LCSSX vs. APO

Last updated Jun 23, 2026

LCSSX (ClearBridge Select Fund) is Mid Cap Growth Equities fund managed by Legg Mason, while APO (Apollo Global Management, Inc.) is a stock. Over the past 10 years, LCSSX returned 16.95%/yr vs 29.69%/yr for APO. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

LCSSX vs. APO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Select Fund (LCSSX) and Apollo Global Management, Inc. (APO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCSSX achieves a 3.46% return, which is significantly higher than APO's -5.82% return. Over the past 10 years, LCSSX has underperformed APO with an annualized return of 16.95%, while APO has yielded a comparatively higher 29.69% annualized return.

LCSSX

• 1D: 0.81%
• 1M: 2.24%
• YTD: 3.46%
• 6M: 1.96%
• 1Y: 13.34%
• 3Y*: 13.44%
• 5Y*: 3.32%
• 10Y*: 16.95%

APO

• 1D: -1.67%
• 1M: 5.21%
• YTD: -5.82%
• 6M: -8.43%
• 1Y: 2.12%
• 3Y*: 24.76%
• 5Y*: 20.75%
• 10Y*: 29.69%

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

LCSSX vs. APO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCSSX ClearBridge Select Fund	3.46%	7.26%	21.54%	24.25%	-33.06%	20.27%	58.86%	33.60%	10.56%	39.04%
APO Apollo Global Management, Inc.	-5.82%	-11.12%	79.87%	49.44%	-9.59%	53.25%	8.00%	106.46%	-22.03%	85.29%

Correlation

The correlation between LCSSX and APO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 3, 2012	0.55

The correlation between LCSSX and APO shifts across timeframes, from 0.42 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LCSSX vs. APO — Risk / Return Rank

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

LCSSX

LCSSX Risk / Return Rank: 11
LCSSX Sharpe Ratio Rank: 12
LCSSX Sortino Ratio Rank: 11
LCSSX Omega Ratio Rank: 11
LCSSX Calmar Ratio Rank: 10
LCSSX Martin Ratio Rank: 11

APO

APO Risk / Return Rank: 42
APO Sharpe Ratio Rank: 44
APO Sortino Ratio Rank: 39
APO Omega Ratio Rank: 38
APO Calmar Ratio Rank: 43
APO Martin Ratio Rank: 43

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.

LCSSX vs. APO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Select Fund (LCSSX) and Apollo Global Management, Inc. (APO). 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.

	LCSSX	APO	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.06	+0.81
Sortino ratio: Return per unit of downside risk	1.27	0.33	+0.94
Omega ratio: Gain probability vs. loss probability	1.15	1.04	+0.11
Calmar ratio: Return relative to maximum drawdown	0.93	0.06	+0.87
Martin ratio: Return relative to average drawdown	2.85	0.13	+2.72

LCSSX vs. APO - Sharpe Ratio Comparison

The current LCSSX Sharpe Ratio is 0.87, which is higher than the APO Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of LCSSX and APO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LCSSX vs. APO - Drawdown Comparison

The maximum LCSSX drawdown since its inception was -43.46%, smaller than the maximum APO drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for LCSSX and APO.

Drawdown Indicators

	LCSSX	APO	Difference
Max Drawdown Largest peak-to-trough decline	-43.46%	-56.99%	+13.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.24%	-34.97%	+20.73%
Max Drawdown (3Y) Largest decline over 3 years	-23.67%	-42.82%	+19.15%
Max Drawdown (5Y) Largest decline over 5 years	-43.46%	-42.82%	-0.64%
Max Drawdown (10Y) Largest decline over 10 years	-43.46%	-53.48%	+10.02%
Current Drawdown Current decline from peak	-2.11%	-22.60%	+20.49%
Average Drawdown Average peak-to-trough decline	-9.17%	-16.39%	+7.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.63%	16.76%	-12.13%

Volatility

LCSSX vs. APO - Volatility Comparison

The current volatility for ClearBridge Select Fund (LCSSX) is 5.13%, while Apollo Global Management, Inc. (APO) has a volatility of 8.25%. This indicates that LCSSX experiences smaller price fluctuations and is considered to be less risky than APO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCSSX	APO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	8.25%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	27.00%	-15.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.14%	35.30%	-20.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.82%	37.14%	-15.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.94%	37.85%	-15.91%

Dividends

LCSSX vs. APO - Dividend Comparison

LCSSX has not paid dividends to shareholders, while APO's dividend yield for the trailing twelve months is around 1.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APO Apollo Global Management, Inc.	1.55%	1.38%	1.10%	1.81%	2.51%	2.90%	4.72%	4.23%	7.86%	5.53%	6.46%	12.91%
LCSSX ClearBridge Select Fund	0.00%	0.00%	0.00%	0.00%	0.01%	3.26%	0.00%	0.00%	1.28%	2.11%	1.12%	5.25%

Frequently Asked Questions

Can I hold both LCSSX and APO in my portfolio?

LCSSX and APO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCSSX or APO?

APO has higher volatility (8.25%) compared to LCSSX (5.13%). In terms of maximum drawdown, LCSSX dropped -43.46% vs APO's -56.99%.

Which has better risk-adjusted returns?

LCSSX currently has the higher Sharpe Ratio (0.87 vs 0.06), 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.