LCSIX vs. RPIFX

Last updated Jun 5, 2026

LCSIX (LoCorr Long/Short Commodity Strategies Fund) and RPIFX (T. Rowe Price Institutional Floating Rate Fund) are both mutual funds - LCSIX is a Systematic Trend fund managed by LoCorr Funds, while RPIFX is a Bank Loan fund managed by T. Rowe Price. Over the past 10 years, LCSIX returned 2.79%/yr vs 4.82%/yr for RPIFX. At a correlation of -0.03, they often move in opposite directions. LCSIX charges 1.75%/yr vs 0.57%/yr for RPIFX.

Performance

LCSIX vs. RPIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Long/Short Commodity Strategies Fund (LCSIX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCSIX achieves a 2.20% return, which is significantly higher than RPIFX's 1.37% return. Over the past 10 years, LCSIX has underperformed RPIFX with an annualized return of 2.79%, while RPIFX has yielded a comparatively higher 4.82% annualized return.

LCSIX

• 1D: -0.23%
• 1M: -0.45%
• YTD: 2.20%
• 6M: 1.05%
• 1Y: 2.31%
• 3Y*: -2.08%
• 5Y*: 1.02%
• 10Y*: 2.79%

RPIFX

• 1D: -0.11%
• 1M: 0.25%
• YTD: 1.37%
• 6M: 1.98%
• 1Y: 5.72%
• 3Y*: 7.81%
• 5Y*: 5.29%
• 10Y*: 4.82%

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

LCSIX vs. RPIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.20%	1.13%	-8.29%	-3.07%	6.04%	14.90%	9.90%	-5.97%	15.16%	6.19%
RPIFX T. Rowe Price Institutional Floating Rate Fund	1.37%	6.71%	8.47%	10.13%	-1.96%	4.67%	2.42%	8.82%	0.39%	3.78%

Correlation

The correlation between LCSIX and RPIFX is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 18, 2012	-0.03

Return for Risk

LCSIX vs. RPIFX — Risk / Return Rank

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

LCSIX

LCSIX Risk / Return Rank: 6
LCSIX Sharpe Ratio Rank: 5
LCSIX Sortino Ratio Rank: 5
LCSIX Omega Ratio Rank: 5
LCSIX Calmar Ratio Rank: 7
LCSIX Martin Ratio Rank: 5

RPIFX

RPIFX Risk / Return Rank: 86
RPIFX Sharpe Ratio Rank: 70
RPIFX Sortino Ratio Rank: 97
RPIFX Omega Ratio Rank: 97
RPIFX Calmar Ratio Rank: 85
RPIFX Martin Ratio Rank: 80

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.

LCSIX vs. RPIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Long/Short Commodity Strategies Fund (LCSIX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX). 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.

	LCSIX	RPIFX	Difference
Sharpe ratio: Return per unit of total volatility	0.39	2.43	-2.04
Sortino ratio: Return per unit of downside risk	0.58	5.86	-5.29
Omega ratio: Gain probability vs. loss probability	1.08	1.93	-0.85
Calmar ratio: Return relative to maximum drawdown	0.63	3.99	-3.36
Martin ratio: Return relative to average drawdown	1.21	14.77	-13.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCSIX vs. RPIFX - Sharpe Ratio Comparison

The current LCSIX Sharpe Ratio is 0.39, which is lower than the RPIFX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of LCSIX and RPIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LCSIX	RPIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	2.43	-2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	1.93	-1.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	1.27	-0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.29	-0.85

Drawdowns

LCSIX vs. RPIFX - Drawdown Comparison

The maximum LCSIX drawdown since its inception was -25.13%, roughly equal to the maximum RPIFX drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for LCSIX and RPIFX.

Drawdown Indicators

	LCSIX	RPIFX	Difference
Max Drawdown Largest peak-to-trough decline	-25.13%	-25.10%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-3.87%	-1.44%	-2.43%
Max Drawdown (3Y) Largest decline over 3 years	-11.60%	-2.28%	-9.32%
Max Drawdown (5Y) Largest decline over 5 years	-13.21%	-5.90%	-7.31%
Max Drawdown (10Y) Largest decline over 10 years	-13.54%	-19.67%	+6.13%
Current Drawdown Current decline from peak	-9.25%	-0.11%	-9.14%
Average Drawdown Average peak-to-trough decline	-6.37%	-1.34%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	0.39%	+1.61%

Volatility

LCSIX vs. RPIFX - Volatility Comparison

LoCorr Long/Short Commodity Strategies Fund (LCSIX) has a higher volatility of 1.13% compared to T. Rowe Price Institutional Floating Rate Fund (RPIFX) at 0.57%. This indicates that LCSIX's price experiences larger fluctuations and is considered to be riskier than RPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCSIX	RPIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	0.57%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	5.23%	1.73%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	6.19%	2.37%	+3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.50%	2.76%	+2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.67%	3.80%	+2.87%

LCSIX vs. RPIFX - Expense Ratio Comparison

LCSIX has a 1.75% expense ratio, which is higher than RPIFX's 0.57% expense ratio.

Dividends

LCSIX vs. RPIFX - Dividend Comparison

LCSIX's dividend yield for the trailing twelve months is around 2.27%, less than RPIFX's 7.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.27%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%
RPIFX T. Rowe Price Institutional Floating Rate Fund	7.00%	7.22%	7.77%	6.53%	4.12%	3.94%	4.29%	5.12%	5.16%	4.32%	4.31%	4.45%

Frequently Asked Questions

Can I hold both LCSIX and RPIFX in my portfolio?

LCSIX and RPIFX have a correlation of 0.03, 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 RPIFX?

LCSIX has higher volatility (1.13%) compared to RPIFX (0.57%). In terms of maximum drawdown, LCSIX dropped -25.13% vs RPIFX's -25.10%.

Which has better risk-adjusted returns?

RPIFX currently has the higher Sharpe Ratio (2.43 vs 0.39), 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.