LKSMX vs. LKFIX
Compare and contrast key facts about LKCM Small-Mid Cap Equity Fund (LKSMX) and LKCM Fixed Income Fund (LKFIX).
LKSMX is managed by LKCM. It was launched on May 2, 2011. LKFIX is managed by LKCM. It was launched on Dec 30, 1997.
Performance
LKSMX vs. LKFIX - Performance Comparison
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LKSMX vs. LKFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LKSMX LKCM Small-Mid Cap Equity Fund | -3.70% | 5.27% | 15.64% | 25.76% | -22.23% | 15.44% | 30.55% | 31.02% | -8.91% | 24.18% |
LKFIX LKCM Fixed Income Fund | -0.19% | 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, LKSMX achieves a -3.70% return, which is significantly lower than LKFIX's -0.19% return. Over the past 10 years, LKSMX has outperformed LKFIX with an annualized return of 10.61%, while LKFIX has yielded a comparatively lower 2.14% annualized return.
LKSMX
- 1D
- 2.82%
- 1M
- -7.14%
- YTD
- -3.70%
- 6M
- -2.04%
- 1Y
- 6.10%
- 3Y*
- 10.37%
- 5Y*
- 4.28%
- 10Y*
- 10.61%
LKFIX
- 1D
- 0.19%
- 1M
- -0.93%
- YTD
- -0.19%
- 6M
- 0.74%
- 1Y
- 4.14%
- 3Y*
- 4.30%
- 5Y*
- 1.62%
- 10Y*
- 2.14%
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LKSMX vs. LKFIX - Expense Ratio Comparison
LKSMX has a 1.00% expense ratio, which is higher than LKFIX's 0.50% expense ratio.
Return for Risk
LKSMX vs. LKFIX — Risk / Return Rank
LKSMX
LKFIX
LKSMX vs. LKFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKCM Small-Mid Cap Equity Fund (LKSMX) 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.
| LKSMX | LKFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.58 | -1.25 |
Sortino ratioReturn per unit of downside risk | 0.62 | 2.29 | -1.66 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 2.52 | -1.98 |
Martin ratioReturn relative to average drawdown | 1.73 | 9.71 | -7.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LKSMX | LKFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.58 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.55 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.82 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.25 | -0.86 |
Correlation
The correlation between LKSMX and LKFIX is -0.03. 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
LKSMX vs. LKFIX - Dividend Comparison
LKSMX's dividend yield for the trailing twelve months is around 6.62%, more than LKFIX's 3.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKSMX LKCM Small-Mid Cap Equity Fund | 6.62% | 6.38% | 0.00% | 0.00% | 8.27% | 17.23% | 6.48% | 14.23% | 21.66% | 12.01% | 18.07% | 7.12% |
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
LKSMX vs. LKFIX - Drawdown Comparison
The maximum LKSMX drawdown since its inception was -39.56%, which is greater than LKFIX's maximum drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for LKSMX and LKFIX.
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Drawdown Indicators
| LKSMX | LKFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.56% | -8.97% | -30.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -1.76% | -11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -8.60% | -18.91% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -8.97% | -30.59% |
Current DrawdownCurrent decline from peak | -10.63% | -1.21% | -9.42% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -1.12% | -6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 0.46% | +3.56% |
Volatility
LKSMX vs. LKFIX - Volatility Comparison
LKCM Small-Mid Cap Equity Fund (LKSMX) has a higher volatility of 6.99% compared to LKCM Fixed Income Fund (LKFIX) at 1.10%. This indicates that LKSMX'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.
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Volatility by Period
| LKSMX | LKFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 1.10% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 1.66% | +11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 2.82% | +17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 2.94% | +16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 2.62% | +18.70% |