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LOMAX vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

LOMAX vs. ^GSPC

Last updated Jun 4, 2026

LOMAX (Edgar Lomax Value Fund) is Large Cap Value Equities fund managed by Edgar Lomax, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, LOMAX returned 10.56%/yr vs 13.66%/yr for ^GSPC. Their correlation of 0.85 suggests significant overlap in exposure.

Performance

LOMAX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Edgar Lomax Value Fund (LOMAX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LOMAX achieves a 8.88% return, which is significantly lower than ^GSPC's 10.35% return. Over the past 10 years, LOMAX has underperformed ^GSPC with an annualized return of 10.56%, while ^GSPC has yielded a comparatively higher 13.66% annualized return.

LOMAX

1D
0.11%
1M
0.06%
YTD
8.88%
6M
9.94%
1Y
24.13%
3Y*
16.33%
5Y*
9.46%
10Y*
10.56%

^GSPC

1D
-0.74%
1M
4.90%
YTD
10.35%
6M
10.28%
1Y
26.52%
3Y*
20.83%
5Y*
12.30%
10Y*
13.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LOMAX vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LOMAX
Edgar Lomax Value Fund		8.88%18.09%10.29%5.19%-0.46%25.80%-5.77%23.27%-3.31%19.52%
^GSPC
S&P 500 Index		10.35%16.39%23.31%24.23%-19.44%26.89%16.26%28.88%-6.24%19.42%

Correlation

The correlation between LOMAX and ^GSPC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (10Y)
Calculated over the trailing 10-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Dec 15, 1997

0.85

Over the past year, the correlation between LOMAX and ^GSPC has dropped to 0.44 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

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Edgar Lomax Value Fund

S&P 500 Index

Often compared with LOMAX:
LOMAX vs. GRISXLOMAX vs. VALAXLOMAX vs. PSECXLOMAX vs. RMFGXLOMAX vs. BBLULOMAX vs. RWMGXLOMAX vs. FOCPX
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

LOMAX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LOMAX
LOMAX Risk / Return Rank: 7979
Overall Rank
LOMAX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
LOMAX Sortino Ratio Rank: 7979
Sortino Ratio Rank
LOMAX Omega Ratio Rank: 6060
Omega Ratio Rank
LOMAX Calmar Ratio Rank: 9393
Calmar Ratio Rank
LOMAX Martin Ratio Rank: 8787
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 7373
Overall Rank
^GSPC Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7171
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7272
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 6767
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8181
Martin Ratio Rank
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.

LOMAX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Edgar Lomax Value Fund (LOMAX) and S&P 500 Index (^GSPC). 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.

LOMAX^GSPCDifference
Sharpe ratioReturn per unit of total volatility
2.54
2.24

+0.30

Sortino ratioReturn per unit of downside risk
3.74
3.07

+0.67

Omega ratioGain probability vs. loss probability

1.43

1.41

+0.03

Calmar ratioReturn relative to maximum drawdown

5.11

2.93

+2.18

Martin ratioReturn relative to average drawdown

16.90

13.52

+3.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOMAX vs. ^GSPC - Sharpe Ratio Comparison

The current LOMAX Sharpe Ratio is 2.54, which is comparable to the ^GSPC Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of LOMAX and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LOMAX^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.54

2.24

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.73

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.76

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.47

-0.08

Drawdowns

LOMAX vs. ^GSPC - Drawdown Comparison

The maximum LOMAX drawdown since its inception was -57.82%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LOMAX and ^GSPC.

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Drawdown Indicators

LOMAX^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-57.82%

-56.78%

-1.04%

Max Drawdown (1Y)

Largest decline over 1 year

-4.86%

-9.10%

+4.24%

Max Drawdown (3Y)

Largest decline over 3 years

-11.93%

-18.90%

+6.97%

Max Drawdown (5Y)

Largest decline over 5 years

-17.50%

-25.43%

+7.93%

Max Drawdown (10Y)

Largest decline over 10 years

-37.81%

-33.92%

-3.89%

Current Drawdown

Current decline from peak

-1.74%

-0.74%

-1.00%

Average Drawdown

Average peak-to-trough decline

-9.40%

-10.72%

+1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.47%

1.97%

-0.50%

Volatility

LOMAX vs. ^GSPC - Volatility Comparison

The current volatility for Edgar Lomax Value Fund (LOMAX) is 2.66%, while S&P 500 Index (^GSPC) has a volatility of 2.93%. This indicates that LOMAX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LOMAX^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.66%

2.93%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

6.95%

8.99%

-2.04%

Volatility (1Y)

Calculated over the trailing 1-year period

9.76%

11.89%

-2.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.23%

16.90%

-3.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.50%

18.06%

-1.56%

Frequently Asked Questions

LOMAX and ^GSPC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^GSPC has higher volatility (2.93%) compared to LOMAX (2.66%). In terms of maximum drawdown, LOMAX dropped -57.82% vs ^GSPC's -56.78%.

LOMAX currently has the higher Sharpe Ratio (2.54 vs 2.24), 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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