LCCMX vs. ASHAX

Last updated Jun 4, 2026

LCCMX (Leader Short Term High Yield Bond Fund) and ASHAX (Virtus Newfleet Short Duration High Income Fund Class A) are both Short-Term Bond funds. Over the past 10 years, LCCMX returned 4.26%/yr vs 4.65%/yr for ASHAX. At a 0.35 correlation, their price movements are largely independent. LCCMX charges 2.55%/yr vs 0.86%/yr for ASHAX.

Performance

LCCMX vs. ASHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leader Short Term High Yield Bond Fund (LCCMX) and Virtus Newfleet Short Duration High Income Fund Class A (ASHAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCCMX achieves a 3.89% return, which is significantly higher than ASHAX's 1.65% return. Over the past 10 years, LCCMX has underperformed ASHAX with an annualized return of 4.26%, while ASHAX has yielded a comparatively higher 4.65% annualized return.

LCCMX

• 1D: 0.00%
• 1M: 1.19%
• YTD: 3.89%
• 6M: 6.59%
• 1Y: 11.06%
• 3Y*: 14.65%
• 5Y*: 6.13%
• 10Y*: 4.26%

ASHAX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 1.65%
• 6M: 1.97%
• 1Y: 5.64%
• 3Y*: 7.61%
• 5Y*: 4.58%
• 10Y*: 4.65%

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

LCCMX vs. ASHAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCCMX Leader Short Term High Yield Bond Fund	3.89%	9.73%	18.51%	13.73%	-13.30%	1.30%	7.52%	0.65%	2.35%	1.89%
ASHAX Virtus Newfleet Short Duration High Income Fund Class A	1.65%	6.26%	7.32%	12.30%	-5.49%	5.12%	5.71%	7.11%	-0.29%	3.99%

Correlation

The correlation between LCCMX and ASHAX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011	0.35

The correlation between LCCMX and ASHAX shifts across timeframes, from 0.16 (3 years) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LCCMX vs. ASHAX — Risk / Return Rank

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

LCCMX

LCCMX Risk / Return Rank: 75
LCCMX Sharpe Ratio Rank: 71
LCCMX Sortino Ratio Rank: 96
LCCMX Omega Ratio Rank: 97
LCCMX Calmar Ratio Rank: 59
LCCMX Martin Ratio Rank: 51

ASHAX

ASHAX Risk / Return Rank: 79
ASHAX Sharpe Ratio Rank: 64
ASHAX Sortino Ratio Rank: 91
ASHAX Omega Ratio Rank: 85
ASHAX Calmar Ratio Rank: 71
ASHAX Martin Ratio Rank: 85

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.

LCCMX vs. ASHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leader Short Term High Yield Bond Fund (LCCMX) and Virtus Newfleet Short Duration High Income Fund Class A (ASHAX). 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.

	LCCMX	ASHAX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.37	+0.09
Sortino ratio: Return per unit of downside risk	5.36	4.56	+0.81
Omega ratio: Gain probability vs. loss probability	2.01	1.59	+0.42
Calmar ratio: Return relative to maximum drawdown	2.96	3.27	-0.32
Martin ratio: Return relative to average drawdown	10.42	16.19	-5.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCCMX vs. ASHAX - Sharpe Ratio Comparison

The current LCCMX Sharpe Ratio is 2.46, which is comparable to the ASHAX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of LCCMX and ASHAX, 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

	LCCMX	ASHAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.37	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	1.34	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	1.13	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.31	-0.49

Drawdowns

LCCMX vs. ASHAX - Drawdown Comparison

The maximum LCCMX drawdown since its inception was -24.57%, which is greater than ASHAX's maximum drawdown of -19.60%. Use the drawdown chart below to compare losses from any high point for LCCMX and ASHAX.

Drawdown Indicators

	LCCMX	ASHAX	Difference
Max Drawdown Largest peak-to-trough decline	-24.57%	-19.60%	-4.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.76%	-1.75%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-3.76%	-3.19%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	-9.44%	-9.76%
Max Drawdown (10Y) Largest decline over 10 years	-24.57%	-19.60%	-4.97%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.80%	-1.02%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	0.35%	+0.71%

Volatility

LCCMX vs. ASHAX - Volatility Comparison

The current volatility for Leader Short Term High Yield Bond Fund (LCCMX) is 0.68%, while Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) has a volatility of 0.79%. This indicates that LCCMX experiences smaller price fluctuations and is considered to be less risky than ASHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCCMX	ASHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	0.79%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	4.06%	2.03%	+2.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	2.42%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.84%	3.42%	+2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	4.14%	+2.21%

LCCMX vs. ASHAX - Expense Ratio Comparison

LCCMX has a 2.55% expense ratio, which is higher than ASHAX's 0.86% expense ratio.

Dividends

LCCMX vs. ASHAX - Dividend Comparison

LCCMX's dividend yield for the trailing twelve months is around 8.53%, more than ASHAX's 6.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHAX Virtus Newfleet Short Duration High Income Fund Class A	6.25%	6.36%	6.68%	6.12%	5.90%	5.23%	5.61%	4.56%	4.99%	4.68%	5.08%	5.84%
LCCMX Leader Short Term High Yield Bond Fund	8.53%	8.93%	10.39%	8.55%	5.68%	2.11%	2.11%	2.98%	2.89%	2.10%	2.01%	2.75%

Frequently Asked Questions

Can I hold both LCCMX and ASHAX in my portfolio?

LCCMX and ASHAX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCCMX or ASHAX?

ASHAX has higher volatility (0.79%) compared to LCCMX (0.68%). In terms of maximum drawdown, LCCMX dropped -24.57% vs ASHAX's -19.60%.

Which has better risk-adjusted returns?

LCCMX currently has the higher Sharpe Ratio (2.46 vs 2.37), 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.