LKINX vs. GQJPX

Last updated Aug 5, 2026

LKINX (LKCM International Equity Fund) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both mutual funds - LKINX is a Foreign Large Cap Equities fund managed by LKCM, while GQJPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, LKINX returned 5.45%/yr vs 9.43%/yr for GQJPX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. LKINX charges 1.00%/yr vs 0.91%/yr for GQJPX.

Performance

LKINX vs. GQJPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM International Equity Fund (LKINX) and GQG Partners International Quality Dividend Income Fund (GQJPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LKINX having a 10.46% return and GQJPX slightly lower at 10.24%.

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%

GQJPX

• 1D: -0.23%
• 1M: 4.73%
• 6M: 3.04%
• YTD: 10.24%
• 1Y: 18.44%
• 3Y*: 17.45%
• 5Y*: 9.43%
• 10Y*: —
• ALL TIME*: 9.38%

*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)
GQJPX GQG Partners International Quality Dividend Income Fund	$0.00	$0.00	$0.00
LKINX LKCM International Equity Fund	$0.00	$0.00	$0.00

LKINX vs. GQJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LKINX LKCM International Equity Fund	10.46%	21.87%	4.83%	16.10%	-20.54%	2.44%
GQJPX GQG Partners International Quality Dividend Income Fund	10.24%	24.88%	7.39%	18.06%	-10.50%	1.05%

Correlation

The correlation between LKINX and GQJPX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.70

The correlation between LKINX and GQJPX shifts across timeframes, from 0.54 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LKINX vs. GQJPX — 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

GQJPX

GQJPX Risk / Return Rank: 65
GQJPX Sharpe Ratio Rank: 77
GQJPX Sortino Ratio Rank: 74
GQJPX Omega Ratio Rank: 73
GQJPX Calmar Ratio Rank: 63
GQJPX Martin Ratio Rank: 36

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. GQJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM International Equity Fund (LKINX) and GQG Partners International Quality Dividend Income Fund (GQJPX). 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	GQJPX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.90	-0.46
Sortino ratio: Return per unit of downside risk	2.06	2.64	-0.57
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	2.05	2.34	-0.28
Martin ratio: Return relative to average drawdown	7.51	5.81	+1.71

LKINX vs. GQJPX - Sharpe Ratio Comparison

The current LKINX Sharpe Ratio is 1.44, which is comparable to the GQJPX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of LKINX and GQJPX, 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. GQJPX - Drawdown Comparison

The maximum LKINX drawdown since its inception was -35.00%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for LKINX and GQJPX.

Drawdown Indicators

	LKINX	GQJPX	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-21.83%	-13.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-8.56%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-9.45%	-3.96%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-21.83%	-12.12%
Current Drawdown Current decline from peak	-0.91%	-1.60%	+0.69%
Average Drawdown Average peak-to-trough decline	-7.33%	-5.50%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	3.43%	-0.83%

Volatility

LKINX vs. GQJPX - Volatility Comparison

LKCM International Equity Fund (LKINX) has a higher volatility of 3.09% compared to GQG Partners International Quality Dividend Income Fund (GQJPX) at 2.41%. This indicates that LKINX's price experiences larger fluctuations and is considered to be riskier than GQJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKINX	GQJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	2.41%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	8.65%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.64%	10.55%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	12.84%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	12.89%	+6.50%

LKINX vs. GQJPX - Expense Ratio Comparison

LKINX has a 1.00% expense ratio, which is higher than GQJPX's 0.91% expense ratio.

Dividends

LKINX vs. GQJPX - Dividend Comparison

LKINX's dividend yield for the trailing twelve months is around 1.19%, less than GQJPX's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GQJPX GQG Partners International Quality Dividend Income Fund	3.81%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%
LKINX LKCM International Equity Fund	1.19%	1.32%	1.40%	1.45%	4.00%	1.24%	0.19%	0.06%

Frequently Asked Questions

Can I hold both LKINX and GQJPX in my portfolio?

LKINX and GQJPX have a correlation of 0.54, 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 GQJPX?

LKINX has higher volatility (3.09%) compared to GQJPX (2.41%). In terms of maximum drawdown, LKINX dropped -35.00% vs GQJPX's -21.83%.

Which has better risk-adjusted returns?

GQJPX currently has the higher Sharpe Ratio (1.90 vs 1.44), 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.