LSHIX vs. LSBDX
LSHIX (Loomis Sayles Institutional High Income Fund) and LSBDX (Loomis Sayles Bond Fund) are both mutual funds - LSHIX is a High Yield Bonds fund managed by Loomis Sayles Funds, while LSBDX is a Multisector Bonds fund managed by Loomis Sayles Funds. Over the past 10 years, LSHIX returned 5.29%/yr vs 3.23%/yr for LSBDX. A 0.68 correlation means they provide meaningful diversification when combined. LSHIX charges 0.71%/yr vs 0.67%/yr for LSBDX.
Performance
LSHIX vs. LSBDX - Performance Comparison
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Returns By Period
In the year-to-date period, LSHIX achieves a 2.10% return, which is significantly higher than LSBDX's -0.36% return. Over the past 10 years, LSHIX has outperformed LSBDX with an annualized return of 5.29%, while LSBDX has yielded a comparatively lower 3.23% annualized return.
LSHIX
- 1D
- 0.00%
- 1M
- 0.52%
- YTD
- 2.10%
- 6M
- 2.28%
- 1Y
- 7.84%
- 3Y*
- 9.16%
- 5Y*
- 4.02%
- 10Y*
- 5.29%
LSBDX
- 1D
- 0.08%
- 1M
- 0.43%
- YTD
- -0.36%
- 6M
- -0.19%
- 1Y
- 4.24%
- 3Y*
- 6.79%
- 5Y*
- 2.01%
- 10Y*
- 3.23%
LSHIX vs. LSBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LSHIX Loomis Sayles Institutional High Income Fund | 2.10% | 9.25% | 9.43% | 10.00% | -11.68% | 8.23% | 3.46% | 10.55% | -3.55% | 8.41% |
LSBDX Loomis Sayles Bond Fund | -0.36% | 8.67% | 6.70% | 8.05% | -12.50% | 3.23% | 2.14% | 11.72% | -2.87% | 7.47% |
Correlation
The correlation between LSHIX and LSBDX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 1996 | 0.68 |
The correlation between LSHIX and LSBDX has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
LSHIX vs. LSBDX — Risk / Return Rank
LSHIX
LSBDX
LSHIX vs. LSBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Institutional High Income Fund (LSHIX) and Loomis Sayles Bond Fund (LSBDX). 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.
| LSHIX | LSBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.27 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 1.56 | +2.62 |
| Martin ratioReturn relative to average drawdown | 19.53 | 4.79 | +14.74 |
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Drawdowns
LSHIX vs. LSBDX - Drawdown Comparison
The maximum LSHIX drawdown since its inception was -40.26%, which is greater than LSBDX's maximum drawdown of -30.58%. Use the drawdown chart below to compare losses from any high point for LSHIX and LSBDX.
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Drawdown Indicators
| LSHIX | LSBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -30.58% | -9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.25% | -3.25% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -5.55% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -16.60% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -24.13% | -16.60% | -7.53% |
Current DrawdownCurrent decline from peak | -0.34% | -1.76% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -2.80% | -4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.97% | -0.52% |
Volatility
LSHIX vs. LSBDX - Volatility Comparison
The current volatility for Loomis Sayles Institutional High Income Fund (LSHIX) is 1.01%, while Loomis Sayles Bond Fund (LSBDX) has a volatility of 1.24%. This indicates that LSHIX experiences smaller price fluctuations and is considered to be less risky than LSBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSHIX | LSBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.24% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.72% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.51% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 5.02% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 4.88% | +1.25% |
LSHIX vs. LSBDX - Expense Ratio Comparison
LSHIX has a 0.71% expense ratio, which is higher than LSBDX's 0.67% expense ratio.
Dividends
LSHIX vs. LSBDX - Dividend Comparison
LSHIX's dividend yield for the trailing twelve months is around 5.65%, more than LSBDX's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSBDX Loomis Sayles Bond Fund | 3.87% | 4.15% | 5.51% | 5.09% | 5.13% | 2.88% | 3.83% | 3.97% | 3.78% | 5.86% | 3.13% | 7.37% |
LSHIX Loomis Sayles Institutional High Income Fund | 5.65% | 5.77% | 7.72% | 6.28% | 4.96% | 6.09% | 5.14% | 6.75% | 7.52% | 5.97% | 6.06% | 10.99% |
Frequently Asked Questions
LSHIX and LSBDX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSBDX has higher volatility (1.24%) compared to LSHIX (1.01%). In terms of maximum drawdown, LSHIX dropped -40.26% vs LSBDX's -30.58%.
LSHIX currently has the higher Sharpe Ratio (2.72 vs 1.44), 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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