CAPEX vs. AQEIX

Last updated Jun 4, 2026

CAPEX (Eaton Vance Tax Managed Growth 1.0 Fund) and AQEIX (LKCM Aquinas Catholic Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, CAPEX returned 15.23%/yr vs 10.81%/yr for AQEIX. Their correlation of 0.92 suggests significant overlap in exposure. CAPEX charges 0.45%/yr vs 1.00%/yr for AQEIX.

Performance

CAPEX vs. AQEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and LKCM Aquinas Catholic Equity Fund (AQEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAPEX achieves a 8.85% return, which is significantly higher than AQEIX's 3.05% return. Over the past 10 years, CAPEX has outperformed AQEIX with an annualized return of 15.23%, while AQEIX has yielded a comparatively lower 10.81% annualized return.

CAPEX

• 1D: -0.24%
• 1M: 4.21%
• YTD: 8.85%
• 6M: 8.51%
• 1Y: 24.08%
• 3Y*: 21.72%
• 5Y*: 13.15%
• 10Y*: 15.23%

AQEIX

• 1D: -0.60%
• 1M: 0.61%
• YTD: 3.05%
• 6M: 1.81%
• 1Y: 9.35%
• 3Y*: 10.69%
• 5Y*: 5.41%
• 10Y*: 10.81%

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

CAPEX vs. AQEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund	8.85%	16.83%	25.45%	28.62%	-19.92%	25.05%	23.49%	29.70%	-4.95%	22.72%
AQEIX LKCM Aquinas Catholic Equity Fund	3.05%	6.72%	13.29%	14.08%	-18.24%	25.35%	24.23%	30.51%	-8.03%	20.80%

Correlation

The correlation between CAPEX and AQEIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.92

The correlation between CAPEX and AQEIX shifts across timeframes, from 0.82 (1 year) to 0.93 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

CAPEX vs. AQEIX — Risk / Return Rank

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

CAPEX

CAPEX Risk / Return Rank: 46
CAPEX Sharpe Ratio Rank: 47
CAPEX Sortino Ratio Rank: 45
CAPEX Omega Ratio Rank: 45
CAPEX Calmar Ratio Rank: 38
CAPEX Martin Ratio Rank: 52

AQEIX

AQEIX Risk / Return Rank: 14
AQEIX Sharpe Ratio Rank: 12
AQEIX Sortino Ratio Rank: 12
AQEIX Omega Ratio Rank: 11
AQEIX Calmar Ratio Rank: 17
AQEIX Martin Ratio Rank: 20

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.

CAPEX vs. AQEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and LKCM Aquinas Catholic Equity Fund (AQEIX). 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.

	CAPEX	AQEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	0.93	+1.09
Sortino ratio: Return per unit of downside risk	2.84	1.35	+1.48
Omega ratio: Gain probability vs. loss probability	1.36	1.16	+0.20
Calmar ratio: Return relative to maximum drawdown	2.34	1.47	+0.87
Martin ratio: Return relative to average drawdown	10.65	5.32	+5.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAPEX vs. AQEIX - Sharpe Ratio Comparison

The current CAPEX Sharpe Ratio is 2.02, which is higher than the AQEIX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of CAPEX and AQEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CAPEX	AQEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	0.93	+1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.33	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.60	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.40	+0.17

Drawdowns

CAPEX vs. AQEIX - Drawdown Comparison

The maximum CAPEX drawdown since its inception was -51.71%, roughly equal to the maximum AQEIX drawdown of -54.20%. Use the drawdown chart below to compare losses from any high point for CAPEX and AQEIX.

Drawdown Indicators

	CAPEX	AQEIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.71%	-54.20%	+2.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-7.02%	-3.50%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-19.25%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-25.87%	-24.51%	-1.36%
Max Drawdown (10Y) Largest decline over 10 years	-32.94%	-33.65%	+0.71%
Current Drawdown Current decline from peak	-0.24%	-0.60%	+0.36%
Average Drawdown Average peak-to-trough decline	-8.38%	-8.70%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.94%	+0.37%

Volatility

CAPEX vs. AQEIX - Volatility Comparison

Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and LKCM Aquinas Catholic Equity Fund (AQEIX) have volatilities of 3.01% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPEX	AQEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.95%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	7.94%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	11.08%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	16.56%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	18.15%	+0.20%

CAPEX vs. AQEIX - Expense Ratio Comparison

CAPEX has a 0.45% expense ratio, which is lower than AQEIX's 1.00% expense ratio.

Dividends

CAPEX vs. AQEIX - Dividend Comparison

CAPEX's dividend yield for the trailing twelve months is around 3.06%, less than AQEIX's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQEIX LKCM Aquinas Catholic Equity Fund	5.80%	5.98%	7.90%	2.63%	6.05%	12.61%	6.73%	10.98%	23.36%	8.24%	7.92%	7.69%
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund	3.06%	3.19%	2.40%	0.83%	0.97%	0.63%	0.88%	1.15%	1.36%	1.20%	1.41%	1.39%

Frequently Asked Questions

Can I hold both CAPEX and AQEIX in my portfolio?

CAPEX and AQEIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAPEX or AQEIX?

CAPEX has higher volatility (3.01%) compared to AQEIX (2.95%). In terms of maximum drawdown, CAPEX dropped -51.71% vs AQEIX's -54.20%.

Which has better risk-adjusted returns?

CAPEX currently has the higher Sharpe Ratio (2.02 vs 0.93), 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.