LKFIX vs. LKSCX

Last updated Apr 1, 2026

Compare and contrast key facts about LKCM Fixed Income Fund (LKFIX) and LKCM Small Cap Equity Fund (LKSCX).

LKFIX is managed by LKCM. It was launched on Dec 30, 1997. LKSCX is managed by LKCM. It was launched on Jul 14, 1994.

Performance

LKFIX vs. LKSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM Fixed Income Fund (LKFIX) and LKCM Small Cap Equity Fund (LKSCX). The values are adjusted to include any dividend payments, if applicable.

LKFIX vs. LKSCX - 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%
LKSCX LKCM Small Cap Equity Fund	-4.34%	13.22%	15.35%	22.57%	-22.14%	14.54%	34.70%	22.68%	-5.67%	17.08%

Returns By Period

In the year-to-date period, LKFIX achieves a -0.38% return, which is significantly higher than LKSCX's -4.34% return. Over the past 10 years, LKFIX has underperformed LKSCX with an annualized return of 2.12%, while LKSCX has yielded a comparatively higher 11.00% 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%

LKSCX

• 1D: -1.60%
• 1M: -8.68%
• YTD: -4.34%
• 6M: -0.15%
• 1Y: 17.59%
• 3Y*: 12.58%
• 5Y*: 4.64%
• 10Y*: 11.00%

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

LKFIX vs. LKSCX - Expense Ratio Comparison

LKFIX has a 0.50% expense ratio, which is lower than LKSCX's 1.03% expense ratio.

LKSCX

LKCM Small Cap Equity Fund

LKFIX

LKCM Fixed Income Fund

Return for Risk

LKFIX vs. LKSCX — Risk / Return Rank

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

LKFIX

LKFIX Risk / Return Rank: 84
LKFIX Sharpe Ratio Rank: 81
LKFIX Sortino Ratio Rank: 84
LKFIX Omega Ratio Rank: 76
LKFIX Calmar Ratio Rank: 91
LKFIX Martin Ratio Rank: 90

LKSCX

LKSCX Risk / Return Rank: 40
LKSCX Sharpe Ratio Rank: 37
LKSCX Sortino Ratio Rank: 41
LKSCX Omega Ratio Rank: 34
LKSCX Calmar Ratio Rank: 43
LKSCX Martin Ratio Rank: 44

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. LKSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM Fixed Income Fund (LKFIX) and LKCM Small Cap Equity Fund (LKSCX). 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	LKSCX	Difference
Sharpe ratio Return per unit of total volatility	1.51	0.81	+0.70
Sortino ratio Return per unit of downside risk	2.19	1.28	+0.91
Omega ratio Gain probability vs. loss probability	1.29	1.17	+0.12
Calmar ratio Return relative to maximum drawdown	2.57	1.11	+1.47
Martin ratio Return relative to average drawdown	10.06	4.53	+5.53
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. LKSCX - Sharpe Ratio Comparison

The current LKFIX Sharpe Ratio is 1.51, which is higher than the LKSCX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of LKFIX and LKSCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LKFIX	LKSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	0.81	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.22	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.48	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.48	+0.77

Correlation

The correlation between LKFIX and LKSCX is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

LKFIX vs. LKSCX - Dividend Comparison

LKFIX's dividend yield for the trailing twelve months is around 3.71%, less than LKSCX's 9.39% 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%
LKSCX LKCM Small Cap Equity Fund	9.39%	8.98%	7.27%	2.77%	2.43%	15.70%	3.86%	5.24%	20.61%	19.58%	15.37%	14.66%

Drawdowns

LKFIX vs. LKSCX - Drawdown Comparison

The maximum LKFIX drawdown since its inception was -8.97%, smaller than the maximum LKSCX drawdown of -59.07%. Use the drawdown chart below to compare losses from any high point for LKFIX and LKSCX.

Drawdown Indicators

	LKFIX	LKSCX	Difference
Max Drawdown Largest peak-to-trough decline	-8.97%	-59.07%	+50.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.76%	-13.86%	+12.10%
Max Drawdown (5Y) Largest decline over 5 years	-8.60%	-33.84%	+25.24%
Max Drawdown (10Y) Largest decline over 10 years	-8.97%	-43.65%	+34.68%
Current Drawdown Current decline from peak	-1.40%	-9.90%	+8.50%
Average Drawdown Average peak-to-trough decline	-1.12%	-9.44%	+8.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	3.38%	-2.93%

Volatility

LKFIX vs. LKSCX - Volatility Comparison

The current volatility for LKCM Fixed Income Fund (LKFIX) is 1.10%, while LKCM Small Cap Equity Fund (LKSCX) has a volatility of 6.32%. This indicates that LKFIX experiences smaller price fluctuations and is considered to be less risky than LKSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKFIX	LKSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	6.32%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	1.66%	12.88%	-11.22%
Volatility (1Y) Calculated over the trailing 1-year period	2.82%	21.65%	-18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.94%	21.65%	-18.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.62%	23.10%	-20.48%