LASYX vs. APFPX
LASYX (Loomis Sayles Strategic Alpha Fund) and APFPX (Artisan Global Unconstrained Fund) are both Nontraditional Bonds funds. Over the past 3 years, LASYX returned 7.30%/yr vs 9.21%/yr for APFPX. At a correlation of -0.21, they often move in opposite directions. LASYX charges 0.75%/yr vs 1.54%/yr for APFPX.
Performance
LASYX vs. APFPX - Performance Comparison
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Returns By Period
In the year-to-date period, LASYX achieves a -0.07% return, which is significantly lower than APFPX's 4.29% return.
LASYX
- 1D
- 0.10%
- 1M
- 0.14%
- 6M
- -0.07%
- YTD
- -0.07%
- 1Y
- 2.81%
- 3Y*
- 7.30%
- 5Y*
- 2.79%
- 10Y*
- 3.77%
APFPX
- 1D
- 0.18%
- 1M
- 0.10%
- 6M
- 4.09%
- YTD
- 4.29%
- 1Y
- 11.22%
- 3Y*
- 9.21%
- 5Y*
- —
- 10Y*
- —
LASYX vs. APFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LASYX Loomis Sayles Strategic Alpha Fund | -0.07% | 7.44% | 8.29% | 7.89% | -1.11% |
APFPX Artisan Global Unconstrained Fund | 4.29% | 10.21% | 11.33% | 6.67% | 6.73% |
Correlation
The correlation between LASYX and APFPX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since May 17, 2022 | -0.21 |
The correlation between LASYX and APFPX shifts across timeframes, from -0.25 (3 years) to -0.04 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LASYX vs. APFPX — Risk / Return Rank
LASYX
APFPX
LASYX vs. APFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Strategic Alpha Fund (LASYX) and Artisan Global Unconstrained Fund (APFPX). 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.
| LASYX | APFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.47 | ||
| Sortino ratioReturn per unit of downside risk | -5.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 2.13 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 12.85 | -11.70 |
| Martin ratioReturn relative to average drawdown | 3.17 | 52.84 | -49.67 |
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Drawdowns
LASYX vs. APFPX - Drawdown Comparison
The maximum LASYX drawdown since its inception was -11.24%, which is greater than APFPX's maximum drawdown of -2.10%. Use the drawdown chart below to compare losses from any high point for LASYX and APFPX.
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Drawdown Indicators
| LASYX | APFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.24% | -2.10% | -9.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -0.90% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -2.90% | -2.02% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -11.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.24% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -0.06% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -0.25% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.22% | +0.75% |
Volatility
LASYX vs. APFPX - Volatility Comparison
Loomis Sayles Strategic Alpha Fund (LASYX) has a higher volatility of 0.72% compared to Artisan Global Unconstrained Fund (APFPX) at 0.67%. This indicates that LASYX's price experiences larger fluctuations and is considered to be riskier than APFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LASYX | APFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.67% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.16% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 2.52% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.34% | 2.75% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 2.75% | +0.55% |
LASYX vs. APFPX - Expense Ratio Comparison
LASYX has a 0.75% expense ratio, which is lower than APFPX's 1.54% expense ratio.
Dividends
LASYX vs. APFPX - Dividend Comparison
LASYX's dividend yield for the trailing twelve months is around 2.70%, less than APFPX's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 4.76% | 4.01% | 6.18% | 6.89% | 8.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LASYX Loomis Sayles Strategic Alpha Fund | 2.70% | 3.64% | 5.61% | 5.48% | 4.05% | 2.21% | 2.28% | 3.07% | 3.69% | 2.92% | 2.34% | 3.96% |
Frequently Asked Questions
LASYX and APFPX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LASYX has higher volatility (0.72%) compared to APFPX (0.67%). In terms of maximum drawdown, LASYX dropped -11.24% vs APFPX's -2.10%.
APFPX currently has the higher Sharpe Ratio (4.58 vs 1.12), 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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