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LKFIX vs. FIKOX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LKFIX vs. FIKOX

Last updated Jun 24, 2026

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 1.59%/yr vs 0.20%/yr for FIKOX. Their correlation of 0.82 suggests significant overlap in exposure. LKFIX charges 0.50%/yr vs 0.36%/yr for FIKOX.

Performance

LKFIX vs. FIKOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM Fixed Income Fund (LKFIX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

LKFIX

1D
-0.28%
1M
0.29%
YTD
-0.00%
6M
0.27%
1Y
3.26%
3Y*
4.44%
5Y*
1.59%
10Y*
2.01%

FIKOX

1D
-0.38%
1M
0.57%
YTD
0.21%
6M
0.58%
1Y
4.89%
3Y*
5.40%
5Y*
0.20%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LKFIX vs. FIKOX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LKFIX
LKCM Fixed Income Fund		-0.00%6.66%3.06%4.98%-5.63%-1.54%4.29%6.71%0.70%
FIKOX
Fidelity Advisor Corporate Bond Fund Class Z		0.21%7.96%2.83%8.64%-17.06%-1.60%10.91%14.58%0.53%

Correlation

The correlation between LKFIX and FIKOX is 0.88, 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

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

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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LKCM Fixed Income Fund

Fidelity Advisor Corporate Bond Fund Class Z

Often compared with LKFIX:
LKFIX vs. IDMIXLKFIX vs. CBFSXLKFIX vs. CFICXLKFIX vs. LKSCXLKFIX vs. GSGDXLKFIX vs. PBBBXLKFIX vs. VSTBX
Often compared with FIKOX:
FIKOX vs. VFIDXFIKOX vs. SIDCXFIKOX vs. IDMIXFIKOX vs. VSTBXFIKOX vs. VICSXFIKOX vs. MIFIXFIKOX vs. FSPGX

Return for Risk

LKFIX vs. FIKOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LKFIX
LKFIX Risk / Return Rank: 2828
Overall Rank
LKFIX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
LKFIX Sortino Ratio Rank: 2929
Sortino Ratio Rank
LKFIX Omega Ratio Rank: 2727
Omega Ratio Rank
LKFIX Calmar Ratio Rank: 3131
Calmar Ratio Rank
LKFIX Martin Ratio Rank: 2727
Martin Ratio Rank
FIKOX
FIKOX Risk / Return Rank: 2121
Overall Rank
FIKOX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
FIKOX Sortino Ratio Rank: 2222
Sortino Ratio Rank
FIKOX Omega Ratio Rank: 1919
Omega Ratio Rank
FIKOX Calmar Ratio Rank: 2222
Calmar Ratio Rank
FIKOX Martin Ratio Rank: 2222
Martin Ratio Rank
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. 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.

LKFIXFIKOXDifference
Sharpe ratioReturn per unit of total volatility
1.37
1.20

+0.17

Sortino ratioReturn per unit of downside risk
2.07
1.79

+0.27

Omega ratioGain probability vs. loss probability

1.25

1.21

+0.04

Calmar ratioReturn relative to maximum drawdown

1.96

1.59

+0.38

Martin ratioReturn relative to average drawdown

5.93

5.03

+0.90

LKFIX vs. FIKOX - Sharpe Ratio Comparison

The current LKFIX Sharpe Ratio is 1.37, which is comparable to the FIKOX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of LKFIX and FIKOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

LKFIXFIKOXDifference

Max Drawdown

Largest 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%

-6.56%

+4.37%

Max Drawdown (5Y)

Largest decline over 5 years

-8.60%

-23.22%

+14.62%

Max Drawdown (10Y)

Largest decline over 10 years

-8.97%

—

—

Current Drawdown

Current decline from peak

-1.02%

-1.38%

+0.36%

Average Drawdown

Average peak-to-trough decline

-1.12%

-6.61%

+5.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.58%

1.01%

-0.43%

Volatility

LKFIX vs. FIKOX - Volatility Comparison

The current volatility for LKCM Fixed Income Fund (LKFIX) is 0.79%, while Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) has a volatility of 1.33%. 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

LKFIXFIKOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.79%

1.33%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

1.94%

3.20%

-1.26%

Volatility (1Y)

Calculated over the trailing 1-year period

2.54%

4.27%

-1.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.99%

6.70%

-3.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.64%

6.52%

-3.88%

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 3.70%, less than FIKOX's 4.34% yield.

PositionTTM20252024202320222021202020192018201720162015
FIKOX
Fidelity Advisor Corporate Bond Fund Class Z		4.34%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		3.70%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 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FIKOX has higher volatility (1.33%) compared to LKFIX (0.79%). In terms of maximum drawdown, LKFIX dropped -8.97% vs FIKOX's -23.22%.

LKFIX currently has the higher Sharpe Ratio (1.37 vs 1.20), 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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