LBFFX vs. CNSDX

Last updated Aug 1, 2026

LBFFX (Lord Abbett Convertible Fund Class F) and CNSDX (Invesco Convertible Securities Fund) are both Convertible Bonds funds. Over the past 10 years, LBFFX returned 11.81%/yr vs 10.55%/yr for CNSDX. Their correlation of 0.95 means they have usually moved in the same direction. LBFFX charges 0.93%/yr vs 0.68%/yr for CNSDX.

Performance

LBFFX vs. CNSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Convertible Fund Class F (LBFFX) and Invesco Convertible Securities Fund (CNSDX). 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 CNSDX's 14.61% return. Over the past 10 years, LBFFX has outperformed CNSDX with an annualized return of 11.81%, while CNSDX has yielded a comparatively lower 10.55% annualized return.

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%

CNSDX

• 1D: 2.96%
• 1M: -3.26%
• 6M: 8.67%
• YTD: 14.61%
• 1Y: 23.05%
• 3Y*: 14.50%
• 5Y*: 6.35%
• 10Y*: 10.55%
• ALL TIME*: 7.89%

*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)
CNSDX Invesco Convertible Securities Fund	$0.00	$0.00	$0.00
LBFFX Lord Abbett Convertible Fund Class F	$0.00	$0.00	$0.00

LBFFX vs. CNSDX - 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%
CNSDX Invesco Convertible Securities Fund	14.61%	16.24%	9.95%	8.18%	-15.51%	4.69%	44.68%	21.25%	-1.60%	10.68%

Correlation

The correlation between LBFFX and CNSDX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007	0.95

The correlation between LBFFX and CNSDX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

LBFFX vs. CNSDX — 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

CNSDX

CNSDX Risk / Return Rank: 45
CNSDX Sharpe Ratio Rank: 39
CNSDX Sortino Ratio Rank: 37
CNSDX Omega Ratio Rank: 36
CNSDX Calmar Ratio Rank: 60
CNSDX Martin Ratio Rank: 52

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. CNSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F (LBFFX) and Invesco Convertible Securities Fund (CNSDX). 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	CNSDX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.21	+0.11
Sortino ratio: Return per unit of downside risk	1.84	1.70	+0.15
Omega ratio: Gain probability vs. loss probability	1.22	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.97	2.09	-0.12
Martin ratio: Return relative to average drawdown	7.58	7.22	+0.36

LBFFX vs. CNSDX - Sharpe Ratio Comparison

The current LBFFX Sharpe Ratio is 1.31, which is comparable to the CNSDX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of LBFFX and CNSDX, 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. CNSDX - Drawdown Comparison

The maximum LBFFX drawdown since its inception was -41.13%, roughly equal to the maximum CNSDX drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for LBFFX and CNSDX.

Drawdown Indicators

	LBFFX	CNSDX	Difference
Max Drawdown Largest peak-to-trough decline	-41.13%	-39.33%	-1.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-10.27%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-12.15%	-13.32%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-30.86%	-22.73%	-8.13%
Max Drawdown (10Y) Largest decline over 10 years	-33.61%	-24.19%	-9.42%
Current Drawdown Current decline from peak	-8.56%	-7.61%	-0.95%
Average Drawdown Average peak-to-trough decline	-10.27%	-6.89%	-3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.96%	-0.05%

Volatility

LBFFX vs. CNSDX - Volatility Comparison

Lord Abbett Convertible Fund Class F (LBFFX) and Invesco Convertible Securities Fund (CNSDX) have volatilities of 5.80% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBFFX	CNSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	5.91%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	14.49%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	17.78%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	12.76%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	13.07%	+0.77%

LBFFX vs. CNSDX - Expense Ratio Comparison

LBFFX has a 0.93% expense ratio, which is higher than CNSDX's 0.68% expense ratio.

Dividends

LBFFX vs. CNSDX - Dividend Comparison

LBFFX's dividend yield for the trailing twelve months is around 1.34%, less than CNSDX's 10.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNSDX Invesco Convertible Securities Fund	10.25%	11.77%	3.46%	1.46%	3.97%	28.36%	10.96%	5.21%	12.65%	4.57%	3.74%	2.74%
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 CNSDX in my portfolio?

With a correlation of 0.97, LBFFX and CNSDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LBFFX or CNSDX?

CNSDX has higher volatility (5.91%) compared to LBFFX (5.80%). In terms of maximum drawdown, LBFFX dropped -41.13% vs CNSDX's -39.33%.

Which has better risk-adjusted returns?

LBFFX currently has the higher Sharpe Ratio (1.31 vs 1.21), 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.