LCTIX vs. AAIIX

Last updated Jun 23, 2026

LCTIX (Leader Capital High Quality Income Fund Institutional Shares) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, LCTIX returned 5.30%/yr vs 3.06%/yr for AAIIX. At a 0.25 correlation, their price movements are largely independent. LCTIX charges 1.08%/yr vs 2.20%/yr for AAIIX.

Performance

LCTIX vs. AAIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leader Capital High Quality Income Fund Institutional Shares (LCTIX) and Ancora Income Fund (AAIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCTIX achieves a 2.21% return, which is significantly higher than AAIIX's 1.96% return. Over the past 10 years, LCTIX has outperformed AAIIX with an annualized return of 5.30%, while AAIIX has yielded a comparatively lower 3.06% annualized return.

LCTIX

• 1D: 0.09%
• 1M: 1.00%
• YTD: 2.21%
• 6M: 2.62%
• 1Y: 5.61%
• 3Y*: 6.33%
• 5Y*: 5.33%
• 10Y*: 5.30%

AAIIX

• 1D: 0.14%
• 1M: -0.07%
• YTD: 1.96%
• 6M: 1.75%
• 1Y: 5.89%
• 3Y*: 6.78%
• 5Y*: 1.94%
• 10Y*: 3.06%

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

LCTIX vs. AAIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCTIX Leader Capital High Quality Income Fund Institutional Shares	2.21%	5.12%	6.49%	8.47%	2.64%	2.41%	12.94%	1.55%	6.64%	4.79%
AAIIX Ancora Income Fund	1.96%	2.28%	9.23%	9.46%	-14.32%	9.21%	3.72%	11.08%	-5.60%	6.57%

Correlation

The correlation between LCTIX and AAIIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 30, 2010	0.25

The correlation between LCTIX and AAIIX shifts across timeframes, from 0.14 (5 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LCTIX vs. AAIIX — Risk / Return Rank

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

LCTIX

LCTIX Risk / Return Rank: 95
LCTIX Sharpe Ratio Rank: 91
LCTIX Sortino Ratio Rank: 98
LCTIX Omega Ratio Rank: 98
LCTIX Calmar Ratio Rank: 93
LCTIX Martin Ratio Rank: 95

AAIIX

AAIIX Risk / Return Rank: 23
AAIIX Sharpe Ratio Rank: 26
AAIIX Sortino Ratio Rank: 26
AAIIX Omega Ratio Rank: 27
AAIIX Calmar Ratio Rank: 19
AAIIX Martin Ratio Rank: 19

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.

LCTIX vs. AAIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leader Capital High Quality Income Fund Institutional Shares (LCTIX) and Ancora Income Fund (AAIIX). 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.

	LCTIX	AAIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.81	1.36	+1.45
Sortino ratio: Return per unit of downside risk	6.14	1.98	+4.16
Omega ratio: Gain probability vs. loss probability	2.01	1.25	+0.76
Calmar ratio: Return relative to maximum drawdown	4.81	1.48	+3.32
Martin ratio: Return relative to average drawdown	20.45	4.55	+15.90

LCTIX vs. AAIIX - Sharpe Ratio Comparison

The current LCTIX Sharpe Ratio is 2.81, which is higher than the AAIIX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of LCTIX and AAIIX, 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

LCTIX vs. AAIIX - Drawdown Comparison

The maximum LCTIX drawdown since its inception was -24.76%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for LCTIX and AAIIX.

Drawdown Indicators

	LCTIX	AAIIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.76%	-98.01%	+73.25%
Max Drawdown (1Y) Largest decline over 1 year	-1.17%	-4.19%	+3.02%
Max Drawdown (3Y) Largest decline over 3 years	-1.29%	-98.01%	+96.72%
Max Drawdown (5Y) Largest decline over 5 years	-3.70%	-98.01%	+94.31%
Max Drawdown (10Y) Largest decline over 10 years	-23.61%	-98.01%	+74.40%
Current Drawdown Current decline from peak	0.00%	-97.79%	+97.79%
Average Drawdown Average peak-to-trough decline	-3.84%	-12.52%	+8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	1.36%	-1.09%

Volatility

LCTIX vs. AAIIX - Volatility Comparison

The current volatility for Leader Capital High Quality Income Fund Institutional Shares (LCTIX) is 0.62%, while Ancora Income Fund (AAIIX) has a volatility of 1.22%. This indicates that LCTIX experiences smaller price fluctuations and is considered to be less risky than AAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCTIX	AAIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	1.22%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	1.48%	3.35%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	2.01%	4.56%	-2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.25%	2,045.26%	-2,043.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	1,445.35%	-1,439.05%

LCTIX vs. AAIIX - Expense Ratio Comparison

LCTIX has a 1.08% expense ratio, which is lower than AAIIX's 2.20% expense ratio.

Dividends

LCTIX vs. AAIIX - Dividend Comparison

LCTIX's dividend yield for the trailing twelve months is around 5.63%, more than AAIIX's 5.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAIIX Ancora Income Fund	5.22%	4.09%	4.57%	4.77%	4.52%	4.46%	5.68%	3.96%	4.36%	5.69%	6.40%	6.99%
LCTIX Leader Capital High Quality Income Fund Institutional Shares	5.63%	5.90%	5.91%	5.50%	2.31%	1.93%	1.73%	2.92%	3.67%	2.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCTIX and AAIIX in my portfolio?

LCTIX and AAIIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCTIX or AAIIX?

AAIIX has higher volatility (1.22%) compared to LCTIX (0.62%). In terms of maximum drawdown, LCTIX dropped -24.76% vs AAIIX's -98.01%.

Which has better risk-adjusted returns?

LCTIX currently has the higher Sharpe Ratio (2.81 vs 1.36), 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.