LCFIX vs. LAVLX

Last updated Jun 4, 2026

LCFIX (Lord Abbett California Tax Free Fund) and LAVLX (Lord Abbett Mid Cap Stock Fund) are both mutual funds - LCFIX is a Municipal Bonds fund managed by Lord Abbett, while LAVLX is a Mid Cap Value Equities fund managed by Lord Abbett. Over the past 10 years, LCFIX returned 1.81%/yr vs 8.69%/yr for LAVLX. At a 0.03 correlation, their price movements are largely independent. LCFIX charges 0.77%/yr vs 0.98%/yr for LAVLX.

Performance

LCFIX vs. LAVLX - Performance Comparison

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

Returns By Period

In the year-to-date period, LCFIX achieves a 1.82% return, which is significantly lower than LAVLX's 11.40% return. Over the past 10 years, LCFIX has underperformed LAVLX with an annualized return of 1.81%, while LAVLX has yielded a comparatively higher 8.69% annualized return.

LCFIX

• 1D: 0.20%
• 1M: 1.00%
• YTD: 1.82%
• 6M: 2.02%
• 1Y: 7.74%
• 3Y*: 3.58%
• 5Y*: -0.17%
• 10Y*: 1.81%

LAVLX

• 1D: 1.79%
• 1M: 1.43%
• YTD: 11.40%
• 6M: 11.02%
• 1Y: 23.09%
• 3Y*: 15.98%
• 5Y*: 8.33%
• 10Y*: 8.69%

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

LCFIX vs. LAVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCFIX Lord Abbett California Tax Free Fund	1.82%	3.19%	1.87%	6.63%	-13.89%	2.66%	4.65%	9.54%	0.51%	6.72%
LAVLX Lord Abbett Mid Cap Stock Fund	11.40%	7.28%	14.96%	15.50%	-11.02%	28.79%	2.73%	22.92%	-14.55%	7.06%

Correlation

The correlation between LCFIX and LAVLX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Sep 3, 1985	0.03

The correlation between LCFIX and LAVLX shifts across timeframes, from -0.01 (10 years) to 0.14 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

LCFIX vs. LAVLX — Risk / Return Rank

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

LCFIX

LCFIX Risk / Return Rank: 61
LCFIX Sharpe Ratio Rank: 64
LCFIX Sortino Ratio Rank: 77
LCFIX Omega Ratio Rank: 85
LCFIX Calmar Ratio Rank: 39
LCFIX Martin Ratio Rank: 38

LAVLX

LAVLX Risk / Return Rank: 51
LAVLX Sharpe Ratio Rank: 44
LAVLX Sortino Ratio Rank: 47
LAVLX Omega Ratio Rank: 42
LAVLX Calmar Ratio Rank: 67
LAVLX Martin Ratio Rank: 58

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.

LCFIX vs. LAVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett California Tax Free Fund (LCFIX) and Lord Abbett Mid Cap Stock Fund (LAVLX). 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.

	LCFIX	LAVLX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.95	+0.42
Sortino ratio: Return per unit of downside risk	3.71	2.87	+0.84
Omega ratio: Gain probability vs. loss probability	1.59	1.35	+0.24
Calmar ratio: Return relative to maximum drawdown	2.39	3.14	-0.74
Martin ratio: Return relative to average drawdown	8.36	11.56	-3.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCFIX vs. LAVLX - Sharpe Ratio Comparison

The current LCFIX Sharpe Ratio is 2.37, which is comparable to the LAVLX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of LCFIX and LAVLX, 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

	LCFIX	LAVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.95	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.48	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.45	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.59	+0.35

Drawdowns

LCFIX vs. LAVLX - Drawdown Comparison

The maximum LCFIX drawdown since its inception was -22.34%, smaller than the maximum LAVLX drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for LCFIX and LAVLX.

Drawdown Indicators

	LCFIX	LAVLX	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-60.58%	+38.24%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-7.72%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-6.95%	-20.91%	+13.96%
Max Drawdown (5Y) Largest decline over 5 years	-19.85%	-21.76%	+1.91%
Max Drawdown (10Y) Largest decline over 10 years	-19.85%	-42.16%	+22.31%
Current Drawdown Current decline from peak	-2.10%	-0.37%	-1.73%
Average Drawdown Average peak-to-trough decline	-3.31%	-8.12%	+4.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	2.09%	-1.16%

Volatility

LCFIX vs. LAVLX - Volatility Comparison

The current volatility for Lord Abbett California Tax Free Fund (LCFIX) is 1.36%, while Lord Abbett Mid Cap Stock Fund (LAVLX) has a volatility of 3.96%. This indicates that LCFIX experiences smaller price fluctuations and is considered to be less risky than LAVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCFIX	LAVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	3.96%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	9.13%	-6.63%
Volatility (1Y) Calculated over the trailing 1-year period	3.31%	12.40%	-9.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.81%	17.31%	-12.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.90%	19.57%	-14.67%

LCFIX vs. LAVLX - Expense Ratio Comparison

LCFIX has a 0.77% expense ratio, which is lower than LAVLX's 0.98% expense ratio.

Dividends

LCFIX vs. LAVLX - Dividend Comparison

LCFIX's dividend yield for the trailing twelve months is around 3.55%, less than LAVLX's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LAVLX Lord Abbett Mid Cap Stock Fund	6.32%	7.04%	9.70%	1.23%	8.40%	8.51%	1.19%	3.19%	6.55%	2.67%	0.60%	0.79%
LCFIX Lord Abbett California Tax Free Fund	3.55%	4.07%	3.04%	2.77%	2.02%	2.19%	2.40%	3.01%	3.09%	3.05%	3.35%	3.37%

Frequently Asked Questions

Can I hold both LCFIX and LAVLX in my portfolio?

LCFIX and LAVLX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCFIX or LAVLX?

LAVLX has higher volatility (3.96%) compared to LCFIX (1.36%). In terms of maximum drawdown, LCFIX dropped -22.34% vs LAVLX's -60.58%.

Which has better risk-adjusted returns?

LCFIX currently has the higher Sharpe Ratio (2.37 vs 1.95), 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.