LCFYX vs. LOCFX
LCFYX (Lord Abbett Convertible Fund) and LOCFX (Lord Abbett Convertible Fund Class F3) are both Convertible Bonds funds from Lord Abbett. Over the past 5 years, LCFYX returned 5.21%/yr vs 5.31%/yr for LOCFX. Their 0.95 correlation means they have historically moved very closely together. LCFYX charges 0.86%/yr vs 0.82%/yr for LOCFX.
Performance
LCFYX vs. LOCFX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LCFYX having a 12.01% return and LOCFX slightly higher at 12.04%.
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%
LOCFX
- 1D
- 2.95%
- 1M
- -3.66%
- 6M
- 5.82%
- YTD
- 12.04%
- 1Y
- 23.43%
- 3Y*
- 16.89%
- 5Y*
- 5.31%
- 10Y*
- —
- ALL TIME*
- 11.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LCFYX vs. LOCFX - 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% | 10.04% |
LOCFX Lord Abbett Convertible Fund Class F3 | 12.04% | 22.43% | 14.00% | 7.30% | -23.12% | 1.40% | 64.47% | 25.07% | -6.42% | 10.04% |
Correlation
The correlation between LCFYX and LOCFX is 1.00 - 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. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017 | 0.95 |
The correlation between LCFYX and LOCFX has been stable across timeframes, ranging from 0.95 to 1.00 - a consistent structural relationship.
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Return for Risk
LCFYX vs. LOCFX — Risk / Return Rank
LCFYX
LOCFX
LCFYX vs. LOCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund (LCFYX) and Lord Abbett Convertible Fund Class F3 (LOCFX). 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 | LOCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.00 | -0.02 |
| Martin ratioReturn relative to average drawdown | 7.62 | 7.73 | -0.11 |
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Drawdowns
LCFYX vs. LOCFX - Drawdown Comparison
The maximum LCFYX drawdown since its inception was -39.17%, which is greater than LOCFX's maximum drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for LCFYX and LOCFX.
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Drawdown Indicators
| LCFYX | LOCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.17% | -33.29% | -5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -11.13% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -12.09% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -30.60% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -33.42% | — | — |
Current DrawdownCurrent decline from peak | -8.56% | -8.50% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -11.10% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.88% | +0.02% |
Volatility
LCFYX vs. LOCFX - Volatility Comparison
Lord Abbett Convertible Fund (LCFYX) and Lord Abbett Convertible Fund Class F3 (LOCFX) have volatilities of 5.80% and 5.76%, 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.
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Volatility by Period
| LCFYX | LOCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 5.76% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 13.79% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 16.80% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 13.41% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 14.16% | -0.33% |
LCFYX vs. LOCFX - Expense Ratio Comparison
LCFYX has a 0.86% expense ratio, which is higher than LOCFX's 0.82% expense ratio.
Dividends
LCFYX vs. LOCFX - Dividend Comparison
LCFYX's dividend yield for the trailing twelve months is around 1.40%, which matches LOCFX's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LOCFX Lord Abbett Convertible Fund Class F3 | 1.39% | 1.86% | 2.29% | 2.06% | 2.72% | 18.36% | 16.20% | 8.75% | 5.02% | 2.08% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, LCFYX and LOCFX 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.
LCFYX has higher volatility (5.80%) compared to LOCFX (5.76%). In terms of maximum drawdown, LCFYX dropped -39.17% vs LOCFX's -33.29%.
LOCFX currently has the higher Sharpe Ratio (1.33 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.
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