FCBAX vs. LKFIX
FCBAX (Fidelity Advisor Corporate Bond Fund Class A) and LKFIX (LKCM Fixed Income Fund) are both Corporate Bonds funds. Over the past 10 years, FCBAX returned 1.97%/yr vs 1.93%/yr for LKFIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. FCBAX charges 0.77%/yr vs 0.50%/yr for LKFIX.
Performance
FCBAX vs. LKFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCBAX achieves a -1.14% return, which is significantly lower than LKFIX's -0.07% return. Both investments have delivered pretty close results over the past 10 years, with FCBAX having a 1.97% annualized return and LKFIX not far behind at 1.93%.
FCBAX
- 1D
- 0.19%
- 1M
- -1.69%
- 6M
- -1.38%
- YTD
- -1.14%
- 1Y
- 1.32%
- 3Y*
- 4.18%
- 5Y*
- -0.88%
- 10Y*
- 1.97%
- ALL TIME*
- 3.41%
LKFIX
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- -0.17%
- YTD
- -0.07%
- 1Y
- 2.09%
- 3Y*
- 4.33%
- 5Y*
- 1.49%
- 10Y*
- 1.93%
- ALL TIME*
- 3.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCBAX vs. LKFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.14% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
LKFIX LKCM Fixed Income Fund | -0.07% | 6.66% | 3.06% | 4.98% | -5.63% | -1.54% | 4.29% | 6.71% | 0.26% | 2.15% |
Correlation
The correlation between FCBAX and LKFIX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | 0.79 |
The correlation between FCBAX and LKFIX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCBAX vs. LKFIX — Risk / Return Rank
FCBAX
LKFIX
FCBAX vs. LKFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and LKCM Fixed Income Fund (LKFIX). 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.
| FCBAX | LKFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.52 | -0.82 |
| Martin ratioReturn relative to average drawdown | 1.90 | 4.11 | -2.22 |
Loading charts...
Drawdowns
FCBAX vs. LKFIX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -23.56%, which is greater than LKFIX's maximum drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for FCBAX and LKFIX.
Loading charts...
Drawdown Indicators
| FCBAX | LKFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -8.97% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -1.76% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -2.19% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -8.52% | -14.92% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -8.97% | -14.59% |
Current DrawdownCurrent decline from peak | -4.70% | -1.09% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -1.11% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.65% | +0.57% |
Volatility
FCBAX vs. LKFIX - Volatility Comparison
Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a higher volatility of 1.09% compared to LKCM Fixed Income Fund (LKFIX) at 0.56%. This indicates that FCBAX's price experiences larger fluctuations and is considered to be riskier than LKFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCBAX | LKFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.56% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 1.98% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 2.51% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 3.00% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 2.64% | +3.31% |
FCBAX vs. LKFIX - Expense Ratio Comparison
FCBAX has a 0.77% expense ratio, which is higher than LKFIX's 0.50% expense ratio.
Dividends
FCBAX vs. LKFIX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.68%, less than LKFIX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.68% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
LKFIX LKCM Fixed Income Fund | 3.84% | 3.57% | 3.03% | 2.28% | 1.57% | 1.36% | 1.74% | 2.27% | 2.26% | 2.04% | 2.18% | 2.78% |
Frequently Asked Questions
FCBAX and LKFIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCBAX has higher volatility (1.09%) compared to LKFIX (0.56%). In terms of maximum drawdown, FCBAX dropped -23.56% vs LKFIX's -8.97%.
LKFIX currently has the higher Sharpe Ratio (1.07 vs 0.56), 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.
Find the right allocation for FCBAX and LKFIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer