GAFYX vs. LIGYX
GAFYX (AlphaSimplex Global Alternatives Fund) and LIGYX (Loomis Sayles International Growth Fund) are both mutual funds - GAFYX is a Multistrategy fund managed by Natixis, while LIGYX is a Foreign Large Cap Equities fund managed by Natixis. Over the past 5 years, GAFYX returned 5.96%/yr vs 2.54%/yr for LIGYX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. GAFYX charges 1.24%/yr vs 0.95%/yr for LIGYX.
Performance
GAFYX vs. LIGYX - Performance Comparison
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Returns By Period
In the year-to-date period, GAFYX achieves a 10.26% return, which is significantly higher than LIGYX's -6.86% return.
GAFYX
- 1D
- 1.04%
- 1M
- 1.77%
- 6M
- 6.64%
- YTD
- 10.26%
- 1Y
- 15.27%
- 3Y*
- 8.36%
- 5Y*
- 5.96%
- 10Y*
- 4.79%
- ALL TIME*
- 3.76%
LIGYX
- 1D
- 1.42%
- 1M
- 1.04%
- 6M
- -6.20%
- YTD
- -6.86%
- 1Y
- -3.14%
- 3Y*
- 4.58%
- 5Y*
- 2.54%
- 10Y*
- —
- ALL TIME*
- 2.16%
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 |
GAFYX vs. LIGYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GAFYX AlphaSimplex Global Alternatives Fund | 10.26% | 6.68% | 9.66% | 3.77% | -0.49% | 1.29% | 1.08% |
LIGYX Loomis Sayles International Growth Fund | -6.86% | 9.53% | 13.96% | 20.81% | -17.49% | -3.79% | 1.08% |
Correlation
The correlation between GAFYX and LIGYX is 0.60, 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. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020 | 0.65 |
The correlation between GAFYX and LIGYX has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
GAFYX vs. LIGYX — Risk / Return Rank
GAFYX
LIGYX
GAFYX vs. LIGYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Global Alternatives Fund (GAFYX) and Loomis Sayles International Growth Fund (LIGYX). 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.
| GAFYX | LIGYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.97 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | -0.26 | +2.95 |
| Martin ratioReturn relative to average drawdown | 10.31 | -0.52 | +10.83 |
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Drawdowns
GAFYX vs. LIGYX - Drawdown Comparison
The maximum GAFYX drawdown since its inception was -19.49%, smaller than the maximum LIGYX drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for GAFYX and LIGYX.
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Drawdown Indicators
| GAFYX | LIGYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.49% | -38.11% | +18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -22.58% | +17.39% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -22.58% | +12.84% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -33.83% | +24.09% |
Max Drawdown (10Y)Largest decline over 10 years | -13.26% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -12.31% | +11.53% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -13.72% | +9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 10.42% | -9.06% |
Volatility
GAFYX vs. LIGYX - Volatility Comparison
The current volatility for AlphaSimplex Global Alternatives Fund (GAFYX) is 2.88%, while Loomis Sayles International Growth Fund (LIGYX) has a volatility of 5.18%. This indicates that GAFYX experiences smaller price fluctuations and is considered to be less risky than LIGYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAFYX | LIGYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 5.18% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 16.09% | -8.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 20.52% | -11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 21.14% | -13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 20.76% | -13.84% |
GAFYX vs. LIGYX - Expense Ratio Comparison
GAFYX has a 1.24% expense ratio, which is higher than LIGYX's 0.95% expense ratio.
Dividends
GAFYX vs. LIGYX - Dividend Comparison
GAFYX has not paid dividends to shareholders, while LIGYX's dividend yield for the trailing twelve months is around 0.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAFYX AlphaSimplex Global Alternatives Fund | 0.00% | 0.00% | 0.00% | 5.24% | 9.57% | 0.00% | 2.57% | 1.16% | 1.37% | 0.74% | 0.00% | 3.53% |
LIGYX Loomis Sayles International Growth Fund | 0.61% | 1.70% | 0.64% | 0.57% | 0.69% | 1.72% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GAFYX and LIGYX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIGYX has higher volatility (5.18%) compared to GAFYX (2.88%). In terms of maximum drawdown, GAFYX dropped -19.49% vs LIGYX's -38.11%.
GAFYX currently has the higher Sharpe Ratio (1.59 vs -0.28), 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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