FIKOX vs. LKFIX

Last updated Jun 3, 2026

FIKOX (Fidelity Advisor Corporate Bond Fund Class Z) and LKFIX (LKCM Fixed Income Fund) are both Corporate Bonds funds. Over the past 5 years, FIKOX returned 0.47%/yr vs 1.59%/yr for LKFIX. Their correlation of 0.82 suggests significant overlap in exposure. FIKOX charges 0.36%/yr vs 0.50%/yr for LKFIX.

Performance

FIKOX vs. LKFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) and LKCM Fixed Income Fund (LKFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKOX achieves a 0.69% return, which is significantly higher than LKFIX's 0.19% return.

FIKOX

• 1D: -0.09%
• 1M: 0.47%
• YTD: 0.69%
• 6M: 0.70%
• 1Y: 6.40%
• 3Y*: 5.63%
• 5Y*: 0.47%
• 10Y*: —

LKFIX

• 1D: -0.09%
• 1M: -0.00%
• YTD: 0.19%
• 6M: 0.46%
• 1Y: 4.34%
• 3Y*: 4.47%
• 5Y*: 1.59%
• 10Y*: 2.06%

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

FIKOX vs. LKFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKOX Fidelity Advisor Corporate Bond Fund Class Z	0.69%	7.96%	2.83%	8.64%	-17.06%	-1.60%	10.91%	14.58%	0.53%
LKFIX LKCM Fixed Income Fund	0.19%	6.66%	3.06%	4.98%	-5.63%	-1.54%	4.29%	6.71%	0.80%

Correlation

The correlation between FIKOX and LKFIX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	0.82

The correlation between FIKOX and LKFIX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

FIKOX vs. LKFIX — Risk / Return Rank

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

FIKOX

FIKOX Risk / Return Rank: 26
FIKOX Sharpe Ratio Rank: 24
FIKOX Sortino Ratio Rank: 25
FIKOX Omega Ratio Rank: 22
FIKOX Calmar Ratio Rank: 30
FIKOX Martin Ratio Rank: 28

LKFIX

LKFIX Risk / Return Rank: 34
LKFIX Sharpe Ratio Rank: 31
LKFIX Sortino Ratio Rank: 34
LKFIX Omega Ratio Rank: 33
LKFIX Calmar Ratio Rank: 39
LKFIX Martin Ratio Rank: 34

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.

FIKOX vs. LKFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) 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.

	FIKOX	LKFIX	Difference
Sharpe ratio Return per unit of total volatility	1.41	1.61	-0.20
Sortino ratio Return per unit of downside risk	2.13	2.45	-0.32
Omega ratio Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio Return relative to maximum drawdown	2.07	2.40	-0.33
Martin ratio Return relative to average drawdown	6.83	7.77	-0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKOX vs. LKFIX - Sharpe Ratio Comparison

The current FIKOX Sharpe Ratio is 1.41, which is comparable to the LKFIX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of FIKOX and LKFIX, 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

	FIKOX	LKFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.61	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.54	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.25	-0.77

Drawdowns

FIKOX vs. LKFIX - Drawdown Comparison

The maximum FIKOX drawdown since its inception was -23.22%, which is greater than LKFIX's maximum drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for FIKOX and LKFIX.

Drawdown Indicators

	FIKOX	LKFIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.22%	-8.97%	-14.25%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-1.76%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-6.56%	-2.19%	-4.37%
Max Drawdown (5Y) Largest decline over 5 years	-23.22%	-8.60%	-14.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-8.97%	—
Current Drawdown Current decline from peak	-0.92%	-0.83%	-0.09%
Average Drawdown Average peak-to-trough decline	-6.66%	-1.12%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.55%	+0.43%

Volatility

FIKOX vs. LKFIX - Volatility Comparison

Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) has a higher volatility of 1.47% compared to LKCM Fixed Income Fund (LKFIX) at 1.02%. This indicates that FIKOX'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.

Volatility by Period

	FIKOX	LKFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	1.02%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	1.88%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.33%	2.58%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.70%	2.98%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.54%	2.64%	+3.90%

FIKOX vs. LKFIX - Expense Ratio Comparison

FIKOX has a 0.36% expense ratio, which is lower than LKFIX's 0.50% expense ratio.

Dividends

FIKOX vs. LKFIX - Dividend Comparison

FIKOX's dividend yield for the trailing twelve months is around 4.32%, more than LKFIX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKOX Fidelity Advisor Corporate Bond Fund Class Z	4.32%	4.20%	4.05%	3.51%	2.62%	2.90%	3.47%	3.37%	0.98%	0.00%	0.00%	0.00%
LKFIX LKCM Fixed Income Fund	3.69%	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

Can I hold both FIKOX and LKFIX in my portfolio?

FIKOX and LKFIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKOX or LKFIX?

FIKOX has higher volatility (1.47%) compared to LKFIX (1.02%). In terms of maximum drawdown, FIKOX dropped -23.22% vs LKFIX's -8.97%.

Which has better risk-adjusted returns?

LKFIX currently has the higher Sharpe Ratio (1.61 vs 1.41), 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.