LAGWX vs. HSPGX

Last updated Jun 5, 2026

LAGWX (Lord Abbett Developing Growth Fund) and HSPGX (Emerald Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, LAGWX returned 14.84%/yr vs 16.02%/yr for HSPGX. Their correlation of 0.91 suggests significant overlap in exposure. LAGWX charges 0.93%/yr vs 1.03%/yr for HSPGX.

Performance

LAGWX vs. HSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Developing Growth Fund (LAGWX) and Emerald Growth Fund (HSPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAGWX achieves a 31.21% return, which is significantly higher than HSPGX's 24.87% return. Over the past 10 years, LAGWX has underperformed HSPGX with an annualized return of 14.84%, while HSPGX has yielded a comparatively higher 16.02% annualized return.

LAGWX

• 1D: 0.03%
• 1M: 5.85%
• YTD: 31.21%
• 6M: 26.95%
• 1Y: 59.61%
• 3Y*: 21.73%
• 5Y*: 4.65%
• 10Y*: 14.84%

HSPGX

• 1D: -0.91%
• 1M: 3.87%
• YTD: 24.87%
• 6M: 20.96%
• 1Y: 66.56%
• 3Y*: 31.99%
• 5Y*: 13.40%
• 10Y*: 16.02%

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

LAGWX vs. HSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAGWX Lord Abbett Developing Growth Fund	31.21%	14.37%	21.89%	8.50%	-36.09%	-2.77%	72.40%	31.47%	4.52%	29.92%
HSPGX Emerald Growth Fund	24.87%	31.62%	28.04%	18.66%	-24.65%	3.59%	38.49%	28.33%	-12.16%	27.72%

Correlation

The correlation between LAGWX and HSPGX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 1, 1992	0.91

The correlation between LAGWX and HSPGX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

LAGWX vs. HSPGX — Risk / Return Rank

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

LAGWX

LAGWX Risk / Return Rank: 67
LAGWX Sharpe Ratio Rank: 63
LAGWX Sortino Ratio Rank: 50
LAGWX Omega Ratio Rank: 50
LAGWX Calmar Ratio Rank: 87
LAGWX Martin Ratio Rank: 84

HSPGX

HSPGX Risk / Return Rank: 79
HSPGX Sharpe Ratio Rank: 83
HSPGX Sortino Ratio Rank: 66
HSPGX Omega Ratio Rank: 60
HSPGX Calmar Ratio Rank: 91
HSPGX Martin Ratio Rank: 93

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.

LAGWX vs. HSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Developing Growth Fund (LAGWX) and Emerald Growth Fund (HSPGX). 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.

	LAGWX	HSPGX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.68	-0.36
Sortino ratio: Return per unit of downside risk	2.95	3.35	-0.40
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	4.18	4.69	-0.52
Martin ratio: Return relative to average drawdown	15.56	19.79	-4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAGWX vs. HSPGX - Sharpe Ratio Comparison

The current LAGWX Sharpe Ratio is 2.32, which is comparable to the HSPGX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of LAGWX and HSPGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LAGWX	HSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.68	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.53	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.64	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.44	+0.07

Drawdowns

LAGWX vs. HSPGX - Drawdown Comparison

The maximum LAGWX drawdown since its inception was -60.31%, roughly equal to the maximum HSPGX drawdown of -60.28%. Use the drawdown chart below to compare losses from any high point for LAGWX and HSPGX.

Drawdown Indicators

	LAGWX	HSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.31%	-60.28%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.72%	-14.41%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-32.10%	-28.63%	-3.47%
Max Drawdown (5Y) Largest decline over 5 years	-51.25%	-38.65%	-12.60%
Max Drawdown (10Y) Largest decline over 10 years	-54.38%	-41.48%	-12.90%
Current Drawdown Current decline from peak	-0.33%	-0.91%	+0.58%
Average Drawdown Average peak-to-trough decline	-17.07%	-19.01%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	3.39%	+0.55%

Volatility

LAGWX vs. HSPGX - Volatility Comparison

Lord Abbett Developing Growth Fund (LAGWX) has a higher volatility of 9.55% compared to Emerald Growth Fund (HSPGX) at 7.72%. This indicates that LAGWX's price experiences larger fluctuations and is considered to be riskier than HSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAGWX	HSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.55%	7.72%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	21.44%	19.25%	+2.19%
Volatility (1Y) Calculated over the trailing 1-year period	26.52%	25.33%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	25.45%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.24%	25.12%	+2.12%

LAGWX vs. HSPGX - Expense Ratio Comparison

LAGWX has a 0.93% expense ratio, which is lower than HSPGX's 1.03% expense ratio.

Dividends

LAGWX vs. HSPGX - Dividend Comparison

LAGWX has not paid dividends to shareholders, while HSPGX's dividend yield for the trailing twelve months is around 10.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSPGX Emerald Growth Fund	10.20%	12.74%	21.85%	6.43%	8.77%	19.11%	8.48%	1.45%	11.86%	0.00%	0.00%	0.00%
LAGWX Lord Abbett Developing Growth Fund	0.00%	0.00%	0.03%	0.00%	0.00%	12.60%	9.67%	22.87%	33.87%	0.00%	0.00%	10.03%

Frequently Asked Questions

Can I hold both LAGWX and HSPGX in my portfolio?

With a correlation of 0.92, LAGWX and HSPGX 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, LAGWX or HSPGX?

LAGWX has higher volatility (9.55%) compared to HSPGX (7.72%). In terms of maximum drawdown, LAGWX dropped -60.31% vs HSPGX's -60.28%.

Which has better risk-adjusted returns?

HSPGX currently has the higher Sharpe Ratio (2.68 vs 2.32), 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.