LSSAX vs. BFMCX

Last updated Jun 4, 2026

LSSAX (Loomis Sayles Securitized Asset Fund) and BFMCX (BlackRock Core Bond Portfolio) are both Intermediate Core Bond funds. Over the past 10 years, LSSAX returned 2.52%/yr vs 1.56%/yr for BFMCX. Their correlation of 0.80 suggests significant overlap in exposure. LSSAX charges 0.00%/yr vs 0.44%/yr for BFMCX.

Performance

LSSAX vs. BFMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Securitized Asset Fund (LSSAX) and BlackRock Core Bond Portfolio (BFMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSSAX achieves a 1.24% return, which is significantly higher than BFMCX's 0.31% return. Over the past 10 years, LSSAX has outperformed BFMCX with an annualized return of 2.52%, while BFMCX has yielded a comparatively lower 1.56% annualized return.

LSSAX

• 1D: 0.00%
• 1M: 0.60%
• YTD: 1.24%
• 6M: 1.22%
• 1Y: 7.13%
• 3Y*: 5.86%
• 5Y*: 1.40%
• 10Y*: 2.52%

BFMCX

• 1D: 0.00%
• 1M: 0.59%
• YTD: 0.31%
• 6M: 0.31%
• 1Y: 5.43%
• 3Y*: 3.53%
• 5Y*: -0.26%
• 10Y*: 1.56%

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

LSSAX vs. BFMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSSAX Loomis Sayles Securitized Asset Fund	1.24%	8.32%	3.94%	7.01%	-11.82%	0.64%	4.68%	6.81%	2.48%	3.40%
BFMCX BlackRock Core Bond Portfolio	0.31%	7.43%	0.66%	5.32%	-14.35%	-1.52%	8.32%	9.85%	-0.28%	3.16%

Correlation

The correlation between LSSAX and BFMCX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 6, 2006	0.80

The correlation between LSSAX and BFMCX shifts across timeframes, from 0.73 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LSSAX vs. BFMCX — Risk / Return Rank

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

LSSAX

LSSAX Risk / Return Rank: 65
LSSAX Sharpe Ratio Rank: 52
LSSAX Sortino Ratio Rank: 63
LSSAX Omega Ratio Rank: 55
LSSAX Calmar Ratio Rank: 85
LSSAX Martin Ratio Rank: 72

BFMCX

BFMCX Risk / Return Rank: 21
BFMCX Sharpe Ratio Rank: 22
BFMCX Sortino Ratio Rank: 22
BFMCX Omega Ratio Rank: 21
BFMCX Calmar Ratio Rank: 21
BFMCX Martin Ratio Rank: 18

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.

LSSAX vs. BFMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Securitized Asset Fund (LSSAX) and BlackRock Core Bond Portfolio (BFMCX). 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.

	LSSAX	BFMCX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.34	+0.79
Sortino ratio: Return per unit of downside risk	3.32	1.97	+1.36
Omega ratio: Gain probability vs. loss probability	1.41	1.24	+0.17
Calmar ratio: Return relative to maximum drawdown	4.05	1.68	+2.37
Martin ratio: Return relative to average drawdown	13.79	4.92	+8.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSSAX vs. BFMCX - Sharpe Ratio Comparison

The current LSSAX Sharpe Ratio is 2.13, which is higher than the BFMCX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of LSSAX and BFMCX, 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

	LSSAX	BFMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.34	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	-0.04	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.31	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.87	+0.08

Drawdowns

LSSAX vs. BFMCX - Drawdown Comparison

The maximum LSSAX drawdown since its inception was -16.40%, smaller than the maximum BFMCX drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for LSSAX and BFMCX.

Drawdown Indicators

	LSSAX	BFMCX	Difference
Max Drawdown Largest peak-to-trough decline	-16.40%	-19.49%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	-2.16%	-3.25%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-5.91%	-6.76%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-16.40%	-19.32%	+2.92%
Max Drawdown (10Y) Largest decline over 10 years	-16.40%	-19.49%	+3.09%
Current Drawdown Current decline from peak	-0.61%	-3.64%	+3.03%
Average Drawdown Average peak-to-trough decline	-1.98%	-2.73%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.11%	-0.21%

Volatility

LSSAX vs. BFMCX - Volatility Comparison

Loomis Sayles Securitized Asset Fund (LSSAX) and BlackRock Core Bond Portfolio (BFMCX) have volatilities of 1.47% and 1.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSSAX	BFMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	1.42%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.66%	3.05%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	4.07%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.78%	6.14%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.42%	5.05%	-0.63%

LSSAX vs. BFMCX - Expense Ratio Comparison

LSSAX has a 0.00% expense ratio, which is lower than BFMCX's 0.44% expense ratio.

Dividends

LSSAX vs. BFMCX - Dividend Comparison

LSSAX's dividend yield for the trailing twelve months is around 4.34%, which matches BFMCX's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFMCX BlackRock Core Bond Portfolio	4.36%	4.10%	3.86%	3.21%	1.86%	2.11%	5.78%	2.86%	3.02%	2.69%	2.41%	2.57%
LSSAX Loomis Sayles Securitized Asset Fund	4.34%	4.23%	4.54%	5.65%	6.47%	6.38%	5.95%	5.48%	5.62%	5.42%	5.12%	5.20%

Frequently Asked Questions

Can I hold both LSSAX and BFMCX in my portfolio?

LSSAX and BFMCX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSSAX or BFMCX?

LSSAX has higher volatility (1.47%) compared to BFMCX (1.42%). In terms of maximum drawdown, LSSAX dropped -16.40% vs BFMCX's -19.49%.

Which has better risk-adjusted returns?

LSSAX currently has the higher Sharpe Ratio (2.13 vs 1.34), 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.