LASYX vs. LSIIX
LASYX (Loomis Sayles Strategic Alpha Fund) and LSIIX (Loomis Sayles Investment Grade Bond Fund Class Y) are both mutual funds - LASYX is a Nontraditional Bonds fund managed by Natixis, while LSIIX is a Total Bond Market fund managed by Natixis. Over the past 10 years, LASYX returned 3.77%/yr vs 3.02%/yr for LSIIX. At a 0.48 correlation, their price movements are largely independent. LASYX charges 0.75%/yr vs 0.54%/yr for LSIIX.
Performance
LASYX vs. LSIIX - 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 LSIIX's 0.48% return. Over the past 10 years, LASYX has outperformed LSIIX with an annualized return of 3.77%, while LSIIX has yielded a comparatively lower 3.02% annualized 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%
LSIIX
- 1D
- 0.10%
- 1M
- 0.23%
- 6M
- 0.48%
- YTD
- 0.48%
- 1Y
- 2.96%
- 3Y*
- 4.62%
- 5Y*
- 0.80%
- 10Y*
- 3.02%
LASYX vs. LSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LASYX Loomis Sayles Strategic Alpha Fund | -0.07% | 7.44% | 8.29% | 7.89% | -7.97% | 1.33% | 10.19% | 3.96% | 0.53% | 3.38% |
LSIIX Loomis Sayles Investment Grade Bond Fund Class Y | 0.48% | 5.58% | 2.91% | 7.50% | -11.31% | 0.18% | 11.60% | 9.04% | -0.31% | 6.65% |
Correlation
The correlation between LASYX and LSIIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2010 | 0.48 |
Over the past year, LASYX and LSIIX have become more correlated (0.81) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
LASYX vs. LSIIX — Risk / Return Rank
LASYX
LSIIX
LASYX vs. LSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Strategic Alpha Fund (LASYX) and Loomis Sayles Investment Grade Bond Fund Class Y (LSIIX). 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 | LSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.09 | +0.06 |
| Martin ratioReturn relative to average drawdown | 3.17 | 2.99 | +0.18 |
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Drawdowns
LASYX vs. LSIIX - Drawdown Comparison
The maximum LASYX drawdown since its inception was -11.24%, smaller than the maximum LSIIX drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for LASYX and LSIIX.
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Drawdown Indicators
| LASYX | LSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.24% | -20.77% | +9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.99% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -2.90% | -5.45% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -11.24% | -15.62% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -11.24% | -15.62% | +4.38% |
Current DrawdownCurrent decline from peak | -1.27% | -1.10% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -2.42% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.03% | -0.06% |
Volatility
LASYX vs. LSIIX - Volatility Comparison
The current volatility for Loomis Sayles Strategic Alpha Fund (LASYX) is 0.72%, while Loomis Sayles Investment Grade Bond Fund Class Y (LSIIX) has a volatility of 1.12%. This indicates that LASYX experiences smaller price fluctuations and is considered to be less risky than LSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LASYX | LSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 1.12% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.81% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 3.96% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.34% | 5.30% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 4.49% | -1.19% |
LASYX vs. LSIIX - Expense Ratio Comparison
LASYX has a 0.75% expense ratio, which is higher than LSIIX's 0.54% expense ratio.
Dividends
LASYX vs. LSIIX - Dividend Comparison
LASYX's dividend yield for the trailing twelve months is around 2.70%, less than LSIIX's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LSIIX Loomis Sayles Investment Grade Bond Fund Class Y | 3.98% | 3.68% | 4.86% | 4.25% | 3.32% | 4.10% | 8.20% | 3.56% | 2.18% | 4.10% | 6.71% | 3.91% |
Frequently Asked Questions
LASYX and LSIIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSIIX has higher volatility (1.12%) compared to LASYX (0.72%). In terms of maximum drawdown, LASYX dropped -11.24% vs LSIIX's -20.77%.
LASYX currently has the higher Sharpe Ratio (1.12 vs 0.82), 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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