MFTNX vs. CSAIX
MFTNX (Arrow Managed Futures Strategy Fund Institutional Class) and CSAIX (Credit Suisse Managed Futures Strategy Fund) are both Systematic Trend funds. Over the past 10 years, MFTNX returned 5.04%/yr vs 0.03%/yr for CSAIX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. MFTNX charges 1.56%/yr vs 1.30%/yr for CSAIX.
Performance
MFTNX vs. CSAIX - Performance Comparison
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Returns By Period
In the year-to-date period, MFTNX achieves a 9.11% return, which is significantly higher than CSAIX's 1.99% return. Over the past 10 years, MFTNX has outperformed CSAIX with an annualized return of 5.04%, while CSAIX has yielded a comparatively lower 0.03% annualized return.
MFTNX
- 1D
- -0.15%
- 1M
- 0.29%
- 6M
- -0.44%
- YTD
- 9.11%
- 1Y
- 38.82%
- 3Y*
- 2.91%
- 5Y*
- 11.48%
- 10Y*
- 5.04%
- ALL TIME*
- 3.96%
CSAIX
- 1D
- -0.50%
- 1M
- -0.75%
- 6M
- -2.01%
- YTD
- 1.99%
- 1Y
- 10.51%
- 3Y*
- -3.21%
- 5Y*
- 0.23%
- 10Y*
- 0.03%
- ALL TIME*
- 2.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MFTNX vs. CSAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFTNX Arrow Managed Futures Strategy Fund Institutional Class | 9.11% | 9.44% | 7.12% | -13.65% | 58.30% | 2.37% | -3.92% | 15.70% | -19.56% | 19.38% |
CSAIX Credit Suisse Managed Futures Strategy Fund | 1.99% | -5.84% | -5.57% | -6.15% | 21.24% | 7.46% | 1.86% | -4.39% | -4.01% | -1.47% |
Correlation
The correlation between MFTNX and CSAIX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | 0.59 |
The correlation between MFTNX and CSAIX has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.
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Return for Risk
MFTNX vs. CSAIX — Risk / Return Rank
MFTNX
CSAIX
MFTNX vs. CSAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) and Credit Suisse Managed Futures Strategy Fund (CSAIX). 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.
| MFTNX | CSAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 1.39 | +2.68 |
| Martin ratioReturn relative to average drawdown | 10.08 | 3.20 | +6.87 |
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Drawdowns
MFTNX vs. CSAIX - Drawdown Comparison
The maximum MFTNX drawdown since its inception was -35.58%, which is greater than CSAIX's maximum drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for MFTNX and CSAIX.
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Drawdown Indicators
| MFTNX | CSAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -28.79% | -6.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -7.73% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -32.45% | -22.02% | -10.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -28.79% | -3.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -28.79% | -6.79% |
Current DrawdownCurrent decline from peak | -7.33% | -20.92% | +13.59% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -9.65% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.34% | +0.58% |
Volatility
MFTNX vs. CSAIX - Volatility Comparison
Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) has a higher volatility of 5.66% compared to Credit Suisse Managed Futures Strategy Fund (CSAIX) at 2.49%. This indicates that MFTNX's price experiences larger fluctuations and is considered to be riskier than CSAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFTNX | CSAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 2.49% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 8.68% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 11.78% | +7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 10.43% | +11.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 10.10% | +11.91% |
MFTNX vs. CSAIX - Expense Ratio Comparison
MFTNX has a 1.56% expense ratio, which is higher than CSAIX's 1.30% expense ratio.
Dividends
MFTNX vs. CSAIX - Dividend Comparison
MFTNX has not paid dividends to shareholders, while CSAIX's dividend yield for the trailing twelve months is around 3.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSAIX Credit Suisse Managed Futures Strategy Fund | 3.02% | 2.27% | 2.95% | 0.52% | 18.80% | 8.84% | 0.00% | 1.74% | 0.00% | 0.00% | 2.64% | 8.69% |
MFTNX Arrow Managed Futures Strategy Fund Institutional Class | 0.00% | 0.00% | 0.00% | 11.69% | 40.52% | 2.53% | 0.00% | 20.10% | 8.43% | 2.28% | 9.35% | 1.46% |
Frequently Asked Questions
MFTNX and CSAIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFTNX has higher volatility (5.66%) compared to CSAIX (2.49%). In terms of maximum drawdown, MFTNX dropped -35.58% vs CSAIX's -28.79%.
MFTNX currently has the higher Sharpe Ratio (2.09 vs 0.91), 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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