LFMAX vs. SPY
Compare and contrast key facts about LoCorr Macro Strategies Fund (LFMAX) and State Street SPDR S&P 500 ETF (SPY).
LFMAX is managed by LoCorr Funds. It was launched on Mar 21, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
LFMAX vs. SPY - Performance Comparison
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LFMAX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, LFMAX achieves a 8.67% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, LFMAX has underperformed SPY with an annualized return of 3.85%, while SPY has yielded a comparatively higher 14.06% annualized return.
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%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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LFMAX vs. SPY - Expense Ratio Comparison
LFMAX has a 2.13% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
LFMAX vs. SPY — Risk / Return Rank
LFMAX
SPY
LFMAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund (LFMAX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 0.96 | +1.05 |
Sortino ratioReturn per unit of downside risk | 2.91 | 1.49 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.85 | 1.53 | +2.31 |
Martin ratioReturn relative to average drawdown | 10.20 | 7.27 | +2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LFMAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 0.96 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.79 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.23 |
Correlation
The correlation between LFMAX and SPY is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LFMAX vs. SPY - Dividend Comparison
LFMAX's dividend yield for the trailing twelve months is around 2.71%, more than SPY's 1.13% yield.
| 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LFMAX vs. SPY - Drawdown Comparison
The maximum LFMAX drawdown since its inception was -23.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LFMAX and SPY.
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Drawdown Indicators
| LFMAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -55.19% | +32.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -12.05% | +9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -12.54% | -24.50% | +11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -12.54% | -33.72% | +21.18% |
Current DrawdownCurrent decline from peak | 0.00% | -5.53% | +5.53% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -9.09% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.54% | -1.40% |
Volatility
LFMAX vs. SPY - Volatility Comparison
The current volatility for LoCorr Macro Strategies Fund (LFMAX) is 1.76%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that LFMAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFMAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 5.35% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.56% | 9.50% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 19.06% | -13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 17.06% | -9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 17.92% | -10.29% |