LKSCX vs. LKINX

Last updated Jun 23, 2026

LKSCX (LKCM Small Cap Equity Fund) and LKINX (LKCM International Equity Fund) are both mutual funds - LKSCX is a Small Cap Growth Equities fund managed by LKCM, while LKINX is a Foreign Large Cap Equities fund managed by LKCM. Over the past 5 years, LKSCX returned 6.57%/yr vs 6.09%/yr for LKINX. A 0.72 correlation means they provide meaningful diversification when combined. LKSCX charges 1.03%/yr vs 1.00%/yr for LKINX.

Performance

LKSCX vs. LKINX - Performance Comparison

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

Returns By Period

In the year-to-date period, LKSCX achieves a 8.50% return, which is significantly lower than LKINX's 9.38% return.

LKSCX

• 1D: 1.63%
• 1M: 1.24%
• YTD: 8.50%
• 6M: 5.88%
• 1Y: 26.82%
• 3Y*: 16.18%
• 5Y*: 6.57%
• 10Y*: 11.90%

LKINX

• 1D: 0.58%
• 1M: 0.76%
• YTD: 9.38%
• 6M: 9.43%
• 1Y: 19.21%
• 3Y*: 11.99%
• 5Y*: 6.09%
• 10Y*: —

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

LKSCX vs. LKINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LKSCX LKCM Small Cap Equity Fund	8.50%	13.22%	15.35%	22.57%	-22.14%	14.54%	34.70%	0.76%
LKINX LKCM International Equity Fund	9.38%	21.87%	4.83%	16.10%	-20.54%	18.00%	14.45%	10.97%

Correlation

The correlation between LKSCX and LKINX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 7, 2019	0.72

The correlation between LKSCX and LKINX has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

Return for Risk

LKSCX vs. LKINX — 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: 34
LKSCX Sortino Ratio Rank: 34
LKSCX Omega Ratio Rank: 30
LKSCX Calmar Ratio Rank: 53
LKSCX Martin Ratio Rank: 49

LKINX

LKINX Risk / Return Rank: 28
LKINX Sharpe Ratio Rank: 25
LKINX Sortino Ratio Rank: 25
LKINX Omega Ratio Rank: 24
LKINX Calmar Ratio Rank: 30
LKINX Martin Ratio Rank: 33

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. LKINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM Small Cap Equity Fund (LKSCX) and LKCM International Equity Fund (LKINX). 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	LKINX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.35	+0.21
Sortino ratio: Return per unit of downside risk	2.26	1.94	+0.31
Omega ratio: Gain probability vs. loss probability	1.27	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	2.67	1.94	+0.73
Martin ratio: Return relative to average drawdown	9.56	7.02	+2.54

LKSCX vs. LKINX - Sharpe Ratio Comparison

The current LKSCX Sharpe Ratio is 1.56, which is comparable to the LKINX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of LKSCX and LKINX, 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

LKSCX vs. LKINX - Drawdown Comparison

The maximum LKSCX drawdown since its inception was -59.07%, which is greater than LKINX's maximum drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for LKSCX and LKINX.

Drawdown Indicators

	LKSCX	LKINX	Difference
Max Drawdown Largest peak-to-trough decline	-59.07%	-35.00%	-24.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-9.54%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-24.21%	-14.49%	-9.72%
Max Drawdown (5Y) Largest decline over 5 years	-33.84%	-33.95%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-43.65%	—	—
Current Drawdown Current decline from peak	0.00%	-1.26%	+1.26%
Average Drawdown Average peak-to-trough decline	-9.38%	-7.42%	-1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.63%	+0.13%

Volatility

LKSCX vs. LKINX - Volatility Comparison

LKCM Small Cap Equity Fund (LKSCX) has a higher volatility of 5.00% compared to LKCM International Equity Fund (LKINX) at 4.49%. This indicates that LKSCX's price experiences larger fluctuations and is considered to be riskier than LKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LKSCX	LKINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	4.49%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	11.24%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	13.71%	+3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.51%	17.37%	+4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.12%	19.50%	+3.62%

LKSCX vs. LKINX - Expense Ratio Comparison

LKSCX has a 1.03% expense ratio, which is higher than LKINX's 1.00% expense ratio.

Dividends

LKSCX vs. LKINX - Dividend Comparison

LKSCX's dividend yield for the trailing twelve months is around 8.28%, more than LKINX's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LKSCX LKCM Small Cap Equity Fund	8.28%	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

Can I hold both LKSCX and LKINX in my portfolio?

LKSCX and LKINX 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.

Which is riskier, LKSCX or LKINX?

LKSCX has higher volatility (5.00%) compared to LKINX (4.49%). In terms of maximum drawdown, LKSCX dropped -59.07% vs LKINX's -35.00%.

Which has better risk-adjusted returns?

LKSCX currently has the higher Sharpe Ratio (1.56 vs 1.35), 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.