CCVIX vs. LBFFX

Last updated Jun 23, 2026

CCVIX (Calamos Convertible Fund) and LBFFX (Lord Abbett Convertible Fund Class F) are both Preferred Stock/Convertible Bonds funds. Over the past 10 years, CCVIX returned 12.38%/yr vs 13.28%/yr for LBFFX. Their correlation of 0.94 suggests significant overlap in exposure. CCVIX charges 1.10%/yr vs 0.93%/yr for LBFFX.

Performance

CCVIX vs. LBFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Convertible Fund (CCVIX) and Lord Abbett Convertible Fund Class F (LBFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCVIX achieves a 26.89% return, which is significantly higher than LBFFX's 21.32% return. Over the past 10 years, CCVIX has underperformed LBFFX with an annualized return of 12.38%, while LBFFX has yielded a comparatively higher 13.28% annualized return.

CCVIX

• 1D: 1.37%
• 1M: 5.16%
• YTD: 26.89%
• 6M: 24.44%
• 1Y: 44.88%
• 3Y*: 19.95%
• 5Y*: 8.14%
• 10Y*: 12.38%

LBFFX

• 1D: 1.18%
• 1M: 2.34%
• YTD: 21.32%
• 6M: 19.19%
• 1Y: 38.31%
• 3Y*: 20.30%
• 5Y*: 7.02%
• 10Y*: 13.28%

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

CCVIX vs. LBFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCVIX Calamos Convertible Fund	26.89%	18.83%	9.71%	10.61%	-21.23%	5.13%	48.51%	19.18%	0.38%	14.04%
LBFFX Lord Abbett Convertible Fund Class F	21.32%	22.11%	13.82%	7.16%	-23.30%	1.26%	64.16%	24.19%	-5.89%	16.68%

Correlation

The correlation between CCVIX and LBFFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007	0.94

The correlation between CCVIX and LBFFX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

CCVIX vs. LBFFX — Risk / Return Rank

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

CCVIX

CCVIX Risk / Return Rank: 90
CCVIX Sharpe Ratio Rank: 92
CCVIX Sortino Ratio Rank: 84
CCVIX Omega Ratio Rank: 82
CCVIX Calmar Ratio Rank: 96
CCVIX Martin Ratio Rank: 96

LBFFX

LBFFX Risk / Return Rank: 83
LBFFX Sharpe Ratio Rank: 82
LBFFX Sortino Ratio Rank: 72
LBFFX Omega Ratio Rank: 71
LBFFX Calmar Ratio Rank: 95
LBFFX Martin Ratio Rank: 94

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.

CCVIX vs. LBFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CCVIX) and Lord Abbett Convertible Fund Class F (LBFFX). 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.

	CCVIX	LBFFX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.47	+0.41
Sortino ratio: Return per unit of downside risk	3.68	3.21	+0.47
Omega ratio: Gain probability vs. loss probability	1.50	1.43	+0.07
Calmar ratio: Return relative to maximum drawdown	5.87	5.47	+0.40
Martin ratio: Return relative to average drawdown	21.59	19.01	+2.58

CCVIX vs. LBFFX - Sharpe Ratio Comparison

The current CCVIX Sharpe Ratio is 2.88, which is comparable to the LBFFX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of CCVIX and LBFFX, 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

CCVIX vs. LBFFX - Drawdown Comparison

The maximum CCVIX drawdown since its inception was -36.56%, smaller than the maximum LBFFX drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for CCVIX and LBFFX.

Drawdown Indicators

	CCVIX	LBFFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.56%	-41.13%	+4.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-7.07%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-14.80%	-12.15%	-2.65%
Max Drawdown (5Y) Largest decline over 5 years	-27.33%	-30.86%	+3.53%
Max Drawdown (10Y) Largest decline over 10 years	-27.33%	-33.61%	+6.28%
Current Drawdown Current decline from peak	0.00%	-0.92%	+0.92%
Average Drawdown Average peak-to-trough decline	-5.88%	-10.29%	+4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.03%	+0.06%

Volatility

CCVIX vs. LBFFX - Volatility Comparison

Calamos Convertible Fund (CCVIX) and Lord Abbett Convertible Fund Class F (LBFFX) have volatilities of 6.28% and 6.11%, 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

	CCVIX	LBFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	6.11%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	13.11%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	15.65%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.12%	13.21%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.99%	13.76%	-0.77%

CCVIX vs. LBFFX - Expense Ratio Comparison

CCVIX has a 1.10% expense ratio, which is higher than LBFFX's 0.93% expense ratio.

Dividends

CCVIX vs. LBFFX - Dividend Comparison

CCVIX's dividend yield for the trailing twelve months is around 7.98%, more than LBFFX's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCVIX Calamos Convertible Fund	7.98%	10.25%	1.31%	1.87%	0.60%	13.59%	6.56%	1.00%	14.47%	3.90%	2.84%	4.68%
LBFFX Lord Abbett Convertible Fund Class F	1.23%	1.80%	2.22%	1.95%	2.60%	18.44%	16.27%	8.71%	4.91%	2.47%	3.64%	3.38%

Frequently Asked Questions

Can I hold both CCVIX and LBFFX in my portfolio?

With a correlation of 0.96, CCVIX and LBFFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CCVIX or LBFFX?

CCVIX has higher volatility (6.28%) compared to LBFFX (6.11%). In terms of maximum drawdown, CCVIX dropped -36.56% vs LBFFX's -41.13%.

Which has better risk-adjusted returns?

CCVIX currently has the higher Sharpe Ratio (2.88 vs 2.47), 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.