LAPLX vs. FFRHX
LAPLX (Lord Abbett Core Plus Bond Fund) and FFRHX (Fidelity Floating Rate High Income Fund) are both mutual funds - LAPLX is a Intermediate Core-Plus Bond fund managed by Lord Abbett, while FFRHX is a Bank Loan fund actively managed by Fidelity. Over the past 10 years, LAPLX returned 1.83%/yr vs 4.98%/yr for FFRHX. At a 0.20 correlation, their price movements are largely independent. LAPLX charges 0.68%/yr vs 0.67%/yr for FFRHX.
Performance
LAPLX vs. FFRHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LAPLX achieves a 0.10% return, which is significantly lower than FFRHX's 1.71% return. Over the past 10 years, LAPLX has underperformed FFRHX with an annualized return of 1.83%, while FFRHX has yielded a comparatively higher 4.98% annualized return.
LAPLX
- 1D
- -0.23%
- 1M
- 0.65%
- YTD
- 0.10%
- 6M
- 0.51%
- 1Y
- 4.73%
- 3Y*
- 4.69%
- 5Y*
- 0.07%
- 10Y*
- 1.83%
FFRHX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 1.71%
- 6M
- 2.32%
- 1Y
- 5.89%
- 3Y*
- 7.20%
- 5Y*
- 5.40%
- 10Y*
- 4.98%
LAPLX vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | 0.10% | 7.42% | 2.49% | 6.12% | -14.77% | 0.13% | 7.23% | 9.88% | -0.90% | 3.81% |
FFRHX Fidelity Floating Rate High Income Fund | 1.71% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Correlation
The correlation between LAPLX and FFRHX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LAPLX vs. FFRHX — Risk / Return Rank
LAPLX
FFRHX
LAPLX vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPLX) and Fidelity Floating Rate High Income Fund (FFRHX). 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.
| LAPLX | FFRHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.87 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 4.97 | -3.41 |
| Martin ratioReturn relative to average drawdown | 4.64 | 17.06 | -12.42 |
Loading charts...
Drawdowns
LAPLX vs. FFRHX - Drawdown Comparison
The maximum LAPLX drawdown since its inception was -19.06%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for LAPLX and FFRHX.
Loading charts...
Drawdown Indicators
| LAPLX | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.06% | -22.20% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -1.19% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.46% | -3.29% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -5.90% | -13.16% |
Max Drawdown (10Y)Largest decline over 10 years | -19.06% | -22.20% | +3.14% |
Current DrawdownCurrent decline from peak | -1.61% | -0.44% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -1.15% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.35% | +0.72% |
Volatility
LAPLX vs. FFRHX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPLX) has a higher volatility of 1.08% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that LAPLX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LAPLX | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.66% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 1.63% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 2.37% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 2.88% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 4.14% | +0.49% |
LAPLX vs. FFRHX - Expense Ratio Comparison
LAPLX has a 0.68% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Dividends
LAPLX vs. FFRHX - Dividend Comparison
LAPLX's dividend yield for the trailing twelve months is around 5.00%, less than FFRHX's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 7.09% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
LAPLX Lord Abbett Core Plus Bond Fund | 5.00% | 5.01% | 4.43% | 4.15% | 2.79% | 2.26% | 4.27% | 3.79% | 3.94% | 2.41% | 0.65% | 0.00% |
Frequently Asked Questions
LAPLX and FFRHX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAPLX has higher volatility (1.08%) compared to FFRHX (0.66%). In terms of maximum drawdown, LAPLX dropped -19.06% vs FFRHX's -22.20%.
FFRHX currently has the higher Sharpe Ratio (2.50 vs 1.29), 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.
Find the right allocation for LAPLX and FFRHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer