LSHIX vs. LSGSX

Last updated Jun 23, 2026

LSHIX (Loomis Sayles Institutional High Income Fund) and LSGSX (Loomis Sayles Inflation Protected Securities Fund) are both mutual funds - LSHIX is a High Yield Bonds fund managed by Loomis Sayles Funds, while LSGSX is a Inflation-Protected Bonds fund managed by Loomis Sayles Funds. Over the past 10 years, LSHIX returned 5.29%/yr vs 2.59%/yr for LSGSX. At a 0.13 correlation, their price movements are largely independent. LSHIX charges 0.71%/yr vs 0.40%/yr for LSGSX.

Performance

LSHIX vs. LSGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Institutional High Income Fund (LSHIX) and Loomis Sayles Inflation Protected Securities Fund (LSGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSHIX achieves a 2.10% return, which is significantly higher than LSGSX's 0.73% return. Over the past 10 years, LSHIX has outperformed LSGSX with an annualized return of 5.29%, while LSGSX has yielded a comparatively lower 2.59% 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%

LSGSX

• 1D: 0.21%
• 1M: 0.41%
• YTD: 0.73%
• 6M: 0.83%
• 1Y: 2.81%
• 3Y*: 3.25%
• 5Y*: 0.44%
• 10Y*: 2.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LSHIX vs. LSGSX - 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%
LSGSX Loomis Sayles Inflation Protected Securities Fund	0.73%	5.66%	1.80%	3.63%	-12.50%	5.01%	13.97%	8.63%	-2.23%	3.61%

Correlation

The correlation between LSHIX and LSGSX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 5, 1996	0.13

Over the past year, LSHIX and LSGSX have become more correlated (0.40) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

LSHIX vs. LSGSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSHIX

LSHIX Risk / Return Rank: 90
LSHIX Sharpe Ratio Rank: 90
LSHIX Sortino Ratio Rank: 91
LSHIX Omega Ratio Rank: 88
LSHIX Calmar Ratio Rank: 89
LSHIX Martin Ratio Rank: 94

LSGSX

LSGSX Risk / Return Rank: 13
LSGSX Sharpe Ratio Rank: 12
LSGSX Sortino Ratio Rank: 11
LSGSX Omega Ratio Rank: 11
LSGSX Calmar Ratio Rank: 18
LSGSX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSHIX vs. LSGSX - 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 Inflation Protected Securities Fund (LSGSX). 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	LSGSX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	0.88	+1.84
Sortino ratio: Return per unit of downside risk	4.21	1.26	+2.95
Omega ratio: Gain probability vs. loss probability	1.58	1.16	+0.42
Calmar ratio: Return relative to maximum drawdown	4.17	1.43	+2.74
Martin ratio: Return relative to average drawdown	19.53	3.20	+16.32

LSHIX vs. LSGSX - Sharpe Ratio Comparison

The current LSHIX Sharpe Ratio is 2.72, which is higher than the LSGSX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of LSHIX and LSGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LSHIX vs. LSGSX - Drawdown Comparison

The maximum LSHIX drawdown since its inception was -40.26%, which is greater than LSGSX's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for LSHIX and LSGSX.

Drawdown Indicators

	LSHIX	LSGSX	Difference
Max Drawdown Largest peak-to-trough decline	-40.26%	-17.20%	-23.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.25%	-2.34%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-4.75%	-4.66%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-15.18%	-15.23%	+0.05%
Max Drawdown (10Y) Largest decline over 10 years	-24.13%	-15.23%	-8.90%
Current Drawdown Current decline from peak	-0.34%	-2.56%	+2.22%
Average Drawdown Average peak-to-trough decline	-7.26%	-4.59%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	1.02%	-0.57%

Volatility

LSHIX vs. LSGSX - Volatility Comparison

The current volatility for Loomis Sayles Institutional High Income Fund (LSHIX) is 1.01%, while Loomis Sayles Inflation Protected Securities Fund (LSGSX) has a volatility of 1.12%. This indicates that LSHIX experiences smaller price fluctuations and is considered to be less risky than LSGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSHIX	LSGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	1.12%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.54%	2.48%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	3.81%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.41%	6.29%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.13%	5.59%	+0.54%

LSHIX vs. LSGSX - Expense Ratio Comparison

LSHIX has a 0.71% expense ratio, which is higher than LSGSX's 0.40% expense ratio.

Dividends

LSHIX vs. LSGSX - Dividend Comparison

LSHIX's dividend yield for the trailing twelve months is around 5.65%, more than LSGSX's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSGSX Loomis Sayles Inflation Protected Securities Fund	2.66%	3.53%	3.52%	3.88%	8.23%	5.60%	0.99%	1.96%	2.90%	2.38%	1.48%	0.75%
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

Can I hold both LSHIX and LSGSX in my portfolio?

LSHIX and LSGSX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSHIX or LSGSX?

LSGSX has higher volatility (1.12%) compared to LSHIX (1.01%). In terms of maximum drawdown, LSHIX dropped -40.26% vs LSGSX's -17.20%.

Which has better risk-adjusted returns?

LSHIX currently has the higher Sharpe Ratio (2.72 vs 0.88), 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.