LFMAX vs. EQCHX

Last updated Apr 2, 2026

Compare and contrast key facts about LoCorr Macro Strategies Fund (LFMAX) and AXS Chesapeake Strategy Fund Class I (EQCHX).

LFMAX is managed by LoCorr Funds. It was launched on Mar 21, 2011. EQCHX is managed by AXS. It was launched on Sep 10, 2012.

Performance

LFMAX vs. EQCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Macro Strategies Fund (LFMAX) and AXS Chesapeake Strategy Fund Class I (EQCHX). The values are adjusted to include any dividend payments, if applicable.

LFMAX vs. EQCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFMAX LoCorr Macro Strategies Fund	8.67%	2.56%	6.36%	-6.69%	15.03%	-0.17%	5.41%	12.51%	-5.38%	2.69%
EQCHX AXS Chesapeake Strategy Fund Class I	0.83%	-8.09%	-3.79%	-8.07%	20.13%	12.28%	6.96%	-2.56%	-12.91%	15.11%

Returns By Period

LFMAX

• 1D: 0.12%
• 1M: 2.61%
• YTD: 8.67%
• 6M: 9.73%
• 1Y: 11.60%
• 3Y*: 4.90%
• 5Y*: 4.25%
• 10Y*: 3.85%

EQCHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFMAX vs. EQCHX - Expense Ratio Comparison

LFMAX has a 2.13% expense ratio, which is higher than EQCHX's 1.91% expense ratio.

LFMAX

LoCorr Macro Strategies Fund

EQCHX

AXS Chesapeake Strategy Fund Class I

Return for Risk

LFMAX vs. EQCHX — Risk / Return Rank

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

LFMAX

LFMAX Risk / Return Rank: 91
LFMAX Sharpe Ratio Rank: 91
LFMAX Sortino Ratio Rank: 93
LFMAX Omega Ratio Rank: 86
LFMAX Calmar Ratio Rank: 96
LFMAX Martin Ratio Rank: 89

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.

LFMAX vs. EQCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund (LFMAX) and AXS Chesapeake Strategy Fund Class I (EQCHX). 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.

	LFMAX	EQCHX	Difference
Sharpe ratio Return per unit of total volatility	2.00	—	—
Sortino ratio Return per unit of downside risk	2.91	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	3.85	—	—
Martin ratio Return relative to average drawdown	10.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LFMAX	EQCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	—	—

Correlation

The correlation between LFMAX and EQCHX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LFMAX vs. EQCHX - Dividend Comparison

LFMAX's dividend yield for the trailing twelve months is around 2.71%, while EQCHX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFMAX LoCorr Macro Strategies Fund	2.71%	2.94%	2.88%	2.96%	14.38%	4.79%	5.65%	4.48%	2.83%	5.98%	1.97%	2.87%
EQCHX AXS Chesapeake Strategy Fund Class I	0.00%	0.00%	0.62%	1.82%	1.54%	20.40%	0.00%	3.86%	1.18%	0.00%	0.00%	1.34%

Drawdowns

Drawdown Indicators

	LFMAX	EQCHX	Difference
Max Drawdown Largest peak-to-trough decline	-23.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.54%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	—	—

Volatility

Volatility by Period

	LFMAX	EQCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.81%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.63%	—	—