LSGSX vs. IPBAX
LSGSX (Loomis Sayles Inflation Protected Securities Fund) and IPBAX (Allspring Real Return Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, LSGSX returned 2.36%/yr vs 4.29%/yr for IPBAX. Their correlation of 0.80 means they have usually moved in the same direction. LSGSX charges 0.40%/yr vs 0.78%/yr for IPBAX.
Performance
LSGSX vs. IPBAX - Performance Comparison
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Returns By Period
In the year-to-date period, LSGSX achieves a 0.09% return, which is significantly lower than IPBAX's 8.62% return. Over the past 10 years, LSGSX has underperformed IPBAX with an annualized return of 2.36%, while IPBAX has yielded a comparatively higher 4.29% annualized return.
LSGSX
- 1D
- 0.00%
- 1M
- -0.63%
- 6M
- -0.42%
- YTD
- 0.09%
- 1Y
- 1.02%
- 3Y*
- 3.03%
- 5Y*
- -0.33%
- 10Y*
- 2.36%
- ALL TIME*
- 4.75%
IPBAX
- 1D
- 0.74%
- 1M
- -2.07%
- 6M
- 2.02%
- YTD
- 8.62%
- 1Y
- 15.74%
- 3Y*
- 9.84%
- 5Y*
- 4.57%
- 10Y*
- 4.29%
- ALL TIME*
- 4.10%
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 |
LSGSX vs. IPBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LSGSX Loomis Sayles Inflation Protected Securities Fund | 0.09% | 5.66% | 1.80% | 3.63% | -12.50% | 5.01% | 13.97% | 8.63% | -2.23% | 3.61% |
IPBAX Allspring Real Return Fund | 8.62% | 10.37% | 8.12% | 5.35% | -10.75% | 7.74% | 8.03% | 9.87% | -4.02% | 4.07% |
Correlation
The correlation between LSGSX and IPBAX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2003 | 0.80 |
Over the past year, the correlation between LSGSX and IPBAX has dropped to 0.26 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
LSGSX vs. IPBAX — Risk / Return Rank
LSGSX
IPBAX
LSGSX vs. IPBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Inflation Protected Securities Fund (LSGSX) and Allspring Real Return Fund (IPBAX). 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.
| LSGSX | IPBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.30 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.28 | -1.83 |
| Martin ratioReturn relative to average drawdown | 0.95 | 8.07 | -7.11 |
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Drawdowns
LSGSX vs. IPBAX - Drawdown Comparison
The maximum LSGSX drawdown since its inception was -17.20%, which is greater than IPBAX's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for LSGSX and IPBAX.
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Drawdown Indicators
| LSGSX | IPBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -15.13% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -6.49% | +4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -3.88% | -6.49% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -15.23% | -13.94% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -15.23% | -13.94% | -1.29% |
Current DrawdownCurrent decline from peak | -3.17% | -5.80% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -3.14% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.83% | -0.79% |
Volatility
LSGSX vs. IPBAX - Volatility Comparison
The current volatility for Loomis Sayles Inflation Protected Securities Fund (LSGSX) is 0.74%, while Allspring Real Return Fund (IPBAX) has a volatility of 3.05%. This indicates that LSGSX experiences smaller price fluctuations and is considered to be less risky than IPBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSGSX | IPBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 3.05% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 7.33% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 8.97% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 7.51% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 6.16% | -0.57% |
LSGSX vs. IPBAX - Expense Ratio Comparison
LSGSX has a 0.40% expense ratio, which is lower than IPBAX's 0.78% expense ratio.
Dividends
LSGSX vs. IPBAX - Dividend Comparison
LSGSX's dividend yield for the trailing twelve months is around 3.83%, less than IPBAX's 12.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPBAX Allspring Real Return Fund | 12.01% | 2.58% | 2.26% | 3.71% | 5.07% | 3.84% | 1.26% | 2.12% | 2.57% | 1.96% | 1.77% | 2.13% |
LSGSX Loomis Sayles Inflation Protected Securities Fund | 3.83% | 3.53% | 3.52% | 3.88% | 8.23% | 5.60% | 0.99% | 1.96% | 2.90% | 2.38% | 1.48% | 0.75% |
Frequently Asked Questions
LSGSX and IPBAX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPBAX has higher volatility (3.05%) compared to LSGSX (0.74%). In terms of maximum drawdown, LSGSX dropped -17.20% vs IPBAX's -15.13%.
IPBAX currently has the higher Sharpe Ratio (1.65 vs 0.28), 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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