AMFAX vs. LFMAX
Compare and contrast key facts about AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and LoCorr Macro Strategies Fund (LFMAX).
AMFAX is managed by BlackRock. It was launched on Jul 30, 2010. LFMAX is managed by LoCorr Funds. It was launched on Mar 21, 2011.
Performance
AMFAX vs. LFMAX - Performance Comparison
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AMFAX vs. LFMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 6.69% | -9.75% | -3.56% | -10.59% | 35.38% | 3.28% | 13.29% | 8.03% | -12.87% | 6.54% |
LFMAX LoCorr Macro Strategies Fund | 8.67% | 2.56% | 6.36% | -6.69% | 15.03% | -0.17% | 5.41% | 12.51% | -5.38% | 2.69% |
Returns By Period
In the year-to-date period, AMFAX achieves a 6.69% return, which is significantly lower than LFMAX's 8.67% return. Over the past 10 years, AMFAX has underperformed LFMAX with an annualized return of 1.57%, while LFMAX has yielded a comparatively higher 3.85% annualized return.
AMFAX
- 1D
- 0.25%
- 1M
- -0.85%
- YTD
- 6.69%
- 6M
- 10.56%
- 1Y
- 3.12%
- 3Y*
- -3.09%
- 5Y*
- 2.04%
- 10Y*
- 1.57%
LFMAX
- 1D
- 0.12%
- 1M
- 2.61%
- YTD
- 8.67%
- 6M
- 9.73%
- 1Y
- 11.60%
- 3Y*
- 4.90%
- 5Y*
- 4.25%
- 10Y*
- 3.85%
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AMFAX vs. LFMAX - Expense Ratio Comparison
AMFAX has a 1.72% expense ratio, which is lower than LFMAX's 2.13% expense ratio.
Return for Risk
AMFAX vs. LFMAX — Risk / Return Rank
AMFAX
LFMAX
AMFAX vs. LFMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and LoCorr Macro Strategies Fund (LFMAX). 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.
| AMFAX | LFMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 2.00 | -1.74 |
Sortino ratioReturn per unit of downside risk | 0.40 | 2.91 | -2.51 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 3.85 | -3.68 |
Martin ratioReturn relative to average drawdown | 0.27 | 10.20 | -9.94 |
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
| AMFAX | LFMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.00 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.59 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.51 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.34 | -0.05 |
Correlation
The correlation between AMFAX and LFMAX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AMFAX vs. LFMAX - Dividend Comparison
AMFAX's dividend yield for the trailing twelve months is around 1.72%, less than LFMAX's 2.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 1.72% | 1.84% | 1.28% | 0.30% | 32.70% | 5.74% | 3.14% | 4.71% | 1.31% | 0.00% | 0.00% | 4.92% |
LFMAX LoCorr Macro Strategies Fund | 2.71% | 2.94% | 2.88% | 2.96% | 14.38% | 4.79% | 5.65% | 4.48% | 2.83% | 5.98% | 1.97% | 2.87% |
Drawdowns
AMFAX vs. LFMAX - Drawdown Comparison
The maximum AMFAX drawdown since its inception was -36.84%, which is greater than LFMAX's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for AMFAX and LFMAX.
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Drawdown Indicators
| AMFAX | LFMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.84% | -23.16% | -13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -3.01% | -10.53% |
Max Drawdown (5Y)Largest decline over 5 years | -36.84% | -12.54% | -24.30% |
Max Drawdown (10Y)Largest decline over 10 years | -36.84% | -12.54% | -24.30% |
Current DrawdownCurrent decline from peak | -24.86% | 0.00% | -24.86% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -7.13% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 1.14% | +7.19% |
Volatility
AMFAX vs. LFMAX - Volatility Comparison
AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) has a higher volatility of 3.91% compared to LoCorr Macro Strategies Fund (LFMAX) at 1.76%. This indicates that AMFAX's price experiences larger fluctuations and is considered to be riskier than LFMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMFAX | LFMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 1.76% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 4.56% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 5.81% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 7.27% | +6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 7.63% | +5.04% |