LCTIX vs. LMSMX
LCTIX (Leader Capital High Quality Income Fund Institutional Shares) and LMSMX (Western Asset SMASh Series M Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, LCTIX returned 5.51%/yr vs -1.84%/yr for LMSMX. At 0.11, their price movements are largely independent. LCTIX charges 1.08%/yr vs 0.00%/yr for LMSMX.
Performance
LCTIX vs. LMSMX - Performance Comparison
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Returns By Period
In the year-to-date period, LCTIX achieves a 0.68% return, which is significantly lower than LMSMX's 1.57% return.
LCTIX
- 1D
- 0.18%
- 1M
- 0.18%
- YTD
- 0.68%
- 6M
- 1.61%
- 1Y
- 5.16%
- 3Y*
- 6.09%
- 5Y*
- 5.51%
- 10Y*
- 5.36%
LMSMX
- 1D
- 0.25%
- 1M
- 0.50%
- YTD
- 1.57%
- 6M
- 2.70%
- 1Y
- 9.74%
- 3Y*
- 4.18%
- 5Y*
- -1.84%
- 10Y*
- —
LCTIX vs. LMSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCTIX Leader Capital High Quality Income Fund Institutional Shares | 0.68% | 5.12% | 6.49% | 8.47% | 2.64% | 2.41% | 12.94% | 1.55% | 6.64% | 3.80% |
LMSMX Western Asset SMASh Series M Fund | 1.57% | 12.15% | -1.72% | 5.13% | -23.44% | -2.32% | 12.86% | 7.71% | 1.46% | 5.52% |
Correlation
The correlation between LCTIX and LMSMX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017 | 0.11 |
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Return for Risk
LCTIX vs. LMSMX — Risk / Return Rank
LCTIX
LMSMX
LCTIX vs. LMSMX - 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 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.
| LCTIX | LMSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.77 | 1.68 | +1.08 |
Sortino ratioReturn per unit of downside risk | 6.32 | 2.51 | +3.81 |
Omega ratioGain probability vs. loss probability | 2.19 | 1.33 | +0.86 |
Calmar ratioReturn relative to maximum drawdown | 4.49 | 3.48 | +1.01 |
Martin ratioReturn relative to average drawdown | 17.38 | 10.01 | +7.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCTIX | LMSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 1.68 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.24 | -0.18 | +2.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.18 | +0.58 |
Drawdowns
LCTIX vs. LMSMX - Drawdown Comparison
The maximum LCTIX drawdown since its inception was -24.76%, smaller than the maximum LMSMX drawdown of -30.76%. Use the drawdown chart below to compare losses from any high point for LCTIX and LMSMX.
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Drawdown Indicators
| LCTIX | LMSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.76% | -30.76% | +6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -3.05% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -3.70% | -30.18% | +26.48% |
Max Drawdown (10Y)Largest decline over 10 years | -23.61% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -12.15% | +11.61% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -10.08% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 1.06% | -0.76% |
Volatility
LCTIX vs. LMSMX - Volatility Comparison
The current volatility for Leader Capital High Quality Income Fund Institutional Shares (LCTIX) is 0.53%, while Western Asset SMASh Series M Fund (LMSMX) has a volatility of 1.49%. This indicates that LCTIX experiences smaller price fluctuations and is considered to be less risky 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
| LCTIX | LMSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.49% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 2.46% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 6.23% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.47% | 10.38% | -7.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 8.20% | -1.89% |
LCTIX vs. LMSMX - Expense Ratio Comparison
LCTIX has a 1.08% expense ratio, which is higher than LMSMX's 0.00% expense ratio.
Dividends
LCTIX vs. LMSMX - Dividend Comparison
LCTIX's dividend yield for the trailing twelve months is around 5.31%, more than LMSMX's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCTIX Leader Capital High Quality Income Fund Institutional Shares | 5.31% | 5.90% | 5.91% | 5.50% | 2.31% | 1.93% | 1.73% | 2.92% | 3.67% | 2.56% |
LMSMX Western Asset SMASh Series M Fund | 3.98% | 4.20% | 5.24% | 4.68% | 3.40% | 3.78% | 6.84% | 7.19% | 3.18% | 3.24% |