LCCMX vs. ICMUX
LCCMX (Leader Short Term High Yield Bond Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - LCCMX is a Short-Term Bond fund managed by LEADER, while ICMUX is a Multisector Bonds fund managed by Intrepid Funds. Over the past 10 years, LCCMX returned 4.27%/yr vs 5.83%/yr for ICMUX. At a 0.29 correlation, their price movements are largely independent. LCCMX charges 2.55%/yr vs 0.91%/yr for ICMUX.
Performance
LCCMX vs. ICMUX - Performance Comparison
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Returns By Period
In the year-to-date period, LCCMX achieves a 3.89% return, which is significantly higher than ICMUX's 2.32% return. Over the past 10 years, LCCMX has underperformed ICMUX with an annualized return of 4.27%, while ICMUX has yielded a comparatively higher 5.83% annualized return.
LCCMX
- 1D
- -0.12%
- 1M
- 0.71%
- YTD
- 3.89%
- 6M
- 4.66%
- 1Y
- 11.06%
- 3Y*
- 13.94%
- 5Y*
- 5.71%
- 10Y*
- 4.27%
ICMUX
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 2.32%
- 6M
- 2.70%
- 1Y
- 7.67%
- 3Y*
- 9.67%
- 5Y*
- 6.25%
- 10Y*
- 5.83%
LCCMX vs. ICMUX - 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% |
ICMUX Intrepid Income Fund | 2.32% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between LCCMX and ICMUX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.29 |
The correlation between LCCMX and ICMUX shifts across timeframes, from 0.15 (3 years) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LCCMX vs. ICMUX — Risk / Return Rank
LCCMX
ICMUX
LCCMX vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leader Short Term High Yield Bond Fund (LCCMX) and Intrepid Income Fund (ICMUX). 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.
| LCCMX | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 2.04 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 5.92 | -2.97 |
| Martin ratioReturn relative to average drawdown | 10.43 | 20.66 | -10.24 |
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Drawdowns
LCCMX vs. ICMUX - Drawdown Comparison
The maximum LCCMX drawdown since its inception was -24.57%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for LCCMX and ICMUX.
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Drawdown Indicators
| LCCMX | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.57% | -8.77% | -15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -1.34% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.76% | -3.11% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.20% | -5.64% | -13.56% |
Max Drawdown (10Y)Largest decline over 10 years | -24.57% | -8.77% | -15.80% |
Current DrawdownCurrent decline from peak | -0.24% | -0.11% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -0.74% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.38% | +0.68% |
Volatility
LCCMX vs. ICMUX - Volatility Comparison
Leader Short Term High Yield Bond Fund (LCCMX) has a higher volatility of 0.62% compared to Intrepid Income Fund (ICMUX) at 0.55%. This indicates that LCCMX's price experiences larger fluctuations and is considered to be riskier than ICMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCCMX | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.55% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 1.43% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 1.94% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 2.66% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 2.58% | +3.76% |
LCCMX vs. ICMUX - Expense Ratio Comparison
LCCMX has a 2.55% expense ratio, which is higher than ICMUX's 0.91% expense ratio.
Dividends
LCCMX vs. ICMUX - Dividend Comparison
LCCMX's dividend yield for the trailing twelve months is around 8.53%, more than ICMUX's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | 7.55% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
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
LCCMX and ICMUX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCCMX has higher volatility (0.62%) compared to ICMUX (0.55%). In terms of maximum drawdown, LCCMX dropped -24.57% vs ICMUX's -8.77%.
ICMUX currently has the higher Sharpe Ratio (4.09 vs 2.45), 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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