GAAVX vs. CSQAX
Compare and contrast key facts about GMO Alternative Allocation Fund (GAAVX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX).
GAAVX is managed by GMO. It was launched on May 1, 2019. CSQAX is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse Liquid Alternative Beta Index. It was launched on Mar 30, 2012.
Performance
GAAVX vs. CSQAX - Performance Comparison
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GAAVX vs. CSQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GAAVX GMO Alternative Allocation Fund | 3.33% | 15.19% | -5.70% | 6.07% | 3.63% | -5.12% | -0.28% | 3.49% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.07% | 0.73% | 0.66% | 1.72% | 5.52% | 9.98% | 6.10% | -0.78% |
Returns By Period
In the year-to-date period, GAAVX achieves a 3.33% return, which is significantly higher than CSQAX's 1.07% return.
GAAVX
- 1D
- 0.00%
- 1M
- -0.37%
- YTD
- 3.33%
- 6M
- 10.87%
- 1Y
- 13.78%
- 3Y*
- 5.94%
- 5Y*
- 3.63%
- 10Y*
- —
CSQAX
- 1D
- 0.12%
- 1M
- -4.37%
- YTD
- 1.07%
- 6M
- 1.86%
- 1Y
- -1.79%
- 3Y*
- 2.54%
- 5Y*
- 2.78%
- 10Y*
- 3.10%
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GAAVX vs. CSQAX - Expense Ratio Comparison
GAAVX has a 0.61% expense ratio, which is lower than CSQAX's 1.74% expense ratio.
Return for Risk
GAAVX vs. CSQAX — Risk / Return Rank
GAAVX
CSQAX
GAAVX vs. CSQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Alternative Allocation Fund (GAAVX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX). 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.
| GAAVX | CSQAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | -0.18 | +2.13 |
Sortino ratioReturn per unit of downside risk | 3.08 | -0.19 | +3.26 |
Omega ratioGain probability vs. loss probability | 1.38 | 0.98 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 3.79 | -0.20 | +3.99 |
Martin ratioReturn relative to average drawdown | 9.05 | -0.31 | +9.36 |
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
| GAAVX | CSQAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | -0.18 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.44 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.49 | -0.02 |
Correlation
The correlation between GAAVX and CSQAX is 0.16, 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
GAAVX vs. CSQAX - Dividend Comparison
GAAVX's dividend yield for the trailing twelve months is around 8.49%, more than CSQAX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAAVX GMO Alternative Allocation Fund | 8.49% | 8.78% | 0.00% | 5.18% | 0.91% | 4.10% | 2.41% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.07% | 1.09% | 6.54% | 2.73% | 2.59% | 9.06% | 13.23% | 4.77% | 1.84% | 5.27% | 1.87% | 0.24% |
Drawdowns
GAAVX vs. CSQAX - Drawdown Comparison
The maximum GAAVX drawdown since its inception was -9.59%, which is greater than CSQAX's maximum drawdown of -8.37%. Use the drawdown chart below to compare losses from any high point for GAAVX and CSQAX.
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Drawdown Indicators
| GAAVX | CSQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.59% | -8.37% | -1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -5.05% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -9.59% | -7.28% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.37% | — |
Current DrawdownCurrent decline from peak | -1.20% | -4.58% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -2.07% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 3.17% | -1.63% |
Volatility
GAAVX vs. CSQAX - Volatility Comparison
The current volatility for GMO Alternative Allocation Fund (GAAVX) is 1.85%, while Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) has a volatility of 3.05%. This indicates that GAAVX experiences smaller price fluctuations and is considered to be less risky than CSQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAAVX | CSQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 3.05% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 5.76% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.82% | 7.59% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 6.33% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 5.98% | -0.11% |