KCEIX vs. LSEIX

Last updated Aug 1, 2026

KCEIX (Knights of Columbus Long/Short Equity Fund) and LSEIX (Persimmon Long/Short Fund) are both Long-Short funds. Over the past 5 years, KCEIX returned 10.57%/yr vs 9.63%/yr for LSEIX. Their 0.32 correlation means their historical movements had little consistent relationship. KCEIX charges 1.50%/yr vs 1.91%/yr for LSEIX.

Performance

KCEIX vs. LSEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Knights of Columbus Long/Short Equity Fund (KCEIX) and Persimmon Long/Short Fund (LSEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KCEIX achieves a 11.56% return, which is significantly higher than LSEIX's 9.57% return.

KCEIX

• 1D: -1.14%
• 1M: 3.13%
• 6M: 10.85%
• YTD: 11.56%
• 1Y: 16.72%
• 3Y*: 11.38%
• 5Y*: 10.57%
• 10Y*: —
• ALL TIME*: 7.32%

LSEIX

• 1D: 1.28%
• 1M: 1.12%
• 6M: 6.92%
• YTD: 9.57%
• 1Y: 19.12%
• 3Y*: 15.04%
• 5Y*: 9.63%
• 10Y*: 7.46%
• ALL TIME*: 6.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KCEIX Knights of Columbus Long/Short Equity Fund	$0.00	$0.00	$0.00
LSEIX Persimmon Long/Short Fund	$0.00	$0.00	$0.00

KCEIX vs. LSEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KCEIX Knights of Columbus Long/Short Equity Fund	11.56%	5.51%	15.09%	2.84%	10.41%	16.74%	-11.05%	0.20%
LSEIX Persimmon Long/Short Fund	9.57%	12.02%	17.36%	15.70%	-9.95%	14.67%	8.13%	1.86%

Correlation

The correlation between KCEIX and LSEIX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (3Y) Balances recent behavior with more history.	0.31
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019	0.32

Over the past year, the correlation between KCEIX and LSEIX has dropped to 0.05 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.

Return for Risk

KCEIX vs. LSEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KCEIX

KCEIX Risk / Return Rank: 96
KCEIX Sharpe Ratio Rank: 96
KCEIX Sortino Ratio Rank: 96
KCEIX Omega Ratio Rank: 92
KCEIX Calmar Ratio Rank: 98
KCEIX Martin Ratio Rank: 97

LSEIX

LSEIX Risk / Return Rank: 85
LSEIX Sharpe Ratio Rank: 79
LSEIX Sortino Ratio Rank: 76
LSEIX Omega Ratio Rank: 77
LSEIX Calmar Ratio Rank: 95
LSEIX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KCEIX vs. LSEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Long/Short Equity Fund (KCEIX) and Persimmon Long/Short Fund (LSEIX). 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.

	KCEIX	LSEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.89	+0.83
Sortino ratio: Return per unit of downside risk	4.11	2.65	+1.47
Omega ratio: Gain probability vs. loss probability	1.52	1.35	+0.16
Calmar ratio: Return relative to maximum drawdown	6.27	4.24	+2.02
Martin ratio: Return relative to average drawdown	19.56	16.83	+2.73

KCEIX vs. LSEIX - Sharpe Ratio Comparison

The current KCEIX Sharpe Ratio is 2.72, which is higher than the LSEIX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of KCEIX and LSEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KCEIX vs. LSEIX - Drawdown Comparison

The maximum KCEIX drawdown since its inception was -16.07%, smaller than the maximum LSEIX drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for KCEIX and LSEIX.

Drawdown Indicators

	KCEIX	LSEIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.07%	-19.92%	+3.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-3.90%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-6.12%	-13.63%	+7.51%
Max Drawdown (5Y) Largest decline over 5 years	-7.12%	-13.63%	+6.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.92%	—
Current Drawdown Current decline from peak	-1.14%	0.00%	-1.14%
Average Drawdown Average peak-to-trough decline	-3.40%	-4.00%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.00%	-0.10%

Volatility

KCEIX vs. LSEIX - Volatility Comparison

Knights of Columbus Long/Short Equity Fund (KCEIX) has a higher volatility of 2.84% compared to Persimmon Long/Short Fund (LSEIX) at 1.95%. This indicates that KCEIX's price experiences larger fluctuations and is considered to be riskier than LSEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KCEIX	LSEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	1.95%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	5.42%	5.67%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	6.62%	8.76%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.90%	10.89%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.09%	10.69%	-2.60%

KCEIX vs. LSEIX - Expense Ratio Comparison

KCEIX has a 1.50% expense ratio, which is lower than LSEIX's 1.91% expense ratio.

Dividends

KCEIX vs. LSEIX - Dividend Comparison

KCEIX's dividend yield for the trailing twelve months is around 1.48%, while LSEIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KCEIX Knights of Columbus Long/Short Equity Fund	1.48%	1.66%	2.35%	2.20%	7.60%	0.00%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%
LSEIX Persimmon Long/Short Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.23%	3.49%	6.18%	0.00%	4.88%

Frequently Asked Questions

Can I hold both KCEIX and LSEIX in my portfolio?

KCEIX and LSEIX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KCEIX or LSEIX?

KCEIX has higher volatility (2.84%) compared to LSEIX (1.95%). In terms of maximum drawdown, KCEIX dropped -16.07% vs LSEIX's -19.92%.

Which has better risk-adjusted returns?

KCEIX currently has the higher Sharpe Ratio (2.72 vs 1.89), 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.