LCFYX vs. LAGWX

Last updated Jun 3, 2026

LCFYX (Lord Abbett Convertible Fund) and LAGWX (Lord Abbett Developing Growth Fund) are both mutual funds - LCFYX is a Convertible Bonds fund managed by Lord Abbett, while LAGWX is a Small Cap Growth Equities fund managed by Lord Abbett. Over the past 10 years, LCFYX returned 13.37%/yr vs 14.74%/yr for LAGWX. Their correlation of 0.90 suggests significant overlap in exposure. LCFYX charges 0.86%/yr vs 0.93%/yr for LAGWX.

Performance

LCFYX vs. LAGWX - Performance Comparison

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

Returns By Period

In the year-to-date period, LCFYX achieves a 21.38% return, which is significantly lower than LAGWX's 29.96% return. Over the past 10 years, LCFYX has underperformed LAGWX with an annualized return of 13.37%, while LAGWX has yielded a comparatively higher 14.74% annualized return.

LCFYX

• 1D: 0.48%
• 1M: 5.61%
• YTD: 21.38%
• 6M: 22.09%
• 1Y: 41.68%
• 3Y*: 21.04%
• 5Y*: 6.99%
• 10Y*: 13.37%

LAGWX

• 1D: -0.54%
• 1M: 10.33%
• YTD: 29.96%
• 6M: 29.01%
• 1Y: 61.07%
• 3Y*: 21.34%
• 5Y*: 4.35%
• 10Y*: 14.74%

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

LCFYX vs. LAGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCFYX Lord Abbett Convertible Fund	21.38%	22.27%	13.91%	7.25%	-23.24%	1.34%	64.36%	24.25%	-5.76%	16.78%
LAGWX Lord Abbett Developing Growth Fund	29.96%	14.37%	21.89%	8.50%	-36.09%	-2.77%	72.40%	31.47%	4.52%	29.92%

Correlation

The correlation between LCFYX and LAGWX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 1, 2003	0.90

The correlation between LCFYX and LAGWX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

LCFYX vs. LAGWX — Risk / Return Rank

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

LCFYX

LCFYX Risk / Return Rank: 87
LCFYX Sharpe Ratio Rank: 88
LCFYX Sortino Ratio Rank: 79
LCFYX Omega Ratio Rank: 76
LCFYX Calmar Ratio Rank: 95
LCFYX Martin Ratio Rank: 95

LAGWX

LAGWX Risk / Return Rank: 68
LAGWX Sharpe Ratio Rank: 66
LAGWX Sortino Ratio Rank: 52
LAGWX Omega Ratio Rank: 51
LAGWX Calmar Ratio Rank: 88
LAGWX Martin Ratio Rank: 85

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.

LCFYX vs. LAGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund (LCFYX) and Lord Abbett Developing Growth Fund (LAGWX). 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.

	LCFYX	LAGWX	Difference
Sharpe ratio Return per unit of total volatility	2.88	2.39	+0.49
Sortino ratio Return per unit of downside risk	3.75	3.03	+0.72
Omega ratio Gain probability vs. loss probability	1.50	1.39	+0.11
Calmar ratio Return relative to maximum drawdown	6.02	4.34	+1.69
Martin ratio Return relative to average drawdown	22.55	16.20	+6.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCFYX vs. LAGWX - Sharpe Ratio Comparison

The current LCFYX Sharpe Ratio is 2.88, which is comparable to the LAGWX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of LCFYX and LAGWX, 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

	LCFYX	LAGWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.39	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.16	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	0.54	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.50	+0.26

Drawdowns

LCFYX vs. LAGWX - Drawdown Comparison

The maximum LCFYX drawdown since its inception was -39.17%, smaller than the maximum LAGWX drawdown of -60.31%. Use the drawdown chart below to compare losses from any high point for LCFYX and LAGWX.

Drawdown Indicators

	LCFYX	LAGWX	Difference
Max Drawdown Largest peak-to-trough decline	-39.17%	-60.31%	+21.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-14.72%	+7.66%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	-32.10%	+19.94%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-51.25%	+20.51%
Max Drawdown (10Y) Largest decline over 10 years	-33.42%	-54.38%	+20.96%
Current Drawdown Current decline from peak	0.00%	-1.27%	+1.27%
Average Drawdown Average peak-to-trough decline	-8.40%	-17.07%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	3.94%	-2.05%

Volatility

LCFYX vs. LAGWX - Volatility Comparison

The current volatility for Lord Abbett Convertible Fund (LCFYX) is 5.37%, while Lord Abbett Developing Growth Fund (LAGWX) has a volatility of 9.54%. This indicates that LCFYX experiences smaller price fluctuations and is considered to be less risky than LAGWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCFYX	LAGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	9.54%	-4.17%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	21.57%	-9.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	26.58%	-11.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	27.67%	-14.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.65%	27.24%	-13.59%

LCFYX vs. LAGWX - Expense Ratio Comparison

LCFYX has a 0.86% expense ratio, which is lower than LAGWX's 0.93% expense ratio.

Dividends

LCFYX vs. LAGWX - Dividend Comparison

LCFYX's dividend yield for the trailing twelve months is around 1.28%, while LAGWX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LAGWX Lord Abbett Developing Growth Fund	0.00%	0.00%	0.03%	0.00%	0.00%	12.60%	9.67%	22.87%	33.87%	0.00%	0.00%	10.03%
LCFYX Lord Abbett Convertible Fund	1.28%	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 LAGWX in my portfolio?

LCFYX and LAGWX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCFYX or LAGWX?

LAGWX has higher volatility (9.54%) compared to LCFYX (5.37%). In terms of maximum drawdown, LCFYX dropped -39.17% vs LAGWX's -60.31%.

Which has better risk-adjusted returns?

LCFYX currently has the higher Sharpe Ratio (2.88 vs 2.39), 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.