LAVLX vs. ALFAX

Last updated Jun 5, 2026

LAVLX (Lord Abbett Mid Cap Stock Fund) and ALFAX (Lord Abbett Alpha Strategy Fund) are both mutual funds - LAVLX is a Mid Cap Value Equities fund managed by Lord Abbett, while ALFAX is a Small Cap Growth Equities fund managed by Lord Abbett. Over the past 10 years, LAVLX returned 8.74%/yr vs 10.49%/yr for ALFAX. Their correlation of 0.86 suggests significant overlap in exposure. LAVLX charges 0.98%/yr vs 1.40%/yr for ALFAX.

Performance

LAVLX vs. ALFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Mid Cap Stock Fund (LAVLX) and Lord Abbett Alpha Strategy Fund (ALFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAVLX achieves a 11.94% return, which is significantly lower than ALFAX's 18.47% return. Over the past 10 years, LAVLX has underperformed ALFAX with an annualized return of 8.74%, while ALFAX has yielded a comparatively higher 10.49% annualized return.

LAVLX

• 1D: 0.48%
• 1M: 0.72%
• YTD: 11.94%
• 6M: 11.17%
• 1Y: 24.21%
• 3Y*: 16.17%
• 5Y*: 8.38%
• 10Y*: 8.74%

ALFAX

• 1D: -0.19%
• 1M: 2.22%
• YTD: 18.47%
• 6M: 17.29%
• 1Y: 32.20%
• 3Y*: 15.66%
• 5Y*: 5.07%
• 10Y*: 10.49%

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

LAVLX vs. ALFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAVLX Lord Abbett Mid Cap Stock Fund	11.94%	7.28%	14.96%	15.50%	-11.02%	28.79%	2.73%	22.92%	-14.55%	7.06%
ALFAX Lord Abbett Alpha Strategy Fund	18.47%	8.80%	13.18%	13.92%	-23.50%	15.01%	26.16%	24.95%	-9.72%	20.61%

Correlation

The correlation between LAVLX and ALFAX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 5, 1998	0.86

The correlation between LAVLX and ALFAX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

LAVLX vs. ALFAX — Risk / Return Rank

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

LAVLX

LAVLX Risk / Return Rank: 51
LAVLX Sharpe Ratio Rank: 44
LAVLX Sortino Ratio Rank: 45
LAVLX Omega Ratio Rank: 41
LAVLX Calmar Ratio Rank: 66
LAVLX Martin Ratio Rank: 57

ALFAX

ALFAX Risk / Return Rank: 53
ALFAX Sharpe Ratio Rank: 45
ALFAX Sortino Ratio Rank: 45
ALFAX Omega Ratio Rank: 41
ALFAX Calmar Ratio Rank: 70
ALFAX Martin Ratio Rank: 62

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.

LAVLX vs. ALFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Mid Cap Stock Fund (LAVLX) and Lord Abbett Alpha Strategy Fund (ALFAX). 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.

	LAVLX	ALFAX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.94	-0.02
Sortino ratio: Return per unit of downside risk	2.83	2.76	+0.06
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	3.08	3.17	-0.09
Martin ratio: Return relative to average drawdown	11.36	12.20	-0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAVLX vs. ALFAX - Sharpe Ratio Comparison

The current LAVLX Sharpe Ratio is 1.92, which is comparable to the ALFAX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of LAVLX and ALFAX, 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

	LAVLX	ALFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.94	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.26	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.51	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.43	+0.16

Drawdowns

LAVLX vs. ALFAX - Drawdown Comparison

The maximum LAVLX drawdown since its inception was -60.58%, which is greater than ALFAX's maximum drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for LAVLX and ALFAX.

Drawdown Indicators

	LAVLX	ALFAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-57.11%	-3.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-10.31%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-25.01%	+4.10%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-33.88%	+12.12%
Max Drawdown (10Y) Largest decline over 10 years	-42.16%	-40.29%	-1.87%
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-8.11%	-12.87%	+4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.67%	-0.58%

Volatility

LAVLX vs. ALFAX - Volatility Comparison

The current volatility for Lord Abbett Mid Cap Stock Fund (LAVLX) is 3.94%, while Lord Abbett Alpha Strategy Fund (ALFAX) has a volatility of 5.82%. This indicates that LAVLX experiences smaller price fluctuations and is considered to be less risky than ALFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAVLX	ALFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	5.82%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	13.06%	-3.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	16.86%	-4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	19.86%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	20.72%	-1.15%

LAVLX vs. ALFAX - Expense Ratio Comparison

LAVLX has a 0.98% expense ratio, which is lower than ALFAX's 1.40% expense ratio.

Dividends

LAVLX vs. ALFAX - Dividend Comparison

LAVLX's dividend yield for the trailing twelve months is around 6.29%, more than ALFAX's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALFAX Lord Abbett Alpha Strategy Fund	4.48%	5.30%	0.80%	0.46%	6.94%	5.38%	7.99%	14.66%	16.61%	11.96%	11.85%	15.83%
LAVLX Lord Abbett Mid Cap Stock Fund	6.29%	7.04%	9.70%	1.23%	8.40%	8.51%	1.19%	3.19%	6.55%	2.67%	0.60%	0.79%

Frequently Asked Questions

Can I hold both LAVLX and ALFAX in my portfolio?

LAVLX and ALFAX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAVLX or ALFAX?

ALFAX has higher volatility (5.82%) compared to LAVLX (3.94%). In terms of maximum drawdown, LAVLX dropped -60.58% vs ALFAX's -57.11%.

Which has better risk-adjusted returns?

ALFAX currently has the higher Sharpe Ratio (1.94 vs 1.92), 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.