LFMIX vs. CBFAX

Last updated Jun 5, 2026

LFMIX (LoCorr Macro Strategies Fund Class I) and CBFAX (American Funds Global Balanced Fund) are both Global Allocation funds. Over the past 10 years, LFMIX returned 4.15%/yr vs 6.98%/yr for CBFAX. At a 0.11 correlation, their price movements are largely independent. LFMIX charges 1.88%/yr vs 0.84%/yr for CBFAX.

Performance

LFMIX vs. CBFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Macro Strategies Fund Class I (LFMIX) and American Funds Global Balanced Fund (CBFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFMIX achieves a 10.03% return, which is significantly higher than CBFAX's 6.38% return. Over the past 10 years, LFMIX has underperformed CBFAX with an annualized return of 4.15%, while CBFAX has yielded a comparatively higher 6.98% annualized return.

LFMIX

• 1D: -0.23%
• 1M: -0.47%
• YTD: 10.03%
• 6M: 10.52%
• 1Y: 15.13%
• 3Y*: 5.43%
• 5Y*: 4.31%
• 10Y*: 4.15%

CBFAX

• 1D: -0.54%
• 1M: 2.01%
• YTD: 6.38%
• 6M: 6.72%
• 1Y: 16.69%
• 3Y*: 12.63%
• 5Y*: 5.84%
• 10Y*: 6.98%

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

LFMIX vs. CBFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFMIX LoCorr Macro Strategies Fund Class I	10.03%	2.89%	6.77%	-6.55%	15.43%	0.07%	4.55%	12.71%	-5.11%	2.99%
CBFAX American Funds Global Balanced Fund	6.38%	17.10%	6.50%	13.69%	-14.29%	9.14%	10.45%	17.22%	-6.18%	13.96%

Correlation

The correlation between LFMIX and CBFAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Apr 7, 2011	0.11

The correlation between LFMIX and CBFAX shifts across timeframes, from -0.08 (5 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LFMIX vs. CBFAX — Risk / Return Rank

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

LFMIX

LFMIX Risk / Return Rank: 87
LFMIX Sharpe Ratio Rank: 84
LFMIX Sortino Ratio Rank: 85
LFMIX Omega Ratio Rank: 78
LFMIX Calmar Ratio Rank: 95
LFMIX Martin Ratio Rank: 92

CBFAX

CBFAX Risk / Return Rank: 52
CBFAX Sharpe Ratio Rank: 51
CBFAX Sortino Ratio Rank: 52
CBFAX Omega Ratio Rank: 53
CBFAX Calmar Ratio Rank: 46
CBFAX Martin Ratio Rank: 56

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.

LFMIX vs. CBFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund Class I (LFMIX) and American Funds Global Balanced Fund (CBFAX). 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.

	LFMIX	CBFAX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	2.08	+0.64
Sortino ratio: Return per unit of downside risk	4.04	2.98	+1.06
Omega ratio: Gain probability vs. loss probability	1.51	1.40	+0.12
Calmar ratio: Return relative to maximum drawdown	5.85	2.54	+3.31
Martin ratio: Return relative to average drawdown	18.72	11.15	+7.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LFMIX vs. CBFAX - Sharpe Ratio Comparison

The current LFMIX Sharpe Ratio is 2.72, which is higher than the CBFAX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of LFMIX and CBFAX, 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

	LFMIX	CBFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	2.08	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.59	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.67	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.65	-0.29

Drawdowns

LFMIX vs. CBFAX - Drawdown Comparison

The maximum LFMIX drawdown since its inception was -22.68%, roughly equal to the maximum CBFAX drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for LFMIX and CBFAX.

Drawdown Indicators

	LFMIX	CBFAX	Difference
Max Drawdown Largest peak-to-trough decline	-22.68%	-23.35%	+0.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-6.73%	+4.13%
Max Drawdown (3Y) Largest decline over 3 years	-8.88%	-8.90%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-12.26%	-22.56%	+10.30%
Max Drawdown (10Y) Largest decline over 10 years	-12.26%	-23.35%	+11.09%
Current Drawdown Current decline from peak	-0.70%	-0.54%	-0.16%
Average Drawdown Average peak-to-trough decline	-6.77%	-3.70%	-3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.53%	-0.72%

Volatility

LFMIX vs. CBFAX - Volatility Comparison

The current volatility for LoCorr Macro Strategies Fund Class I (LFMIX) is 1.26%, while American Funds Global Balanced Fund (CBFAX) has a volatility of 2.77%. This indicates that LFMIX experiences smaller price fluctuations and is considered to be less risky than CBFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFMIX	CBFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	2.77%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	4.29%	6.78%	-2.49%
Volatility (1Y) Calculated over the trailing 1-year period	5.58%	8.20%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.20%	9.91%	-2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.61%	10.46%	-2.85%

LFMIX vs. CBFAX - Expense Ratio Comparison

LFMIX has a 1.88% expense ratio, which is higher than CBFAX's 0.84% expense ratio.

Dividends

LFMIX vs. CBFAX - Dividend Comparison

LFMIX's dividend yield for the trailing twelve months is around 2.85%, less than CBFAX's 5.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBFAX American Funds Global Balanced Fund	5.96%	6.32%	5.50%	1.58%	1.49%	6.01%	1.21%	1.83%	2.25%	3.11%	1.93%	3.20%
LFMIX LoCorr Macro Strategies Fund Class I	2.85%	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

Can I hold both LFMIX and CBFAX in my portfolio?

LFMIX and CBFAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFMIX or CBFAX?

CBFAX has higher volatility (2.77%) compared to LFMIX (1.26%). In terms of maximum drawdown, LFMIX dropped -22.68% vs CBFAX's -23.35%.

Which has better risk-adjusted returns?

LFMIX currently has the higher Sharpe Ratio (2.72 vs 2.08), 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.