BFRAX vs. LFRIX
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and Lord Abbett Floating Rate Fund (LFRIX).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. LFRIX is managed by Lord Abbett. It was launched on Dec 30, 2007.
Performance
BFRAX vs. LFRIX - Performance Comparison
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BFRAX vs. LFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | -1.16% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 3.10% |
LFRIX Lord Abbett Floating Rate Fund | -0.93% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
Returns By Period
In the year-to-date period, BFRAX achieves a -1.16% return, which is significantly lower than LFRIX's -0.93% return. Both investments have delivered pretty close results over the past 10 years, with BFRAX having a 4.35% annualized return and LFRIX not far ahead at 4.56%.
BFRAX
- 1D
- 0.11%
- 1M
- 0.21%
- YTD
- -1.16%
- 6M
- 0.13%
- 1Y
- 4.08%
- 3Y*
- 6.28%
- 5Y*
- 4.55%
- 10Y*
- 4.35%
LFRIX
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- -0.93%
- 6M
- 0.94%
- 1Y
- 4.96%
- 3Y*
- 7.49%
- 5Y*
- 5.15%
- 10Y*
- 4.56%
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BFRAX vs. LFRIX - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than LFRIX's 0.60% expense ratio.
Return for Risk
BFRAX vs. LFRIX — Risk / Return Rank
BFRAX
LFRIX
BFRAX vs. LFRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and Lord Abbett Floating Rate Fund (LFRIX). 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.
| BFRAX | LFRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.63 | -0.25 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.35 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.59 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.53 | -0.53 |
Martin ratioReturn relative to average drawdown | 7.22 | 9.81 | -2.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BFRAX | LFRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.63 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | 1.83 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 1.17 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.08 | -0.72 |
Correlation
The correlation between BFRAX and LFRIX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BFRAX vs. LFRIX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 6.13%, less than LFRIX's 6.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 6.13% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
LFRIX Lord Abbett Floating Rate Fund | 6.55% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
Drawdowns
BFRAX vs. LFRIX - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -44.69%, which is greater than LFRIX's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for BFRAX and LFRIX.
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Drawdown Indicators
| BFRAX | LFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -27.90% | -16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -2.11% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -6.43% | -6.23% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -21.75% | +1.14% |
Current DrawdownCurrent decline from peak | -1.36% | -1.17% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -1.96% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.55% | +0.06% |
Volatility
BFRAX vs. LFRIX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Fund (BFRAX) is 0.66%, while Lord Abbett Floating Rate Fund (LFRIX) has a volatility of 0.70%. This indicates that BFRAX experiences smaller price fluctuations and is considered to be less risky than LFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFRAX | LFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.70% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.80% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 3.07% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.82% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 3.90% | +0.04% |