LKSCX vs. LKBAX
LKSCX (LKCM Small Cap Equity Fund) and LKBAX (LKCM Balanced Fund) are both mutual funds - LKSCX is a Small Cap Growth Equities fund managed by LKCM, while LKBAX is a Diversified Portfolio fund managed by LKCM. Over the past 10 years, LKSCX returned 11.23%/yr vs 7.94%/yr for LKBAX. Their correlation of 0.84 means they have usually moved in the same direction. LKSCX charges 1.03%/yr vs 0.80%/yr for LKBAX.
Performance
LKSCX vs. LKBAX - Performance Comparison
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Returns By Period
In the year-to-date period, LKSCX achieves a 6.49% return, which is significantly higher than LKBAX's 2.73% return. Over the past 10 years, LKSCX has outperformed LKBAX with an annualized return of 11.23%, while LKBAX has yielded a comparatively lower 7.94% annualized return.
LKSCX
- 1D
- 0.73%
- 1M
- -2.27%
- 6M
- 3.65%
- YTD
- 6.49%
- 1Y
- 17.88%
- 3Y*
- 13.16%
- 5Y*
- 6.08%
- 10Y*
- 11.23%
- ALL TIME*
- 10.20%
LKBAX
- 1D
- 0.00%
- 1M
- 0.74%
- 6M
- 1.51%
- YTD
- 2.73%
- 1Y
- 5.70%
- 3Y*
- 8.23%
- 5Y*
- 4.08%
- 10Y*
- 7.94%
- ALL TIME*
- 6.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
LKBAX LKCM Balanced Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
LKSCX vs. LKBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LKSCX LKCM Small Cap Equity Fund | 6.49% | 13.22% | 15.35% | 22.57% | -22.14% | 14.54% | 34.70% | 22.68% | -5.67% | 17.08% |
LKBAX LKCM Balanced Fund | 2.73% | 8.44% | 10.97% | 10.85% | -13.86% | 14.01% | 15.28% | 21.86% | -2.15% | 12.88% |
Correlation
The correlation between LKSCX and LKBAX is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1997 | 0.84 |
The correlation between LKSCX and LKBAX shifts across timeframes, from 0.68 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LKSCX vs. LKBAX — Risk / Return Rank
LKSCX
LKBAX
LKSCX vs. LKBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKCM Small Cap Equity Fund (LKSCX) 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.
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.
| LKSCX | LKBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.81 | +0.80 |
| Martin ratioReturn relative to average drawdown | 5.55 | 3.06 | +2.49 |
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Drawdowns
LKSCX vs. LKBAX - Drawdown Comparison
The maximum LKSCX drawdown since its inception was -59.07%, which is greater than LKBAX's maximum drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for LKSCX and LKBAX.
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Drawdown Indicators
| LKSCX | LKBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.07% | -31.40% | -27.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -5.71% | -4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -11.65% | -12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -33.84% | -19.63% | -14.21% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -26.04% | -17.61% |
Current DrawdownCurrent decline from peak | -3.76% | -0.59% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -4.26% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 1.50% | +1.36% |
Volatility
LKSCX vs. LKBAX - Volatility Comparison
LKCM Small Cap Equity Fund (LKSCX) has a higher volatility of 3.87% compared to LKCM Balanced Fund (LKBAX) at 2.04%. This indicates that LKSCX'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.
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Volatility by Period
| LKSCX | LKBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 2.04% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 5.58% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 7.30% | +9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.37% | 10.86% | +10.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 11.86% | +11.19% |
LKSCX vs. LKBAX - Expense Ratio Comparison
LKSCX has a 1.03% expense ratio, which is higher than LKBAX's 0.80% expense ratio.
Dividends
LKSCX vs. LKBAX - Dividend Comparison
LKSCX's dividend yield for the trailing twelve months is around 8.43%, more than LKBAX's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKBAX LKCM Balanced Fund | 5.89% | 6.00% | 4.60% | 3.49% | 3.59% | 4.41% | 4.18% | 5.95% | 3.02% | 4.09% | 5.06% | 3.50% |
LKSCX LKCM Small Cap Equity Fund | 8.43% | 8.98% | 7.27% | 2.77% | 2.43% | 15.70% | 3.86% | 5.24% | 20.61% | 19.58% | 15.37% | 14.66% |
Frequently Asked Questions
LKSCX and LKBAX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LKSCX has higher volatility (3.87%) compared to LKBAX (2.04%). In terms of maximum drawdown, LKSCX dropped -59.07% vs LKBAX's -31.40%.
LKSCX currently has the higher Sharpe Ratio (0.94 vs 0.63), 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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