LKFIX vs. FIKOX
LKFIX (LKCM Fixed Income Fund) and FIKOX (Fidelity Advisor Corporate Bond Fund Class Z) are both Corporate Bonds funds. Over the past 5 years, LKFIX returned 1.49%/yr vs -0.45%/yr for FIKOX. Their correlation of 0.82 means they have usually moved in the same direction. LKFIX charges 0.50%/yr vs 0.36%/yr for FIKOX.
Performance
LKFIX vs. FIKOX - Performance Comparison
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Returns By Period
In the year-to-date period, LKFIX achieves a -0.07% return, which is significantly higher than FIKOX's -0.94% return.
LKFIX
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- -0.17%
- YTD
- -0.07%
- 1Y
- 2.09%
- 3Y*
- 4.33%
- 5Y*
- 1.49%
- 10Y*
- 1.93%
- ALL TIME*
- 3.63%
FIKOX
- 1D
- 0.10%
- 1M
- -1.70%
- 6M
- -1.21%
- YTD
- -0.94%
- 1Y
- 1.60%
- 3Y*
- 4.66%
- 5Y*
- -0.45%
- 10Y*
- —
- ALL TIME*
- 2.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LKFIX vs. FIKOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LKFIX LKCM Fixed Income Fund | -0.07% | 6.66% | 3.06% | 4.98% | -5.63% | -1.54% | 4.29% | 6.71% | 0.70% |
FIKOX Fidelity Advisor Corporate Bond Fund Class Z | -0.94% | 7.96% | 2.83% | 8.64% | -17.06% | -1.60% | 10.91% | 14.58% | 0.53% |
Correlation
The correlation between LKFIX and FIKOX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.82 |
The correlation between LKFIX and FIKOX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
LKFIX vs. FIKOX — Risk / Return Rank
LKFIX
FIKOX
LKFIX vs. FIKOX - 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 Z (FIKOX). 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.
| LKFIX | FIKOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.11 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.85 | +0.67 |
| Martin ratioReturn relative to average drawdown | 4.11 | 2.40 | +1.72 |
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Drawdowns
LKFIX vs. FIKOX - Drawdown Comparison
The maximum LKFIX drawdown since its inception was -8.97%, smaller than the maximum FIKOX drawdown of -23.22%. Use the drawdown chart below to compare losses from any high point for LKFIX and FIKOX.
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Drawdown Indicators
| LKFIX | FIKOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.97% | -23.22% | +14.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.76% | -3.22% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -5.52% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -8.52% | -23.22% | +14.70% |
Max Drawdown (10Y)Largest decline over 10 years | -8.97% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -2.52% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -6.54% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.14% | -0.49% |
Volatility
LKFIX vs. FIKOX - Volatility Comparison
The current volatility for LKCM Fixed Income Fund (LKFIX) is 0.56%, while Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) has a volatility of 1.05%. This indicates that LKFIX experiences smaller price fluctuations and is considered to be less risky than FIKOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKFIX | FIKOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.05% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 3.26% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 4.18% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 6.69% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 6.49% | -3.85% |
LKFIX vs. FIKOX - Expense Ratio Comparison
LKFIX has a 0.50% expense ratio, which is higher than FIKOX's 0.36% expense ratio.
Dividends
LKFIX vs. FIKOX - Dividend Comparison
LKFIX's dividend yield for the trailing twelve months is around 3.84%, less than FIKOX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKOX Fidelity Advisor Corporate Bond Fund Class Z | 4.06% | 4.20% | 4.05% | 3.51% | 2.62% | 2.90% | 3.47% | 3.37% | 0.98% | 0.00% | 0.00% | 0.00% |
LKFIX LKCM Fixed Income Fund | 3.84% | 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
LKFIX and FIKOX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIKOX has higher volatility (1.05%) compared to LKFIX (0.56%). In terms of maximum drawdown, LKFIX dropped -8.97% vs FIKOX's -23.22%.
LKFIX currently has the higher Sharpe Ratio (1.07 vs 0.66), 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.
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