LAFFX vs. LCFIX
LAFFX (Lord Abbett Affiliated Fund) and LCFIX (Lord Abbett California Tax Free Fund) are both mutual funds - LAFFX is a Large Cap Value Equities fund managed by Lord Abbett, while LCFIX is a Municipal Bonds fund managed by Lord Abbett. Over the past 10 years, LAFFX returned 10.94%/yr vs 1.75%/yr for LCFIX. At a 0.04 correlation, their price movements are largely independent. LAFFX charges 0.71%/yr vs 0.77%/yr for LCFIX.
Performance
LAFFX vs. LCFIX - Performance Comparison
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Returns By Period
In the year-to-date period, LAFFX achieves a 11.33% return, which is significantly higher than LCFIX's 2.12% return. Over the past 10 years, LAFFX has outperformed LCFIX with an annualized return of 10.94%, while LCFIX has yielded a comparatively lower 1.75% annualized return.
LAFFX
- 1D
- 0.31%
- 1M
- 3.29%
- YTD
- 11.33%
- 6M
- 10.92%
- 1Y
- 24.64%
- 3Y*
- 18.60%
- 5Y*
- 11.31%
- 10Y*
- 10.94%
LCFIX
- 1D
- 0.10%
- 1M
- 2.23%
- YTD
- 2.12%
- 6M
- 2.53%
- 1Y
- 7.61%
- 3Y*
- 3.58%
- 5Y*
- -0.16%
- 10Y*
- 1.75%
LAFFX vs. LCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAFFX Lord Abbett Affiliated Fund | 11.33% | 15.75% | 17.30% | 10.50% | -9.80% | 26.77% | -1.29% | 25.24% | -7.59% | 16.16% |
LCFIX Lord Abbett California Tax Free Fund | 2.12% | 3.19% | 1.87% | 6.63% | -13.89% | 2.66% | 4.65% | 9.54% | 0.51% | 6.72% |
Correlation
The correlation between LAFFX and LCFIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1985 | 0.04 |
The correlation between LAFFX and LCFIX shifts across timeframes, from -0.01 (10 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LAFFX vs. LCFIX — Risk / Return Rank
LAFFX
LCFIX
LAFFX vs. LCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Affiliated Fund (LAFFX) and Lord Abbett California Tax Free Fund (LCFIX). 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.
| LAFFX | LCFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.58 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 2.36 | +0.90 |
| Martin ratioReturn relative to average drawdown | 13.66 | 8.22 | +5.44 |
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Drawdowns
LAFFX vs. LCFIX - Drawdown Comparison
The maximum LAFFX drawdown since its inception was -60.50%, which is greater than LCFIX's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for LAFFX and LCFIX.
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Drawdown Indicators
| LAFFX | LCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -22.34% | -38.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -3.24% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.38% | -6.95% | -8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -19.85% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -19.85% | -19.74% |
Current DrawdownCurrent decline from peak | -0.40% | -1.81% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -3.30% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 0.93% | +0.88% |
Volatility
LAFFX vs. LCFIX - Volatility Comparison
Lord Abbett Affiliated Fund (LAFFX) has a higher volatility of 3.18% compared to Lord Abbett California Tax Free Fund (LCFIX) at 0.90%. This indicates that LAFFX's price experiences larger fluctuations and is considered to be riskier than LCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAFFX | LCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 0.90% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 2.49% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 3.25% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 4.81% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 4.90% | +12.56% |
LAFFX vs. LCFIX - Expense Ratio Comparison
LAFFX has a 0.71% expense ratio, which is lower than LCFIX's 0.77% expense ratio.
Dividends
LAFFX vs. LCFIX - Dividend Comparison
LAFFX's dividend yield for the trailing twelve months is around 6.46%, more than LCFIX's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAFFX Lord Abbett Affiliated Fund | 6.46% | 7.49% | 6.32% | 1.69% | 7.86% | 3.86% | 1.93% | 4.31% | 11.75% | 11.96% | 7.76% | 10.67% |
LCFIX Lord Abbett California Tax Free Fund | 3.54% | 4.07% | 3.04% | 2.77% | 2.02% | 2.19% | 2.40% | 3.01% | 3.09% | 3.05% | 3.35% | 3.37% |
Frequently Asked Questions
LAFFX and LCFIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAFFX has higher volatility (3.18%) compared to LCFIX (0.90%). In terms of maximum drawdown, LAFFX dropped -60.50% vs LCFIX's -22.34%.
LCFIX currently has the higher Sharpe Ratio (2.35 vs 2.30), 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.
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