LCSIX vs. ENIAX

Last updated Aug 1, 2026

LCSIX (LoCorr Long/Short Commodity Strategies Fund) and ENIAX (SEI Institutional Investments Trust Opportunistic Income Fund) are both mutual funds - LCSIX is a Systematic Trend fund managed by LoCorr, while ENIAX is a Ultrashort Bond fund managed by SEI. Over the past 10 years, LCSIX returned 2.51%/yr vs 4.18%/yr for ENIAX. Their -0.01 correlation means they have often moved in opposite directions in the past. LCSIX charges 1.75%/yr vs 0.23%/yr for ENIAX.

Performance

LCSIX vs. ENIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Long/Short Commodity Strategies Fund (LCSIX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCSIX achieves a 0.93% return, which is significantly lower than ENIAX's 2.27% return. Over the past 10 years, LCSIX has underperformed ENIAX with an annualized return of 2.51%, while ENIAX has yielded a comparatively higher 4.18% annualized return.

LCSIX

• 1D: 0.12%
• 1M: -0.23%
• 6M: -3.87%
• YTD: 0.93%
• 1Y: 0.01%
• 3Y*: -2.29%
• 5Y*: 0.34%
• 10Y*: 2.51%
• ALL TIME*: 3.17%

ENIAX

• 1D: 0.00%
• 1M: 0.36%
• 6M: 2.01%
• YTD: 2.27%
• 1Y: 4.66%
• 3Y*: 6.32%
• 5Y*: 4.80%
• 10Y*: 4.18%
• ALL TIME*: 1.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund	$0.00	$0.00	$0.00
LCSIX LoCorr Long/Short Commodity Strategies Fund	$0.00	$0.00	$0.00

LCSIX vs. ENIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCSIX LoCorr Long/Short Commodity Strategies Fund	0.93%	1.13%	-8.29%	-3.07%	6.04%	14.90%	9.90%	-5.97%	15.16%	6.19%
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund	2.27%	6.14%	8.34%	7.94%	-1.16%	2.67%	2.47%	5.82%	1.82%	3.93%

Correlation

The correlation between LCSIX and ENIAX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (5Y) Shows whether the relationship held over a longer period.	0.11
Correlation (10Y) Provides a long-term view across more market conditions.	0.03
Correlation (All Time) Calculated using the full available price history since Jan 17, 2012	-0.01

The correlation between LCSIX and ENIAX shifts across timeframes, from -0.01 (all time) to 0.11 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

LCSIX vs. ENIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LCSIX

LCSIX Risk / Return Rank: 3
LCSIX Sharpe Ratio Rank: 3
LCSIX Sortino Ratio Rank: 3
LCSIX Omega Ratio Rank: 3
LCSIX Calmar Ratio Rank: 3
LCSIX Martin Ratio Rank: 3

ENIAX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LCSIX vs. ENIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Long/Short Commodity Strategies Fund (LCSIX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). 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.

	LCSIX	ENIAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	5.17	-5.31
Sortino ratio: Return per unit of downside risk	-0.16	10.86	-11.02
Omega ratio: Gain probability vs. loss probability	0.98	4.13	-3.15
Calmar ratio: Return relative to maximum drawdown	-0.18	12.85	-13.03
Martin ratio: Return relative to average drawdown	-0.38	79.51	-79.90

LCSIX vs. ENIAX - Sharpe Ratio Comparison

The current LCSIX Sharpe Ratio is -0.15, which is lower than the ENIAX Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of LCSIX and ENIAX, 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

LCSIX vs. ENIAX - Drawdown Comparison

The maximum LCSIX drawdown since its inception was -25.13%, smaller than the maximum ENIAX drawdown of -33.30%. Use the drawdown chart below to compare losses from any high point for LCSIX and ENIAX.

Drawdown Indicators

	LCSIX	ENIAX	Difference
Max Drawdown Largest peak-to-trough decline	-25.13%	-33.30%	+8.17%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-0.37%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-11.60%	-2.11%	-9.49%
Max Drawdown (5Y) Largest decline over 5 years	-13.21%	-3.52%	-9.69%
Max Drawdown (10Y) Largest decline over 10 years	-13.21%	-13.45%	+0.24%
Current Drawdown Current decline from peak	-10.39%	0.00%	-10.39%
Average Drawdown Average peak-to-trough decline	-6.41%	-7.72%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	0.06%	+2.27%

Volatility

LCSIX vs. ENIAX - Volatility Comparison

LoCorr Long/Short Commodity Strategies Fund (LCSIX) has a higher volatility of 1.92% compared to SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) at 0.22%. This indicates that LCSIX's price experiences larger fluctuations and is considered to be riskier than ENIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCSIX	ENIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	0.22%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	4.27%	0.69%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	6.06%	0.93%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.54%	2.86%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.66%	2.78%	+3.88%

LCSIX vs. ENIAX - Expense Ratio Comparison

LCSIX has a 1.75% expense ratio, which is higher than ENIAX's 0.23% expense ratio.

Dividends

LCSIX vs. ENIAX - Dividend Comparison

LCSIX's dividend yield for the trailing twelve months is around 2.30%, less than ENIAX's 6.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund	6.13%	6.00%	6.78%	5.33%	4.07%	2.66%	2.96%	4.32%	3.96%	3.02%	2.75%	2.54%
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.30%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%

Frequently Asked Questions

Can I hold both LCSIX and ENIAX in my portfolio?

LCSIX and ENIAX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCSIX or ENIAX?

LCSIX has higher volatility (1.92%) compared to ENIAX (0.22%). In terms of maximum drawdown, LCSIX dropped -25.13% vs ENIAX's -33.30%.

Which has better risk-adjusted returns?

ENIAX currently has the higher Sharpe Ratio (5.17 vs -0.15), 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.