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LKINX vs. FAERX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LKINX vs. FAERX

Last updated Jun 26, 2026

LKINX (LKCM International Equity Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 5 years, LKINX returned 5.29%/yr vs 2.85%/yr for FAERX. Their correlation of 0.90 suggests significant overlap in exposure. LKINX charges 1.00%/yr vs 1.65%/yr for FAERX.

Performance

LKINX vs. FAERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM International Equity Fund (LKINX) and Fidelity Advisor Overseas Fund Class M (FAERX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

LKINX

1D
0.00%
1M
-1.39%
YTD
7.99%
6M
7.57%
1Y
15.87%
3Y*
12.76%
5Y*
5.29%
10Y*
—

FAERX

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
-1.83%
3Y*
8.72%
5Y*
2.85%
10Y*
7.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LKINX vs. FAERX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
LKINX
LKCM International Equity Fund		7.99%21.87%4.83%16.10%-20.54%18.00%14.45%10.97%
FAERX
Fidelity Advisor Overseas Fund Class M		0.00%14.70%4.40%19.78%-24.77%18.63%14.43%10.60%

Correlation

The correlation between LKINX and FAERX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

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

0.89

Correlation (All Time)
Calculated using the full available price history since May 7, 2019

0.90

Over the past year, the correlation between LKINX and FAERX has dropped to 0.50 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

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LKCM International Equity Fund

Fidelity Advisor Overseas Fund Class M

Often compared with LKINX:
LKINX vs. LKEQXLKINX vs. LKBAXLKINX vs. LKSCXLKINX vs. AQEIXLKINX vs. LKSMXLKINX vs. FINVXLKINX vs. FIGSX
Often compared with FAERX:
FAERX vs. FAOSXFAERX vs. FAOIXFAERX vs. GTMIXFAERX vs. SWISXFAERX vs. TROIXFAERX vs. BIGFXFAERX vs. EPDIX

Return for Risk

LKINX vs. FAERX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LKINX
LKINX Risk / Return Rank: 2525
Overall Rank
LKINX Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
LKINX Sortino Ratio Rank: 2323
Sortino Ratio Rank
LKINX Omega Ratio Rank: 2222
Omega Ratio Rank
LKINX Calmar Ratio Rank: 2727
Calmar Ratio Rank
LKINX Martin Ratio Rank: 3030
Martin Ratio Rank
FAERX
FAERX Risk / Return Rank: 22
Overall Rank
FAERX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
FAERX Sortino Ratio Rank: 22
Sortino Ratio Rank
FAERX Omega Ratio Rank: 22
Omega Ratio Rank
FAERX Calmar Ratio Rank: 22
Calmar Ratio Rank
FAERX Martin Ratio Rank: 22
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.

LKINX vs. FAERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM International Equity Fund (LKINX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.

LKINXFAERXDifference
Sharpe ratioReturn per unit of total volatility
1.12
-0.29

+1.41

Sortino ratioReturn per unit of downside risk
1.64
-0.34

+1.98

Omega ratioGain probability vs. loss probability

1.20

0.95

+0.25

Calmar ratioReturn relative to maximum drawdown

1.61

-0.34

+1.94

Martin ratioReturn relative to average drawdown

5.79

-0.55

+6.34

LKINX vs. FAERX - Sharpe Ratio Comparison

The current LKINX Sharpe Ratio is 1.12, which is higher than the FAERX Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of LKINX and FAERX, 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

LKINX vs. FAERX - Drawdown Comparison

The maximum LKINX drawdown since its inception was -35.00%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for LKINX and FAERX.

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Drawdown Indicators

LKINXFAERXDifference

Max Drawdown

Largest peak-to-trough decline

-35.00%

-60.14%

+25.14%

Max Drawdown (1Y)

Largest decline over 1 year

-9.54%

-7.29%

-2.25%

Max Drawdown (3Y)

Largest decline over 3 years

-14.49%

-14.00%

-0.49%

Max Drawdown (5Y)

Largest decline over 5 years

-33.95%

-36.62%

+2.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.62%

—

Current Drawdown

Current decline from peak

-2.52%

-5.89%

+3.37%

Average Drawdown

Average peak-to-trough decline

-7.41%

-14.36%

+6.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

4.19%

-1.55%

Volatility

LKINX vs. FAERX - Volatility Comparison

LKCM International Equity Fund (LKINX) has a higher volatility of 4.33% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that LKINX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LKINXFAERXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.33%

0.00%

+4.33%

Volatility (6M)

Calculated over the trailing 6-month period

11.25%

3.50%

+7.75%

Volatility (1Y)

Calculated over the trailing 1-year period

13.72%

8.72%

+5.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.37%

16.72%

+0.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.49%

16.37%

+3.12%

LKINX vs. FAERX - Expense Ratio Comparison

LKINX has a 1.00% expense ratio, which is lower than FAERX's 1.65% expense ratio.

Dividends

LKINX vs. FAERX - Dividend Comparison

LKINX's dividend yield for the trailing twelve months is around 1.22%, less than FAERX's 7.94% yield.

PositionTTM20252024202320222021202020192018201720162015
FAERX
Fidelity Advisor Overseas Fund Class M		7.94%7.94%0.96%0.51%0.12%2.07%0.00%1.15%4.25%3.35%0.80%0.09%
LKINX
LKCM International Equity Fund		1.22%1.32%1.40%1.45%4.00%1.24%0.19%0.06%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LKINX and FAERX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LKINX has higher volatility (4.33%) compared to FAERX (0.00%). In terms of maximum drawdown, LKINX dropped -35.00% vs FAERX's -60.14%.

LKINX currently has the higher Sharpe Ratio (1.12 vs -0.29), 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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