LKEQX vs. AQEIX

Last updated Jun 5, 2026

LKEQX (LKCM Equity Fund) and AQEIX (LKCM Aquinas Catholic Equity Fund) are both Large Cap Growth Equities funds from LKCM. Over the past 10 years, LKEQX returned 11.84%/yr vs 10.69%/yr for AQEIX. Their correlation of 0.94 suggests significant overlap in exposure. LKEQX charges 0.80%/yr vs 1.00%/yr for AQEIX.

Performance

LKEQX vs. AQEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM Equity Fund (LKEQX) and LKCM Aquinas Catholic Equity Fund (AQEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LKEQX achieves a 5.32% return, which is significantly higher than AQEIX's 1.98% return. Over the past 10 years, LKEQX has outperformed AQEIX with an annualized return of 11.84%, while AQEIX has yielded a comparatively lower 10.69% annualized return.

LKEQX

• 1D: -0.78%
• 1M: -0.53%
• YTD: 5.32%
• 6M: 4.30%
• 1Y: 17.37%
• 3Y*: 12.84%
• 5Y*: 6.76%
• 10Y*: 11.84%

AQEIX

• 1D: -1.04%
• 1M: -0.82%
• YTD: 1.98%
• 6M: 0.59%
• 1Y: 8.45%
• 3Y*: 10.31%
• 5Y*: 5.03%
• 10Y*: 10.69%

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

LKEQX vs. AQEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LKEQX LKCM Equity Fund	5.32%	10.39%	14.37%	12.65%	-15.50%	22.50%	22.79%	29.85%	-3.30%	21.69%
AQEIX LKCM Aquinas Catholic Equity Fund	1.98%	6.72%	13.29%	14.08%	-18.24%	25.35%	24.23%	30.51%	-8.03%	20.80%

Correlation

The correlation between LKEQX and AQEIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.94

The correlation between LKEQX and AQEIX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

LKEQX vs. AQEIX — Risk / Return Rank

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

LKEQX

LKEQX Risk / Return Rank: 27
LKEQX Sharpe Ratio Rank: 26
LKEQX Sortino Ratio Rank: 25
LKEQX Omega Ratio Rank: 24
LKEQX Calmar Ratio Rank: 28
LKEQX Martin Ratio Rank: 33

AQEIX

AQEIX Risk / Return Rank: 11
AQEIX Sharpe Ratio Rank: 9
AQEIX Sortino Ratio Rank: 9
AQEIX Omega Ratio Rank: 9
AQEIX Calmar Ratio Rank: 13
AQEIX Martin Ratio Rank: 15

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.

LKEQX vs. AQEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM Equity Fund (LKEQX) and LKCM Aquinas Catholic Equity Fund (AQEIX). 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.

	LKEQX	AQEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.74	+0.69
Sortino ratio: Return per unit of downside risk	2.06	1.10	+0.97
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.12
Calmar ratio: Return relative to maximum drawdown	1.91	1.17	+0.73
Martin ratio: Return relative to average drawdown	7.33	4.24	+3.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LKEQX vs. AQEIX - Sharpe Ratio Comparison

The current LKEQX Sharpe Ratio is 1.43, which is higher than the AQEIX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of LKEQX and AQEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LKEQX	AQEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	0.74	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.31	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.59	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.40	+0.12

Drawdowns

LKEQX vs. AQEIX - Drawdown Comparison

The maximum LKEQX drawdown since its inception was -48.52%, smaller than the maximum AQEIX drawdown of -54.20%. Use the drawdown chart below to compare losses from any high point for LKEQX and AQEIX.

Drawdown Indicators

	LKEQX	AQEIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.52%	-54.20%	+5.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-7.02%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.59%	-19.25%	-1.34%
Max Drawdown (5Y) Largest decline over 5 years	-22.63%	-24.51%	+1.88%
Max Drawdown (10Y) Largest decline over 10 years	-30.15%	-33.65%	+3.50%
Current Drawdown Current decline from peak	-1.81%	-1.63%	-0.18%
Average Drawdown Average peak-to-trough decline	-6.79%	-8.70%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.94%	+0.38%

Volatility

LKEQX vs. AQEIX - Volatility Comparison

LKCM Equity Fund (LKEQX) and LKCM Aquinas Catholic Equity Fund (AQEIX) have volatilities of 2.95% and 3.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKEQX	AQEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.09%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	8.00%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	11.14%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	16.57%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	18.15%	-1.40%

LKEQX vs. AQEIX - Expense Ratio Comparison

LKEQX has a 0.80% expense ratio, which is lower than AQEIX's 1.00% expense ratio.

Dividends

LKEQX vs. AQEIX - Dividend Comparison

LKEQX's dividend yield for the trailing twelve months is around 7.87%, more than AQEIX's 5.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQEIX LKCM Aquinas Catholic Equity Fund	5.86%	5.98%	7.90%	2.63%	6.05%	12.61%	6.73%	10.98%	23.36%	8.24%	7.92%	7.69%
LKEQX LKCM Equity Fund	7.87%	8.28%	6.82%	1.46%	5.50%	6.83%	5.60%	4.44%	7.75%	4.87%	6.61%	2.86%

Frequently Asked Questions

Can I hold both LKEQX and AQEIX in my portfolio?

With a correlation of 0.92, LKEQX and AQEIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LKEQX or AQEIX?

AQEIX has higher volatility (3.09%) compared to LKEQX (2.95%). In terms of maximum drawdown, LKEQX dropped -48.52% vs AQEIX's -54.20%.

Which has better risk-adjusted returns?

LKEQX currently has the higher Sharpe Ratio (1.43 vs 0.74), 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.