LSHIX vs. LSSCX

Last updated Jun 3, 2026

LSHIX (Loomis Sayles Institutional High Income Fund) and LSSCX (Loomis Sayles Small Cap Value Fund) are both mutual funds - LSHIX is a High Yield Bonds fund managed by Loomis Sayles Funds, while LSSCX is a Small Cap Blend Equities fund managed by Loomis Sayles Funds. Over the past 10 years, LSHIX returned 5.39%/yr vs 9.63%/yr for LSSCX. A 0.53 correlation means they provide meaningful diversification when combined. LSHIX charges 0.71%/yr vs 0.90%/yr for LSSCX.

Performance

LSHIX vs. LSSCX - 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 Small Cap Value Fund (LSSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSHIX achieves a 1.92% return, which is significantly lower than LSSCX's 14.05% return. Over the past 10 years, LSHIX has underperformed LSSCX with an annualized return of 5.39%, while LSSCX has yielded a comparatively higher 9.63% annualized return.

LSHIX

• 1D: 0.00%
• 1M: 0.17%
• YTD: 1.92%
• 6M: 2.64%
• 1Y: 8.41%
• 3Y*: 9.43%
• 5Y*: 4.02%
• 10Y*: 5.39%

LSSCX

• 1D: -0.22%
• 1M: 0.18%
• YTD: 14.05%
• 6M: 15.46%
• 1Y: 26.99%
• 3Y*: 14.69%
• 5Y*: 7.80%
• 10Y*: 9.63%

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

LSHIX vs. LSSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSHIX Loomis Sayles Institutional High Income Fund	1.92%	9.25%	9.43%	10.00%	-11.68%	8.23%	3.46%	10.55%	-3.55%	8.41%
LSSCX Loomis Sayles Small Cap Value Fund	14.05%	5.31%	10.89%	19.39%	-11.52%	29.03%	2.29%	25.06%	-16.81%	10.01%

Correlation

The correlation between LSHIX and LSSCX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 6, 1996	0.53

The correlation between LSHIX and LSSCX has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

Return for Risk

LSHIX vs. LSSCX — Risk / Return Rank

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

LSHIX

LSHIX Risk / Return Rank: 76
LSHIX Sharpe Ratio Rank: 91
LSHIX Sortino Ratio Rank: 93
LSHIX Omega Ratio Rank: 92
LSHIX Calmar Ratio Rank: 40
LSHIX Martin Ratio Rank: 62

LSSCX

LSSCX Risk / Return Rank: 33
LSSCX Sharpe Ratio Rank: 39
LSSCX Sortino Ratio Rank: 43
LSSCX Omega Ratio Rank: 33
LSSCX Calmar Ratio Rank: 21
LSSCX Martin Ratio Rank: 26

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. LSSCX - 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 Small Cap Value Fund (LSSCX). 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	LSSCX	Difference
Sharpe ratio Return per unit of total volatility	3.04	1.83	+1.21
Sortino ratio Return per unit of downside risk	4.78	2.75	+2.03
Omega ratio Gain probability vs. loss probability	1.68	1.31	+0.37
Calmar ratio Return relative to maximum drawdown	2.45	1.74	+0.71
Martin ratio Return relative to average drawdown	12.23	6.46	+5.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSHIX vs. LSSCX - Sharpe Ratio Comparison

The current LSHIX Sharpe Ratio is 3.04, which is higher than the LSSCX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of LSHIX and LSSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LSHIX	LSSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.04	1.83	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.39	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.44	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.58	+0.11

Drawdowns

LSHIX vs. LSSCX - Drawdown Comparison

The maximum LSHIX drawdown since its inception was -40.26%, smaller than the maximum LSSCX drawdown of -54.28%. Use the drawdown chart below to compare losses from any high point for LSHIX and LSSCX.

Drawdown Indicators

	LSHIX	LSSCX	Difference
Max Drawdown Largest peak-to-trough decline	-40.26%	-54.28%	+14.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.25%	-9.89%	+7.64%
Max Drawdown (3Y) Largest decline over 3 years	-4.75%	-25.10%	+20.35%
Max Drawdown (5Y) Largest decline over 5 years	-15.18%	-25.10%	+9.92%
Max Drawdown (10Y) Largest decline over 10 years	-24.13%	-44.65%	+20.52%
Current Drawdown Current decline from peak	-0.00%	-1.59%	+1.59%
Average Drawdown Average peak-to-trough decline	-7.28%	-7.58%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	3.90%	-3.12%

Volatility

LSHIX vs. LSSCX - Volatility Comparison

The current volatility for Loomis Sayles Institutional High Income Fund (LSHIX) is 0.93%, while Loomis Sayles Small Cap Value Fund (LSSCX) has a volatility of 4.49%. This indicates that LSHIX experiences smaller price fluctuations and is considered to be less risky than LSSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSHIX	LSSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	4.49%	-3.56%
Volatility (6M) Calculated over the trailing 6-month period	2.51%	13.06%	-10.55%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	17.47%	-14.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.40%	20.91%	-15.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.14%	22.42%	-16.28%

LSHIX vs. LSSCX - Expense Ratio Comparison

LSHIX has a 0.71% expense ratio, which is lower than LSSCX's 0.90% expense ratio.

Dividends

LSHIX vs. LSSCX - Dividend Comparison

LSHIX's dividend yield for the trailing twelve months is around 5.66%, less than LSSCX's 15.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSHIX Loomis Sayles Institutional High Income Fund	5.66%	5.77%	7.72%	6.28%	4.96%	6.09%	5.14%	6.75%	7.52%	5.97%	6.06%	10.99%
LSSCX Loomis Sayles Small Cap Value Fund	15.34%	17.50%	10.71%	20.30%	12.74%	19.01%	8.04%	8.65%	17.43%	12.58%	8.27%	11.35%

Frequently Asked Questions

Can I hold both LSHIX and LSSCX in my portfolio?

LSHIX and LSSCX have a correlation of 0.58, 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 LSSCX?

LSSCX has higher volatility (4.49%) compared to LSHIX (0.93%). In terms of maximum drawdown, LSHIX dropped -40.26% vs LSSCX's -54.28%.

Which has better risk-adjusted returns?

LSHIX currently has the higher Sharpe Ratio (3.04 vs 1.83), 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.