LKINX vs. FAERX

Last updated Aug 5, 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 5.45%/yr vs 2.04%/yr for FAERX. Their correlation of 0.90 means they have usually moved in the same direction. 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.

Returns By Period

LKINX

• 1D: 0.46%
• 1M: -0.29%
• 6M: 6.15%
• YTD: 10.46%
• 1Y: 18.61%
• 3Y*: 12.74%
• 5Y*: 5.45%
• 10Y*: —
• ALL TIME*: 9.67%

FAERX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: -1.93%
• 3Y*: 8.48%
• 5Y*: 2.04%
• 10Y*: 7.13%
• ALL TIME*: 5.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAERX Fidelity Advisor Overseas Fund Class M	$0.00	$0.00	$0.00
LKINX LKCM International Equity Fund	$0.00	$0.00	$0.00

LKINX vs. FAERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LKINX LKCM International Equity Fund	10.46%	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 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
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 0.42 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

LKINX vs. FAERX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LKINX

LKINX Risk / Return Rank: 43
LKINX Sharpe Ratio Rank: 42
LKINX Sortino Ratio Rank: 41
LKINX Omega Ratio Rank: 38
LKINX Calmar Ratio Rank: 46
LKINX Martin Ratio Rank: 47

FAERX

FAERX Risk / Return Rank: 3
FAERX Sharpe Ratio Rank: 3
FAERX Sortino Ratio Rank: 3
FAERX Omega Ratio Rank: 3
FAERX Calmar Ratio Rank: 3
FAERX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

	LKINX	FAERX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	-0.07	+1.50
Sortino ratio: Return per unit of downside risk	2.06	-0.04	+2.10
Omega ratio: Gain probability vs. loss probability	1.26	0.99	+0.26
Calmar ratio: Return relative to maximum drawdown	2.05	-0.07	+2.12
Martin ratio: Return relative to average drawdown	7.51	-0.10	+7.62

LKINX vs. FAERX - Sharpe Ratio Comparison

The current LKINX Sharpe Ratio is 1.44, which is higher than the FAERX Sharpe Ratio of -0.07. 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.

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.

Drawdown Indicators

	LKINX	FAERX	Difference
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	-13.41%	-14.00%	+0.59%
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	-0.91%	-5.89%	+4.98%
Average Drawdown Average peak-to-trough decline	-7.33%	-14.34%	+7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	4.54%	-1.94%

Volatility

LKINX vs. FAERX - Volatility Comparison

LKCM International Equity Fund (LKINX) has a higher volatility of 3.09% 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.

Volatility by Period

	LKINX	FAERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	0.00%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	0.00%	+11.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.64%	7.54%	+6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	16.66%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	16.29%	+3.10%

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 1.19%, less than FAERX's 7.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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	1.19%	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

Can I hold both LKINX and FAERX in my portfolio?

LKINX and FAERX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LKINX or FAERX?

LKINX has higher volatility (3.09%) compared to FAERX (0.00%). In terms of maximum drawdown, LKINX dropped -35.00% vs FAERX's -60.14%.

Which has better risk-adjusted returns?

LKINX currently has the higher Sharpe Ratio (1.44 vs -0.07), 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.