LAPLX vs. HOBIX

Last updated Jun 4, 2026

LAPLX (Lord Abbett Core Plus Bond Fund) and HOBIX (Holbrook Income Fund Class I) are both Intermediate Core-Plus Bond funds. Over the past 5 years, LAPLX returned 0.25%/yr vs 4.33%/yr for HOBIX. At a 0.36 correlation, their price movements are largely independent. LAPLX charges 0.68%/yr vs 1.05%/yr for HOBIX.

Performance

LAPLX vs. HOBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Core Plus Bond Fund (LAPLX) and Holbrook Income Fund Class I (HOBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAPLX achieves a 0.42% return, which is significantly lower than HOBIX's 2.43% return.

LAPLX

• 1D: 0.08%
• 1M: 0.57%
• YTD: 0.42%
• 6M: 0.44%
• 1Y: 5.89%
• 3Y*: 4.77%
• 5Y*: 0.25%
• 10Y*: 1.87%

HOBIX

• 1D: 0.00%
• 1M: 0.48%
• YTD: 2.43%
• 6M: 2.87%
• 1Y: 6.61%
• 3Y*: 7.32%
• 5Y*: 4.33%
• 10Y*: —

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

LAPLX vs. HOBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAPLX Lord Abbett Core Plus Bond Fund	0.42%	7.42%	2.49%	6.12%	-14.77%	0.13%	7.23%	9.88%	-0.90%	3.74%
HOBIX Holbrook Income Fund Class I	2.43%	7.67%	7.66%	5.65%	-2.91%	6.13%	7.45%	7.70%	1.74%	2.75%

Correlation

The correlation between LAPLX and HOBIX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.37

The correlation between LAPLX and HOBIX shifts across timeframes, from 0.36 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LAPLX vs. HOBIX — Risk / Return Rank

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

LAPLX

LAPLX Risk / Return Rank: 26
LAPLX Sharpe Ratio Rank: 28
LAPLX Sortino Ratio Rank: 29
LAPLX Omega Ratio Rank: 26
LAPLX Calmar Ratio Rank: 25
LAPLX Martin Ratio Rank: 23

HOBIX

HOBIX Risk / Return Rank: 98
HOBIX Sharpe Ratio Rank: 94
HOBIX Sortino Ratio Rank: 99
HOBIX Omega Ratio Rank: 100
HOBIX Calmar Ratio Rank: 99
HOBIX Martin Ratio Rank: 99

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.

LAPLX vs. HOBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPLX) and Holbrook Income Fund Class I (HOBIX). 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	HOBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	3.31	-1.80
Sortino ratio: Return per unit of downside risk	2.24	10.66	-8.42
Omega ratio: Gain probability vs. loss probability	1.27	5.19	-3.92
Calmar ratio: Return relative to maximum drawdown	1.85	13.02	-11.18
Martin ratio: Return relative to average drawdown	5.80	45.38	-39.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAPLX vs. HOBIX - Sharpe Ratio Comparison

The current LAPLX Sharpe Ratio is 1.51, which is lower than the HOBIX Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of LAPLX and HOBIX, 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

	LAPLX	HOBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	3.31	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	1.64	-1.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.85	-0.40

Drawdowns

LAPLX vs. HOBIX - Drawdown Comparison

The maximum LAPLX drawdown since its inception was -19.06%, smaller than the maximum HOBIX drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for LAPLX and HOBIX.

Drawdown Indicators

	LAPLX	HOBIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.06%	-23.52%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.20%	-0.51%	-2.69%
Max Drawdown (3Y) Largest decline over 3 years	-5.46%	-2.77%	-2.69%
Max Drawdown (5Y) Largest decline over 5 years	-19.06%	-4.16%	-14.90%
Max Drawdown (10Y) Largest decline over 10 years	-19.06%	—	—
Current Drawdown Current decline from peak	-1.31%	0.00%	-1.31%
Average Drawdown Average peak-to-trough decline	-4.47%	-0.97%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	0.15%	+0.87%

Volatility

LAPLX vs. HOBIX - Volatility Comparison

Lord Abbett Core Plus Bond Fund (LAPLX) has a higher volatility of 1.45% compared to Holbrook Income Fund Class I (HOBIX) at 0.53%. This indicates that LAPLX's price experiences larger fluctuations and is considered to be riskier than HOBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAPLX	HOBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	0.53%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	1.59%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.93%	2.01%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.48%	2.65%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.63%	5.73%	-1.10%

LAPLX vs. HOBIX - Expense Ratio Comparison

LAPLX has a 0.68% expense ratio, which is lower than HOBIX's 1.05% expense ratio.

Dividends

LAPLX vs. HOBIX - Dividend Comparison

LAPLX's dividend yield for the trailing twelve months is around 4.98%, less than HOBIX's 6.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HOBIX Holbrook Income Fund Class I	6.29%	6.45%	7.04%	6.35%	5.31%	3.97%	6.30%	3.51%	4.32%	2.12%	0.00%
LAPLX Lord Abbett Core Plus Bond Fund	4.98%	5.01%	4.43%	4.15%	2.79%	2.26%	4.27%	3.79%	3.94%	2.41%	0.65%

Frequently Asked Questions

Can I hold both LAPLX and HOBIX in my portfolio?

LAPLX and HOBIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAPLX or HOBIX?

LAPLX has higher volatility (1.45%) compared to HOBIX (0.53%). In terms of maximum drawdown, LAPLX dropped -19.06% vs HOBIX's -23.52%.

Which has better risk-adjusted returns?

HOBIX currently has the higher Sharpe Ratio (3.31 vs 1.51), 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.