NEFZX vs. NEFRX
NEFZX (Loomis Sayles Strategic Income Fund) and NEFRX (Loomis Sayles Core Plus Bond Fund) are both mutual funds - NEFZX is a Multisector Bonds fund managed by Natixis, while NEFRX is a Intermediate Core-Plus Bond fund managed by Natixis. Over the past 10 years, NEFZX returned 3.24%/yr vs 2.12%/yr for NEFRX. A 0.55 correlation means they provide meaningful diversification when combined. NEFZX charges 0.95%/yr vs 0.71%/yr for NEFRX.
Performance
NEFZX vs. NEFRX - Performance Comparison
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Returns By Period
In the year-to-date period, NEFZX achieves a -0.38% return, which is significantly lower than NEFRX's 0.31% return. Over the past 10 years, NEFZX has outperformed NEFRX with an annualized return of 3.24%, while NEFRX has yielded a comparatively lower 2.12% annualized return.
NEFZX
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- -0.38%
- 6M
- -0.06%
- 1Y
- 4.06%
- 3Y*
- 7.20%
- 5Y*
- 2.02%
- 10Y*
- 3.24%
NEFRX
- 1D
- 0.00%
- 1M
- 0.80%
- YTD
- 0.31%
- 6M
- 0.40%
- 1Y
- 4.00%
- 3Y*
- 3.53%
- 5Y*
- -0.06%
- 10Y*
- 2.12%
NEFZX vs. NEFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEFZX Loomis Sayles Strategic Income Fund | -0.38% | 8.92% | 7.05% | 8.02% | -12.82% | 3.85% | 1.15% | 10.84% | -3.00% | 7.22% |
NEFRX Loomis Sayles Core Plus Bond Fund | 0.31% | 7.24% | 0.60% | 5.91% | -12.94% | -1.68% | 10.29% | 8.76% | -0.86% | 4.92% |
Correlation
The correlation between NEFZX and NEFRX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 1995 | 0.55 |
Over the past year, NEFZX and NEFRX have become more correlated (0.83) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
NEFZX vs. NEFRX — Risk / Return Rank
NEFZX
NEFRX
NEFZX vs. NEFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Strategic Income Fund (NEFZX) and Loomis Sayles Core Plus Bond Fund (NEFRX). 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.
| NEFZX | NEFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.81 | -0.48 |
| Martin ratioReturn relative to average drawdown | 4.14 | 4.89 | -0.75 |
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Drawdowns
NEFZX vs. NEFRX - Drawdown Comparison
The maximum NEFZX drawdown since its inception was -32.07%, which is greater than NEFRX's maximum drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for NEFZX and NEFRX.
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Drawdown Indicators
| NEFZX | NEFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -25.45% | -6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -2.92% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.88% | -7.95% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -18.55% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | -18.76% | +1.55% |
Current DrawdownCurrent decline from peak | -2.10% | -1.89% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -3.96% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.05% | +0.19% |
Volatility
NEFZX vs. NEFRX - Volatility Comparison
Loomis Sayles Strategic Income Fund (NEFZX) has a higher volatility of 1.39% compared to Loomis Sayles Core Plus Bond Fund (NEFRX) at 1.09%. This indicates that NEFZX's price experiences larger fluctuations and is considered to be riskier than NEFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEFZX | NEFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.09% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.58% | 2.81% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 4.13% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 6.24% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 5.04% | +0.23% |
NEFZX vs. NEFRX - Expense Ratio Comparison
NEFZX has a 0.95% expense ratio, which is higher than NEFRX's 0.71% expense ratio.
Dividends
NEFZX vs. NEFRX - Dividend Comparison
NEFZX's dividend yield for the trailing twelve months is around 3.97%, more than NEFRX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEFRX Loomis Sayles Core Plus Bond Fund | 3.61% | 3.97% | 3.90% | 3.58% | 3.10% | 2.34% | 4.04% | 2.51% | 2.87% | 2.68% | 3.17% | 2.58% |
NEFZX Loomis Sayles Strategic Income Fund | 3.97% | 3.83% | 5.60% | 5.37% | 6.34% | 2.64% | 4.20% | 3.51% | 4.28% | 4.06% | 4.76% | 10.22% |
Frequently Asked Questions
NEFZX and NEFRX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEFZX has higher volatility (1.39%) compared to NEFRX (1.09%). In terms of maximum drawdown, NEFZX dropped -32.07% vs NEFRX's -25.45%.
NEFRX currently has the higher Sharpe Ratio (1.28 vs 1.23), 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.
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