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.
Correlation
The correlation between LSSAX and SPAB is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LSSAX vs. SPAB - Performance Comparison
Key characteristics
LSSAX:
1.71
SPAB:
1.23
LSSAX:
2.56
SPAB:
1.81
LSSAX:
1.31
SPAB:
1.21
LSSAX:
0.98
SPAB:
0.49
LSSAX:
5.84
SPAB:
3.11
LSSAX:
1.56%
SPAB:
2.10%
LSSAX:
5.33%
SPAB:
5.30%
LSSAX:
-16.39%
SPAB:
-18.56%
LSSAX:
0.00%
SPAB:
-5.77%
Returns By Period
In the year-to-date period, LSSAX achieves a 4.08% return, which is significantly higher than SPAB's 3.71% return. Over the past 10 years, LSSAX has outperformed SPAB with an annualized return of 2.34%, while SPAB has yielded a comparatively lower 1.45% annualized return.
LSSAX
4.08%
1.29%
3.06%
8.83%
1.70%
2.34%
SPAB
3.71%
1.24%
1.42%
6.35%
-0.22%
1.45%
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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.
Dividends
LSSAX vs. SPAB - Dividend Comparison
LSSAX's dividend yield for the trailing twelve months is around 3.95%, more than SPAB's 3.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSSAX Loomis Sayles Securitized Asset Fund | 3.95% | 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 | 3.82% | 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. For additional features, visit the drawdowns tool.
Volatility
LSSAX vs. SPAB - Volatility Comparison
Loomis Sayles Securitized Asset Fund (LSSAX) has a higher volatility of 1.47% compared to SPDR Portfolio Aggregate Bond ETF (SPAB) at 1.27%. This indicates that LSSAX's price experiences larger fluctuations and is considered to be riskier than SPAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.