LKSCX vs. LKFIX

Last updated Apr 1, 2026

Compare and contrast key facts about LKCM Small Cap Equity Fund (LKSCX) and LKCM Fixed Income Fund (LKFIX).

LKSCX is managed by LKCM. It was launched on Jul 14, 1994. LKFIX is managed by LKCM. It was launched on Dec 30, 1997.

Performance

LKSCX vs. LKFIX - Performance Comparison

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

LKSCX vs. LKFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LKSCX LKCM Small Cap Equity Fund	-4.34%	13.22%	15.35%	22.57%	-22.14%	14.54%	34.70%	22.68%	-5.67%	17.08%
LKFIX LKCM Fixed Income Fund	-0.38%	6.66%	3.06%	4.98%	-5.63%	-1.54%	4.29%	6.71%	0.26%	2.15%

Returns By Period

In the year-to-date period, LKSCX achieves a -4.34% return, which is significantly lower than LKFIX's -0.38% return. Over the past 10 years, LKSCX has outperformed LKFIX with an annualized return of 11.00%, while LKFIX has yielded a comparatively lower 2.12% annualized return.

LKSCX

• 1D: -1.60%
• 1M: -8.68%
• YTD: -4.34%
• 6M: -0.15%
• 1Y: 17.59%
• 3Y*: 12.58%
• 5Y*: 4.64%
• 10Y*: 11.00%

LKFIX

• 1D: 0.37%
• 1M: -1.40%
• YTD: -0.38%
• 6M: 0.74%
• 1Y: 4.24%
• 3Y*: 4.24%
• 5Y*: 1.60%
• 10Y*: 2.12%

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

LKSCX vs. LKFIX - Expense Ratio Comparison

LKSCX has a 1.03% expense ratio, which is higher than LKFIX's 0.50% expense ratio.

LKSCX

LKCM Small Cap Equity Fund

LKFIX

LKCM Fixed Income Fund

Return for Risk

LKSCX vs. LKFIX — Risk / Return Rank

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

LKSCX

LKSCX Risk / Return Rank: 40
LKSCX Sharpe Ratio Rank: 37
LKSCX Sortino Ratio Rank: 41
LKSCX Omega Ratio Rank: 34
LKSCX Calmar Ratio Rank: 43
LKSCX Martin Ratio Rank: 44

LKFIX

LKFIX Risk / Return Rank: 84
LKFIX Sharpe Ratio Rank: 81
LKFIX Sortino Ratio Rank: 84
LKFIX Omega Ratio Rank: 76
LKFIX Calmar Ratio Rank: 91
LKFIX Martin Ratio Rank: 90

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.

LKSCX vs. LKFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM Small Cap Equity Fund (LKSCX) 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.

	LKSCX	LKFIX	Difference
Sharpe ratio Return per unit of total volatility	0.81	1.51	-0.70
Sortino ratio Return per unit of downside risk	1.28	2.19	-0.91
Omega ratio Gain probability vs. loss probability	1.17	1.29	-0.12
Calmar ratio Return relative to maximum drawdown	1.11	2.57	-1.47
Martin ratio Return relative to average drawdown	4.53	10.06	-5.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LKSCX vs. LKFIX - Sharpe Ratio Comparison

The current LKSCX Sharpe Ratio is 0.81, which is lower than the LKFIX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of LKSCX and LKFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LKSCX	LKFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.51	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.55	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.81	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.25	-0.77

Correlation

The correlation between LKSCX and LKFIX is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

LKSCX vs. LKFIX - Dividend Comparison

LKSCX's dividend yield for the trailing twelve months is around 9.39%, more than LKFIX's 3.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LKSCX LKCM Small Cap Equity Fund	9.39%	8.98%	7.27%	2.77%	2.43%	15.70%	3.86%	5.24%	20.61%	19.58%	15.37%	14.66%
LKFIX LKCM Fixed Income Fund	3.71%	3.57%	3.03%	2.28%	1.57%	1.36%	1.74%	2.27%	2.26%	2.04%	2.18%	2.78%

Drawdowns

LKSCX vs. LKFIX - Drawdown Comparison

The maximum LKSCX drawdown since its inception was -59.07%, which is greater than LKFIX's maximum drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for LKSCX and LKFIX.

Drawdown Indicators

	LKSCX	LKFIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.07%	-8.97%	-50.10%
Max Drawdown (1Y) Largest decline over 1 year	-13.86%	-1.76%	-12.10%
Max Drawdown (5Y) Largest decline over 5 years	-33.84%	-8.60%	-25.24%
Max Drawdown (10Y) Largest decline over 10 years	-43.65%	-8.97%	-34.68%
Current Drawdown Current decline from peak	-9.90%	-1.40%	-8.50%
Average Drawdown Average peak-to-trough decline	-9.44%	-1.12%	-8.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	0.45%	+2.93%

Volatility

LKSCX vs. LKFIX - Volatility Comparison

LKCM Small Cap Equity Fund (LKSCX) has a higher volatility of 6.32% compared to LKCM Fixed Income Fund (LKFIX) at 1.10%. This indicates that LKSCX'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

	LKSCX	LKFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	1.10%	+5.22%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	1.66%	+11.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	2.82%	+18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	2.94%	+18.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.10%	2.62%	+20.48%