LLPFX vs. LLGLX
LLPFX (Longleaf Partners Fund) and LLGLX (Longleaf Partners Global Fund) are both mutual funds - LLPFX is a Large Cap Value Equities fund managed by Longleaf Partners, while LLGLX is a Global Equities fund managed by Longleaf Partners. Over the past 10 years, LLPFX returned 6.05%/yr vs 7.38%/yr for LLGLX. Their correlation of 0.91 means they have usually moved in the same direction. LLPFX charges 0.79%/yr vs 1.15%/yr for LLGLX.
Performance
LLPFX vs. LLGLX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LLPFX having a 3.78% return and LLGLX slightly higher at 3.93%. Over the past 10 years, LLPFX has underperformed LLGLX with an annualized return of 6.05%, while LLGLX has yielded a comparatively higher 7.38% annualized return.
LLPFX
- 1D
- 0.17%
- 1M
- 2.81%
- 6M
- 3.18%
- YTD
- 3.78%
- 1Y
- 8.02%
- 3Y*
- 5.07%
- 5Y*
- 2.62%
- 10Y*
- 6.05%
- ALL TIME*
- 9.17%
LLGLX
- 1D
- 0.28%
- 1M
- 0.55%
- 6M
- -0.95%
- YTD
- 3.93%
- 1Y
- 11.74%
- 3Y*
- 9.51%
- 5Y*
- 4.13%
- 10Y*
- 7.38%
- ALL TIME*
- 6.17%
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 |
LLPFX vs. LLGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLPFX Longleaf Partners Fund | 3.78% | 2.88% | 8.82% | 24.50% | -23.20% | 23.42% | 10.27% | 16.81% | -17.94% | 15.55% |
LLGLX Longleaf Partners Global Fund | 3.93% | 16.68% | 10.54% | 22.48% | -24.14% | 8.09% | 3.60% | 22.46% | -16.14% | 26.34% |
Correlation
The correlation between LLPFX and LLGLX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.91 |
The correlation between LLPFX and LLGLX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
LLPFX vs. LLGLX — Risk / Return Rank
LLPFX
LLGLX
LLPFX vs. LLGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Fund (LLPFX) and Longleaf Partners Global Fund (LLGLX). 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.
| LLPFX | LLGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.15 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.89 | -0.16 |
| Martin ratioReturn relative to average drawdown | 1.67 | 2.16 | -0.49 |
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Drawdowns
LLPFX vs. LLGLX - Drawdown Comparison
The maximum LLPFX drawdown since its inception was -65.74%, which is greater than LLGLX's maximum drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for LLPFX and LLGLX.
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Drawdown Indicators
| LLPFX | LLGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.74% | -40.46% | -25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -13.45% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.52% | -19.94% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -32.06% | -35.84% | +3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -40.46% | -3.11% |
Current DrawdownCurrent decline from peak | -0.82% | -3.58% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -10.80% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 5.52% | -1.25% |
Volatility
LLPFX vs. LLGLX - Volatility Comparison
Longleaf Partners Fund (LLPFX) has a higher volatility of 5.20% compared to Longleaf Partners Global Fund (LLGLX) at 4.89%. This indicates that LLPFX's price experiences larger fluctuations and is considered to be riskier than LLGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLPFX | LLGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 4.89% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 10.11% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 14.35% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 18.51% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 18.79% | +0.43% |
LLPFX vs. LLGLX - Expense Ratio Comparison
LLPFX has a 0.79% expense ratio, which is lower than LLGLX's 1.15% expense ratio.
Dividends
LLPFX vs. LLGLX - Dividend Comparison
LLPFX's dividend yield for the trailing twelve months is around 12.40%, more than LLGLX's 9.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLGLX Longleaf Partners Global Fund | 9.21% | 9.57% | 3.16% | 0.14% | 0.90% | 7.15% | 2.99% | 4.31% | 12.38% | 1.09% | 0.49% | 0.24% |
LLPFX Longleaf Partners Fund | 12.40% | 12.87% | 1.02% | 0.67% | 4.49% | 7.79% | 2.95% | 5.44% | 22.49% | 8.85% | 2.10% | 18.65% |
Frequently Asked Questions
LLPFX and LLGLX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLPFX has higher volatility (5.20%) compared to LLGLX (4.89%). In terms of maximum drawdown, LLPFX dropped -65.74% vs LLGLX's -40.46%.
LLGLX currently has the higher Sharpe Ratio (0.84 vs 0.50), 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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