LBFFX vs. CHI

Last updated Aug 1, 2026

LBFFX (Lord Abbett Convertible Fund Class F) and CHI (Calamos Convertible Opportunities and Income Fund) are both Convertible Bonds funds. Over the past 10 years, LBFFX returned 11.81%/yr vs 12.23%/yr for CHI. Their 0.57 correlation means they have sometimes moved together and sometimes differently. LBFFX charges 0.93%/yr vs 0.88%/yr for CHI.

Performance

LBFFX vs. CHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Convertible Fund Class F (LBFFX) and Calamos Convertible Opportunities and Income Fund (CHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LBFFX achieves a 11.96% return, which is significantly lower than CHI's 25.35% return. Both investments have delivered pretty close results over the past 10 years, with LBFFX having a 11.81% annualized return and CHI not far ahead at 12.23%.

LBFFX

• 1D: 3.00%
• 1M: -3.67%
• 6M: 5.78%
• YTD: 11.96%
• 1Y: 23.23%
• 3Y*: 16.69%
• 5Y*: 5.12%
• 10Y*: 11.81%
• ALL TIME*: 8.03%

CHI

• 1D: 1.21%
• 1M: -3.44%
• 6M: 16.98%
• YTD: 25.35%
• 1Y: 35.42%
• 3Y*: 14.65%
• 5Y*: 6.12%
• 10Y*: 12.23%
• ALL TIME*: 9.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHI Calamos Convertible Opportunities and Income Fund	$2.29M	$2.24M	$2.26M
LBFFX Lord Abbett Convertible Fund Class F	$0.00	$0.00	$0.00

LBFFX vs. CHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LBFFX Lord Abbett Convertible Fund Class F	11.96%	22.11%	13.82%	7.16%	-23.30%	1.26%	64.16%	24.19%	-5.89%	16.68%
CHI Calamos Convertible Opportunities and Income Fund	25.35%	-2.15%	27.23%	9.49%	-23.31%	20.31%	33.82%	35.66%	-12.67%	22.70%

Correlation

The correlation between LBFFX and CHI is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007	0.57

The correlation between LBFFX and CHI shifts across timeframes, from 0.57 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LBFFX vs. CHI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LBFFX

LBFFX Risk / Return Rank: 50
LBFFX Sharpe Ratio Rank: 48
LBFFX Sortino Ratio Rank: 45
LBFFX Omega Ratio Rank: 42
LBFFX Calmar Ratio Rank: 56
LBFFX Martin Ratio Rank: 58

CHI

CHI Risk / Return Rank: 82
CHI Sharpe Ratio Rank: 80
CHI Sortino Ratio Rank: 76
CHI Omega Ratio Rank: 75
CHI Calmar Ratio Rank: 89
CHI Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LBFFX vs. CHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F (LBFFX) and Calamos Convertible Opportunities and Income Fund (CHI). 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.

	LBFFX	CHI	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.86	-0.55
Sortino ratio: Return per unit of downside risk	1.84	2.56	-0.72
Omega ratio: Gain probability vs. loss probability	1.22	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	1.97	3.25	-1.28
Martin ratio: Return relative to average drawdown	7.58	11.72	-4.14

LBFFX vs. CHI - Sharpe Ratio Comparison

The current LBFFX Sharpe Ratio is 1.31, which is comparable to the CHI Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of LBFFX and CHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LBFFX vs. CHI - Drawdown Comparison

The maximum LBFFX drawdown since its inception was -41.13%, smaller than the maximum CHI drawdown of -64.72%. Use the drawdown chart below to compare losses from any high point for LBFFX and CHI.

Drawdown Indicators

	LBFFX	CHI	Difference
Max Drawdown Largest peak-to-trough decline	-41.13%	-64.72%	+23.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-10.71%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.15%	-27.52%	+15.37%
Max Drawdown (5Y) Largest decline over 5 years	-30.86%	-36.03%	+5.17%
Max Drawdown (10Y) Largest decline over 10 years	-33.61%	-49.64%	+16.03%
Current Drawdown Current decline from peak	-8.56%	-6.10%	-2.46%
Average Drawdown Average peak-to-trough decline	-10.27%	-9.62%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.96%	-0.05%

Volatility

LBFFX vs. CHI - Volatility Comparison

The current volatility for Lord Abbett Convertible Fund Class F (LBFFX) is 5.80%, while Calamos Convertible Opportunities and Income Fund (CHI) has a volatility of 6.95%. This indicates that LBFFX experiences smaller price fluctuations and is considered to be less risky than CHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBFFX	CHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	6.95%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	15.30%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	18.67%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	20.33%	-6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	23.27%	-9.43%

LBFFX vs. CHI - Expense Ratio Comparison

LBFFX has a 0.93% expense ratio, which is higher than CHI's 0.88% expense ratio.

Dividends

LBFFX vs. CHI - Dividend Comparison

LBFFX's dividend yield for the trailing twelve months is around 1.34%, less than CHI's 9.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHI Calamos Convertible Opportunities and Income Fund	9.10%	10.88%	9.55%	11.00%	10.85%	7.54%	6.75%	8.49%	12.19%	10.19%	11.30%	11.50%
LBFFX Lord Abbett Convertible Fund Class F	1.34%	1.80%	2.22%	1.95%	2.60%	18.44%	16.27%	8.71%	4.91%	2.47%	3.64%	3.38%

Frequently Asked Questions

Can I hold both LBFFX and CHI in my portfolio?

LBFFX and CHI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBFFX or CHI?

CHI has higher volatility (6.95%) compared to LBFFX (5.80%). In terms of maximum drawdown, LBFFX dropped -41.13% vs CHI's -64.72%.

Which has better risk-adjusted returns?

CHI currently has the higher Sharpe Ratio (1.86 vs 1.31), 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.