LMGEX vs. LCSSX

Last updated Jun 23, 2026

LMGEX (Franklin International Equity Fund) and LCSSX (ClearBridge Select Fund) are both mutual funds - LMGEX is a Foreign Large Cap Equities fund managed by Legg Mason, while LCSSX is a Mid Cap Growth Equities fund managed by Legg Mason. Over the past 10 years, LMGEX returned 8.29%/yr vs 16.95%/yr for LCSSX. A 0.66 correlation means they provide meaningful diversification when combined. LMGEX charges 2.05%/yr vs 0.99%/yr for LCSSX.

Performance

LMGEX vs. LCSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin International Equity Fund (LMGEX) and ClearBridge Select Fund (LCSSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMGEX achieves a 9.43% return, which is significantly higher than LCSSX's 3.46% return. Over the past 10 years, LMGEX has underperformed LCSSX with an annualized return of 8.29%, while LCSSX has yielded a comparatively higher 16.95% annualized return.

LMGEX

• 1D: 0.49%
• 1M: 2.89%
• YTD: 9.43%
• 6M: 9.64%
• 1Y: 23.22%
• 3Y*: 16.45%
• 5Y*: 9.42%
• 10Y*: 8.29%

LCSSX

• 1D: 0.81%
• 1M: 2.24%
• YTD: 3.46%
• 6M: 1.96%
• 1Y: 13.34%
• 3Y*: 13.44%
• 5Y*: 3.32%
• 10Y*: 16.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LMGEX vs. LCSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMGEX Franklin International Equity Fund	9.43%	32.05%	3.42%	18.48%	-13.55%	12.87%	2.74%	17.61%	-16.67%	23.58%
LCSSX ClearBridge Select Fund	3.46%	7.26%	21.54%	24.25%	-33.06%	20.27%	58.86%	33.60%	10.56%	39.04%

Correlation

The correlation between LMGEX and LCSSX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Dec 3, 2012	0.66

The correlation between LMGEX and LCSSX has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

Return for Risk

LMGEX vs. LCSSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LMGEX

LMGEX Risk / Return Rank: 29
LMGEX Sharpe Ratio Rank: 28
LMGEX Sortino Ratio Rank: 28
LMGEX Omega Ratio Rank: 27
LMGEX Calmar Ratio Rank: 29
LMGEX Martin Ratio Rank: 32

LCSSX

LCSSX Risk / Return Rank: 11
LCSSX Sharpe Ratio Rank: 12
LCSSX Sortino Ratio Rank: 11
LCSSX Omega Ratio Rank: 11
LCSSX Calmar Ratio Rank: 10
LCSSX Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LMGEX vs. LCSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Equity Fund (LMGEX) and ClearBridge Select Fund (LCSSX). 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.

	LMGEX	LCSSX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	0.87	+0.55
Sortino ratio: Return per unit of downside risk	2.05	1.27	+0.78
Omega ratio: Gain probability vs. loss probability	1.26	1.15	+0.10
Calmar ratio: Return relative to maximum drawdown	1.90	0.93	+0.97
Martin ratio: Return relative to average drawdown	6.74	2.85	+3.89

LMGEX vs. LCSSX - Sharpe Ratio Comparison

The current LMGEX Sharpe Ratio is 1.42, which is higher than the LCSSX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of LMGEX and LCSSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LMGEX vs. LCSSX - Drawdown Comparison

The maximum LMGEX drawdown since its inception was -63.37%, which is greater than LCSSX's maximum drawdown of -43.46%. Use the drawdown chart below to compare losses from any high point for LMGEX and LCSSX.

Drawdown Indicators

	LMGEX	LCSSX	Difference
Max Drawdown Largest peak-to-trough decline	-63.37%	-43.46%	-19.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.64%	-14.24%	+2.60%
Max Drawdown (3Y) Largest decline over 3 years	-13.05%	-23.67%	+10.62%
Max Drawdown (5Y) Largest decline over 5 years	-28.98%	-43.46%	+14.48%
Max Drawdown (10Y) Largest decline over 10 years	-39.79%	-43.46%	+3.67%
Current Drawdown Current decline from peak	-0.44%	-2.11%	+1.67%
Average Drawdown Average peak-to-trough decline	-18.19%	-9.17%	-9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	4.63%	-1.35%

Volatility

LMGEX vs. LCSSX - Volatility Comparison

Franklin International Equity Fund (LMGEX) and ClearBridge Select Fund (LCSSX) have volatilities of 4.88% and 5.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMGEX	LCSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	5.13%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	11.95%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	15.14%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	21.82%	-5.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	21.94%	-5.75%

LMGEX vs. LCSSX - Expense Ratio Comparison

LMGEX has a 2.05% expense ratio, which is higher than LCSSX's 0.99% expense ratio.

Dividends

LMGEX vs. LCSSX - Dividend Comparison

LMGEX's dividend yield for the trailing twelve months is around 7.57%, while LCSSX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCSSX ClearBridge Select Fund	0.00%	0.00%	0.00%	0.00%	0.01%	3.26%	0.00%	0.00%	1.28%	2.11%	1.12%	5.25%
LMGEX Franklin International Equity Fund	7.57%	8.28%	5.68%	1.51%	2.88%	5.10%	0.58%	0.49%	1.62%	1.60%	1.30%	0.91%

Frequently Asked Questions

Can I hold both LMGEX and LCSSX in my portfolio?

LMGEX and LCSSX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMGEX or LCSSX?

LCSSX has higher volatility (5.13%) compared to LMGEX (4.88%). In terms of maximum drawdown, LMGEX dropped -63.37% vs LCSSX's -43.46%.

Which has better risk-adjusted returns?

LMGEX currently has the higher Sharpe Ratio (1.42 vs 0.87), 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.