LMISX vs. LCSSX

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin U.S. Large Cap Equity Fund (LMISX) and ClearBridge Select Fund (LCSSX).

LMISX is managed by Legg Mason. It was launched on Apr 30, 2008. LCSSX is managed by Legg Mason. It was launched on Nov 30, 2012.

Performance

LMISX vs. LCSSX - Performance Comparison

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

LMISX vs. LCSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMISX Franklin U.S. Large Cap Equity Fund	-6.94%	18.05%	29.58%	27.88%	-20.61%	31.69%	17.20%	25.95%	-7.57%	23.50%
LCSSX ClearBridge Select Fund	-10.67%	7.26%	21.54%	24.25%	-33.06%	20.27%	58.86%	33.60%	10.56%	39.04%

Returns By Period

In the year-to-date period, LMISX achieves a -6.94% return, which is significantly higher than LCSSX's -10.67% return. Over the past 10 years, LMISX has underperformed LCSSX with an annualized return of 13.37%, while LCSSX has yielded a comparatively higher 15.67% annualized return.

LMISX

• 1D: -0.35%
• 1M: -7.34%
• YTD: -6.94%
• 6M: -3.94%
• 1Y: 17.44%
• 3Y*: 19.40%
• 5Y*: 11.96%
• 10Y*: 13.37%

LCSSX

• 1D: -0.70%
• 1M: -8.33%
• YTD: -10.67%
• 6M: -12.76%
• 1Y: 5.24%
• 3Y*: 10.12%
• 5Y*: 1.92%
• 10Y*: 15.67%

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

LMISX vs. LCSSX - Expense Ratio Comparison

LMISX has a 0.70% expense ratio, which is lower than LCSSX's 0.99% expense ratio.

LCSSX

ClearBridge Select Fund

LMISX

Franklin U.S. Large Cap Equity Fund

Return for Risk

LMISX vs. LCSSX — Risk / Return Rank

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

LMISX

LMISX Risk / Return Rank: 58
LMISX Sharpe Ratio Rank: 52
LMISX Sortino Ratio Rank: 57
LMISX Omega Ratio Rank: 58
LMISX Calmar Ratio Rank: 53
LMISX Martin Ratio Rank: 68

LCSSX

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

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.

LMISX vs. LCSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Large Cap Equity Fund (LMISX) 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.

	LMISX	LCSSX	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.25	+0.76
Sortino ratio Return per unit of downside risk	1.53	0.50	+1.03
Omega ratio Gain probability vs. loss probability	1.23	1.07	+0.16
Calmar ratio Return relative to maximum drawdown	1.30	0.22	+1.08
Martin ratio Return relative to average drawdown	6.44	0.71	+5.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMISX vs. LCSSX - Sharpe Ratio Comparison

The current LMISX Sharpe Ratio is 1.00, which is higher than the LCSSX Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of LMISX and LCSSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LMISX	LCSSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.25	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.09	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.72	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.73	-0.22

Correlation

The correlation between LMISX and LCSSX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

LMISX vs. LCSSX - Dividend Comparison

LMISX's dividend yield for the trailing twelve months is around 4.41%, while LCSSX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMISX Franklin U.S. Large Cap Equity Fund	4.41%	4.11%	3.97%	7.68%	0.95%	25.55%	3.53%	8.42%	17.16%	6.53%	1.42%	6.23%
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%

Drawdowns

LMISX vs. LCSSX - Drawdown Comparison

The maximum LMISX drawdown since its inception was -50.34%, which is greater than LCSSX's maximum drawdown of -43.46%. Use the drawdown chart below to compare losses from any high point for LMISX and LCSSX.

Drawdown Indicators

	LMISX	LCSSX	Difference
Max Drawdown Largest peak-to-trough decline	-50.34%	-43.46%	-6.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-14.24%	+2.15%
Max Drawdown (5Y) Largest decline over 5 years	-26.11%	-43.46%	+17.35%
Max Drawdown (10Y) Largest decline over 10 years	-35.27%	-43.46%	+8.19%
Current Drawdown Current decline from peak	-8.69%	-14.24%	+5.55%
Average Drawdown Average peak-to-trough decline	-7.68%	-9.26%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	4.34%	-1.91%

Volatility

LMISX vs. LCSSX - Volatility Comparison

The current volatility for Franklin U.S. Large Cap Equity Fund (LMISX) is 3.99%, while ClearBridge Select Fund (LCSSX) has a volatility of 5.54%. This indicates that LMISX experiences smaller price fluctuations and is considered to be less risky than LCSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMISX	LCSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	5.54%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	11.39%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	20.32%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	21.82%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	21.91%	-3.16%