Correlation
The correlation between LSSAX and SPAB is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
LSSAX vs. SPAB
Compare and contrast key facts about Loomis Sayles Securitized Asset Fund (LSSAX) and SPDR Portfolio Aggregate Bond ETF (SPAB).
LSSAX is managed by Loomis Sayles Funds. It was launched on Mar 2, 2006. SPAB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate. It was launched on May 23, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LSSAX or SPAB.
Performance
LSSAX vs. SPAB - Performance Comparison
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Key characteristics
LSSAX:
1.49
SPAB:
1.10
LSSAX:
2.27
SPAB:
1.61
LSSAX:
1.27
SPAB:
1.19
LSSAX:
0.95
SPAB:
0.47
LSSAX:
4.81
SPAB:
2.72
LSSAX:
1.63%
SPAB:
2.16%
LSSAX:
5.23%
SPAB:
5.35%
LSSAX:
-16.39%
SPAB:
-18.56%
LSSAX:
-1.81%
SPAB:
-6.82%
Returns By Period
The year-to-date returns for both stocks are quite close, with LSSAX having a 2.56% return and SPAB slightly lower at 2.55%. Over the past 10 years, LSSAX has outperformed SPAB with an annualized return of 2.23%, while SPAB has yielded a comparatively lower 1.51% annualized return.
LSSAX
2.56%
-1.18%
1.35%
7.70%
2.72%
0.97%
2.23%
SPAB
2.55%
-0.69%
0.70%
5.84%
1.47%
-0.94%
1.51%
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LSSAX vs. SPAB - Expense Ratio Comparison
LSSAX has a 0.00% expense ratio, which is lower than SPAB's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LSSAX vs. SPAB — Risk-Adjusted Performance Rank
LSSAX
SPAB
LSSAX vs. SPAB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Securitized Asset Fund (LSSAX) and SPDR Portfolio Aggregate Bond ETF (SPAB). 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.
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Dividends
LSSAX vs. SPAB - Dividend Comparison
LSSAX's dividend yield for the trailing twelve months is around 4.40%, more than SPAB's 3.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSSAX Loomis Sayles Securitized Asset Fund | 4.40% | 4.55% | 5.65% | 6.48% | 6.40% | 5.96% | 5.50% | 5.63% | 5.41% | 5.13% | 5.21% | 4.95% |
SPAB SPDR Portfolio Aggregate Bond ETF | 3.90% | 3.86% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.59% | 2.43% |
Drawdowns
LSSAX vs. SPAB - Drawdown Comparison
The maximum LSSAX drawdown since its inception was -16.39%, smaller than the maximum SPAB drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for LSSAX and SPAB.
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Volatility
LSSAX vs. SPAB - Volatility Comparison
Loomis Sayles Securitized Asset Fund (LSSAX) and SPDR Portfolio Aggregate Bond ETF (SPAB) have volatilities of 1.47% and 1.45%, 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.
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