LEQIX vs. LSPIX

Last updated Jun 3, 2026

LEQIX (LoCorr Dynamic Equity Fund) and LSPIX (LoCorr Spectrum Income Fund) are both mutual funds - LEQIX is a Long-Short fund managed by LoCorr Funds, while LSPIX is a Diversified Portfolio fund managed by LoCorr Funds. Over the past 10 years, LEQIX returned 5.18%/yr vs 5.12%/yr for LSPIX. A 0.64 correlation means they provide meaningful diversification when combined. LEQIX charges 1.99%/yr vs 1.73%/yr for LSPIX.

Performance

LEQIX vs. LSPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Dynamic Equity Fund (LEQIX) and LoCorr Spectrum Income Fund (LSPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LEQIX having a 6.22% return and LSPIX slightly higher at 6.50%. Both investments have delivered pretty close results over the past 10 years, with LEQIX having a 5.18% annualized return and LSPIX not far behind at 5.12%.

LEQIX

• 1D: -0.42%
• 1M: 2.88%
• YTD: 6.22%
• 6M: 5.14%
• 1Y: 14.21%
• 3Y*: 8.10%
• 5Y*: 2.90%
• 10Y*: 5.18%

LSPIX

• 1D: 0.00%
• 1M: -1.07%
• YTD: 6.50%
• 6M: 6.89%
• 1Y: 13.64%
• 3Y*: 10.76%
• 5Y*: 3.45%
• 10Y*: 5.12%

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

LEQIX vs. LSPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEQIX LoCorr Dynamic Equity Fund	6.22%	2.88%	11.56%	3.43%	-8.80%	14.59%	4.03%	13.68%	-12.53%	2.58%
LSPIX LoCorr Spectrum Income Fund	6.50%	9.86%	9.14%	2.04%	-8.59%	21.49%	-2.64%	18.75%	-7.91%	3.86%

Correlation

The correlation between LEQIX and LSPIX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 6, 2014	0.64

The correlation between LEQIX and LSPIX shifts across timeframes, from 0.51 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

LEQIX vs. LSPIX — Risk / Return Rank

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

LEQIX

LEQIX Risk / Return Rank: 35
LEQIX Sharpe Ratio Rank: 27
LEQIX Sortino Ratio Rank: 30
LEQIX Omega Ratio Rank: 25
LEQIX Calmar Ratio Rank: 58
LEQIX Martin Ratio Rank: 33

LSPIX

LSPIX Risk / Return Rank: 33
LSPIX Sharpe Ratio Rank: 34
LSPIX Sortino Ratio Rank: 32
LSPIX Omega Ratio Rank: 32
LSPIX Calmar Ratio Rank: 37
LSPIX Martin Ratio Rank: 32

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.

LEQIX vs. LSPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Dynamic Equity Fund (LEQIX) and LoCorr Spectrum Income Fund (LSPIX). 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.

	LEQIX	LSPIX	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.69	-0.20
Sortino ratio Return per unit of downside risk	2.29	2.36	-0.07
Omega ratio Gain probability vs. loss probability	1.26	1.30	-0.03
Calmar ratio Return relative to maximum drawdown	2.94	2.34	+0.61
Martin ratio Return relative to average drawdown	7.63	7.39	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEQIX vs. LSPIX - Sharpe Ratio Comparison

The current LEQIX Sharpe Ratio is 1.49, which is comparable to the LSPIX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of LEQIX and LSPIX, 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

	LEQIX	LSPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.69	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.29	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.34	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.23	+0.04

Drawdowns

LEQIX vs. LSPIX - Drawdown Comparison

The maximum LEQIX drawdown since its inception was -32.49%, smaller than the maximum LSPIX drawdown of -43.64%. Use the drawdown chart below to compare losses from any high point for LEQIX and LSPIX.

Drawdown Indicators

	LEQIX	LSPIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.49%	-43.64%	+11.15%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-6.02%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-12.68%	-13.07%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-17.78%	-18.93%	+1.15%
Max Drawdown (10Y) Largest decline over 10 years	-32.49%	-43.64%	+11.15%
Current Drawdown Current decline from peak	-0.76%	-2.56%	+1.80%
Average Drawdown Average peak-to-trough decline	-6.76%	-8.48%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.90%	-0.14%

Volatility

LEQIX vs. LSPIX - Volatility Comparison

LoCorr Dynamic Equity Fund (LEQIX) has a higher volatility of 2.92% compared to LoCorr Spectrum Income Fund (LSPIX) at 2.08%. This indicates that LEQIX's price experiences larger fluctuations and is considered to be riskier than LSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEQIX	LSPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.08%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	6.28%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	9.15%	8.50%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.95%	11.86%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.16%	15.25%	-3.09%

LEQIX vs. LSPIX - Expense Ratio Comparison

LEQIX has a 1.99% expense ratio, which is higher than LSPIX's 1.73% expense ratio.

Dividends

LEQIX vs. LSPIX - Dividend Comparison

LEQIX's dividend yield for the trailing twelve months is around 19.08%, more than LSPIX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEQIX LoCorr Dynamic Equity Fund	19.08%	20.27%	1.22%	1.50%	1.31%	6.09%	0.00%	0.33%	3.86%	4.40%	0.00%	0.00%
LSPIX LoCorr Spectrum Income Fund	8.66%	8.91%	8.96%	8.96%	11.00%	6.91%	7.83%	7.56%	9.60%	8.13%	7.80%	7.71%

Frequently Asked Questions

Can I hold both LEQIX and LSPIX in my portfolio?

LEQIX and LSPIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEQIX or LSPIX?

LEQIX has higher volatility (2.92%) compared to LSPIX (2.08%). In terms of maximum drawdown, LEQIX dropped -32.49% vs LSPIX's -43.64%.

Which has better risk-adjusted returns?

LSPIX currently has the higher Sharpe Ratio (1.69 vs 1.49), 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.