LKFIX vs. FCBAX
Compare and contrast key facts about LKCM Fixed Income Fund (LKFIX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX).
LKFIX is managed by LKCM. It was launched on Dec 30, 1997. FCBAX is managed by Fidelity. It was launched on May 4, 2010.
Performance
LKFIX vs. FCBAX - Performance Comparison
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LKFIX vs. FCBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LKFIX LKCM Fixed Income Fund | -0.38% | 6.66% | 3.06% | 4.98% | -5.63% | -1.54% | 4.29% | 6.71% | 0.26% | 2.15% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.25% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
Returns By Period
In the year-to-date period, LKFIX achieves a -0.38% return, which is significantly higher than FCBAX's -1.25% return. Over the past 10 years, LKFIX has underperformed FCBAX with an annualized return of 2.12%, while FCBAX has yielded a comparatively higher 2.48% annualized return.
LKFIX
- 1D
- 0.37%
- 1M
- -1.40%
- YTD
- -0.38%
- 6M
- 0.74%
- 1Y
- 4.24%
- 3Y*
- 4.24%
- 5Y*
- 1.60%
- 10Y*
- 2.12%
FCBAX
- 1D
- 0.57%
- 1M
- -2.76%
- YTD
- -1.25%
- 6M
- -0.55%
- 1Y
- 3.77%
- 3Y*
- 4.28%
- 5Y*
- 0.03%
- 10Y*
- 2.48%
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LKFIX vs. FCBAX - Expense Ratio Comparison
LKFIX has a 0.50% expense ratio, which is lower than FCBAX's 0.77% expense ratio.
Return for Risk
LKFIX vs. FCBAX — Risk / Return Rank
LKFIX
FCBAX
LKFIX vs. FCBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKCM Fixed Income Fund (LKFIX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX). 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 | FCBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.91 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.19 | 1.27 | +0.91 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.45 | +1.12 |
Martin ratioReturn relative to average drawdown | 10.06 | 4.62 | +5.44 |
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
| LKFIX | FCBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.91 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.01 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.42 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.63 | +0.62 |
Correlation
The correlation between LKFIX and FCBAX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LKFIX vs. FCBAX - Dividend Comparison
LKFIX's dividend yield for the trailing twelve months is around 3.71%, more than FCBAX's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKFIX LKCM Fixed Income Fund | 3.71% | 3.57% | 3.03% | 2.28% | 1.57% | 1.36% | 1.74% | 2.27% | 2.26% | 2.04% | 2.18% | 2.78% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.56% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
Drawdowns
LKFIX vs. FCBAX - Drawdown Comparison
The maximum LKFIX drawdown since its inception was -8.97%, smaller than the maximum FCBAX drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for LKFIX and FCBAX.
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Drawdown Indicators
| LKFIX | FCBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.97% | -23.56% | +14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.76% | -3.31% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -8.60% | -23.44% | +14.84% |
Max Drawdown (10Y)Largest decline over 10 years | -8.97% | -23.56% | +14.59% |
Current DrawdownCurrent decline from peak | -1.40% | -4.81% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -4.34% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.04% | -0.59% |
Volatility
LKFIX vs. FCBAX - Volatility Comparison
The current volatility for LKCM Fixed Income Fund (LKFIX) is 1.10%, while Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a volatility of 1.85%. This indicates that LKFIX experiences smaller price fluctuations and is considered to be less risky than FCBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKFIX | FCBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.85% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 2.87% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 4.78% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 6.68% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 5.93% | -3.31% |