trust III. It was launched on Mar 29, 2012. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Performance
CSQIX vs. HYG - Performance Comparison
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CSQIX vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSQIX Manteio Multialternative Strategy Fund I | 0.99% | 0.90% | 0.87% | 1.95% | 5.82% | 10.23% | 6.39% | 4.30% | -5.08% | 3.85% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.35% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Returns By Period
In the year-to-date period, CSQIX achieves a 0.99% return, which is significantly higher than HYG's -0.35% return. Over the past 10 years, CSQIX has underperformed HYG with an annualized return of 3.28%, while HYG has yielded a comparatively higher 5.13% annualized return.
CSQIX
- 1D
- -0.37%
- 1M
- -4.78%
- YTD
- 0.99%
- 6M
- 1.77%
- 1Y
- -1.26%
- 3Y*
- 2.70%
- 5Y*
- 3.14%
- 10Y*
- 3.28%
HYG
- 1D
- 0.95%
- 1M
- -0.95%
- YTD
- -0.35%
- 6M
- 0.87%
- 1Y
- 6.89%
- 3Y*
- 7.90%
- 5Y*
- 3.61%
- 10Y*
- 5.13%
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CSQIX vs. HYG - Expense Ratio Comparison
CSQIX has a 0.90% expense ratio, which is higher than HYG's 0.49% expense ratio.
Return for Risk
CSQIX vs. HYG — Risk / Return Rank
CSQIX
HYG
CSQIX vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manteio Multialternative Strategy Fund I (CSQIX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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 | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 1.24 | -1.36 |
Sortino ratioReturn per unit of downside risk | -0.11 | 1.87 | -1.97 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.78 | -1.99 |
Martin ratioReturn relative to average drawdown | -0.33 | 9.42 | -9.75 |
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
| CSQIX | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 1.24 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.48 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.62 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.45 | -0.42 |
Correlation
The correlation between CSQIX and HYG is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CSQIX vs. HYG - Dividend Comparison
CSQIX's dividend yield for the trailing twelve months is around 1.26%, less than HYG's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSQIX Manteio Multialternative Strategy Fund I | 1.26% | 1.28% | 13.42% | 2.95% | 2.80% | 9.19% | 13.34% | 4.97% | 1.84% | 4.76% | 2.11% | 0.24% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.86% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
CSQIX vs. HYG - Drawdown Comparison
The maximum CSQIX drawdown since its inception was -80.60%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for CSQIX and HYG.
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Drawdown Indicators
| CSQIX | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.60% | -34.25% | -46.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -3.93% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.33% | -15.79% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | -22.03% | -58.57% |
Current DrawdownCurrent decline from peak | -73.55% | -1.30% | -72.25% |
Average DrawdownAverage peak-to-trough decline | -47.66% | -3.27% | -44.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 0.74% | +2.37% |
Volatility
CSQIX vs. HYG - Volatility Comparison
Manteio Multialternative Strategy Fund I (CSQIX) has a higher volatility of 3.06% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 2.28%. This indicates that CSQIX's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSQIX | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.28% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 2.92% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 5.56% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 7.51% | +2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.39% | 8.31% | +122.08% |