LFMIX vs. LFMAX
LFMIX (LoCorr Macro Strategies Fund Class I) and LFMAX (LoCorr Macro Strategies Fund) are both mutual funds - LFMIX is a Global Allocation fund actively managed by LoCorr, while LFMAX is a Systematic Trend fund managed by LoCorr. Over the past 10 years, LFMIX returned 3.50%/yr vs 3.33%/yr for LFMAX. Their 0.99 correlation means they have historically moved very closely together. LFMIX charges 1.88%/yr vs 2.13%/yr for LFMAX.
Performance
LFMIX vs. LFMAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LFMIX having a 7.71% return and LFMAX slightly lower at 7.62%. Both investments have delivered pretty close results over the past 10 years, with LFMIX having a 3.50% annualized return and LFMAX not far behind at 3.33%.
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%
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%
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 |
LFMIX vs. LFMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between LFMIX and LFMAX 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 LFMIX and LFMAX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
LFMIX vs. LFMAX — Risk / Return Rank
LFMIX
LFMAX
LFMIX vs. LFMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund Class I (LFMIX) and LoCorr Macro Strategies Fund (LFMAX). 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.
| LFMIX | LFMAX | 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 | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.22 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.96 | 10.76 | +0.20 |
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Drawdowns
LFMIX vs. LFMAX - Drawdown Comparison
The maximum LFMIX drawdown since its inception was -22.68%, roughly equal to the maximum LFMAX drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for LFMIX and LFMAX.
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Drawdown Indicators
| LFMIX | LFMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.68% | -23.16% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.56% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.88% | -8.95% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | -12.54% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -12.26% | -12.54% | +0.28% |
Current DrawdownCurrent decline from peak | -2.78% | -2.85% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -7.00% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.06% | +0.01% |
Volatility
LFMIX vs. LFMAX - Volatility Comparison
LoCorr Macro Strategies Fund Class I (LFMIX) and LoCorr Macro Strategies Fund (LFMAX) have volatilities of 1.83% and 1.82%, 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
| LFMIX | LFMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.82% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 4.38% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 5.80% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 7.21% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 7.50% | +0.02% |
LFMIX vs. LFMAX - Expense Ratio Comparison
LFMIX has a 1.88% expense ratio, which is lower than LFMAX's 2.13% expense ratio.
Dividends
LFMIX vs. LFMAX - Dividend Comparison
LFMIX's dividend yield for the trailing twelve months is around 2.92%, more than LFMAX's 2.74% 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, LFMIX and LFMAX 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, LFMIX dropped -22.68% vs LFMAX's -23.16%.
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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