- ISIN
- US5272891020
- CUSIP
- 527289102
- Issuer
- Leuthold
- Inception Date
- Nov 19, 1995
- Category
- Tactical Allocation
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LCORX Performance Chart
Leuthold Core Investment Fund (LCORX) is up 5.7% since the beginning of the year. LCORX is currently trading at $24 per share. Investors who bought $1,000 worth of LCORX shares 5 years ago would now be looking at an investment worth $1,456.
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Returns By Period
Leuthold Core Investment Fund (LCORX) has returned 5.68% so far this year and 15.86% over the past 12 months. Over the last ten years, LCORX has returned 7.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Leuthold Core Investment Fund
- 1D
- -0.38%
- 1M
- -0.25%
- YTD
- 5.68%
- 6M
- 4.94%
- 1Y
- 15.86%
- 3Y*
- 11.82%
- 5Y*
- 7.80%
- 10Y*
- 7.98%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LCORX Monthly Returns History
Based on dividend-adjusted daily data since Nov 17, 1995, LCORX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Feb 2000 with a return of +8.7%, while the worst month was Oct 2008 at -15.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LCORX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +9.8%, while the worst single day was Oct 15, 2008 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.12% | 3.12% | -4.67% | 4.52% | 1.78% | -1.04% | 5.68% | ||||||
| 2025 | 4.17% | -2.34% | -2.48% | 1.04% | 3.29% | 3.46% | -0.35% | 3.36% | 3.37% | -1.33% | 0.99% | 0.64% | 14.39% |
| 2024 | 1.61% | 2.61% | 2.56% | -4.36% | 2.74% | 0.19% | 3.67% | 0.70% | 1.15% | -1.77% | 4.10% | -4.98% | 8.01% |
| 2023 | 2.45% | -1.90% | 0.79% | 0.64% | -0.64% | 4.43% | 1.43% | -0.94% | -2.63% | -0.63% | 4.88% | 3.58% | 11.71% |
| 2022 | -2.96% | -0.90% | -0.32% | -2.90% | 2.15% | -5.72% | 3.30% | -2.02% | -4.02% | 5.09% | 3.99% | -2.06% | -6.78% |
| 2021 | -0.05% | 2.05% | 4.02% | 2.97% | 1.96% | -1.37% | 1.69% | 1.20% | -3.37% | 3.10% | -0.27% | 2.54% | 15.19% |
Benchmark Metrics
Leuthold Core Investment Fund has an annualized alpha of 3.72%, beta of 0.48, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since November 17, 1995.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (57.23%) than losses (51.37%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.72% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.48 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.72%
- Beta
- 0.48
- R²
- 0.66
- Upside Capture
- 57.23%
- Downside Capture
- 51.37%
Expense Ratio
LCORX has a high expense ratio of 1.16%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LCORX ranks 44 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Leuthold Core Investment Fund (LCORX) and compare them to S&P 500 Index.
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.
| LCORX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.78 | -0.36 |
| Martin ratioReturn relative to average drawdown | 9.20 | 12.44 | -3.24 |
Dividends
Dividend History
Leuthold Core Investment Fund provided a 7.55% dividend yield over the last twelve months, with an annual payout of $1.79 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.79 | $1.79 | $1.50 | $1.17 | $1.44 | $1.15 | $0.05 | $0.36 | $1.87 | $0.66 | $0.08 | $0.69 |
Dividend yield | 7.55% | 7.93% | 7.03% | 5.57% | 7.20% | 5.00% | 0.24% | 1.89% | 10.74% | 3.22% | 0.45% | 3.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Leuthold Core Investment Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.17 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $1.55 | $0.00 | $1.79 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.14 | $0.00 | $1.13 | $0.08 | $1.50 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.91 | $0.08 | $1.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $0.00 | $1.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $0.00 | $1.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Leuthold Core Investment Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Leuthold Core Investment Fund was 41.31%, occurring on Nov 20, 2008. Recovery took 1083 trading sessions.
The current Leuthold Core Investment Fund drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -41.31%Nov 2008 | 6mo 5d | 4y 3mo | 4y 10moMay 2008 - Mar 2013 |
Dot-com crash2000–2002 | -27.42%Oct 2002 | 1y 4mo | 10mo 15d | 2y 3moMay 2001 - Aug 2003 |
COVID crash2020 | -19.38%Mar 2020 | 1mo 2d | 4mo 13d | 5mo 15dFeb 2020 - Aug 2020 |
Bear market2022 | -13.88%Sep 2022 | 8mo 24d | 1y 1mo | 1y 10moJan 2022 - Nov 2023 |
Rate-hike selloffLate 2018 | -13.70%Dec 2018 | 10mo 29d | 1y 24d | 1y 11moJan 2018 - Jan 2020 |
Drawdown Indicators
| LCORX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.31% | -56.78% | +15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -9.10% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -9.98% | -18.90% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | -25.43% | +11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -33.92% | +14.54% |
Current DrawdownCurrent decline from peak | -1.98% | -1.80% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -10.71% | +5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.03% | -0.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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