LKFIX vs. LKSMX
Compare and contrast key facts about LKCM Fixed Income Fund (LKFIX) and LKCM Small-Mid Cap Equity Fund (LKSMX).
LKFIX is managed by LKCM. It was launched on Dec 30, 1997. LKSMX is managed by LKCM. It was launched on May 2, 2011.
Performance
LKFIX vs. LKSMX - Performance Comparison
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LKFIX vs. LKSMX - 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% |
LKSMX LKCM Small-Mid Cap Equity Fund | -3.70% | 5.27% | 15.64% | 25.76% | -22.23% | 15.44% | 30.55% | 31.02% | -8.91% | 24.18% |
Returns By Period
In the year-to-date period, LKFIX achieves a -0.19% return, which is significantly higher than LKSMX's -3.70% return. Over the past 10 years, LKFIX has underperformed LKSMX with an annualized return of 2.14%, while LKSMX has yielded a comparatively higher 10.61% annualized return.
LKFIX
- 1D
- 0.19%
- 1M
- -0.93%
- YTD
- -0.19%
- 6M
- 0.74%
- 1Y
- 4.14%
- 3Y*
- 4.30%
- 5Y*
- 1.62%
- 10Y*
- 2.14%
LKSMX
- 1D
- 2.82%
- 1M
- -7.14%
- YTD
- -3.70%
- 6M
- -2.04%
- 1Y
- 6.10%
- 3Y*
- 10.37%
- 5Y*
- 4.28%
- 10Y*
- 10.61%
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LKFIX vs. LKSMX - Expense Ratio Comparison
LKFIX has a 0.50% expense ratio, which is lower than LKSMX's 1.00% expense ratio.
Return for Risk
LKFIX vs. LKSMX — Risk / Return Rank
LKFIX
LKSMX
LKFIX vs. LKSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKCM Fixed Income Fund (LKFIX) and LKCM Small-Mid Cap Equity Fund (LKSMX). 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 | LKSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 0.33 | +1.25 |
Sortino ratioReturn per unit of downside risk | 2.29 | 0.62 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.08 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 0.53 | +1.98 |
Martin ratioReturn relative to average drawdown | 9.71 | 1.73 | +7.97 |
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 | LKSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.33 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.22 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.50 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.39 | +0.86 |
Correlation
The correlation between LKFIX and LKSMX is -0.03. 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. LKSMX - Dividend Comparison
LKFIX's dividend yield for the trailing twelve months is around 3.71%, less than LKSMX's 6.62% 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% |
LKSMX LKCM Small-Mid Cap Equity Fund | 6.62% | 6.38% | 0.00% | 0.00% | 8.27% | 17.23% | 6.48% | 14.23% | 21.66% | 12.01% | 18.07% | 7.12% |
Drawdowns
LKFIX vs. LKSMX - Drawdown Comparison
The maximum LKFIX drawdown since its inception was -8.97%, smaller than the maximum LKSMX drawdown of -39.56%. Use the drawdown chart below to compare losses from any high point for LKFIX and LKSMX.
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Drawdown Indicators
| LKFIX | LKSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.97% | -39.56% | +30.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.76% | -13.08% | +11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -8.60% | -27.51% | +18.91% |
Max Drawdown (10Y)Largest decline over 10 years | -8.97% | -39.56% | +30.59% |
Current DrawdownCurrent decline from peak | -1.21% | -10.63% | +9.42% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -7.77% | +6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 4.02% | -3.56% |
Volatility
LKFIX vs. LKSMX - Volatility Comparison
The current volatility for LKCM Fixed Income Fund (LKFIX) is 1.10%, while LKCM Small-Mid Cap Equity Fund (LKSMX) has a volatility of 6.99%. This indicates that LKFIX experiences smaller price fluctuations and is considered to be less risky than LKSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKFIX | LKSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 6.99% | -5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 13.02% | -11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 20.68% | -17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 19.88% | -16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 21.32% | -18.70% |