LBFFX vs. OIOIX

Last updated Jun 4, 2026

LBFFX (Lord Abbett Convertible Fund Class F) and OIOIX (AXS Income Opportunities Fund) are both Preferred Stock/Convertible Bonds funds. At a 0.48 correlation, their price movements are largely independent. LBFFX charges 0.93%/yr vs 1.34%/yr for OIOIX.

Performance

LBFFX vs. OIOIX - Performance Comparison

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

Returns By Period

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%

OIOIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LBFFX vs. OIOIX - 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%
OIOIX AXS Income Opportunities Fund	1.53%	-2.04%	8.71%	22.13%	-20.56%	21.10%	-18.05%	20.96%	-8.31%	5.21%

Correlation

The correlation between LBFFX and OIOIX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013	0.48

The correlation between LBFFX and OIOIX shifts across timeframes, from 0.29 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LBFFX vs. OIOIX — 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

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. OIOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F (LBFFX) and AXS Income Opportunities Fund (OIOIX). 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	OIOIX	Difference
Sharpe ratio: Return per unit of total volatility	2.93	—	—
Sortino ratio: Return per unit of downside risk	3.81	—	—
Omega ratio: Gain probability vs. loss probability	1.51	—	—
Calmar ratio: Return relative to maximum drawdown	6.10	—	—
Martin ratio: Return relative to average drawdown	22.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LBFFX	OIOIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	—	—

Drawdowns

Drawdown Indicators

	LBFFX	OIOIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.13%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.61%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-10.31%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	—	—

Volatility

Volatility by Period

	LBFFX	OIOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.67%	—	—

LBFFX vs. OIOIX - Expense Ratio Comparison

LBFFX has a 0.93% expense ratio, which is lower than OIOIX's 1.34% expense ratio.

Dividends

LBFFX vs. OIOIX - Dividend Comparison

LBFFX's dividend yield for the trailing twelve months is around 1.22%, less than OIOIX's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
OIOIX AXS Income Opportunities Fund	4.87%	3.98%	5.23%	7.08%	7.77%	5.98%	6.96%	6.51%	8.10%	5.63%	7.43%	6.92%

Frequently Asked Questions

Can I hold both LBFFX and OIOIX in my portfolio?

LBFFX and OIOIX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.