ALFAX vs. LGLIX

Last updated Aug 4, 2026

ALFAX (Lord Abbett Alpha Strategy Fund) and LGLIX (Lord Abbett Growth Leaders Fund) are both mutual funds - ALFAX is a Small Cap Growth Equities fund managed by Lord Abbett, while LGLIX is a Large Cap Growth Equities fund managed by Lord Abbett. Over the past 10 years, ALFAX returned 9.97%/yr vs 16.96%/yr for LGLIX. Their correlation of 0.81 means they have usually moved in the same direction. ALFAX charges 1.40%/yr vs 0.64%/yr for LGLIX.

Performance

ALFAX vs. LGLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Alpha Strategy Fund (ALFAX) and Lord Abbett Growth Leaders Fund (LGLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALFAX achieves a 16.08% return, which is significantly higher than LGLIX's 2.84% return. Over the past 10 years, ALFAX has underperformed LGLIX with an annualized return of 9.97%, while LGLIX has yielded a comparatively higher 16.96% annualized return.

ALFAX

• 1D: 0.06%
• 1M: -3.23%
• 6M: 9.67%
• YTD: 16.08%
• 1Y: 25.19%
• 3Y*: 12.91%
• 5Y*: 4.93%
• 10Y*: 9.97%
• ALL TIME*: 8.47%

LGLIX

• 1D: 0.85%
• 1M: -4.04%
• 6M: 4.36%
• YTD: 2.84%
• 1Y: 8.75%
• 3Y*: 22.29%
• 5Y*: 7.72%
• 10Y*: 16.96%
• ALL TIME*: 15.33%

*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)
ALFAX Lord Abbett Alpha Strategy Fund	$0.00	$0.00	$0.00
LGLIX Lord Abbett Growth Leaders Fund	$0.00	$0.00	$0.00

ALFAX vs. LGLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALFAX Lord Abbett Alpha Strategy Fund	16.08%	8.80%	13.18%	13.92%	-23.50%	15.01%	26.16%	24.95%	-9.72%	20.61%
LGLIX Lord Abbett Growth Leaders Fund	2.84%	16.49%	44.97%	33.29%	-38.73%	8.62%	77.55%	35.02%	-1.08%	31.64%

Correlation

The correlation between ALFAX and LGLIX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Jun 29, 2011	0.81

The correlation between ALFAX and LGLIX has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

Return for Risk

ALFAX vs. LGLIX — Risk / Return Rank

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

ALFAX

ALFAX Risk / Return Rank: 47
ALFAX Sharpe Ratio Rank: 39
ALFAX Sortino Ratio Rank: 40
ALFAX Omega Ratio Rank: 36
ALFAX Calmar Ratio Rank: 64
ALFAX Martin Ratio Rank: 54

LGLIX

LGLIX Risk / Return Rank: 7
LGLIX Sharpe Ratio Rank: 7
LGLIX Sortino Ratio Rank: 8
LGLIX Omega Ratio Rank: 8
LGLIX Calmar Ratio Rank: 7
LGLIX Martin Ratio Rank: 7

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.

ALFAX vs. LGLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Alpha Strategy Fund (ALFAX) and Lord Abbett Growth Leaders Fund (LGLIX). 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.

	ALFAX	LGLIX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.27	+1.01
Sortino ratio: Return per unit of downside risk	1.89	0.53	+1.36
Omega ratio: Gain probability vs. loss probability	1.23	1.06	+0.16
Calmar ratio: Return relative to maximum drawdown	2.29	0.31	+1.98
Martin ratio: Return relative to average drawdown	7.77	0.85	+6.92

ALFAX vs. LGLIX - Sharpe Ratio Comparison

The current ALFAX Sharpe Ratio is 1.28, which is higher than the LGLIX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of ALFAX and LGLIX, 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

ALFAX vs. LGLIX - Drawdown Comparison

The maximum ALFAX drawdown since its inception was -57.11%, which is greater than LGLIX's maximum drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for ALFAX and LGLIX.

Drawdown Indicators

	ALFAX	LGLIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.11%	-45.95%	-11.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-21.01%	+10.70%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-29.25%	+4.24%
Max Drawdown (5Y) Largest decline over 5 years	-33.88%	-45.95%	+12.07%
Max Drawdown (10Y) Largest decline over 10 years	-40.29%	-45.95%	+5.66%
Current Drawdown Current decline from peak	-5.72%	-7.47%	+1.75%
Average Drawdown Average peak-to-trough decline	-12.81%	-9.28%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	7.53%	-4.50%

Volatility

ALFAX vs. LGLIX - Volatility Comparison

The current volatility for Lord Abbett Alpha Strategy Fund (ALFAX) is 5.52%, while Lord Abbett Growth Leaders Fund (LGLIX) has a volatility of 8.14%. This indicates that ALFAX experiences smaller price fluctuations and is considered to be less risky than LGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALFAX	LGLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	8.14%	-2.62%
Volatility (6M) Calculated over the trailing 6-month period	14.96%	19.13%	-4.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	23.86%	-5.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	26.34%	-6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	25.05%	-4.30%

ALFAX vs. LGLIX - Expense Ratio Comparison

ALFAX has a 1.40% expense ratio, which is higher than LGLIX's 0.64% expense ratio.

Dividends

ALFAX vs. LGLIX - Dividend Comparison

ALFAX's dividend yield for the trailing twelve months is around 4.57%, more than LGLIX's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALFAX Lord Abbett Alpha Strategy Fund	4.57%	5.30%	0.80%	0.46%	6.94%	5.38%	7.99%	14.66%	16.61%	11.96%	11.85%	15.83%
LGLIX Lord Abbett Growth Leaders Fund	1.94%	1.99%	0.00%	0.00%	0.00%	23.83%	9.27%	8.01%	19.82%	6.46%	0.00%	4.84%

Frequently Asked Questions

Can I hold both ALFAX and LGLIX in my portfolio?

ALFAX and LGLIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALFAX or LGLIX?

LGLIX has higher volatility (8.14%) compared to ALFAX (5.52%). In terms of maximum drawdown, ALFAX dropped -57.11% vs LGLIX's -45.95%.

Which has better risk-adjusted returns?

ALFAX currently has the higher Sharpe Ratio (1.28 vs 0.27), 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.