LFMIX vs. HGLB

Last updated Apr 2, 2026

Compare and contrast key facts about LoCorr Macro Strategies Fund Class I (LFMIX) and Highland Global Allocation Fund (HGLB).

LFMIX is an actively managed fund by LoCorr. It was launched on Mar 24, 2011. HGLB is managed by Highland Funds. It was launched on Jan 5, 1998.

Performance

LFMIX vs. HGLB - Performance Comparison

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

LFMIX vs. HGLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LFMIX LoCorr Macro Strategies Fund Class I	8.74%	2.89%	6.77%	-6.55%	15.43%	0.07%	4.55%	13.56%
HGLB Highland Global Allocation Fund	-8.19%	51.74%	-1.52%	-6.15%	14.53%	53.22%	-17.98%	-31.46%

Returns By Period

In the year-to-date period, LFMIX achieves a 8.74% return, which is significantly higher than HGLB's -8.19% 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%

HGLB

• 1D: 1.37%
• 1M: -9.86%
• YTD: -8.19%
• 6M: -4.95%
• 1Y: 9.83%
• 3Y*: 9.35%
• 5Y*: 13.28%
• 10Y*: —

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

LFMIX vs. HGLB - Expense Ratio Comparison

LFMIX has a 1.88% expense ratio, which is higher than HGLB's 0.02% expense ratio.

LFMIX

LoCorr Macro Strategies Fund Class I

HGLB

Highland Global Allocation Fund

Return for Risk

LFMIX vs. HGLB — 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

HGLB

HGLB Risk / Return Rank: 11
HGLB Sharpe Ratio Rank: 11
HGLB Sortino Ratio Rank: 12
HGLB Omega Ratio Rank: 12
HGLB Calmar Ratio Rank: 10
HGLB Martin Ratio Rank: 9

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. HGLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund Class I (LFMIX) and Highland Global Allocation Fund (HGLB). 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	HGLB	Difference
Sharpe ratio Return per unit of total volatility	2.07	0.39	+1.68
Sortino ratio Return per unit of downside risk	3.00	0.71	+2.30
Omega ratio Gain probability vs. loss probability	1.39	1.10	+0.28
Calmar ratio Return relative to maximum drawdown	3.91	0.44	+3.47
Martin ratio Return relative to average drawdown	10.38	1.16	+9.23
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. HGLB - Sharpe Ratio Comparison

The current LFMIX Sharpe Ratio is 2.07, which is higher than the HGLB Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of LFMIX and HGLB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LFMIX	HGLB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.39	+1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.60	+0.03
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	0.12	+0.24

Correlation

The correlation between LFMIX and HGLB is 0.01, 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. HGLB - Dividend Comparison

LFMIX's dividend yield for the trailing twelve months is around 2.89%, less than HGLB's 12.86% 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%
HGLB Highland Global Allocation Fund	12.86%	11.57%	14.27%	12.82%	10.32%	9.39%	15.44%	11.35%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LFMIX vs. HGLB - Drawdown Comparison

The maximum LFMIX drawdown since its inception was -22.68%, smaller than the maximum HGLB drawdown of -70.40%. Use the drawdown chart below to compare losses from any high point for LFMIX and HGLB.

Drawdown Indicators

	LFMIX	HGLB	Difference
Max Drawdown Largest peak-to-trough decline	-22.68%	-70.40%	+47.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.95%	-23.34%	+20.39%
Max Drawdown (5Y) Largest decline over 5 years	-12.26%	-29.88%	+17.62%
Max Drawdown (10Y) Largest decline over 10 years	-12.26%	—	—
Current Drawdown Current decline from peak	0.00%	-18.32%	+18.32%
Average Drawdown Average peak-to-trough decline	-6.84%	-18.21%	+11.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	8.85%	-7.69%

Volatility

LFMIX vs. HGLB - Volatility Comparison

The current volatility for LoCorr Macro Strategies Fund Class I (LFMIX) is 1.87%, while Highland Global Allocation Fund (HGLB) has a volatility of 8.27%. This indicates that LFMIX experiences smaller price fluctuations and is considered to be less risky than HGLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFMIX	HGLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	8.27%	-6.40%
Volatility (6M) Calculated over the trailing 6-month period	4.50%	18.22%	-13.72%
Volatility (1Y) Calculated over the trailing 1-year period	5.77%	25.37%	-19.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	22.36%	-15.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.64%	27.92%	-20.28%