LBFFX vs. FICVX

Last updated Jun 4, 2026

LBFFX (Lord Abbett Convertible Fund Class F) and FICVX (Fidelity Advisor Convertible Securities Fund Class I) are both Preferred Stock/Convertible Bonds funds. Over the past 10 years, LBFFX returned 13.36%/yr vs 13.28%/yr for FICVX. Their correlation of 0.93 suggests significant overlap in exposure. LBFFX charges 0.93%/yr vs 0.70%/yr for FICVX.

Performance

LBFFX vs. FICVX - Performance Comparison

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

Returns By Period

In the year-to-date period, LBFFX achieves a 22.45% return, which is significantly lower than FICVX's 25.40% return. Both investments have delivered pretty close results over the past 10 years, with LBFFX having a 13.36% annualized return and FICVX not far behind at 13.28%.

LBFFX

• 1D: 0.93%
• 1M: 5.66%
• YTD: 22.45%
• 6M: 22.84%
• 1Y: 42.04%
• 3Y*: 21.29%
• 5Y*: 7.29%
• 10Y*: 13.36%

FICVX

• 1D: 1.16%
• 1M: 7.39%
• YTD: 25.40%
• 6M: 24.89%
• 1Y: 44.52%
• 3Y*: 19.61%
• 5Y*: 9.63%
• 10Y*: 13.28%

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

LBFFX vs. FICVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LBFFX Lord Abbett Convertible Fund Class F	22.45%	22.11%	13.82%	7.16%	-23.30%	1.26%	64.16%	24.19%	-5.89%	16.68%
FICVX Fidelity Advisor Convertible Securities Fund Class I	25.40%	18.28%	8.11%	11.39%	-15.38%	9.93%	42.46%	28.58%	-1.31%	9.03%

Correlation

The correlation between LBFFX and FICVX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Feb 20, 2009	0.93

The correlation between LBFFX and FICVX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

LBFFX vs. FICVX — Risk / Return Rank

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

LBFFX

LBFFX Risk / Return Rank: 88
LBFFX Sharpe Ratio Rank: 89
LBFFX Sortino Ratio Rank: 80
LBFFX Omega Ratio Rank: 78
LBFFX Calmar Ratio Rank: 96
LBFFX Martin Ratio Rank: 95

FICVX

FICVX Risk / Return Rank: 90
FICVX Sharpe Ratio Rank: 92
FICVX Sortino Ratio Rank: 84
FICVX Omega Ratio Rank: 80
FICVX Calmar Ratio Rank: 96
FICVX Martin Ratio Rank: 96

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.

LBFFX vs. FICVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F (LBFFX) and Fidelity Advisor Convertible Securities Fund Class I (FICVX). 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.

	LBFFX	FICVX	Difference
Sharpe ratio: Return per unit of total volatility	2.93	3.08	-0.15
Sortino ratio: Return per unit of downside risk	3.81	3.96	-0.15
Omega ratio: Gain probability vs. loss probability	1.51	1.53	-0.02
Calmar ratio: Return relative to maximum drawdown	6.10	6.40	-0.30
Martin ratio: Return relative to average drawdown	22.79	25.13	-2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LBFFX vs. FICVX - Sharpe Ratio Comparison

The current LBFFX Sharpe Ratio is 2.93, which is comparable to the FICVX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of LBFFX and FICVX, 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

	LBFFX	FICVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	3.08	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.72	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	0.98	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.03	-0.35

Drawdowns

LBFFX vs. FICVX - Drawdown Comparison

The maximum LBFFX drawdown since its inception was -41.13%, which is greater than FICVX's maximum drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for LBFFX and FICVX.

Drawdown Indicators

	LBFFX	FICVX	Difference
Max Drawdown Largest peak-to-trough decline	-41.13%	-25.06%	-16.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-7.14%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-12.15%	-18.88%	+6.73%
Max Drawdown (5Y) Largest decline over 5 years	-30.86%	-24.20%	-6.66%
Max Drawdown (10Y) Largest decline over 10 years	-33.61%	-25.06%	-8.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.31%	-5.63%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.82%	+0.07%

Volatility

LBFFX vs. FICVX - Volatility Comparison

Lord Abbett Convertible Fund Class F (LBFFX) has a higher volatility of 5.38% compared to Fidelity Advisor Convertible Securities Fund Class I (FICVX) at 4.87%. This indicates that LBFFX's price experiences larger fluctuations and is considered to be riskier than FICVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBFFX	FICVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	4.87%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	11.86%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	14.84%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	13.48%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.67%	13.65%	+0.02%

LBFFX vs. FICVX - Expense Ratio Comparison

LBFFX has a 0.93% expense ratio, which is higher than FICVX's 0.70% expense ratio.

Dividends

LBFFX vs. FICVX - Dividend Comparison

LBFFX's dividend yield for the trailing twelve months is around 1.22%, less than FICVX's 8.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FICVX Fidelity Advisor Convertible Securities Fund Class I	8.81%	11.38%	2.02%	2.12%	3.73%	20.65%	10.73%	3.28%	9.85%	4.09%	4.90%	10.39%
LBFFX Lord Abbett Convertible Fund Class F	1.22%	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 FICVX in my portfolio?

With a correlation of 0.96, LBFFX and FICVX 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 FICVX?

LBFFX has higher volatility (5.38%) compared to FICVX (4.87%). In terms of maximum drawdown, LBFFX dropped -41.13% vs FICVX's -25.06%.

Which has better risk-adjusted returns?

FICVX currently has the higher Sharpe Ratio (3.08 vs 2.93), 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.