LKINX vs. LKFIX

Last updated Jun 4, 2026

LKINX (LKCM International Equity Fund) and LKFIX (LKCM Fixed Income Fund) are both mutual funds - LKINX is a Foreign Large Cap Equities fund managed by LKCM, while LKFIX is a Corporate Bonds fund managed by LKCM. Over the past 5 years, LKINX returned 6.06%/yr vs 1.61%/yr for LKFIX. At a 0.17 correlation, their price movements are largely independent. LKINX charges 1.00%/yr vs 0.50%/yr for LKFIX.

Performance

LKINX vs. LKFIX - Performance Comparison

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

Returns By Period

In the year-to-date period, LKINX achieves a 10.78% return, which is significantly higher than LKFIX's 0.19% return.

LKINX

• 1D: 0.63%
• 1M: 5.30%
• YTD: 10.78%
• 6M: 12.81%
• 1Y: 19.03%
• 3Y*: 13.63%
• 5Y*: 6.06%
• 10Y*: —

LKFIX

• 1D: 0.00%
• 1M: 0.28%
• YTD: 0.19%
• 6M: 0.37%
• 1Y: 4.24%
• 3Y*: 4.47%
• 5Y*: 1.61%
• 10Y*: 2.06%

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

LKINX vs. LKFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LKINX LKCM International Equity Fund	10.78%	21.87%	4.83%	16.10%	-20.54%	18.00%	14.45%	10.97%
LKFIX LKCM Fixed Income Fund	0.19%	6.66%	3.06%	4.98%	-5.63%	-1.54%	4.29%	3.45%

Correlation

The correlation between LKINX and LKFIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.17

Over the past year, LKINX and LKFIX have become more correlated (0.43) than their long-term average of 0.17, meaning their price movements have been converging.

Return for Risk

LKINX vs. LKFIX — 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: 23
LKINX Sortino Ratio Rank: 23
LKINX Omega Ratio Rank: 22
LKINX Calmar Ratio Rank: 28
LKINX Martin Ratio Rank: 30

LKFIX

LKFIX Risk / Return Rank: 38
LKFIX Sharpe Ratio Rank: 35
LKFIX Sortino Ratio Rank: 38
LKFIX Omega Ratio Rank: 37
LKFIX Calmar Ratio Rank: 42
LKFIX Martin Ratio Rank: 36

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. LKFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM International Equity Fund (LKINX) and LKCM Fixed Income Fund (LKFIX). 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	LKFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.70	-0.31
Sortino ratio: Return per unit of downside risk	2.02	2.58	-0.56
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.08
Calmar ratio: Return relative to maximum drawdown	1.94	2.47	-0.53
Martin ratio: Return relative to average drawdown	7.02	7.93	-0.92
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. LKFIX - Sharpe Ratio Comparison

The current LKINX Sharpe Ratio is 1.38, which is comparable to the LKFIX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of LKINX and LKFIX, 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	LKFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.70	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.54	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.25	-0.74

Drawdowns

LKINX vs. LKFIX - Drawdown Comparison

The maximum LKINX drawdown since its inception was -35.00%, which is greater than LKFIX's maximum drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for LKINX and LKFIX.

Drawdown Indicators

	LKINX	LKFIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-8.97%	-26.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-1.76%	-7.78%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-2.19%	-12.30%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-8.60%	-25.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-8.97%	—
Current Drawdown Current decline from peak	0.00%	-0.83%	+0.83%
Average Drawdown Average peak-to-trough decline	-7.47%	-1.12%	-6.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	0.55%	+2.08%

Volatility

LKINX vs. LKFIX - Volatility Comparison

LKCM International Equity Fund (LKINX) has a higher volatility of 4.53% compared to LKCM Fixed Income Fund (LKFIX) at 1.01%. This indicates that LKINX's price experiences larger fluctuations and is considered to be riskier than LKFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKINX	LKFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	1.01%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	1.88%	+8.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.37%	2.58%	+10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	2.98%	+14.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.52%	2.63%	+16.89%

LKINX vs. LKFIX - Expense Ratio Comparison

LKINX has a 1.00% expense ratio, which is higher than LKFIX's 0.50% expense ratio.

Dividends

LKINX vs. LKFIX - Dividend Comparison

LKINX's dividend yield for the trailing twelve months is around 1.19%, less than LKFIX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LKFIX LKCM Fixed Income Fund	3.69%	3.57%	3.03%	2.28%	1.57%	1.36%	1.74%	2.27%	2.26%	2.04%	2.18%	2.78%
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 LKFIX in my portfolio?

LKINX and LKFIX have a correlation of 0.43, 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 LKFIX?

LKINX has higher volatility (4.53%) compared to LKFIX (1.01%). In terms of maximum drawdown, LKINX dropped -35.00% vs LKFIX's -8.97%.

Which has better risk-adjusted returns?

LKFIX currently has the higher Sharpe Ratio (1.70 vs 1.38), 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.