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.
Performance
LAPLX vs. FFRHX - Performance Comparison
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LAPLX vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | -1.05% | 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 | -0.50% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Returns By Period
In the year-to-date period, LAPLX achieves a -1.05% return, which is significantly lower than FFRHX's -0.50% return. Over the past 10 years, LAPLX has underperformed FFRHX with an annualized return of 1.85%, while FFRHX has yielded a comparatively higher 4.99% annualized return.
LAPLX
- 1D
- 0.47%
- 1M
- -2.75%
- YTD
- -1.05%
- 6M
- 0.01%
- 1Y
- 3.62%
- 3Y*
- 3.87%
- 5Y*
- 0.24%
- 10Y*
- 1.85%
FFRHX
- 1D
- 0.11%
- 1M
- 0.34%
- YTD
- -0.50%
- 6M
- 0.77%
- 1Y
- 4.77%
- 3Y*
- 7.08%
- 5Y*
- 5.20%
- 10Y*
- 4.99%
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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.
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.
| LAPLX | FFRHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.42 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.37 | 2.01 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.47 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.79 | -0.32 |
Martin ratioReturn relative to average drawdown | 4.71 | 8.65 | -3.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LAPLX | FFRHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.42 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.84 | -1.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 1.21 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.13 | -0.70 |
Correlation
The correlation between LAPLX and FFRHX is 0.20, 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.
Dividends
LAPLX vs. FFRHX - Dividend Comparison
LAPLX's dividend yield for the trailing twelve months is around 4.62%, less than FFRHX's 6.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | 4.62% | 5.01% | 4.43% | 4.15% | 2.79% | 2.26% | 4.27% | 3.79% | 3.94% | 2.41% | 0.65% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 6.75% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
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.
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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% | -2.63% | -0.57% |
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 | -2.75% | -0.72% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -1.16% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.59% | +0.41% |
Volatility
LAPLX vs. FFRHX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPLX) has a higher volatility of 1.58% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.65%. 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.
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Volatility by Period
| LAPLX | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 0.65% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 1.62% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.31% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 2.84% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 4.13% | +0.47% |