LCFYX vs. HICSX

Last updated Aug 1, 2026

LCFYX (Lord Abbett Convertible Fund) and HICSX (Harbor Convertible Securities Fund) are both Convertible Bonds funds. Over the past 10 years, LCFYX returned 11.91%/yr vs 9.27%/yr for HICSX. Their correlation of 0.91 means they have usually moved in the same direction. LCFYX charges 0.86%/yr vs 1.12%/yr for HICSX.

Performance

LCFYX vs. HICSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Convertible Fund (LCFYX) and Harbor Convertible Securities Fund (HICSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCFYX achieves a 12.01% return, which is significantly lower than HICSX's 13.82% return. Over the past 10 years, LCFYX has outperformed HICSX with an annualized return of 11.91%, while HICSX has yielded a comparatively lower 9.27% annualized return.

LCFYX

• 1D: 2.97%
• 1M: -3.69%
• 6M: 5.75%
• YTD: 12.01%
• 1Y: 23.32%
• 3Y*: 16.80%
• 5Y*: 5.21%
• 10Y*: 11.91%
• ALL TIME*: 8.53%

HICSX

• 1D: 3.14%
• 1M: -3.20%
• 6M: 8.77%
• YTD: 13.82%
• 1Y: 25.28%
• 3Y*: 16.05%
• 5Y*: 7.26%
• 10Y*: 9.27%
• ALL TIME*: 7.50%

*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)
HICSX Harbor Convertible Securities Fund	$0.00	$0.00	$0.00
LCFYX Lord Abbett Convertible Fund	$0.00	$0.00	$0.00

LCFYX vs. HICSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCFYX Lord Abbett Convertible Fund	12.01%	22.27%	13.91%	7.25%	-23.24%	1.34%	64.36%	24.25%	-5.76%	16.78%
HICSX Harbor Convertible Securities Fund	13.82%	19.99%	12.36%	10.37%	-15.55%	2.07%	31.41%	17.89%	-0.65%	7.93%

Correlation

The correlation between LCFYX and HICSX is 0.98 - 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.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since May 3, 2011	0.91

The correlation between LCFYX and HICSX has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

Return for Risk

LCFYX vs. HICSX — Risk / Return Rank

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

LCFYX

LCFYX Risk / Return Rank: 49
LCFYX Sharpe Ratio Rank: 47
LCFYX Sortino Ratio Rank: 44
LCFYX Omega Ratio Rank: 41
LCFYX Calmar Ratio Rank: 56
LCFYX Martin Ratio Rank: 57

HICSX

HICSX Risk / Return Rank: 58
HICSX Sharpe Ratio Rank: 56
HICSX Sortino Ratio Rank: 52
HICSX Omega Ratio Rank: 50
HICSX Calmar Ratio Rank: 63
HICSX Martin Ratio Rank: 69

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.

LCFYX vs. HICSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund (LCFYX) and Harbor Convertible Securities Fund (HICSX). 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.

	LCFYX	HICSX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.46	-0.14
Sortino ratio: Return per unit of downside risk	1.85	2.01	-0.17
Omega ratio: Gain probability vs. loss probability	1.23	1.25	-0.03
Calmar ratio: Return relative to maximum drawdown	1.98	2.17	-0.19
Martin ratio: Return relative to average drawdown	7.62	8.68	-1.06

LCFYX vs. HICSX - Sharpe Ratio Comparison

The current LCFYX Sharpe Ratio is 1.32, which is comparable to the HICSX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of LCFYX and HICSX, 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

LCFYX vs. HICSX - Drawdown Comparison

The maximum LCFYX drawdown since its inception was -39.17%, which is greater than HICSX's maximum drawdown of -23.68%. Use the drawdown chart below to compare losses from any high point for LCFYX and HICSX.

Drawdown Indicators

	LCFYX	HICSX	Difference
Max Drawdown Largest peak-to-trough decline	-39.17%	-23.68%	-15.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-10.94%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	-11.24%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-22.03%	-8.71%
Max Drawdown (10Y) Largest decline over 10 years	-33.42%	-23.68%	-9.74%
Current Drawdown Current decline from peak	-8.56%	-8.15%	-0.41%
Average Drawdown Average peak-to-trough decline	-8.37%	-4.77%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.73%	+0.17%

Volatility

LCFYX vs. HICSX - Volatility Comparison

Lord Abbett Convertible Fund (LCFYX) and Harbor Convertible Securities Fund (HICSX) have volatilities of 5.80% and 5.90%, 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

	LCFYX	HICSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	5.90%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	13.83%	13.49%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	16.34%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.43%	11.89%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.83%	11.10%	+2.73%

LCFYX vs. HICSX - Expense Ratio Comparison

LCFYX has a 0.86% expense ratio, which is lower than HICSX's 1.12% expense ratio.

Dividends

LCFYX vs. HICSX - Dividend Comparison

LCFYX's dividend yield for the trailing twelve months is around 1.40%, less than HICSX's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HICSX Harbor Convertible Securities Fund	1.52%	1.95%	3.22%	2.91%	0.44%	14.09%	9.57%	3.61%	6.45%	10.65%	0.98%	3.95%
LCFYX Lord Abbett Convertible Fund	1.40%	1.88%	2.31%	2.06%	2.73%	18.40%	16.22%	8.76%	4.99%	2.54%	3.72%	3.48%

Frequently Asked Questions

Can I hold both LCFYX and HICSX in my portfolio?

With a correlation of 0.98, LCFYX and HICSX 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, LCFYX or HICSX?

HICSX has higher volatility (5.90%) compared to LCFYX (5.80%). In terms of maximum drawdown, LCFYX dropped -39.17% vs HICSX's -23.68%.

Which has better risk-adjusted returns?

HICSX currently has the higher Sharpe Ratio (1.46 vs 1.32), 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.