LFMAX vs. LFMIX
LFMAX (LoCorr Macro Strategies Fund) and LFMIX (LoCorr Macro Strategies Fund Class I) are both mutual funds - LFMAX is a Systematic Trend fund managed by LoCorr, while LFMIX is a Global Allocation fund actively managed by LoCorr. Over the past 10 years, LFMAX returned 3.33%/yr vs 3.50%/yr for LFMIX. Their 0.99 correlation means they have historically moved very closely together. LFMAX charges 2.13%/yr vs 1.88%/yr for LFMIX.
Performance
LFMAX vs. LFMIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LFMAX having a 7.62% return and LFMIX slightly higher at 7.71%. Over the past 10 years, LFMAX has underperformed LFMIX with an annualized return of 3.33%, while LFMIX has yielded a comparatively higher 3.50% annualized return.
LFMAX
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 4.73%
- YTD
- 7.62%
- 1Y
- 11.99%
- 3Y*
- 4.29%
- 5Y*
- 4.05%
- 10Y*
- 3.33%
- ALL TIME*
- 2.77%
LFMIX
- 1D
- 0.72%
- 1M
- -0.83%
- 6M
- 4.88%
- YTD
- 7.71%
- 1Y
- 12.27%
- 3Y*
- 4.60%
- 5Y*
- 4.33%
- 10Y*
- 3.50%
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LFMAX vs. LFMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LFMAX LoCorr Macro Strategies Fund | 7.62% | 2.56% | 6.36% | -6.69% | 15.03% | -0.17% | 5.41% | 12.51% | -5.38% | 2.69% |
LFMIX LoCorr Macro Strategies Fund Class I | 7.71% | 2.89% | 6.77% | -6.55% | 15.43% | 0.07% | 4.55% | 12.71% | -5.11% | 2.99% |
Correlation
The correlation between LFMAX and LFMIX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2011 | 0.99 |
The correlation between LFMAX and LFMIX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
LFMAX vs. LFMIX — Risk / Return Rank
LFMAX
LFMIX
LFMAX vs. LFMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund (LFMAX) and LoCorr Macro Strategies Fund Class I (LFMIX). 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.
| LFMAX | LFMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.37 | -0.16 |
| Martin ratioReturn relative to average drawdown | 10.76 | 10.96 | -0.20 |
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Drawdowns
LFMAX vs. LFMIX - Drawdown Comparison
The maximum LFMAX drawdown since its inception was -23.16%, roughly equal to the maximum LFMIX drawdown of -22.68%. Use the drawdown chart below to compare losses from any high point for LFMAX and LFMIX.
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Drawdown Indicators
| LFMAX | LFMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -22.68% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -3.48% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -8.88% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -12.54% | -12.26% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -12.54% | -12.26% | -0.28% |
Current DrawdownCurrent decline from peak | -2.85% | -2.78% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -6.71% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.07% | -0.01% |
Volatility
LFMAX vs. LFMIX - Volatility Comparison
LoCorr Macro Strategies Fund (LFMAX) and LoCorr Macro Strategies Fund Class I (LFMIX) have volatilities of 1.82% and 1.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFMAX | LFMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.83% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 4.41% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.80% | 5.78% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 7.19% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 7.52% | -0.02% |
LFMAX vs. LFMIX - Expense Ratio Comparison
LFMAX has a 2.13% expense ratio, which is higher than LFMIX's 1.88% expense ratio.
Dividends
LFMAX vs. LFMIX - Dividend Comparison
LFMAX's dividend yield for the trailing twelve months is around 2.74%, less than LFMIX's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFMAX LoCorr Macro Strategies Fund | 2.74% | 2.94% | 2.88% | 2.96% | 14.38% | 4.79% | 5.65% | 4.48% | 2.83% | 5.98% | 1.97% | 2.87% |
LFMIX LoCorr Macro Strategies Fund Class I | 2.92% | 3.14% | 3.21% | 3.17% | 14.35% | 4.95% | 4.73% | 4.66% | 3.12% | 5.89% | 1.95% | 3.08% |
Frequently Asked Questions
With a correlation of 0.97, LFMAX and LFMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LFMIX has higher volatility (1.83%) compared to LFMAX (1.82%). In terms of maximum drawdown, LFMAX dropped -23.16% vs LFMIX's -22.68%.
LFMIX currently has the higher Sharpe Ratio (2.04 vs 1.98), 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.
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