LKINX vs. LKBAX

Last updated Jun 3, 2026

LKINX (LKCM International Equity Fund) and LKBAX (LKCM Balanced Fund) are both mutual funds - LKINX is a Foreign Large Cap Equities fund managed by LKCM, while LKBAX is a Diversified Portfolio fund managed by LKCM. Over the past 5 years, LKINX returned 5.75%/yr vs 4.77%/yr for LKBAX. A 0.79 correlation means they provide meaningful diversification when combined. LKINX charges 1.00%/yr vs 0.80%/yr for LKBAX.

Performance

LKINX vs. LKBAX - Performance Comparison

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

Returns By Period

In the year-to-date period, LKINX achieves a 10.08% return, which is significantly higher than LKBAX's 2.62% return.

LKINX

• 1D: -0.06%
• 1M: 3.27%
• YTD: 10.08%
• 6M: 12.89%
• 1Y: 17.65%
• 3Y*: 13.39%
• 5Y*: 5.75%
• 10Y*: —

LKBAX

• 1D: 0.00%
• 1M: 0.77%
• YTD: 2.62%
• 6M: 3.23%
• 1Y: 9.08%
• 3Y*: 9.86%
• 5Y*: 4.77%
• 10Y*: 8.17%

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

LKINX vs. LKBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LKINX LKCM International Equity Fund	10.08%	21.87%	4.83%	16.10%	-20.54%	18.00%	14.45%	10.97%
LKBAX LKCM Balanced Fund	2.62%	8.44%	10.97%	10.85%	-13.86%	14.01%	15.28%	8.96%

Correlation

The correlation between LKINX and LKBAX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.79

The correlation between LKINX and LKBAX has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

Return for Risk

LKINX vs. LKBAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LKINX

LKINX Risk / Return Rank: 25
LKINX Sharpe Ratio Rank: 24
LKINX Sortino Ratio Rank: 23
LKINX Omega Ratio Rank: 22
LKINX Calmar Ratio Rank: 26
LKINX Martin Ratio Rank: 30

LKBAX

LKBAX Risk / Return Rank: 22
LKBAX Sharpe Ratio Rank: 21
LKBAX Sortino Ratio Rank: 20
LKBAX Omega Ratio Rank: 20
LKBAX Calmar Ratio Rank: 19
LKBAX Martin Ratio Rank: 27

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. LKBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM International Equity Fund (LKINX) and LKCM Balanced Fund (LKBAX). 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.

	LKINX	LKBAX	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.33	+0.07
Sortino ratio Return per unit of downside risk	2.03	1.89	+0.13
Omega ratio Gain probability vs. loss probability	1.25	1.23	+0.01
Calmar ratio Return relative to maximum drawdown	1.93	1.64	+0.29
Martin ratio Return relative to average drawdown	7.02	6.61	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LKINX vs. LKBAX - Sharpe Ratio Comparison

The current LKINX Sharpe Ratio is 1.39, which is comparable to the LKBAX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of LKINX and LKBAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LKINX	LKBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.33	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.44	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.57	-0.06

Drawdowns

LKINX vs. LKBAX - Drawdown Comparison

The maximum LKINX drawdown since its inception was -35.00%, which is greater than LKBAX's maximum drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for LKINX and LKBAX.

Drawdown Indicators

	LKINX	LKBAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-31.40%	-3.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-5.71%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-11.65%	-2.84%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-19.63%	-14.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.04%	—
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-7.47%	-4.28%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	1.42%	+1.21%

Volatility

LKINX vs. LKBAX - Volatility Comparison

LKCM International Equity Fund (LKINX) has a higher volatility of 4.55% compared to LKCM Balanced Fund (LKBAX) at 1.61%. This indicates that LKINX's price experiences larger fluctuations and is considered to be riskier than LKBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKINX	LKBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	1.61%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	5.23%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	6.98%	+6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	10.84%	+6.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.52%	11.89%	+7.63%

LKINX vs. LKBAX - Expense Ratio Comparison

LKINX has a 1.00% expense ratio, which is higher than LKBAX's 0.80% expense ratio.

Dividends

LKINX vs. LKBAX - Dividend Comparison

LKINX's dividend yield for the trailing twelve months is around 1.20%, less than LKBAX's 5.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LKBAX LKCM Balanced Fund	5.86%	6.00%	4.60%	3.49%	3.59%	4.41%	4.18%	5.95%	3.02%	4.09%	5.06%	3.50%
LKINX LKCM International Equity Fund	1.20%	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 LKBAX in my portfolio?

LKINX and LKBAX have a correlation of 0.78, 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 LKBAX?

LKINX has higher volatility (4.55%) compared to LKBAX (1.61%). In terms of maximum drawdown, LKINX dropped -35.00% vs LKBAX's -31.40%.

Which has better risk-adjusted returns?

LKINX currently has the higher Sharpe Ratio (1.39 vs 1.33), 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.