LKFIX vs. PIGIX
LKFIX (LKCM Fixed Income Fund) and PIGIX (PIMCO Investment Grade Credit Bond Fund) are both Corporate Bonds funds. Over the past 10 years, LKFIX returned 2.01%/yr vs 2.79%/yr for PIGIX. A 0.79 correlation means they provide meaningful diversification when combined. LKFIX charges 0.50%/yr vs 0.51%/yr for PIGIX.
Performance
LKFIX vs. PIGIX - Performance Comparison
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Returns By Period
Over the past 10 years, LKFIX has underperformed PIGIX with an annualized return of 2.01%, while PIGIX has yielded a comparatively higher 2.79% annualized return.
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%
PIGIX
- 1D
- -0.44%
- 1M
- 0.76%
- YTD
- 0.17%
- 6M
- 0.71%
- 1Y
- 5.30%
- 3Y*
- 5.48%
- 5Y*
- 0.33%
- 10Y*
- 2.79%
LKFIX vs. PIGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LKFIX LKCM Fixed Income Fund | -0.00% | 6.66% | 3.06% | 4.98% | -5.63% | -1.54% | 4.29% | 6.71% | 0.26% | 2.15% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 0.17% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
Correlation
The correlation between LKFIX and PIGIX is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 1, 2000 | 0.79 |
The correlation between LKFIX and PIGIX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
LKFIX vs. PIGIX — Risk / Return Rank
LKFIX
PIGIX
LKFIX vs. PIGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKCM Fixed Income Fund (LKFIX) and PIMCO Investment Grade Credit Bond Fund (PIGIX). 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 | PIGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.40 | +0.56 |
| Martin ratioReturn relative to average drawdown | 5.93 | 4.40 | +1.52 |
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Drawdowns
LKFIX vs. PIGIX - Drawdown Comparison
The maximum LKFIX drawdown since its inception was -8.97%, smaller than the maximum PIGIX drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for LKFIX and PIGIX.
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Drawdown Indicators
| LKFIX | PIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.97% | -23.09% | +14.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.76% | -3.98% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -6.59% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -8.60% | -23.09% | +14.49% |
Max Drawdown (10Y)Largest decline over 10 years | -8.97% | -23.09% | +14.12% |
Current DrawdownCurrent decline from peak | -1.02% | -1.68% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -3.06% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.26% | -0.68% |
Volatility
LKFIX vs. PIGIX - Volatility Comparison
The current volatility for LKCM Fixed Income Fund (LKFIX) is 0.79%, while PIMCO Investment Grade Credit Bond Fund (PIGIX) has a volatility of 1.44%. This indicates that LKFIX experiences smaller price fluctuations and is considered to be less risky than PIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKFIX | PIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.44% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 3.72% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.54% | 4.72% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 6.42% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 5.82% | -3.18% |
LKFIX vs. PIGIX - Expense Ratio Comparison
LKFIX has a 0.50% expense ratio, which is lower than PIGIX's 0.51% expense ratio.
Dividends
LKFIX vs. PIGIX - Dividend Comparison
LKFIX's dividend yield for the trailing twelve months is around 3.70%, less than PIGIX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.88% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
Frequently Asked Questions
LKFIX and PIGIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIGIX has higher volatility (1.44%) compared to LKFIX (0.79%). In terms of maximum drawdown, LKFIX dropped -8.97% vs PIGIX's -23.09%.
LKFIX currently has the higher Sharpe Ratio (1.37 vs 1.18), 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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