LKFIX vs. AQEIX

Last updated Jun 4, 2026

LKFIX (LKCM Fixed Income Fund) and AQEIX (LKCM Aquinas Catholic Equity Fund) are both mutual funds - LKFIX is a Corporate Bonds fund managed by LKCM, while AQEIX is a Large Cap Growth Equities fund managed by LKCM. Over the past 10 years, LKFIX returned 2.06%/yr vs 10.81%/yr for AQEIX. At a correlation of -0.13, they often move in opposite directions. LKFIX charges 0.50%/yr vs 1.00%/yr for AQEIX.

Performance

LKFIX vs. AQEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM Fixed Income Fund (LKFIX) 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, LKFIX achieves a 0.19% return, which is significantly lower than AQEIX's 3.05% return. Over the past 10 years, LKFIX has underperformed AQEIX with an annualized return of 2.06%, while AQEIX has yielded a comparatively higher 10.81% annualized return.

LKFIX

• 1D: 0.00%
• 1M: 0.28%
• YTD: 0.19%
• 6M: 0.37%
• 1Y: 4.24%
• 3Y*: 4.47%
• 5Y*: 1.61%
• 10Y*: 2.06%

AQEIX

• 1D: -0.60%
• 1M: 0.61%
• YTD: 3.05%
• 6M: 1.81%
• 1Y: 9.35%
• 3Y*: 10.69%
• 5Y*: 5.41%
• 10Y*: 10.81%

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

LKFIX vs. AQEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LKFIX LKCM Fixed Income Fund	0.19%	6.66%	3.06%	4.98%	-5.63%	-1.54%	4.29%	6.71%	0.26%	2.15%
AQEIX LKCM Aquinas Catholic Equity Fund	3.05%	6.72%	13.29%	14.08%	-18.24%	25.35%	24.23%	30.51%	-8.03%	20.80%

Correlation

The correlation between LKFIX and AQEIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Dec 31, 1997	-0.13

The correlation between LKFIX and AQEIX shifts across timeframes, from -0.13 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LKFIX vs. AQEIX — Risk / Return Rank

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

LKFIX

LKFIX Risk / Return Rank: 38
LKFIX Sharpe Ratio Rank: 35
LKFIX Sortino Ratio Rank: 38
LKFIX Omega Ratio Rank: 37
LKFIX Calmar Ratio Rank: 42
LKFIX Martin Ratio Rank: 36

AQEIX

AQEIX Risk / Return Rank: 14
AQEIX Sharpe Ratio Rank: 12
AQEIX Sortino Ratio Rank: 12
AQEIX Omega Ratio Rank: 11
AQEIX Calmar Ratio Rank: 17
AQEIX Martin Ratio Rank: 20

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.

LKFIX vs. AQEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM Fixed Income Fund (LKFIX) 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.

	LKFIX	AQEIX	Difference
Sharpe ratio Return per unit of total volatility	1.70	0.93	+0.76
Sortino ratio Return per unit of downside risk	2.58	1.35	+1.23
Omega ratio Gain probability vs. loss probability	1.32	1.16	+0.16
Calmar ratio Return relative to maximum drawdown	2.47	1.47	+1.00
Martin ratio Return relative to average drawdown	7.93	5.32	+2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LKFIX vs. AQEIX - Sharpe Ratio Comparison

The current LKFIX Sharpe Ratio is 1.70, which is higher than the AQEIX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of LKFIX 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

	LKFIX	AQEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	0.93	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.33	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.60	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.40	+0.85

Drawdowns

LKFIX vs. AQEIX - Drawdown Comparison

The maximum LKFIX drawdown since its inception was -8.97%, smaller than the maximum AQEIX drawdown of -54.20%. Use the drawdown chart below to compare losses from any high point for LKFIX and AQEIX.

Drawdown Indicators

	LKFIX	AQEIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.97%	-54.20%	+45.23%
Max Drawdown (1Y) Largest decline over 1 year	-1.76%	-7.02%	+5.26%
Max Drawdown (3Y) Largest decline over 3 years	-2.19%	-19.25%	+17.06%
Max Drawdown (5Y) Largest decline over 5 years	-8.60%	-24.51%	+15.91%
Max Drawdown (10Y) Largest decline over 10 years	-8.97%	-33.65%	+24.68%
Current Drawdown Current decline from peak	-0.83%	-0.60%	-0.23%
Average Drawdown Average peak-to-trough decline	-1.12%	-8.70%	+7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	1.94%	-1.39%

Volatility

LKFIX vs. AQEIX - Volatility Comparison

The current volatility for LKCM Fixed Income Fund (LKFIX) is 1.01%, while LKCM Aquinas Catholic Equity Fund (AQEIX) has a volatility of 2.95%. This indicates that LKFIX experiences smaller price fluctuations and is considered to be less risky than AQEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKFIX	AQEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	2.95%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	1.88%	7.94%	-6.06%
Volatility (1Y) Calculated over the trailing 1-year period	2.58%	11.08%	-8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.98%	16.56%	-13.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.63%	18.15%	-15.52%

LKFIX vs. AQEIX - Expense Ratio Comparison

LKFIX has a 0.50% expense ratio, which is lower than AQEIX's 1.00% expense ratio.

Dividends

LKFIX vs. AQEIX - Dividend Comparison

LKFIX's dividend yield for the trailing twelve months is around 3.69%, less than AQEIX's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQEIX LKCM Aquinas Catholic Equity Fund	5.80%	5.98%	7.90%	2.63%	6.05%	12.61%	6.73%	10.98%	23.36%	8.24%	7.92%	7.69%
LKFIX LKCM Fixed Income Fund	3.69%	3.57%	3.03%	2.28%	1.57%	1.36%	1.74%	2.27%	2.26%	2.04%	2.18%	2.78%

Frequently Asked Questions

Can I hold both LKFIX and AQEIX in my portfolio?

LKFIX and AQEIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LKFIX or AQEIX?

AQEIX has higher volatility (2.95%) compared to LKFIX (1.01%). In terms of maximum drawdown, LKFIX dropped -8.97% vs AQEIX's -54.20%.

Which has better risk-adjusted returns?

LKFIX currently has the higher Sharpe Ratio (1.70 vs 0.93), 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.