LSMIX vs. SGFFX

Last updated Aug 5, 2026

LSMIX (Loomis Sayles Small/Mid Cap Growth Fund) and SGFFX (Sparrow Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, LSMIX returned 11.44%/yr vs 15.77%/yr for SGFFX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. LSMIX charges 0.99%/yr vs 1.81%/yr for SGFFX.

Performance

LSMIX vs. SGFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Small/Mid Cap Growth Fund (LSMIX) and Sparrow Growth Fund (SGFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSMIX achieves a 15.64% return, which is significantly higher than SGFFX's 2.46% return. Over the past 10 years, LSMIX has underperformed SGFFX with an annualized return of 11.44%, while SGFFX has yielded a comparatively higher 15.77% annualized return.

LSMIX

• 1D: 1.52%
• 1M: -2.57%
• 6M: 9.93%
• YTD: 15.64%
• 1Y: 21.17%
• 3Y*: 13.43%
• 5Y*: 3.61%
• 10Y*: 11.44%
• ALL TIME*: 11.42%

SGFFX

• 1D: 1.85%
• 1M: 0.48%
• 6M: 6.19%
• YTD: 2.46%
• 1Y: 7.22%
• 3Y*: 18.86%
• 5Y*: 5.03%
• 10Y*: 15.77%
• ALL TIME*: 6.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LSMIX Loomis Sayles Small/Mid Cap Growth Fund	$0.00	$0.00	$0.00
SGFFX Sparrow Growth Fund	$0.00	$0.00	$0.00

LSMIX vs. SGFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSMIX Loomis Sayles Small/Mid Cap Growth Fund	15.64%	5.71%	17.74%	6.71%	-27.08%	17.40%	31.56%	35.21%	-7.32%	31.80%
SGFFX Sparrow Growth Fund	2.46%	14.31%	34.81%	17.02%	-23.36%	-11.00%	97.83%	27.24%	6.26%	31.24%

Correlation

The correlation between LSMIX and SGFFX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.77

Over the past year, the correlation between LSMIX and SGFFX has dropped to 0.55 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

LSMIX vs. SGFFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LSMIX

LSMIX Risk / Return Rank: 44
LSMIX Sharpe Ratio Rank: 35
LSMIX Sortino Ratio Rank: 43
LSMIX Omega Ratio Rank: 33
LSMIX Calmar Ratio Rank: 59
LSMIX Martin Ratio Rank: 51

SGFFX

SGFFX Risk / Return Rank: 13
SGFFX Sharpe Ratio Rank: 15
SGFFX Sortino Ratio Rank: 15
SGFFX Omega Ratio Rank: 14
SGFFX Calmar Ratio Rank: 10
SGFFX Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LSMIX vs. SGFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Small/Mid Cap Growth Fund (LSMIX) and Sparrow Growth Fund (SGFFX). 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.

	LSMIX	SGFFX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.65	+0.63
Sortino ratio: Return per unit of downside risk	2.07	0.99	+1.08
Omega ratio: Gain probability vs. loss probability	1.23	1.12	+0.11
Calmar ratio: Return relative to maximum drawdown	2.28	0.59	+1.70
Martin ratio: Return relative to average drawdown	7.86	1.89	+5.97

LSMIX vs. SGFFX - Sharpe Ratio Comparison

The current LSMIX Sharpe Ratio is 1.28, which is higher than the SGFFX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of LSMIX and SGFFX, 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

LSMIX vs. SGFFX - Drawdown Comparison

The maximum LSMIX drawdown since its inception was -36.96%, smaller than the maximum SGFFX drawdown of -62.10%. Use the drawdown chart below to compare losses from any high point for LSMIX and SGFFX.

Drawdown Indicators

	LSMIX	SGFFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.96%	-62.10%	+25.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-15.33%	+4.26%
Max Drawdown (3Y) Largest decline over 3 years	-24.39%	-39.29%	+14.90%
Max Drawdown (5Y) Largest decline over 5 years	-35.49%	-40.24%	+4.75%
Max Drawdown (10Y) Largest decline over 10 years	-36.96%	-50.45%	+13.49%
Current Drawdown Current decline from peak	-4.46%	-16.77%	+12.31%
Average Drawdown Average peak-to-trough decline	-9.89%	-22.14%	+12.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	4.76%	-1.75%

Volatility

LSMIX vs. SGFFX - Volatility Comparison

Loomis Sayles Small/Mid Cap Growth Fund (LSMIX) has a higher volatility of 4.89% compared to Sparrow Growth Fund (SGFFX) at 4.57%. This indicates that LSMIX's price experiences larger fluctuations and is considered to be riskier than SGFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSMIX	SGFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	4.57%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	11.22%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	19.78%	13.96%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	26.99%	-5.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.49%	28.02%	-6.53%

LSMIX vs. SGFFX - Expense Ratio Comparison

LSMIX has a 0.99% expense ratio, which is lower than SGFFX's 1.81% expense ratio.

Dividends

LSMIX vs. SGFFX - Dividend Comparison

Neither LSMIX nor SGFFX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSMIX Loomis Sayles Small/Mid Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	9.95%	0.68%	4.40%	46.82%	0.00%	0.18%	0.00%
SGFFX Sparrow Growth Fund	0.00%	0.00%	0.00%	0.00%	18.67%	0.00%	0.67%	1.33%	5.84%	7.33%	0.00%	2.59%

Frequently Asked Questions

Can I hold both LSMIX and SGFFX in my portfolio?

LSMIX and SGFFX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSMIX or SGFFX?

LSMIX has higher volatility (4.89%) compared to SGFFX (4.57%). In terms of maximum drawdown, LSMIX dropped -36.96% vs SGFFX's -62.10%.

Which has better risk-adjusted returns?

LSMIX currently has the higher Sharpe Ratio (1.28 vs 0.65), 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.