LAGVX vs. PRPIX
LAGVX (Lord Abbett Income Fund) and PRPIX (T. Rowe Price Corporate Income Fund) are both Corporate Bonds funds. Over the past 10 years, LAGVX returned 2.85%/yr vs 3.18%/yr for PRPIX. A 0.72 correlation means they provide meaningful diversification when combined. LAGVX charges 0.73%/yr vs 0.56%/yr for PRPIX.
Performance
LAGVX vs. PRPIX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with LAGVX at 0.15% and PRPIX at 0.15%. Over the past 10 years, LAGVX has underperformed PRPIX with an annualized return of 2.85%, while PRPIX has yielded a comparatively higher 3.18% annualized return.
LAGVX
- 1D
- 0.00%
- 1M
- 0.85%
- YTD
- 0.15%
- 6M
- 0.60%
- 1Y
- 5.07%
- 3Y*
- 5.22%
- 5Y*
- 0.34%
- 10Y*
- 2.85%
PRPIX
- 1D
- 0.12%
- 1M
- 0.90%
- YTD
- 0.15%
- 6M
- 0.44%
- 1Y
- 4.61%
- 3Y*
- 7.89%
- 5Y*
- 1.65%
- 10Y*
- 3.18%
LAGVX vs. PRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAGVX Lord Abbett Income Fund | 0.15% | 8.29% | 2.50% | 8.23% | -16.34% | 1.39% | 7.98% | 12.96% | -2.65% | 6.94% |
PRPIX T. Rowe Price Corporate Income Fund | 0.15% | 9.21% | 6.49% | 12.72% | -17.71% | -0.76% | 7.87% | 15.77% | -3.05% | 6.58% |
Correlation
The correlation between LAGVX and PRPIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996 | 0.72 |
The correlation between LAGVX and PRPIX shifts across timeframes, from 0.70 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LAGVX vs. PRPIX — Risk / Return Rank
LAGVX
PRPIX
LAGVX vs. PRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Income Fund (LAGVX) and T. Rowe Price Corporate Income Fund (PRPIX). 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.
| LAGVX | PRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.53 | 0.00 |
| Martin ratioReturn relative to average drawdown | 4.74 | 5.11 | -0.37 |
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Drawdowns
LAGVX vs. PRPIX - Drawdown Comparison
The maximum LAGVX drawdown since its inception was -21.70%, smaller than the maximum PRPIX drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for LAGVX and PRPIX.
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Drawdown Indicators
| LAGVX | PRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.70% | -24.24% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -3.29% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.25% | -5.67% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -24.24% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -21.70% | -24.24% | +2.54% |
Current DrawdownCurrent decline from peak | -1.53% | -1.04% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -2.87% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.98% | +0.18% |
Volatility
LAGVX vs. PRPIX - Volatility Comparison
Lord Abbett Income Fund (LAGVX) has a higher volatility of 1.34% compared to T. Rowe Price Corporate Income Fund (PRPIX) at 1.18%. This indicates that LAGVX's price experiences larger fluctuations and is considered to be riskier than PRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAGVX | PRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.18% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 3.13% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 4.13% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 6.65% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 6.06% | -0.10% |
LAGVX vs. PRPIX - Expense Ratio Comparison
LAGVX has a 0.73% expense ratio, which is higher than PRPIX's 0.56% expense ratio.
Dividends
LAGVX vs. PRPIX - Dividend Comparison
LAGVX's dividend yield for the trailing twelve months is around 5.42%, more than PRPIX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAGVX Lord Abbett Income Fund | 5.42% | 5.44% | 4.57% | 4.48% | 3.15% | 4.81% | 3.46% | 3.85% | 4.27% | 3.49% | 3.94% | 4.70% |
PRPIX T. Rowe Price Corporate Income Fund | 4.68% | 5.87% | 8.35% | 7.54% | 2.42% | 5.61% | 3.82% | 5.47% | 3.47% | 3.95% | 3.20% | 4.23% |
Frequently Asked Questions
LAGVX and PRPIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAGVX has higher volatility (1.34%) compared to PRPIX (1.18%). In terms of maximum drawdown, LAGVX dropped -21.70% vs PRPIX's -24.24%.
PRPIX currently has the higher Sharpe Ratio (1.22 vs 1.10), 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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