LLSCX vs. KMVAX
LLSCX (Longleaf Partners Small-Cap Fund) and KMVAX (Kirr Marbach Partners Value Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, LLSCX returned 5.81%/yr vs 11.09%/yr for KMVAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. LLSCX charges 0.95%/yr vs 1.45%/yr for KMVAX.
Performance
LLSCX vs. KMVAX - Performance Comparison
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Returns By Period
In the year-to-date period, LLSCX achieves a -3.30% return, which is significantly lower than KMVAX's 12.69% return. Over the past 10 years, LLSCX has underperformed KMVAX with an annualized return of 5.81%, while KMVAX has yielded a comparatively higher 11.09% annualized return.
LLSCX
- 1D
- -2.33%
- 1M
- 1.15%
- 6M
- -4.81%
- YTD
- -3.30%
- 1Y
- 1.06%
- 3Y*
- 5.40%
- 5Y*
- 2.00%
- 10Y*
- 5.81%
- ALL TIME*
- 9.87%
KMVAX
- 1D
- 1.93%
- 1M
- -0.85%
- 6M
- 8.75%
- YTD
- 12.69%
- 1Y
- 12.29%
- 3Y*
- 19.07%
- 5Y*
- 12.59%
- 10Y*
- 11.09%
- ALL TIME*
- 8.48%
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 |
LLSCX vs. KMVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLSCX Longleaf Partners Small-Cap Fund | -3.30% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
KMVAX Kirr Marbach Partners Value Fund | 12.69% | 14.44% | 27.82% | 20.42% | -16.01% | 28.83% | 2.96% | 27.03% | -19.72% | 16.12% |
Correlation
The correlation between LLSCX and KMVAX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1998 | 0.78 |
Over the past year, the correlation between LLSCX and KMVAX has dropped to 0.40 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
LLSCX vs. KMVAX — Risk / Return Rank
LLSCX
KMVAX
LLSCX vs. KMVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Small-Cap Fund (LLSCX) and Kirr Marbach Partners Value Fund (KMVAX). 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.
| LLSCX | KMVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.97 | -1.12 |
| Martin ratioReturn relative to average drawdown | -0.31 | 2.60 | -2.91 |
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Drawdowns
LLSCX vs. KMVAX - Drawdown Comparison
The maximum LLSCX drawdown since its inception was -63.97%, roughly equal to the maximum KMVAX drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for LLSCX and KMVAX.
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Drawdown Indicators
| LLSCX | KMVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.97% | -65.81% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -10.22% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -21.26% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -24.84% | -1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -42.23% | -45.41% | +3.18% |
Current DrawdownCurrent decline from peak | -7.56% | -2.35% | -5.21% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -9.94% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 3.82% | +1.80% |
Volatility
LLSCX vs. KMVAX - Volatility Comparison
Longleaf Partners Small-Cap Fund (LLSCX) has a higher volatility of 5.13% compared to Kirr Marbach Partners Value Fund (KMVAX) at 4.11%. This indicates that LLSCX's price experiences larger fluctuations and is considered to be riskier than KMVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLSCX | KMVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 4.11% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 12.22% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 16.34% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 18.44% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 20.08% | +4.50% |
LLSCX vs. KMVAX - Expense Ratio Comparison
LLSCX has a 0.95% expense ratio, which is lower than KMVAX's 1.45% expense ratio.
Dividends
LLSCX vs. KMVAX - Dividend Comparison
LLSCX's dividend yield for the trailing twelve months is around 1.21%, less than KMVAX's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMVAX Kirr Marbach Partners Value Fund | 4.70% | 5.30% | 7.58% | 3.35% | 3.57% | 3.72% | 1.35% | 2.11% | 9.38% | 6.87% | 5.64% | 0.34% |
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Frequently Asked Questions
LLSCX and KMVAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLSCX has higher volatility (5.13%) compared to KMVAX (4.11%). In terms of maximum drawdown, LLSCX dropped -63.97% vs KMVAX's -65.81%.
KMVAX currently has the higher Sharpe Ratio (0.61 vs -0.13), 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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