LKSCX vs. NEAIX
LKSCX (LKCM Small Cap Equity Fund) and NEAIX (Needham Aggressive Growth Fund Institutional Class) are both Small Cap Growth Equities funds. Over the past 5 years, LKSCX returned 6.17%/yr vs 18.00%/yr for NEAIX. Their correlation of 0.82 means they have usually moved in the same direction. LKSCX charges 1.03%/yr vs 1.20%/yr for NEAIX.
Performance
LKSCX vs. NEAIX - Performance Comparison
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Returns By Period
In the year-to-date period, LKSCX achieves a 6.95% return, which is significantly lower than NEAIX's 33.50% return.
LKSCX
- 1D
- 0.43%
- 1M
- -1.85%
- 6M
- 3.86%
- YTD
- 6.95%
- 1Y
- 18.38%
- 3Y*
- 13.34%
- 5Y*
- 6.17%
- 10Y*
- 11.41%
- ALL TIME*
- 10.21%
NEAIX
- 1D
- 1.00%
- 1M
- -11.22%
- 6M
- 19.29%
- YTD
- 33.50%
- 1Y
- 51.23%
- 3Y*
- 25.33%
- 5Y*
- 18.00%
- 10Y*
- —
- ALL TIME*
- 19.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LKSCX vs. NEAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LKSCX LKCM Small Cap Equity Fund | 6.95% | 13.22% | 15.35% | 22.57% | -22.14% | 14.54% | 34.70% | 22.68% | -5.67% | 17.08% |
NEAIX Needham Aggressive Growth Fund Institutional Class | 33.50% | 26.99% | 14.86% | 38.37% | -27.02% | 38.46% | 52.49% | 44.68% | -15.64% | 10.07% |
Correlation
The correlation between LKSCX and NEAIX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.82 |
The correlation between LKSCX and NEAIX has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
LKSCX vs. NEAIX — Risk / Return Rank
LKSCX
NEAIX
LKSCX vs. NEAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKCM Small Cap Equity Fund (LKSCX) and Needham Aggressive Growth Fund Institutional Class (NEAIX). 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 | NEAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.01 | -0.27 |
| Martin ratioReturn relative to average drawdown | 6.01 | 8.54 | -2.53 |
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Drawdowns
LKSCX vs. NEAIX - Drawdown Comparison
The maximum LKSCX drawdown since its inception was -59.07%, which is greater than NEAIX's maximum drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for LKSCX and NEAIX.
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Drawdown Indicators
| LKSCX | NEAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.07% | -35.93% | -23.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -24.09% | +14.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -28.21% | +4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -33.84% | -35.93% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | — | — |
Current DrawdownCurrent decline from peak | -3.35% | -19.69% | +16.34% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -8.60% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 5.67% | -2.81% |
Volatility
LKSCX vs. NEAIX - Volatility Comparison
The current volatility for LKCM Small Cap Equity Fund (LKSCX) is 3.88%, while Needham Aggressive Growth Fund Institutional Class (NEAIX) has a volatility of 12.97%. This indicates that LKSCX experiences smaller price fluctuations and is considered to be less risky than NEAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKSCX | NEAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 12.97% | -9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 26.27% | -14.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 30.84% | -13.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 25.66% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 25.06% | -2.01% |
LKSCX vs. NEAIX - Expense Ratio Comparison
LKSCX has a 1.03% expense ratio, which is lower than NEAIX's 1.20% expense ratio.
Dividends
LKSCX vs. NEAIX - Dividend Comparison
LKSCX's dividend yield for the trailing twelve months is around 8.40%, more than NEAIX's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKSCX LKCM Small Cap Equity Fund | 8.40% | 8.98% | 7.27% | 2.77% | 2.43% | 15.70% | 3.86% | 5.24% | 20.61% | 19.58% | 15.37% | 14.66% |
NEAIX Needham Aggressive Growth Fund Institutional Class | 1.51% | 2.01% | 0.00% | 0.00% | 0.00% | 6.84% | 3.80% | 10.42% | 16.35% | 5.14% | 0.00% | 0.00% |
Frequently Asked Questions
LKSCX and NEAIX 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.
NEAIX has higher volatility (12.97%) compared to LKSCX (3.88%). In terms of maximum drawdown, LKSCX dropped -59.07% vs NEAIX's -35.93%.
NEAIX currently has the higher Sharpe Ratio (1.57 vs 1.02), 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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