LIGYX vs. GAFYX
LIGYX (Loomis Sayles International Growth Fund) and GAFYX (AlphaSimplex Global Alternatives Fund) are both mutual funds - LIGYX is a Foreign Large Cap Equities fund managed by Natixis, while GAFYX is a Multistrategy fund managed by Natixis. Over the past 5 years, LIGYX returned 2.24%/yr vs 6.03%/yr for GAFYX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. LIGYX charges 0.95%/yr vs 1.24%/yr for GAFYX.
Performance
LIGYX vs. GAFYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LIGYX achieves a -8.25% return, which is significantly lower than GAFYX's 10.61% return.
LIGYX
- 1D
- -1.50%
- 1M
- -0.47%
- 6M
- -6.38%
- YTD
- -8.25%
- 1Y
- -4.59%
- 3Y*
- 4.56%
- 5Y*
- 2.24%
- 10Y*
- —
- ALL TIME*
- 1.88%
GAFYX
- 1D
- 0.32%
- 1M
- 2.09%
- 6M
- 6.98%
- YTD
- 10.61%
- 1Y
- 15.64%
- 3Y*
- 8.51%
- 5Y*
- 6.03%
- 10Y*
- 4.84%
- ALL TIME*
- 3.78%
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 |
LIGYX vs. GAFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LIGYX Loomis Sayles International Growth Fund | -8.25% | 9.53% | 13.96% | 20.81% | -17.49% | -3.79% | 1.08% |
GAFYX AlphaSimplex Global Alternatives Fund | 10.61% | 6.68% | 9.66% | 3.77% | -0.49% | 1.29% | 1.08% |
Correlation
The correlation between LIGYX and GAFYX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020 | 0.65 |
The correlation between LIGYX and GAFYX has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LIGYX vs. GAFYX — Risk / Return Rank
LIGYX
GAFYX
LIGYX vs. GAFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles International Growth Fund (LIGYX) and AlphaSimplex Global Alternatives Fund (GAFYX). 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.
| LIGYX | GAFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.91 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.47 | 11.11 | -11.59 |
Loading charts...
Drawdowns
LIGYX vs. GAFYX - Drawdown Comparison
The maximum LIGYX drawdown since its inception was -38.11%, which is greater than GAFYX's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for LIGYX and GAFYX.
Loading charts...
Drawdown Indicators
| LIGYX | GAFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.11% | -19.49% | -18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -22.58% | -5.19% | -17.39% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -9.74% | -12.84% |
Max Drawdown (5Y)Largest decline over 5 years | -33.83% | -9.74% | -24.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.26% | — |
Current DrawdownCurrent decline from peak | -13.62% | -0.47% | -13.15% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -4.60% | -9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.45% | 1.35% | +9.10% |
Volatility
LIGYX vs. GAFYX - Volatility Comparison
Loomis Sayles International Growth Fund (LIGYX) has a higher volatility of 5.37% compared to AlphaSimplex Global Alternatives Fund (GAFYX) at 2.80%. This indicates that LIGYX's price experiences larger fluctuations and is considered to be riskier than GAFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LIGYX | GAFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 2.80% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 7.54% | +8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.53% | 8.80% | +11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 7.40% | +13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 6.92% | +13.84% |
LIGYX vs. GAFYX - Expense Ratio Comparison
LIGYX has a 0.95% expense ratio, which is lower than GAFYX's 1.24% expense ratio.
Dividends
LIGYX vs. GAFYX - Dividend Comparison
LIGYX's dividend yield for the trailing twelve months is around 0.62%, while GAFYX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAFYX AlphaSimplex Global Alternatives Fund | 0.00% | 0.00% | 0.00% | 5.24% | 9.57% | 0.00% | 2.57% | 1.16% | 1.37% | 0.74% | 0.00% | 3.53% |
LIGYX Loomis Sayles International Growth Fund | 0.62% | 1.70% | 0.64% | 0.57% | 0.69% | 1.72% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LIGYX and GAFYX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIGYX has higher volatility (5.37%) compared to GAFYX (2.80%). In terms of maximum drawdown, LIGYX dropped -38.11% vs GAFYX's -19.49%.
GAFYX currently has the higher Sharpe Ratio (1.72 vs -0.26), 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.
Find the right allocation for LIGYX and GAFYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer