LANJX vs. LAGWX

Last updated Jun 3, 2026

LANJX (Lord Abbett New Jersey Tax Free Fund) and LAGWX (Lord Abbett Developing Growth Fund) are both mutual funds - LANJX is a Municipal Bonds fund managed by Lord Abbett, while LAGWX is a Small Cap Growth Equities fund managed by Lord Abbett. Over the past 10 years, LANJX returned 2.09%/yr vs 14.84%/yr for LAGWX. At a correlation of -0.01, they often move in opposite directions. LANJX charges 0.82%/yr vs 0.93%/yr for LAGWX.

Performance

LANJX vs. LAGWX - Performance Comparison

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

Returns By Period

In the year-to-date period, LANJX achieves a 1.80% return, which is significantly lower than LAGWX's 31.17% return. Over the past 10 years, LANJX has underperformed LAGWX with an annualized return of 2.09%, while LAGWX has yielded a comparatively higher 14.84% annualized return.

LANJX

• 1D: -0.21%
• 1M: 0.27%
• YTD: 1.80%
• 6M: 2.07%
• 1Y: 7.89%
• 3Y*: 3.56%
• 5Y*: 0.24%
• 10Y*: 2.09%

LAGWX

• 1D: 0.93%
• 1M: 10.48%
• YTD: 31.17%
• 6M: 28.71%
• 1Y: 61.09%
• 3Y*: 21.71%
• 5Y*: 4.82%
• 10Y*: 14.84%

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

LANJX vs. LAGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LANJX Lord Abbett New Jersey Tax Free Fund	1.80%	3.42%	1.53%	7.47%	-12.99%	3.36%	4.63%	8.52%	1.74%	6.06%
LAGWX Lord Abbett Developing Growth Fund	31.17%	14.37%	21.89%	8.50%	-36.09%	-2.77%	72.40%	31.47%	4.52%	29.92%

Correlation

The correlation between LANJX and LAGWX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jan 2, 1991	-0.01

The correlation between LANJX and LAGWX shifts across timeframes, from -0.01 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LANJX vs. LAGWX — Risk / Return Rank

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

LANJX

LANJX Risk / Return Rank: 65
LANJX Sharpe Ratio Rank: 65
LANJX Sortino Ratio Rank: 77
LANJX Omega Ratio Rank: 89
LANJX Calmar Ratio Rank: 47
LANJX Martin Ratio Rank: 47

LAGWX

LAGWX Risk / Return Rank: 68
LAGWX Sharpe Ratio Rank: 66
LAGWX Sortino Ratio Rank: 51
LAGWX Omega Ratio Rank: 51
LAGWX Calmar Ratio Rank: 87
LAGWX Martin Ratio Rank: 84

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.

LANJX vs. LAGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett New Jersey Tax Free Fund (LANJX) and Lord Abbett Developing Growth Fund (LAGWX). 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.

	LANJX	LAGWX	Difference
Sharpe ratio Return per unit of total volatility	2.37	2.37	-0.01
Sortino ratio Return per unit of downside risk	3.69	3.00	+0.69
Omega ratio Gain probability vs. loss probability	1.63	1.39	+0.24
Calmar ratio Return relative to maximum drawdown	2.64	4.27	-1.64
Martin ratio Return relative to average drawdown	9.89	15.93	-6.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LANJX vs. LAGWX - Sharpe Ratio Comparison

The current LANJX Sharpe Ratio is 2.37, which is comparable to the LAGWX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of LANJX and LAGWX, 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

	LANJX	LAGWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.37	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.18	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.55	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.50	+0.52

Drawdowns

LANJX vs. LAGWX - Drawdown Comparison

The maximum LANJX drawdown since its inception was -20.98%, smaller than the maximum LAGWX drawdown of -60.31%. Use the drawdown chart below to compare losses from any high point for LANJX and LAGWX.

Drawdown Indicators

	LANJX	LAGWX	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-60.31%	+39.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.92%	-14.72%	+11.80%
Max Drawdown (3Y) Largest decline over 3 years	-6.70%	-32.10%	+25.40%
Max Drawdown (5Y) Largest decline over 5 years	-18.72%	-51.25%	+32.53%
Max Drawdown (10Y) Largest decline over 10 years	-18.72%	-54.38%	+35.66%
Current Drawdown Current decline from peak	-0.45%	-0.36%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.57%	-17.07%	+14.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	3.94%	-3.16%

Volatility

LANJX vs. LAGWX - Volatility Comparison

The current volatility for Lord Abbett New Jersey Tax Free Fund (LANJX) is 1.31%, while Lord Abbett Developing Growth Fund (LAGWX) has a volatility of 9.55%. This indicates that LANJX experiences smaller price fluctuations and is considered to be less risky than LAGWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LANJX	LAGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	9.55%	-8.24%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	21.56%	-19.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.25%	26.54%	-23.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.74%	27.67%	-22.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.78%	27.24%	-22.46%

LANJX vs. LAGWX - Expense Ratio Comparison

LANJX has a 0.82% expense ratio, which is lower than LAGWX's 0.93% expense ratio.

Dividends

LANJX vs. LAGWX - Dividend Comparison

LANJX's dividend yield for the trailing twelve months is around 3.23%, while LAGWX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LANJX Lord Abbett New Jersey Tax Free Fund	3.23%	3.72%	2.79%	2.64%	2.07%	2.17%	2.37%	2.80%	2.72%	2.79%	3.22%	3.37%

Frequently Asked Questions

Can I hold both LANJX and LAGWX in my portfolio?

LANJX and LAGWX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LANJX or LAGWX?

LAGWX has higher volatility (9.55%) compared to LANJX (1.31%). In terms of maximum drawdown, LANJX dropped -20.98% vs LAGWX's -60.31%.

Which has better risk-adjusted returns?

LAGWX currently has the higher Sharpe Ratio (2.37 vs 2.37), 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.