LASYX vs. SCFZX

Last updated Jun 23, 2026

LASYX (Loomis Sayles Strategic Alpha Fund) and SCFZX (PGIM Securitized Credit Fund) are both Nontraditional Bonds funds. Over the past 5 years, LASYX returned 2.85%/yr vs 5.26%/yr for SCFZX. At a 0.14 correlation, their price movements are largely independent. LASYX charges 0.75%/yr vs 0.65%/yr for SCFZX.

Performance

LASYX vs. SCFZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Strategic Alpha Fund (LASYX) and PGIM Securitized Credit Fund (SCFZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LASYX achieves a -0.30% return, which is significantly lower than SCFZX's 2.28% return.

LASYX

• 1D: 0.00%
• 1M: 0.31%
• YTD: -0.30%
• 6M: -0.10%
• 1Y: 3.51%
• 3Y*: 7.14%
• 5Y*: 2.85%
• 10Y*: 3.80%

SCFZX

• 1D: 0.00%
• 1M: 0.42%
• YTD: 2.28%
• 6M: 2.73%
• 1Y: 6.00%
• 3Y*: 7.61%
• 5Y*: 5.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LASYX vs. SCFZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LASYX Loomis Sayles Strategic Alpha Fund	-0.30%	7.44%	8.29%	7.89%	-7.97%	1.33%	10.19%	0.66%
SCFZX PGIM Securitized Credit Fund	2.28%	5.75%	9.41%	8.67%	-0.84%	5.27%	-0.33%	1.73%

Correlation

The correlation between LASYX and SCFZX is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.14

The correlation between LASYX and SCFZX shifts across timeframes, from -0.01 (3 years) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LASYX vs. SCFZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LASYX

LASYX Risk / Return Rank: 26
LASYX Sharpe Ratio Rank: 28
LASYX Sortino Ratio Rank: 19
LASYX Omega Ratio Rank: 51
LASYX Calmar Ratio Rank: 18
LASYX Martin Ratio Rank: 17

SCFZX

SCFZX Risk / Return Rank: 99
SCFZX Sharpe Ratio Rank: 99
SCFZX Sortino Ratio Rank: 100
SCFZX Omega Ratio Rank: 100
SCFZX Calmar Ratio Rank: 100
SCFZX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LASYX vs. SCFZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Strategic Alpha Fund (LASYX) and PGIM Securitized Credit Fund (SCFZX). 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	SCFZX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	4.07	-2.67
Sortino ratio: Return per unit of downside risk	1.68	19.06	-17.37
Omega ratio: Gain probability vs. loss probability	1.36	7.34	-5.98
Calmar ratio: Return relative to maximum drawdown	1.45	19.66	-18.21
Martin ratio: Return relative to average drawdown	4.13	69.47	-65.34

LASYX vs. SCFZX - Sharpe Ratio Comparison

The current LASYX Sharpe Ratio is 1.40, which is lower than the SCFZX Sharpe Ratio of 4.07. The chart below compares the historical Sharpe Ratios of LASYX and SCFZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LASYX vs. SCFZX - Drawdown Comparison

The maximum LASYX drawdown since its inception was -11.24%, smaller than the maximum SCFZX drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for LASYX and SCFZX.

Drawdown Indicators

	LASYX	SCFZX	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-17.20%	+5.96%
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	-0.31%	-2.59%
Max Drawdown (3Y) Largest decline over 3 years	-2.90%	-0.93%	-1.97%
Max Drawdown (5Y) Largest decline over 5 years	-11.24%	-4.13%	-7.11%
Max Drawdown (10Y) Largest decline over 10 years	-11.24%	—	—
Current Drawdown Current decline from peak	-1.50%	0.00%	-1.50%
Average Drawdown Average peak-to-trough decline	-1.85%	-1.06%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.09%	+0.84%

Volatility

LASYX vs. SCFZX - Volatility Comparison

Loomis Sayles Strategic Alpha Fund (LASYX) has a higher volatility of 0.77% compared to PGIM Securitized Credit Fund (SCFZX) at 0.42%. This indicates that LASYX's price experiences larger fluctuations and is considered to be riskier than SCFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LASYX	SCFZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.42%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	2.32%	1.03%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.01%	1.48%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	1.91%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	3.33%	-0.03%

LASYX vs. SCFZX - Expense Ratio Comparison

LASYX has a 0.75% expense ratio, which is higher than SCFZX's 0.65% expense ratio.

Dividends

LASYX vs. SCFZX - Dividend Comparison

LASYX's dividend yield for the trailing twelve months is around 2.53%, less than SCFZX's 5.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LASYX Loomis Sayles Strategic Alpha Fund	2.53%	3.64%	5.61%	5.48%	4.05%	2.21%	2.28%	3.07%	3.69%	2.92%	2.34%	3.96%
SCFZX PGIM Securitized Credit Fund	5.08%	5.25%	6.55%	5.58%	4.97%	2.56%	3.08%	2.43%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LASYX and SCFZX in my portfolio?

LASYX and SCFZX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LASYX or SCFZX?

LASYX has higher volatility (0.77%) compared to SCFZX (0.42%). In terms of maximum drawdown, LASYX dropped -11.24% vs SCFZX's -17.20%.

Which has better risk-adjusted returns?

SCFZX currently has the higher Sharpe Ratio (4.07 vs 1.40), 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.