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CSQIX vs. TMSRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSQIX vs. TMSRX

Last updated Jun 23, 2026

CSQIX (Manteio Multialternative Strategy Fund I) and TMSRX (T. Rowe Price Multi-Strategy Total Return Fund) are both Multistrategy funds. Over the past 5 years, CSQIX returned 2.91%/yr vs 1.05%/yr for TMSRX. At a 0.15 correlation, their price movements are largely independent. CSQIX charges 0.90%/yr vs 1.19%/yr for TMSRX.

Performance

CSQIX vs. TMSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manteio Multialternative Strategy Fund I (CSQIX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSQIX achieves a 2.35% return, which is significantly higher than TMSRX's 0.41% return.

CSQIX

1D
0.00%
1M
-1.78%
YTD
2.35%
6M
1.35%
1Y
2.02%
3Y*
3.74%
5Y*
2.91%
10Y*
3.35%

TMSRX

1D
0.00%
1M
0.00%
YTD
0.41%
6M
0.64%
1Y
3.49%
3Y*
4.09%
5Y*
1.05%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSQIX vs. TMSRX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CSQIX
Manteio Multialternative Strategy Fund I		2.35%0.90%0.87%1.95%5.82%10.23%6.39%4.30%-5.45%
TMSRX
T. Rowe Price Multi-Strategy Total Return Fund		0.41%2.95%5.36%5.09%-4.69%-2.08%13.21%7.59%-4.11%

Correlation

The correlation between CSQIX and TMSRX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2018

0.15

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Manteio Multialternative Strategy Fund I

T. Rowe Price Multi-Strategy Total Return Fund

Often compared with CSQIX:
CSQIX vs. FSMSXCSQIX vs. EXGCSQIX vs. ^GSPCCSQIX vs. ADANXCSQIX vs. HYGCSQIX vs. CSAAXCSQIX vs. QSPRX
Often compared with TMSRX:
TMSRX vs. RPIDXTMSRX vs. PSMIXTMSRX vs. QSPIXTMSRX vs. PSFFTMSRX vs. SYMIXTMSRX vs. ADANXTMSRX vs. NOIEX

Return for Risk

CSQIX vs. TMSRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSQIX
CSQIX Risk / Return Rank: 55
Overall Rank
CSQIX Sharpe Ratio Rank: 55
Sharpe Ratio Rank
CSQIX Sortino Ratio Rank: 44
Sortino Ratio Rank
CSQIX Omega Ratio Rank: 44
Omega Ratio Rank
CSQIX Calmar Ratio Rank: 66
Calmar Ratio Rank
CSQIX Martin Ratio Rank: 55
Martin Ratio Rank
TMSRX
TMSRX Risk / Return Rank: 7979
Overall Rank
TMSRX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
TMSRX Sortino Ratio Rank: 6565
Sortino Ratio Rank
TMSRX Omega Ratio Rank: 9393
Omega Ratio Rank
TMSRX Calmar Ratio Rank: 8989
Calmar Ratio Rank
TMSRX Martin Ratio Rank: 9191
Martin Ratio Rank
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. TMSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manteio Multialternative Strategy Fund I (CSQIX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). 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.

CSQIXTMSRXDifference
Sharpe ratioReturn per unit of total volatility
0.31
2.10

-1.78

Sortino ratioReturn per unit of downside risk
0.47
3.06

-2.58

Omega ratioGain probability vs. loss probability

1.06

1.67

-0.61

Calmar ratioReturn relative to maximum drawdown

0.48

4.22

-3.74

Martin ratioReturn relative to average drawdown

1.16

17.07

-15.91

CSQIX vs. TMSRX - Sharpe Ratio Comparison

The current CSQIX Sharpe Ratio is 0.31, which is lower than the TMSRX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of CSQIX and TMSRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CSQIX vs. TMSRX - Drawdown Comparison

The maximum CSQIX drawdown since its inception was -13.33%, which is greater than TMSRX's maximum drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for CSQIX and TMSRX.

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Drawdown Indicators

CSQIXTMSRXDifference

Max Drawdown

Largest peak-to-trough decline

-13.33%

-10.67%

-2.66%

Max Drawdown (1Y)

Largest decline over 1 year

-5.02%

-0.83%

-4.19%

Max Drawdown (3Y)

Largest decline over 3 years

-13.33%

-2.79%

-10.54%

Max Drawdown (5Y)

Largest decline over 5 years

-13.33%

-10.59%

-2.74%

Max Drawdown (10Y)

Largest decline over 10 years

-13.33%

—

—

Current Drawdown

Current decline from peak

-9.26%

-0.16%

-9.10%

Average Drawdown

Average peak-to-trough decline

-2.80%

-2.71%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

0.20%

+1.87%

Volatility

CSQIX vs. TMSRX - Volatility Comparison

Manteio Multialternative Strategy Fund I (CSQIX) has a higher volatility of 2.65% compared to T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) at 0.00%. This indicates that CSQIX's price experiences larger fluctuations and is considered to be riskier than TMSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSQIXTMSRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

0.00%

+2.65%

Volatility (6M)

Calculated over the trailing 6-month period

6.08%

0.75%

+5.33%

Volatility (1Y)

Calculated over the trailing 1-year period

7.71%

1.67%

+6.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.40%

2.75%

+7.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.42%

3.27%

+5.15%

CSQIX vs. TMSRX - Expense Ratio Comparison

CSQIX has a 0.90% expense ratio, which is lower than TMSRX's 1.19% expense ratio.

Dividends

CSQIX vs. TMSRX - Dividend Comparison

CSQIX's dividend yield for the trailing twelve months is around 1.25%, less than TMSRX's 9.49% yield.

PositionTTM20252024202320222021202020192018201720162015
CSQIX
Manteio Multialternative Strategy Fund I		1.25%1.28%13.42%2.95%2.80%9.19%13.34%4.97%1.84%4.76%2.11%0.24%
TMSRX
T. Rowe Price Multi-Strategy Total Return Fund		9.49%7.59%6.72%5.95%2.29%2.88%3.35%3.00%3.56%0.00%0.00%0.00%

Frequently Asked Questions

CSQIX and TMSRX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CSQIX has higher volatility (2.65%) compared to TMSRX (0.00%). In terms of maximum drawdown, CSQIX dropped -13.33% vs TMSRX's -10.67%.

TMSRX currently has the higher Sharpe Ratio (2.10 vs 0.31), 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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