FISCX vs. LOCFX

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Convertible Securities Fund (FISCX) and Lord Abbett Convertible Fund Class F3 (LOCFX).

FISCX is managed by Franklin Templeton. It was launched on Apr 14, 1987. LOCFX is a passively managed fund by Lord Abbett that tracks the performance of the ICE BofA All Convertible Index. It was launched on Jun 30, 2003.

Performance

FISCX vs. LOCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Convertible Securities Fund (FISCX) and Lord Abbett Convertible Fund Class F3 (LOCFX). The values are adjusted to include any dividend payments, if applicable.

FISCX vs. LOCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISCX Franklin Convertible Securities Fund	-3.19%	13.63%	16.62%	9.96%	-15.95%	-5.70%	46.28%	33.99%	4.15%	11.38%
LOCFX Lord Abbett Convertible Fund Class F3	1.75%	22.43%	14.00%	7.30%	-23.12%	1.40%	64.47%	25.07%	-6.42%	10.04%

Returns By Period

In the year-to-date period, FISCX achieves a -3.19% return, which is significantly lower than LOCFX's 1.75% return.

FISCX

• 1D: -0.82%
• 1M: -4.91%
• YTD: -3.19%
• 6M: -0.23%
• 1Y: 13.11%
• 3Y*: 10.67%
• 5Y*: 1.92%
• 10Y*: 11.24%

LOCFX

• 1D: -1.63%
• 1M: -5.41%
• YTD: 1.75%
• 6M: 4.96%
• 1Y: 26.30%
• 3Y*: 14.26%
• 5Y*: 3.19%
• 10Y*: —

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

FISCX vs. LOCFX - Expense Ratio Comparison

FISCX has a 0.83% expense ratio, which is higher than LOCFX's 0.82% expense ratio.

FISCX

Franklin Convertible Securities Fund

LOCFX

Lord Abbett Convertible Fund Class F3

Return for Risk

FISCX vs. LOCFX — Risk / Return Rank

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

FISCX

FISCX Risk / Return Rank: 59
FISCX Sharpe Ratio Rank: 58
FISCX Sortino Ratio Rank: 57
FISCX Omega Ratio Rank: 50
FISCX Calmar Ratio Rank: 66
FISCX Martin Ratio Rank: 66

LOCFX

LOCFX Risk / Return Rank: 90
LOCFX Sharpe Ratio Rank: 89
LOCFX Sortino Ratio Rank: 88
LOCFX Omega Ratio Rank: 82
LOCFX Calmar Ratio Rank: 96
LOCFX 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.

FISCX vs. LOCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Convertible Securities Fund (FISCX) and Lord Abbett Convertible Fund Class F3 (LOCFX). 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.

	FISCX	LOCFX	Difference
Sharpe ratio Return per unit of total volatility	1.06	1.82	-0.76
Sortino ratio Return per unit of downside risk	1.50	2.46	-0.96
Omega ratio Gain probability vs. loss probability	1.21	1.33	-0.12
Calmar ratio Return relative to maximum drawdown	1.51	3.51	-1.99
Martin ratio Return relative to average drawdown	6.28	12.60	-6.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FISCX vs. LOCFX - Sharpe Ratio Comparison

The current FISCX Sharpe Ratio is 1.06, which is lower than the LOCFX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FISCX and LOCFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FISCX	LOCFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.82	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.25	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.78	0.00

Correlation

The correlation between FISCX and LOCFX is 0.86, 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

FISCX vs. LOCFX - Dividend Comparison

FISCX's dividend yield for the trailing twelve months is around 10.23%, more than LOCFX's 1.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISCX Franklin Convertible Securities Fund	10.23%	9.94%	4.87%	2.22%	8.70%	8.10%	11.30%	16.05%	7.09%	7.68%	4.62%	4.68%
LOCFX Lord Abbett Convertible Fund Class F3	1.52%	1.86%	2.29%	2.06%	2.72%	18.36%	16.20%	8.75%	5.02%	2.08%	0.00%	0.00%

Drawdowns

FISCX vs. LOCFX - Drawdown Comparison

The maximum FISCX drawdown since its inception was -49.16%, which is greater than LOCFX's maximum drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for FISCX and LOCFX.

Drawdown Indicators

	FISCX	LOCFX	Difference
Max Drawdown Largest peak-to-trough decline	-49.16%	-33.29%	-15.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.45%	-7.02%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-34.37%	-30.60%	-3.77%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	—	—
Current Drawdown Current decline from peak	-6.38%	-7.02%	+0.64%
Average Drawdown Average peak-to-trough decline	-6.93%	-11.41%	+4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.95%	-0.16%

Volatility

FISCX vs. LOCFX - Volatility Comparison

The current volatility for Franklin Convertible Securities Fund (FISCX) is 4.43%, while Lord Abbett Convertible Fund Class F3 (LOCFX) has a volatility of 6.00%. This indicates that FISCX experiences smaller price fluctuations and is considered to be less risky than LOCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISCX	LOCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	6.00%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	12.03%	-3.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	14.38%	-2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.44%	12.83%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.42%	13.93%	-0.51%