BIGTX vs. LLSCX
BIGTX (The Texas Fund) and LLSCX (Longleaf Partners Small-Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, BIGTX returned 10.22%/yr vs 5.89%/yr for LLSCX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. BIGTX charges 1.67%/yr vs 0.95%/yr for LLSCX.
Performance
BIGTX vs. LLSCX - Performance Comparison
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Returns By Period
In the year-to-date period, BIGTX achieves a 18.85% return, which is significantly higher than LLSCX's -3.33% return. Over the past 10 years, BIGTX has outperformed LLSCX with an annualized return of 10.22%, while LLSCX has yielded a comparatively lower 5.89% annualized return.
BIGTX
- 1D
- 0.86%
- 1M
- -0.68%
- 6M
- 10.54%
- YTD
- 18.85%
- 1Y
- 23.64%
- 3Y*
- 14.65%
- 5Y*
- 9.33%
- 10Y*
- 10.22%
- ALL TIME*
- 6.38%
LLSCX
- 1D
- -0.04%
- 1M
- 1.11%
- 6M
- -5.03%
- YTD
- -3.33%
- 1Y
- 1.02%
- 3Y*
- 5.53%
- 5Y*
- 1.99%
- 10Y*
- 5.89%
- ALL TIME*
- 9.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BIGTX The Texas Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
BIGTX vs. LLSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIGTX The Texas Fund | 18.85% | 5.98% | 15.76% | 11.32% | -6.93% | 23.90% | 13.11% | 9.61% | -11.44% | 11.58% |
LLSCX Longleaf Partners Small-Cap Fund | -3.33% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
Correlation
The correlation between BIGTX and LLSCX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.75 |
Over the past year, the correlation between BIGTX and LLSCX has dropped to 0.29 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
BIGTX vs. LLSCX — Risk / Return Rank
BIGTX
LLSCX
BIGTX vs. LLSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Texas Fund (BIGTX) and Longleaf Partners Small-Cap Fund (LLSCX). 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.
| BIGTX | LLSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | -0.07 | +2.52 |
| Martin ratioReturn relative to average drawdown | 7.63 | -0.15 | +7.78 |
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Drawdowns
BIGTX vs. LLSCX - Drawdown Comparison
The maximum BIGTX drawdown since its inception was -77.89%, which is greater than LLSCX's maximum drawdown of -63.97%. Use the drawdown chart below to compare losses from any high point for BIGTX and LLSCX.
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Drawdown Indicators
| BIGTX | LLSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.89% | -63.97% | -13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -11.44% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -77.89% | -15.40% | -62.49% |
Max Drawdown (5Y)Largest decline over 5 years | -77.89% | -26.67% | -51.22% |
Max Drawdown (10Y)Largest decline over 10 years | -77.89% | -42.23% | -35.66% |
Current DrawdownCurrent decline from peak | -66.96% | -7.59% | -59.37% |
Average DrawdownAverage peak-to-trough decline | -17.80% | -8.90% | -8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 5.63% | -2.77% |
Volatility
BIGTX vs. LLSCX - Volatility Comparison
The current volatility for The Texas Fund (BIGTX) is 4.81%, while Longleaf Partners Small-Cap Fund (LLSCX) has a volatility of 5.13%. This indicates that BIGTX experiences smaller price fluctuations and is considered to be less risky than LLSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIGTX | LLSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 5.13% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 10.25% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 13.34% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 126.66% | 17.03% | +109.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.64% | 24.58% | +66.06% |
BIGTX vs. LLSCX - Expense Ratio Comparison
BIGTX has a 1.67% expense ratio, which is higher than LLSCX's 0.95% expense ratio.
Dividends
BIGTX vs. LLSCX - Dividend Comparison
BIGTX's dividend yield for the trailing twelve months is around 6.23%, more than LLSCX's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIGTX The Texas Fund | 6.23% | 7.38% | 3.52% | 2.51% | 3.06% | 5.27% | 0.07% | 0.08% | 2.27% | 0.00% | 0.00% | 0.00% |
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Frequently Asked Questions
BIGTX and LLSCX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLSCX has higher volatility (5.13%) compared to BIGTX (4.81%). In terms of maximum drawdown, BIGTX dropped -77.89% vs LLSCX's -63.97%.
BIGTX currently has the higher Sharpe Ratio (1.47 vs -0.06), 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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