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LCLAX vs. SHAPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

LCLAX vs. SHAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Select Fund Class A (LCLAX) and ClearBridge Appreciation Fund (SHAPX). The values are adjusted to include any dividend payments, if applicable.

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LCLAX vs. SHAPX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
LCLAX
ClearBridge Select Fund Class A
-10.74%6.87%21.13%23.82%-33.28%19.86%58.29%33.03%10.18%38.69%
SHAPX
ClearBridge Appreciation Fund
-6.24%14.32%22.37%19.50%-12.56%23.52%14.53%29.84%-2.19%18.31%

Returns By Period

In the year-to-date period, LCLAX achieves a -10.74% return, which is significantly lower than SHAPX's -6.24% return. Over the past 10 years, LCLAX has outperformed SHAPX with an annualized return of 15.27%, while SHAPX has yielded a comparatively lower 11.99% annualized return.


LCLAX

1D
-0.68%
1M
-8.34%
YTD
-10.74%
6M
-12.89%
1Y
4.90%
3Y*
9.74%
5Y*
1.57%
10Y*
15.27%

SHAPX

1D
-0.06%
1M
-7.91%
YTD
-6.24%
6M
-5.30%
1Y
10.69%
3Y*
14.58%
5Y*
10.06%
10Y*
11.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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LCLAX vs. SHAPX - Expense Ratio Comparison

LCLAX has a 1.10% expense ratio, which is higher than SHAPX's 0.93% expense ratio.


Return for Risk

LCLAX vs. SHAPX — Risk / Return Rank

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

LCLAX
LCLAX Risk / Return Rank: 1010
Overall Rank
LCLAX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
LCLAX Sortino Ratio Rank: 1010
Sortino Ratio Rank
LCLAX Omega Ratio Rank: 1010
Omega Ratio Rank
LCLAX Calmar Ratio Rank: 99
Calmar Ratio Rank
LCLAX Martin Ratio Rank: 1010
Martin Ratio Rank

SHAPX
SHAPX Risk / Return Rank: 3535
Overall Rank
SHAPX Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
SHAPX Sortino Ratio Rank: 3434
Sortino Ratio Rank
SHAPX Omega Ratio Rank: 3737
Omega Ratio Rank
SHAPX Calmar Ratio Rank: 3232
Calmar Ratio Rank
SHAPX Martin Ratio Rank: 4040
Martin Ratio Rank
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.

LCLAX vs. SHAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Select Fund Class A (LCLAX) and ClearBridge Appreciation Fund (SHAPX). 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.


LCLAXSHAPXDifference

Sharpe ratio

Return per unit of total volatility

0.23

0.72

-0.49

Sortino ratio

Return per unit of downside risk

0.48

1.13

-0.66

Omega ratio

Gain probability vs. loss probability

1.06

1.17

-0.10

Calmar ratio

Return relative to maximum drawdown

0.19

0.89

-0.70

Martin ratio

Return relative to average drawdown

0.62

4.11

-3.49

LCLAX vs. SHAPX - Sharpe Ratio Comparison

The current LCLAX Sharpe Ratio is 0.23, which is lower than the SHAPX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of LCLAX and SHAPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


LCLAXSHAPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.23

0.72

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

0.68

-0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.72

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.77

-0.19

Correlation

The correlation between LCLAX and SHAPX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

LCLAX vs. SHAPX - Dividend Comparison

LCLAX has not paid dividends to shareholders, while SHAPX's dividend yield for the trailing twelve months is around 15.01%.


TTM20252024202320222021202020192018201720162015
LCLAX
ClearBridge Select Fund Class A
0.00%0.00%0.00%0.00%0.01%3.38%0.00%0.00%1.31%2.15%1.13%5.31%
SHAPX
ClearBridge Appreciation Fund
15.01%14.08%9.00%4.17%8.85%6.54%4.13%7.09%6.71%5.10%3.29%4.76%

Drawdowns

LCLAX vs. SHAPX - Drawdown Comparison

The maximum LCLAX drawdown since its inception was -43.64%, smaller than the maximum SHAPX drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for LCLAX and SHAPX.


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Drawdown Indicators


LCLAXSHAPXDifference

Max Drawdown

Largest peak-to-trough decline

-43.64%

-46.19%

+2.55%

Max Drawdown (1Y)

Largest decline over 1 year

-14.36%

-10.57%

-3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-43.64%

-20.53%

-23.11%

Max Drawdown (10Y)

Largest decline over 10 years

-43.64%

-32.21%

-11.43%

Current Drawdown

Current decline from peak

-14.36%

-8.74%

-5.62%

Average Drawdown

Average peak-to-trough decline

-10.17%

-4.79%

-5.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.39%

2.29%

+2.10%

Volatility

LCLAX vs. SHAPX - Volatility Comparison

ClearBridge Select Fund Class A (LCLAX) has a higher volatility of 5.55% compared to ClearBridge Appreciation Fund (SHAPX) at 3.74%. This indicates that LCLAX's price experiences larger fluctuations and is considered to be riskier than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


LCLAXSHAPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.55%

3.74%

+1.81%

Volatility (6M)

Calculated over the trailing 6-month period

11.39%

7.86%

+3.53%

Volatility (1Y)

Calculated over the trailing 1-year period

20.32%

15.90%

+4.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.83%

14.85%

+6.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.90%

16.70%

+5.20%