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 5.72%/yr vs 11.64%/yr for KMVAX. A 0.79 correlation means they provide meaningful diversification when combined. 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 -6.53% return, which is significantly lower than KMVAX's 13.31% return. Over the past 10 years, LLSCX has underperformed KMVAX with an annualized return of 5.72%, while KMVAX has yielded a comparatively higher 11.64% annualized return.
LLSCX
- 1D
- 0.63%
- 1M
- -0.80%
- YTD
- -6.53%
- 6M
- -6.85%
- 1Y
- -3.18%
- 3Y*
- 6.81%
- 5Y*
- 1.11%
- 10Y*
- 5.72%
KMVAX
- 1D
- 0.86%
- 1M
- 0.91%
- YTD
- 13.31%
- 6M
- 12.10%
- 1Y
- 20.63%
- 3Y*
- 21.11%
- 5Y*
- 13.94%
- 10Y*
- 11.64%
LLSCX vs. KMVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLSCX Longleaf Partners Small-Cap Fund | -6.53% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
KMVAX Kirr Marbach Partners Value Fund | 13.31% | 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 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1998 | 0.79 |
Over the past year, the correlation between LLSCX and KMVAX has dropped to 0.53 - well below their long-term average of 0.79, 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 | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.23 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.06 | -2.29 |
| Martin ratioReturn relative to average drawdown | -0.53 | 5.56 | -6.09 |
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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 | -11.30% | -10.22% | -1.08% |
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 | -10.65% | -1.66% | -8.99% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -9.97% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 3.78% | +1.17% |
Volatility
LLSCX vs. KMVAX - Volatility Comparison
The current volatility for Longleaf Partners Small-Cap Fund (LLSCX) is 4.02%, while Kirr Marbach Partners Value Fund (KMVAX) has a volatility of 5.09%. This indicates that LLSCX experiences smaller price fluctuations and is considered to be less risky 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 | 4.02% | 5.09% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 12.25% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 16.07% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 18.46% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 20.17% | +4.42% |
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 1.26%, less than KMVAX's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMVAX Kirr Marbach Partners Value Fund | 4.67% | 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 | 1.26% | 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 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMVAX has higher volatility (5.09%) compared to LLSCX (4.02%). In terms of maximum drawdown, LLSCX dropped -63.97% vs KMVAX's -65.81%.
KMVAX currently has the higher Sharpe Ratio (1.31 vs -0.20), 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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