LKEQX vs. VTI

Last updated Jun 24, 2026

LKEQX (LKCM Equity Fund) and VTI (Vanguard Total Stock Market ETF) are both funds - LKEQX is a Large Cap Growth Equities fund managed by LKCM, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, LKEQX returned 12.14%/yr vs 15.14%/yr for VTI. With a 0.96 correlation, they move nearly in lockstep. LKEQX charges 0.80%/yr vs 0.03%/yr for VTI.

Performance

LKEQX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM Equity Fund (LKEQX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LKEQX achieves a 4.41% return, which is significantly lower than VTI's 8.82% return. Over the past 10 years, LKEQX has underperformed VTI with an annualized return of 12.14%, while VTI has yielded a comparatively higher 15.14% annualized return.

LKEQX

• 1D: -0.48%
• 1M: -0.91%
• YTD: 4.41%
• 6M: 3.76%
• 1Y: 14.36%
• 3Y*: 12.01%
• 5Y*: 6.40%
• 10Y*: 12.14%

VTI

• 1D: -1.39%
• 1M: -0.84%
• YTD: 8.82%
• 6M: 7.71%
• 1Y: 24.22%
• 3Y*: 20.62%
• 5Y*: 11.90%
• 10Y*: 15.14%

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

LKEQX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LKEQX LKCM Equity Fund	4.41%	10.39%	14.37%	12.65%	-15.50%	22.50%	22.79%	29.85%	-3.30%	21.69%
VTI Vanguard Total Stock Market ETF	8.82%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between LKEQX and VTI is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 31, 2001	0.96

The correlation between LKEQX and VTI has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

Return for Risk

LKEQX vs. VTI — Risk / Return Rank

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

LKEQX

LKEQX Risk / Return Rank: 24
LKEQX Sharpe Ratio Rank: 22
LKEQX Sortino Ratio Rank: 22
LKEQX Omega Ratio Rank: 20
LKEQX Calmar Ratio Rank: 24
LKEQX Martin Ratio Rank: 30

VTI

VTI Risk / Return Rank: 59
VTI Sharpe Ratio Rank: 58
VTI Sortino Ratio Rank: 56
VTI Omega Ratio Rank: 57
VTI Calmar Ratio Rank: 57
VTI Martin Ratio Rank: 68

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. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM Equity Fund (LKEQX) and Vanguard Total Stock Market ETF (VTI). 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.

	LKEQX	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.90	-0.66
Sortino ratio: Return per unit of downside risk	1.78	2.59	-0.81
Omega ratio: Gain probability vs. loss probability	1.22	1.34	-0.12
Calmar ratio: Return relative to maximum drawdown	1.70	2.73	-1.03
Martin ratio: Return relative to average drawdown	6.35	12.14	-5.79

LKEQX vs. VTI - Sharpe Ratio Comparison

The current LKEQX Sharpe Ratio is 1.24, which is lower than the VTI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of LKEQX and VTI, 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

LKEQX vs. VTI - Drawdown Comparison

The maximum LKEQX drawdown since its inception was -48.52%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for LKEQX and VTI.

Drawdown Indicators

	LKEQX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-48.52%	-55.45%	+6.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-8.92%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-20.59%	-19.30%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-22.63%	-25.36%	+2.73%
Max Drawdown (10Y) Largest decline over 10 years	-30.15%	-35.00%	+4.85%
Current Drawdown Current decline from peak	-2.65%	-2.85%	+0.20%
Average Drawdown Average peak-to-trough decline	-6.78%	-8.01%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.00%	+0.39%

Volatility

LKEQX vs. VTI - Volatility Comparison

The current volatility for LKCM Equity Fund (LKEQX) is 3.79%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.95%. This indicates that LKEQX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKEQX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	4.95%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	10.05%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	12.83%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	17.51%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	18.32%	-1.55%

LKEQX vs. VTI - Expense Ratio Comparison

LKEQX has a 0.80% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

LKEQX vs. VTI - Dividend Comparison

LKEQX's dividend yield for the trailing twelve months is around 7.93%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LKEQX LKCM Equity Fund	7.93%	8.28%	6.82%	1.46%	5.50%	6.83%	5.60%	4.44%	7.75%	4.87%	6.61%	2.86%
VTI Vanguard Total Stock Market ETF	1.04%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both LKEQX and VTI in my portfolio?

LKEQX and VTI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LKEQX or VTI?

VTI has higher volatility (4.95%) compared to LKEQX (3.79%). In terms of maximum drawdown, LKEQX dropped -48.52% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.90 vs 1.24), 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.