LFMIX vs. HFGM

Last updated Apr 2, 2026

Compare and contrast key facts about LoCorr Macro Strategies Fund Class I (LFMIX) and Unlimited HFGM Global Macro ETF (HFGM).

LFMIX is an actively managed fund by LoCorr. It was launched on Mar 24, 2011. HFGM is an actively managed fund by Unlimited. It was launched on Apr 14, 2025.

Performance

LFMIX vs. HFGM - Performance Comparison

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

LFMIX vs. HFGM - Yearly Performance Comparison

	2026 (YTD)	2025
LFMIX LoCorr Macro Strategies Fund Class I	8.74%	5.60%
HFGM Unlimited HFGM Global Macro ETF	12.76%	26.63%

Returns By Period

In the year-to-date period, LFMIX achieves a 8.74% return, which is significantly lower than HFGM's 12.76% return.

LFMIX

• 1D: 0.24%
• 1M: 2.79%
• YTD: 8.74%
• 6M: 9.91%
• 1Y: 11.89%
• 3Y*: 5.23%
• 5Y*: 4.55%
• 10Y*: 4.01%

HFGM

• 1D: 1.43%
• 1M: -4.15%
• YTD: 12.76%
• 6M: 12.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFMIX vs. HFGM - Expense Ratio Comparison

LFMIX has a 1.88% expense ratio, which is higher than HFGM's 0.95% expense ratio.

LFMIX

LoCorr Macro Strategies Fund Class I

HFGM

Unlimited HFGM Global Macro ETF

Return for Risk

LFMIX vs. HFGM — Risk / Return Rank

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

LFMIX

LFMIX Risk / Return Rank: 91
LFMIX Sharpe Ratio Rank: 92
LFMIX Sortino Ratio Rank: 93
LFMIX Omega Ratio Rank: 87
LFMIX Calmar Ratio Rank: 96
LFMIX Martin Ratio Rank: 88

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. HFGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund Class I (LFMIX) and Unlimited HFGM Global Macro ETF (HFGM). 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	HFGM	Difference
Sharpe ratio Return per unit of total volatility	2.07	—	—
Sortino ratio Return per unit of downside risk	3.00	—	—
Omega ratio Gain probability vs. loss probability	1.39	—	—
Calmar ratio Return relative to maximum drawdown	3.91	—	—
Martin ratio Return relative to average drawdown	10.38	—	—
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

	LFMIX	HFGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.96	-1.60

Correlation

The correlation between LFMIX and HFGM is 0.38, 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

LFMIX vs. HFGM - Dividend Comparison

LFMIX's dividend yield for the trailing twelve months is around 2.89%, less than HFGM's 9.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFMIX LoCorr Macro Strategies Fund Class I	2.89%	3.14%	3.21%	3.17%	14.35%	4.95%	4.73%	4.66%	3.12%	5.89%	1.95%	3.08%
HFGM Unlimited HFGM Global Macro ETF	9.96%	11.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LFMIX vs. HFGM - Drawdown Comparison

The maximum LFMIX drawdown since its inception was -22.68%, which is greater than HFGM's maximum drawdown of -10.66%. Use the drawdown chart below to compare losses from any high point for LFMIX and HFGM.

Drawdown Indicators

	LFMIX	HFGM	Difference
Max Drawdown Largest peak-to-trough decline	-22.68%	-10.66%	-12.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.26%	—	—
Current Drawdown Current decline from peak	0.00%	-7.09%	+7.09%
Average Drawdown Average peak-to-trough decline	-6.84%	-2.34%	-4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	—	—

Volatility

Volatility by Period

	LFMIX	HFGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.77%	23.05%	-17.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	23.05%	-15.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.64%	23.05%	-15.41%