PTY vs. LKFIX
PTY (PIMCO Corporate & Income Opportunity Fund) and LKFIX (LKCM Fixed Income Fund) are both Corporate Bonds funds. Over the past 10 years, PTY returned 8.56%/yr vs 2.01%/yr for LKFIX. At a 0.08 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.50%/yr for LKFIX.
Performance
PTY vs. LKFIX - Performance Comparison
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Returns By Period
Over the past 10 years, PTY has outperformed LKFIX with an annualized return of 8.56%, while LKFIX has yielded a comparatively lower 2.01% annualized return.
PTY
- 1D
- 0.60%
- 1M
- 0.76%
- YTD
- -3.45%
- 6M
- -2.62%
- 1Y
- -3.79%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 8.56%
LKFIX
- 1D
- -0.28%
- 1M
- 0.29%
- YTD
- -0.00%
- 6M
- 0.27%
- 1Y
- 3.26%
- 3Y*
- 4.44%
- 5Y*
- 1.59%
- 10Y*
- 2.01%
PTY vs. LKFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.45% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
LKFIX LKCM Fixed Income Fund | -0.00% | 6.66% | 3.06% | 4.98% | -5.63% | -1.54% | 4.29% | 6.71% | 0.26% | 2.15% |
Correlation
The correlation between PTY and LKFIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | 0.08 |
Over the past year, PTY and LKFIX have become more correlated (0.32) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
PTY vs. LKFIX — Risk / Return Rank
PTY
LKFIX
PTY vs. LKFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and LKCM Fixed Income Fund (LKFIX). 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.
| PTY | LKFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.25 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.96 | -2.21 |
| Martin ratioReturn relative to average drawdown | -0.47 | 5.93 | -6.39 |
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Drawdowns
PTY vs. LKFIX - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than LKFIX's maximum drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for PTY and LKFIX.
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Drawdown Indicators
| PTY | LKFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -8.97% | -51.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -1.76% | -13.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -2.19% | -13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -8.60% | -32.78% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -8.97% | -37.58% |
Current DrawdownCurrent decline from peak | -12.37% | -1.02% | -11.35% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -1.12% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 0.58% | +7.53% |
Volatility
PTY vs. LKFIX - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 1.99% compared to LKCM Fixed Income Fund (LKFIX) at 0.79%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than LKFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | LKFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.79% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 1.94% | +5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.92% | 2.54% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 2.99% | +14.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 2.64% | +18.55% |
PTY vs. LKFIX - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than LKFIX's 0.50% expense ratio.
Dividends
PTY vs. LKFIX - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.12%, more than LKFIX's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKFIX LKCM Fixed Income Fund | 3.70% | 3.57% | 3.03% | 2.28% | 1.57% | 1.36% | 1.74% | 2.27% | 2.26% | 2.04% | 2.18% | 2.78% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.12% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
Frequently Asked Questions
PTY and LKFIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (1.99%) compared to LKFIX (0.79%). In terms of maximum drawdown, PTY dropped -60.86% vs LKFIX's -8.97%.
LKFIX currently has the higher Sharpe Ratio (1.37 vs -0.35), 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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