LAPLX vs. FFRHX
Compare and contrast key facts about Lord Abbett Core Plus Bond Fund (LAPLX) and Fidelity Floating Rate High Income Fund (FFRHX).
LAPLX is managed by Lord Abbett. It was launched on Apr 4, 2017. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LAPLX or FFRHX.
Correlation
The correlation between LAPLX and FFRHX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LAPLX vs. FFRHX - Performance Comparison
Key characteristics
LAPLX:
1.29
FFRHX:
3.13
LAPLX:
1.94
FFRHX:
9.29
LAPLX:
1.23
FFRHX:
3.01
LAPLX:
0.57
FFRHX:
9.28
LAPLX:
3.80
FFRHX:
43.33
LAPLX:
1.62%
FFRHX:
0.18%
LAPLX:
4.75%
FFRHX:
2.54%
LAPLX:
-18.31%
FFRHX:
-22.19%
LAPLX:
-4.03%
FFRHX:
-0.32%
Returns By Period
In the year-to-date period, LAPLX achieves a 1.38% return, which is significantly higher than FFRHX's 0.28% return.
LAPLX
1.38%
1.38%
0.25%
6.49%
0.20%
N/A
FFRHX
0.28%
0.28%
4.30%
8.13%
5.55%
4.75%
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LAPLX vs. FFRHX - Expense Ratio Comparison
LAPLX has a 0.68% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
LAPLX vs. FFRHX — Risk-Adjusted Performance Rank
LAPLX
FFRHX
LAPLX vs. FFRHX - Risk-Adjusted Performance 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.
Dividends
LAPLX vs. FFRHX - Dividend Comparison
LAPLX's dividend yield for the trailing twelve months is around 5.25%, less than FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | 5.25% | 5.32% | 5.00% | 4.17% | 2.69% | 3.19% | 3.17% | 3.94% | 3.21% | 3.64% | 0.23% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.24% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
LAPLX vs. FFRHX - Drawdown Comparison
The maximum LAPLX drawdown since its inception was -18.31%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for LAPLX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
LAPLX vs. FFRHX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPLX) has a higher volatility of 1.31% 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.