LBETX vs. WFSPX
LBETX (LGM Risk Managed Total Return Fund) and WFSPX (iShares S&P 500 Index Fund Class K) are both mutual funds - LBETX is a Diversified Portfolio fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, LBETX returned 4.73%/yr vs 13.02%/yr for WFSPX. A 0.67 correlation means they provide meaningful diversification when combined. LBETX charges 2.32%/yr vs 0.03%/yr for WFSPX.
Performance
LBETX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, LBETX achieves a 3.57% return, which is significantly lower than WFSPX's 9.95% return.
LBETX
- 1D
- -0.34%
- 1M
- -0.67%
- 6M
- 3.48%
- YTD
- 3.57%
- 1Y
- 5.61%
- 3Y*
- 8.16%
- 5Y*
- 4.73%
- 10Y*
- —
WFSPX
- 1D
- 0.00%
- 1M
- -0.83%
- 6M
- 9.72%
- YTD
- 9.95%
- 1Y
- 20.52%
- 3Y*
- 20.42%
- 5Y*
- 13.02%
- 10Y*
- 15.32%
LBETX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LBETX LGM Risk Managed Total Return Fund | 3.57% | 2.15% | 10.79% | 9.45% | -1.48% | 3.85% | -11.03% | 7.96% | 5.83% | 1.67% |
WFSPX iShares S&P 500 Index Fund Class K | 9.95% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 10.67% |
Correlation
The correlation between LBETX and WFSPX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.67 |
The correlation between LBETX and WFSPX shifts across timeframes, from 0.67 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LBETX vs. WFSPX — Risk / Return Rank
LBETX
WFSPX
LBETX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LGM Risk Managed Total Return Fund (LBETX) and iShares S&P 500 Index Fund Class K (WFSPX). 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.
| LBETX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.43 | -1.27 |
| Martin ratioReturn relative to average drawdown | 5.46 | 10.69 | -5.23 |
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Drawdowns
LBETX vs. WFSPX - Drawdown Comparison
The maximum LBETX drawdown since its inception was -18.47%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for LBETX and WFSPX.
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Drawdown Indicators
| LBETX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.47% | -58.21% | +39.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.91% | -8.90% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -18.74% | +11.81% |
Max Drawdown (5Y)Largest decline over 5 years | -6.93% | -24.51% | +17.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.74% | — |
Current DrawdownCurrent decline from peak | -0.83% | -1.55% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -12.75% | +7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.02% | -0.97% |
Volatility
LBETX vs. WFSPX - Volatility Comparison
The current volatility for LGM Risk Managed Total Return Fund (LBETX) is 2.43%, while iShares S&P 500 Index Fund Class K (WFSPX) has a volatility of 5.00%. This indicates that LBETX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBETX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 5.00% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 9.95% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 12.53% | -7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 16.99% | -11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 18.01% | -11.92% |
LBETX vs. WFSPX - Expense Ratio Comparison
LBETX has a 2.32% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
LBETX vs. WFSPX - Dividend Comparison
LBETX's dividend yield for the trailing twelve months is around 0.36%, less than WFSPX's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBETX LGM Risk Managed Total Return Fund | 0.36% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 6.15% | 3.88% | 5.51% | 1.64% | 0.00% | 0.00% |
WFSPX iShares S&P 500 Index Fund Class K | 1.66% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
LBETX and WFSPX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFSPX has higher volatility (5.00%) compared to LBETX (2.43%). In terms of maximum drawdown, LBETX dropped -18.47% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (1.73 vs 1.21), 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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