CSQIX vs. QSPIX
Compare and contrast key facts about Manteio Multialternative Strategy Fund I (CSQIX) and AQR Style Premia Alternative Fund (QSPIX).
CSQIX is an actively managed fund by Investment Managers Series Trust III. It was launched on Mar 29, 2012. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
CSQIX vs. QSPIX - Performance Comparison
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CSQIX vs. QSPIX - 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% |
QSPIX AQR Style Premia Alternative Fund | 9.94% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -12.35% | 12.12% |
Returns By Period
In the year-to-date period, CSQIX achieves a 0.99% return, which is significantly lower than QSPIX's 9.94% return. Over the past 10 years, CSQIX has underperformed QSPIX with an annualized return of 3.28%, while QSPIX has yielded a comparatively higher 7.05% 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%
QSPIX
- 1D
- -0.21%
- 1M
- 3.82%
- YTD
- 9.94%
- 6M
- 12.16%
- 1Y
- 13.99%
- 3Y*
- 19.92%
- 5Y*
- 18.65%
- 10Y*
- 7.05%
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CSQIX vs. QSPIX - Expense Ratio Comparison
CSQIX has a 0.90% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
CSQIX vs. QSPIX — Risk / Return Rank
CSQIX
QSPIX
CSQIX vs. QSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manteio Multialternative Strategy Fund I (CSQIX) and AQR Style Premia Alternative Fund (QSPIX). 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 | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 1.42 | -1.54 |
Sortino ratioReturn per unit of downside risk | -0.11 | 1.94 | -2.04 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.26 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.76 | -1.96 |
Martin ratioReturn relative to average drawdown | -0.33 | 5.29 | -5.62 |
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 | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 1.42 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 1.18 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.55 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.61 | -0.58 |
Correlation
The correlation between CSQIX and QSPIX is 0.06, 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. QSPIX - Dividend Comparison
CSQIX's dividend yield for the trailing twelve months is around 1.26%, less than QSPIX's 2.34% 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% |
QSPIX AQR Style Premia Alternative Fund | 2.34% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Drawdowns
CSQIX vs. QSPIX - Drawdown Comparison
The maximum CSQIX drawdown since its inception was -80.60%, which is greater than QSPIX's maximum drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for CSQIX and QSPIX.
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Drawdown Indicators
| CSQIX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.60% | -41.37% | -39.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -8.11% | +3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.33% | -17.13% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | -41.37% | -39.23% |
Current DrawdownCurrent decline from peak | -73.55% | -0.21% | -73.34% |
Average DrawdownAverage peak-to-trough decline | -47.66% | -9.54% | -38.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.70% | +0.41% |
Volatility
CSQIX vs. QSPIX - Volatility Comparison
Manteio Multialternative Strategy Fund I (CSQIX) has a higher volatility of 3.06% compared to AQR Style Premia Alternative Fund (QSPIX) at 2.61%. This indicates that CSQIX's price experiences larger fluctuations and is considered to be riskier than QSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSQIX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.61% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 6.62% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 10.12% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 15.98% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.39% | 12.76% | +117.63% |