LSHIX vs. CCLFX
Compare and contrast key facts about Loomis Sayles Institutional High Income Fund (LSHIX) and Cliffwater Corporate Lending Fund (CCLFX).
LSHIX is managed by Loomis Sayles Funds. It was launched on Jun 5, 1996. CCLFX is managed by Cliffwater. It was launched on Mar 6, 2019.
Performance
LSHIX vs. CCLFX - Performance Comparison
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LSHIX vs. CCLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LSHIX Loomis Sayles Institutional High Income Fund | -1.05% | 9.25% | 9.43% | 10.00% | -11.68% | 8.23% | 3.46% | 4.33% |
CCLFX Cliffwater Corporate Lending Fund | 0.96% | 8.93% | 12.62% | 12.66% | 2.32% | 10.38% | 8.73% | 2.12% |
Returns By Period
In the year-to-date period, LSHIX achieves a -1.05% return, which is significantly lower than CCLFX's 0.96% return.
LSHIX
- 1D
- 0.18%
- 1M
- -1.91%
- YTD
- -1.05%
- 6M
- -0.02%
- 1Y
- 6.75%
- 3Y*
- 8.36%
- 5Y*
- 3.96%
- 10Y*
- 5.61%
CCLFX
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.96%
- 6M
- 3.09%
- 1Y
- 7.64%
- 3Y*
- 10.90%
- 5Y*
- 8.92%
- 10Y*
- —
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LSHIX vs. CCLFX - Expense Ratio Comparison
LSHIX has a 0.71% expense ratio, which is lower than CCLFX's 3.42% expense ratio.
Return for Risk
LSHIX vs. CCLFX — Risk / Return Rank
LSHIX
CCLFX
LSHIX vs. CCLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Institutional High Income Fund (LSHIX) and Cliffwater Corporate Lending Fund (CCLFX). 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.
| LSHIX | CCLFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 8.00 | -6.43 |
Sortino ratioReturn per unit of downside risk | 2.08 | 16.02 | -13.93 |
Omega ratioGain probability vs. loss probability | 1.39 | 5.88 | -4.50 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 16.71 | -15.37 |
Martin ratioReturn relative to average drawdown | 6.43 | 101.68 | -95.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LSHIX | CCLFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 8.00 | -6.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 5.17 | -4.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 4.54 | -3.85 |
Correlation
The correlation between LSHIX and CCLFX is 0.13, 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
LSHIX vs. CCLFX - Dividend Comparison
LSHIX's dividend yield for the trailing twelve months is around 5.83%, less than CCLFX's 10.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSHIX Loomis Sayles Institutional High Income Fund | 5.83% | 5.77% | 7.72% | 6.28% | 4.96% | 6.09% | 5.14% | 6.75% | 7.52% | 5.97% | 6.06% | 10.99% |
CCLFX Cliffwater Corporate Lending Fund | 10.37% | 10.47% | 11.27% | 10.96% | 3.96% | 7.03% | 6.90% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LSHIX vs. CCLFX - Drawdown Comparison
The maximum LSHIX drawdown since its inception was -40.26%, which is greater than CCLFX's maximum drawdown of -3.91%. Use the drawdown chart below to compare losses from any high point for LSHIX and CCLFX.
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Drawdown Indicators
| LSHIX | CCLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -3.91% | -36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.91% | -0.46% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -2.25% | -12.93% |
Max Drawdown (10Y)Largest decline over 10 years | -24.13% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -0.09% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -0.16% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.08% | +0.91% |
Volatility
LSHIX vs. CCLFX - Volatility Comparison
Loomis Sayles Institutional High Income Fund (LSHIX) has a higher volatility of 1.31% compared to Cliffwater Corporate Lending Fund (CCLFX) at 0.32%. This indicates that LSHIX's price experiences larger fluctuations and is considered to be riskier than CCLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSHIX | CCLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.32% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 0.65% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 0.97% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 1.74% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 1.89% | +4.27% |