SBHVX vs. LMSIX

Last updated Jun 4, 2026

SBHVX (Segall Bryant & Hamill Small Cap Value Fund) and LMSIX (Franklin U.S. Small Cap Equity Fund) are both Small Cap Blend Equities funds. Over the past 10 years, SBHVX returned 10.55%/yr vs 11.23%/yr for LMSIX. Their correlation of 0.92 suggests significant overlap in exposure. SBHVX charges 0.97%/yr vs 1.03%/yr for LMSIX.

Performance

SBHVX vs. LMSIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SBHVX achieves a 20.69% return, which is significantly higher than LMSIX's 16.18% return. Over the past 10 years, SBHVX has underperformed LMSIX with an annualized return of 10.55%, while LMSIX has yielded a comparatively higher 11.23% annualized return.

SBHVX

• 1D: 1.46%
• 1M: 4.81%
• YTD: 20.69%
• 6M: 20.39%
• 1Y: 44.43%
• 3Y*: 18.41%
• 5Y*: 7.47%
• 10Y*: 10.55%

LMSIX

• 1D: 1.17%
• 1M: 3.36%
• YTD: 16.18%
• 6M: 15.04%
• 1Y: 41.69%
• 3Y*: 21.49%
• 5Y*: 9.34%
• 10Y*: 11.23%

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

SBHVX vs. LMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBHVX Segall Bryant & Hamill Small Cap Value Fund	20.69%	12.27%	12.31%	11.97%	-14.66%	16.61%	6.22%	24.65%	-4.54%	10.92%
LMSIX Franklin U.S. Small Cap Equity Fund	16.18%	20.19%	9.90%	18.80%	-15.16%	29.12%	11.29%	20.75%	-15.61%	8.81%

Correlation

The correlation between SBHVX and LMSIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.92

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

Return for Risk

SBHVX vs. LMSIX — Risk / Return Rank

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

SBHVX

SBHVX Risk / Return Rank: 66
SBHVX Sharpe Ratio Rank: 65
SBHVX Sortino Ratio Rank: 63
SBHVX Omega Ratio Rank: 53
SBHVX Calmar Ratio Rank: 83
SBHVX Martin Ratio Rank: 68

LMSIX

LMSIX Risk / Return Rank: 72
LMSIX Sharpe Ratio Rank: 67
LMSIX Sortino Ratio Rank: 62
LMSIX Omega Ratio Rank: 54
LMSIX Calmar Ratio Rank: 91
LMSIX Martin Ratio Rank: 86

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.

SBHVX vs. LMSIX - Risk-Adjusted Trends Comparison

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

	SBHVX	LMSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.39	-0.03
Sortino ratio: Return per unit of downside risk	3.33	3.31	+0.03
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	3.91	4.76	-0.86
Martin ratio: Return relative to average drawdown	13.27	16.58	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBHVX vs. LMSIX - Sharpe Ratio Comparison

The current SBHVX Sharpe Ratio is 2.36, which is comparable to the LMSIX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of SBHVX and LMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBHVX	LMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.39	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.43	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.48	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.34	+0.10

Drawdowns

SBHVX vs. LMSIX - Drawdown Comparison

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

Drawdown Indicators

	SBHVX	LMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.54%	-61.16%	+19.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-9.22%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	-29.43%	-26.80%	-2.63%
Max Drawdown (5Y) Largest decline over 5 years	-29.43%	-27.66%	-1.77%
Max Drawdown (10Y) Largest decline over 10 years	-41.54%	-50.26%	+8.72%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.27%	-10.89%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	2.64%	+0.94%

Volatility

SBHVX vs. LMSIX - Volatility Comparison

Segall Bryant & Hamill Small Cap Value Fund (SBHVX) and Franklin U.S. Small Cap Equity Fund (LMSIX) have volatilities of 5.48% and 5.31%, 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

	SBHVX	LMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	5.31%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	13.70%	12.90%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	20.15%	18.36%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	21.95%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	23.50%	-2.21%

SBHVX vs. LMSIX - Expense Ratio Comparison

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

Dividends

SBHVX vs. LMSIX - Dividend Comparison

SBHVX's dividend yield for the trailing twelve months is around 9.65%, more than LMSIX's 5.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMSIX Franklin U.S. Small Cap Equity Fund	5.46%	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	9.65%	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 SBHVX and LMSIX in my portfolio?

SBHVX and LMSIX 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, SBHVX or LMSIX?

SBHVX has higher volatility (5.48%) compared to LMSIX (5.31%). In terms of maximum drawdown, SBHVX dropped -41.54% vs LMSIX's -61.16%.

Which has better risk-adjusted returns?

LMSIX currently has the higher Sharpe Ratio (2.39 vs 2.36), 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.