LSSCX vs. LSGBX

Last updated Jun 24, 2026

LSSCX (Loomis Sayles Small Cap Value Fund) and LSGBX (Loomis Sayles Global Bond Fund) are both mutual funds - LSSCX is a Small Cap Blend Equities fund managed by Loomis Sayles Funds, while LSGBX is a Global Bonds fund managed by Loomis Sayles Funds. Over the past 10 years, LSSCX returned 10.56%/yr vs 0.85%/yr for LSGBX. At a 0.05 correlation, their price movements are largely independent. LSSCX charges 0.90%/yr vs 0.69%/yr for LSGBX.

Performance

LSSCX vs. LSGBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Small Cap Value Fund (LSSCX) and Loomis Sayles Global Bond Fund (LSGBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSSCX achieves a 19.98% return, which is significantly higher than LSGBX's -0.26% return. Over the past 10 years, LSSCX has outperformed LSGBX with an annualized return of 10.56%, while LSGBX has yielded a comparatively lower 0.85% annualized return.

LSSCX

• 1D: 0.00%
• 1M: 5.43%
• YTD: 19.98%
• 6M: 17.56%
• 1Y: 30.20%
• 3Y*: 16.47%
• 5Y*: 9.37%
• 10Y*: 10.56%

LSGBX

• 1D: 0.00%
• 1M: 0.32%
• YTD: -0.26%
• 6M: -0.19%
• 1Y: 1.42%
• 3Y*: 3.21%
• 5Y*: -2.02%
• 10Y*: 0.85%

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

LSSCX vs. LSGBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSSCX Loomis Sayles Small Cap Value Fund	19.98%	5.31%	10.89%	19.39%	-11.52%	29.03%	2.29%	25.06%	-16.81%	10.01%
LSGBX Loomis Sayles Global Bond Fund	-0.26%	8.52%	-2.46%	5.48%	-17.18%	-4.94%	13.49%	7.52%	-2.49%	8.87%

Correlation

The correlation between LSSCX and LSGBX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since May 13, 1991	0.05

Over the past year, LSSCX and LSGBX have become more correlated (0.40) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

LSSCX vs. LSGBX — Risk / Return Rank

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

LSSCX

LSSCX Risk / Return Rank: 67
LSSCX Sharpe Ratio Rank: 64
LSSCX Sortino Ratio Rank: 70
LSSCX Omega Ratio Rank: 51
LSSCX Calmar Ratio Rank: 85
LSSCX Martin Ratio Rank: 65

LSGBX

LSGBX Risk / Return Rank: 6
LSGBX Sharpe Ratio Rank: 6
LSGBX Sortino Ratio Rank: 5
LSGBX Omega Ratio Rank: 5
LSGBX Calmar Ratio Rank: 6
LSGBX Martin Ratio Rank: 6

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.

LSSCX vs. LSGBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Small Cap Value Fund (LSSCX) and Loomis Sayles Global Bond Fund (LSGBX). 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.

	LSSCX	LSGBX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	0.39	+1.78
Sortino ratio: Return per unit of downside risk	3.18	0.61	+2.58
Omega ratio: Gain probability vs. loss probability	1.36	1.07	+0.29
Calmar ratio: Return relative to maximum drawdown	3.85	0.53	+3.32
Martin ratio: Return relative to average drawdown	11.96	1.33	+10.63

LSSCX vs. LSGBX - Sharpe Ratio Comparison

The current LSSCX Sharpe Ratio is 2.17, which is higher than the LSGBX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of LSSCX and LSGBX, 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

LSSCX vs. LSGBX - Drawdown Comparison

The maximum LSSCX drawdown since its inception was -54.28%, which is greater than LSGBX's maximum drawdown of -26.86%. Use the drawdown chart below to compare losses from any high point for LSSCX and LSGBX.

Drawdown Indicators

	LSSCX	LSGBX	Difference
Max Drawdown Largest peak-to-trough decline	-54.28%	-26.86%	-27.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-4.05%	-5.84%
Max Drawdown (3Y) Largest decline over 3 years	-25.10%	-7.42%	-17.68%
Max Drawdown (5Y) Largest decline over 5 years	-25.10%	-25.24%	+0.14%
Max Drawdown (10Y) Largest decline over 10 years	-44.65%	-26.86%	-17.79%
Current Drawdown Current decline from peak	0.00%	-12.57%	+12.57%
Average Drawdown Average peak-to-trough decline	-7.57%	-4.81%	-2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	1.53%	+1.47%

Volatility

LSSCX vs. LSGBX - Volatility Comparison

Loomis Sayles Small Cap Value Fund (LSSCX) has a higher volatility of 4.34% compared to Loomis Sayles Global Bond Fund (LSGBX) at 1.33%. This indicates that LSSCX's price experiences larger fluctuations and is considered to be riskier than LSGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSSCX	LSGBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	1.33%	+3.01%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	3.90%	+8.84%
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	5.55%	+12.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	6.65%	+14.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	5.80%	+16.64%

LSSCX vs. LSGBX - Expense Ratio Comparison

LSSCX has a 0.90% expense ratio, which is higher than LSGBX's 0.69% expense ratio.

Dividends

LSSCX vs. LSGBX - Dividend Comparison

LSSCX's dividend yield for the trailing twelve months is around 14.58%, more than LSGBX's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSGBX Loomis Sayles Global Bond Fund	0.11%	0.11%	0.00%	0.00%	0.00%	4.31%	4.94%	1.75%	0.66%	0.28%	0.43%	0.00%
LSSCX Loomis Sayles Small Cap Value Fund	14.58%	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 LSSCX and LSGBX in my portfolio?

LSSCX and LSGBX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSSCX or LSGBX?

LSSCX has higher volatility (4.34%) compared to LSGBX (1.33%). In terms of maximum drawdown, LSSCX dropped -54.28% vs LSGBX's -26.86%.

Which has better risk-adjusted returns?

LSSCX currently has the higher Sharpe Ratio (2.17 vs 0.39), 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.