LKSMX vs. BQMGX
LKSMX (LKCM Small-Mid Cap Equity Fund) and BQMGX (Bright Rock Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, LKSMX returned 11.05%/yr vs 8.91%/yr for BQMGX. Their correlation of 0.88 means they have usually moved in the same direction. LKSMX charges 1.00%/yr vs 1.07%/yr for BQMGX.
Performance
LKSMX vs. BQMGX - Performance Comparison
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Returns By Period
In the year-to-date period, LKSMX achieves a 5.90% return, which is significantly higher than BQMGX's 2.00% return. Over the past 10 years, LKSMX has outperformed BQMGX with an annualized return of 11.05%, while BQMGX has yielded a comparatively lower 8.91% annualized return.
LKSMX
- 1D
- 2.30%
- 1M
- -1.48%
- 6M
- 2.39%
- YTD
- 5.90%
- 1Y
- 9.57%
- 3Y*
- 12.30%
- 5Y*
- 5.38%
- 10Y*
- 11.05%
- ALL TIME*
- 8.53%
BQMGX
- 1D
- 0.97%
- 1M
- 1.44%
- 6M
- 1.09%
- YTD
- 2.00%
- 1Y
- -2.88%
- 3Y*
- 6.40%
- 5Y*
- 2.63%
- 10Y*
- 8.91%
- ALL TIME*
- 9.50%
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 |
LKSMX vs. BQMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LKSMX LKCM Small-Mid Cap Equity Fund | 5.90% | 5.27% | 15.64% | 25.76% | -22.23% | 15.44% | 30.55% | 31.02% | -8.91% | 24.18% |
BQMGX Bright Rock Mid Cap Growth Fund | 2.00% | -0.29% | 14.16% | 13.00% | -19.44% | 23.02% | 19.62% | 32.05% | -6.68% | 22.16% |
Correlation
The correlation between LKSMX and BQMGX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 2, 2011 | 0.88 |
Over the past year, the correlation between LKSMX and BQMGX has dropped to 0.67 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
LKSMX vs. BQMGX — Risk / Return Rank
LKSMX
BQMGX
LKSMX vs. BQMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKCM Small-Mid Cap Equity Fund (LKSMX) and Bright Rock Mid Cap Growth Fund (BQMGX). 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.
| LKSMX | BQMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | -0.02 | +0.88 |
| Martin ratioReturn relative to average drawdown | 2.70 | -0.04 | +2.74 |
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Drawdowns
LKSMX vs. BQMGX - Drawdown Comparison
The maximum LKSMX drawdown since its inception was -39.56%, which is greater than BQMGX's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for LKSMX and BQMGX.
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Drawdown Indicators
| LKSMX | BQMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.56% | -36.05% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -11.62% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -18.72% | -2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -25.92% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -36.05% | -3.51% |
Current DrawdownCurrent decline from peak | -2.20% | -4.21% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -5.88% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 5.51% | -1.35% |
Volatility
LKSMX vs. BQMGX - Volatility Comparison
LKCM Small-Mid Cap Equity Fund (LKSMX) has a higher volatility of 4.64% compared to Bright Rock Mid Cap Growth Fund (BQMGX) at 3.31%. This indicates that LKSMX's price experiences larger fluctuations and is considered to be riskier than BQMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LKSMX | BQMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.31% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 13.50% | 9.42% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 12.42% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 16.86% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.35% | 17.93% | +3.42% |
LKSMX vs. BQMGX - Expense Ratio Comparison
LKSMX has a 1.00% expense ratio, which is lower than BQMGX's 1.07% expense ratio.
Dividends
LKSMX vs. BQMGX - Dividend Comparison
LKSMX's dividend yield for the trailing twelve months is around 6.02%, more than BQMGX's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BQMGX Bright Rock Mid Cap Growth Fund | 4.04% | 4.12% | 5.99% | 0.00% | 5.90% | 8.05% | 5.27% | 3.50% | 0.00% | 0.08% | 1.07% | 5.80% |
LKSMX LKCM Small-Mid Cap Equity Fund | 6.02% | 6.38% | 0.00% | 0.00% | 8.27% | 17.23% | 6.48% | 14.23% | 21.66% | 12.01% | 18.07% | 7.12% |
Frequently Asked Questions
LKSMX and BQMGX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LKSMX has higher volatility (4.64%) compared to BQMGX (3.31%). In terms of maximum drawdown, LKSMX dropped -39.56% vs BQMGX's -36.05%.
LKSMX currently has the higher Sharpe Ratio (0.65 vs -0.02), 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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