LMSIX vs. SBHVX

Last updated Aug 1, 2026

LMSIX (Franklin U.S. Small Cap Equity Fund) and SBHVX (Segall Bryant & Hamill Small Cap Value Fund) are both Small Cap Blend Equities funds. Over the past 10 years, LMSIX returned 11.14%/yr vs 10.27%/yr for SBHVX. Their correlation of 0.92 means they have usually moved in the same direction. LMSIX charges 1.03%/yr vs 0.97%/yr for SBHVX.

Performance

LMSIX vs. SBHVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Small Cap Equity Fund (LMSIX) and Segall Bryant & Hamill Small Cap Value Fund (SBHVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LMSIX having a 19.73% return and SBHVX slightly higher at 19.96%. Over the past 10 years, LMSIX has outperformed SBHVX with an annualized return of 11.14%, while SBHVX has yielded a comparatively lower 10.27% annualized return.

LMSIX

• 1D: 1.15%
• 1M: -0.16%
• 6M: 14.39%
• YTD: 19.73%
• 1Y: 40.26%
• 3Y*: 18.86%
• 5Y*: 11.07%
• 10Y*: 11.14%
• ALL TIME*: 8.13%

SBHVX

• 1D: 1.53%
• 1M: -3.28%
• 6M: 10.58%
• YTD: 19.96%
• 1Y: 38.69%
• 3Y*: 15.39%
• 5Y*: 8.25%
• 10Y*: 10.27%
• ALL TIME*: 8.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LMSIX Franklin U.S. Small Cap Equity Fund	$0.00	$0.00	$0.00
SBHVX Segall Bryant & Hamill Small Cap Value Fund	$0.00	$0.00	$0.00

LMSIX vs. SBHVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMSIX Franklin U.S. Small Cap Equity Fund	19.73%	20.19%	9.90%	18.80%	-15.16%	29.12%	11.29%	20.75%	-15.61%	8.81%
SBHVX Segall Bryant & Hamill Small Cap Value Fund	19.96%	12.27%	12.31%	11.97%	-14.66%	16.61%	6.22%	24.65%	-4.54%	10.92%

Correlation

The correlation between LMSIX and SBHVX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
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, 2014	0.92

The correlation between LMSIX and SBHVX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

LMSIX vs. SBHVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LMSIX

LMSIX Risk / Return Rank: 86
LMSIX Sharpe Ratio Rank: 83
LMSIX Sortino Ratio Rank: 81
LMSIX Omega Ratio Rank: 76
LMSIX Calmar Ratio Rank: 94
LMSIX Martin Ratio Rank: 93

SBHVX

SBHVX Risk / Return Rank: 73
SBHVX Sharpe Ratio Rank: 70
SBHVX Sortino Ratio Rank: 72
SBHVX Omega Ratio Rank: 64
SBHVX Calmar Ratio Rank: 82
SBHVX Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LMSIX vs. SBHVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Small Cap Equity Fund (LMSIX) and Segall Bryant & Hamill Small Cap Value Fund (SBHVX). 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.

	LMSIX	SBHVX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.69	+0.32
Sortino ratio: Return per unit of downside risk	2.84	2.49	+0.35
Omega ratio: Gain probability vs. loss probability	1.34	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	4.06	2.83	+1.23
Martin ratio: Return relative to average drawdown	14.06	9.60	+4.47

LMSIX vs. SBHVX - Sharpe Ratio Comparison

The current LMSIX Sharpe Ratio is 2.00, which is comparable to the SBHVX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of LMSIX and SBHVX, 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

LMSIX vs. SBHVX - Drawdown Comparison

The maximum LMSIX drawdown since its inception was -61.16%, which is greater than SBHVX's maximum drawdown of -41.54%. Use the drawdown chart below to compare losses from any high point for LMSIX and SBHVX.

Drawdown Indicators

	LMSIX	SBHVX	Difference
Max Drawdown Largest peak-to-trough decline	-61.16%	-41.54%	-19.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-12.18%	+2.96%
Max Drawdown (3Y) Largest decline over 3 years	-26.80%	-29.43%	+2.63%
Max Drawdown (5Y) Largest decline over 5 years	-27.66%	-29.43%	+1.77%
Max Drawdown (10Y) Largest decline over 10 years	-50.26%	-41.54%	-8.72%
Current Drawdown Current decline from peak	-1.29%	-4.62%	+3.33%
Average Drawdown Average peak-to-trough decline	-10.82%	-7.20%	-3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	3.59%	-0.93%

Volatility

LMSIX vs. SBHVX - Volatility Comparison

The current volatility for Franklin U.S. Small Cap Equity Fund (LMSIX) is 3.88%, while Segall Bryant & Hamill Small Cap Value Fund (SBHVX) has a volatility of 4.97%. This indicates that LMSIX experiences smaller price fluctuations and is considered to be less risky than SBHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMSIX	SBHVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.97%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	13.52%	14.09%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.70%	20.52%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.87%	21.28%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.45%	21.27%	+2.18%

LMSIX vs. SBHVX - Expense Ratio Comparison

LMSIX has a 1.03% expense ratio, which is higher than SBHVX's 0.97% expense ratio.

Dividends

LMSIX vs. SBHVX - Dividend Comparison

LMSIX's dividend yield for the trailing twelve months is around 6.73%, less than SBHVX's 9.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMSIX Franklin U.S. Small Cap Equity Fund	6.73%	6.35%	4.05%	3.70%	5.18%	21.64%	3.60%	1.48%	11.17%	8.85%	4.79%	7.52%
SBHVX Segall Bryant & Hamill Small Cap Value Fund	9.71%	11.65%	4.61%	1.37%	1.25%	4.66%	0.95%	6.05%	10.28%	6.78%	0.22%	5.76%

Frequently Asked Questions

Can I hold both LMSIX and SBHVX in my portfolio?

LMSIX and SBHVX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMSIX or SBHVX?

SBHVX has higher volatility (4.97%) compared to LMSIX (3.88%). In terms of maximum drawdown, LMSIX dropped -61.16% vs SBHVX's -41.54%.

Which has better risk-adjusted returns?

LMSIX currently has the higher Sharpe Ratio (2.00 vs 1.69), 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.