CSQIX vs. JAAAX
Compare and contrast key facts about Manteio Multialternative Strategy Fund I (CSQIX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
CSQIX is an actively managed fund by Investment Managers Series Trust III. It was launched on Mar 29, 2012. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
CSQIX vs. JAAAX - Performance Comparison
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CSQIX vs. JAAAX - 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% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.10% | 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, CSQIX achieves a 0.99% return, which is significantly lower than JAAAX's 2.10% return. Over the past 10 years, CSQIX has underperformed JAAAX with an annualized return of 3.28%, while JAAAX has yielded a comparatively higher 4.00% 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%
JAAAX
- 1D
- -0.06%
- 1M
- -2.02%
- YTD
- 2.10%
- 6M
- 3.22%
- 1Y
- 7.80%
- 3Y*
- 6.27%
- 5Y*
- 4.12%
- 10Y*
- 4.00%
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CSQIX vs. JAAAX - Expense Ratio Comparison
CSQIX has a 0.90% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Return for Risk
CSQIX vs. JAAAX — Risk / Return Rank
CSQIX
JAAAX
CSQIX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manteio Multialternative Strategy Fund I (CSQIX) 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.
| CSQIX | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 1.68 | -1.79 |
Sortino ratioReturn per unit of downside risk | -0.11 | 2.25 | -2.36 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.67 | -1.88 |
Martin ratioReturn relative to average drawdown | -0.33 | 8.43 | -8.76 |
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 | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 1.68 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.98 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.92 | -0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.84 | -0.81 |
Correlation
The correlation between CSQIX 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
CSQIX vs. JAAAX - Dividend Comparison
CSQIX's dividend yield for the trailing twelve months is around 1.26%, less than JAAAX's 1.50% 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% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.50% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
CSQIX vs. JAAAX - Drawdown Comparison
The maximum CSQIX drawdown since its inception was -80.60%, which is greater than JAAAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for CSQIX and JAAAX.
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Drawdown Indicators
| CSQIX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.60% | -15.72% | -64.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -4.43% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -13.33% | -6.28% | -7.05% |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | -12.64% | -67.96% |
Current DrawdownCurrent decline from peak | -73.55% | -2.02% | -71.53% |
Average DrawdownAverage peak-to-trough decline | -47.66% | -2.06% | -45.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 0.88% | +2.23% |
Volatility
CSQIX vs. JAAAX - Volatility Comparison
Manteio Multialternative Strategy Fund I (CSQIX) has a higher volatility of 3.06% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.04%. This indicates that CSQIX'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
| CSQIX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.04% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 2.72% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 4.72% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 4.21% | +6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.39% | 4.37% | +126.02% |