LCILX vs. LMSMX
LCILX (ClearBridge Sustainability Leaders Fund) and LMSMX (Western Asset SMASh Series M Fund) are both mutual funds - LCILX is a Large Cap Blend Equities fund managed by Legg Mason, while LMSMX is a Intermediate Core-Plus Bond fund managed by Legg Mason. Over the past 5 years, LCILX returned 7.02%/yr vs -2.43%/yr for LMSMX. Their 0.06 correlation means their historical movements had little consistent relationship. LCILX charges 0.75%/yr vs 0.00%/yr for LMSMX.
Performance
LCILX vs. LMSMX - Performance Comparison
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Returns By Period
In the year-to-date period, LCILX achieves a 9.23% return, which is significantly higher than LMSMX's 0.82% return.
LCILX
- 1D
- 1.32%
- 1M
- -1.35%
- 6M
- 8.24%
- YTD
- 9.23%
- 1Y
- 16.13%
- 3Y*
- 12.62%
- 5Y*
- 7.02%
- 10Y*
- 13.91%
- ALL TIME*
- 13.50%
LMSMX
- 1D
- 0.00%
- 1M
- -0.51%
- 6M
- 0.18%
- YTD
- 0.82%
- 1Y
- 4.29%
- 3Y*
- 5.35%
- 5Y*
- -2.43%
- 10Y*
- —
- ALL TIME*
- 1.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LCILX vs. LMSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCILX ClearBridge Sustainability Leaders Fund | 9.23% | 10.49% | 14.36% | 16.68% | -20.85% | 24.76% | 35.82% | 37.85% | -2.40% | 19.33% |
LMSMX Western Asset SMASh Series M Fund | 0.82% | 12.15% | -1.72% | 5.13% | -23.44% | -2.32% | 12.86% | 7.71% | 1.46% | 5.52% |
Correlation
The correlation between LCILX and LMSMX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.06 |
Over the past year, LCILX and LMSMX have become more correlated (0.34) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
LCILX vs. LMSMX — Risk / Return Rank
LCILX
LMSMX
LCILX vs. LMSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Sustainability Leaders Fund (LCILX) and Western Asset SMASh Series M Fund (LMSMX). 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.
| LCILX | LMSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.35 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.80 | 5.83 | +0.98 |
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Drawdowns
LCILX vs. LMSMX - Drawdown Comparison
The maximum LCILX drawdown since its inception was -31.70%, roughly equal to the maximum LMSMX drawdown of -30.76%. Use the drawdown chart below to compare losses from any high point for LCILX and LMSMX.
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Drawdown Indicators
| LCILX | LMSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -30.76% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -2.64% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.63% | -10.50% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -30.06% | +2.87% |
Max Drawdown (10Y)Largest decline over 10 years | -31.70% | — | — |
Current DrawdownCurrent decline from peak | -2.09% | -12.80% | +10.71% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -10.16% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.06% | +0.98% |
Volatility
LCILX vs. LMSMX - Volatility Comparison
ClearBridge Sustainability Leaders Fund (LCILX) has a higher volatility of 3.15% compared to Western Asset SMASh Series M Fund (LMSMX) at 1.14%. This indicates that LCILX's price experiences larger fluctuations and is considered to be riskier than LMSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCILX | LMSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 1.14% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 2.99% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 4.68% | +7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 10.37% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 8.11% | +10.00% |
LCILX vs. LMSMX - Expense Ratio Comparison
LCILX has a 0.75% expense ratio, which is higher than LMSMX's 0.00% expense ratio.
Dividends
LCILX vs. LMSMX - Dividend Comparison
LCILX's dividend yield for the trailing twelve months is around 4.46%, less than LMSMX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LCILX ClearBridge Sustainability Leaders Fund | 4.46% | 4.87% | 6.02% | 0.75% | 0.42% | 1.42% | 4.18% | 0.61% | 0.56% | 0.73% | 0.80% |
LMSMX Western Asset SMASh Series M Fund | 4.52% | 4.20% | 5.24% | 4.68% | 3.40% | 3.78% | 6.84% | 7.19% | 3.18% | 3.24% | 0.00% |
Frequently Asked Questions
LCILX and LMSMX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCILX has higher volatility (3.15%) compared to LMSMX (1.14%). In terms of maximum drawdown, LCILX dropped -31.70% vs LMSMX's -30.76%.
LMSMX currently has the higher Sharpe Ratio (1.33 vs 1.11), 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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