LCRDX vs. LBNDX
LCRDX (Lord Abbett Credit Opportunities Fund) and LBNDX (Lord Abbett Bond Debenture Fund) are both Multisector Bonds funds from Lord Abbett. Over the past 5 years, LCRDX returned 3.09%/yr vs 1.58%/yr for LBNDX. A 0.67 correlation means they provide meaningful diversification when combined. LCRDX charges 1.39%/yr vs 0.77%/yr for LBNDX.
Performance
LCRDX vs. LBNDX - Performance Comparison
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Returns By Period
In the year-to-date period, LCRDX achieves a 1.40% return, which is significantly higher than LBNDX's 1.21% return.
LCRDX
- 1D
- -0.12%
- 1M
- 0.53%
- YTD
- 1.40%
- 6M
- 2.02%
- 1Y
- 5.63%
- 3Y*
- 7.72%
- 5Y*
- 3.09%
- 10Y*
- —
LBNDX
- 1D
- 0.00%
- 1M
- 0.52%
- YTD
- 1.21%
- 6M
- 1.70%
- 1Y
- 7.56%
- 3Y*
- 6.92%
- 5Y*
- 1.58%
- 10Y*
- 4.24%
LCRDX vs. LBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LCRDX Lord Abbett Credit Opportunities Fund | 1.40% | 5.03% | 10.16% | 11.25% | -13.00% | 12.19% | 8.53% |
LBNDX Lord Abbett Bond Debenture Fund | 1.21% | 8.42% | 6.29% | 6.38% | -13.67% | 3.25% | 7.65% |
Correlation
The correlation between LCRDX and LBNDX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.67 |
The correlation between LCRDX and LBNDX shifts across timeframes, from 0.53 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LCRDX vs. LBNDX — Risk / Return Rank
LCRDX
LBNDX
LCRDX vs. LBNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Credit Opportunities Fund (LCRDX) and Lord Abbett Bond Debenture Fund (LBNDX). 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.
| LCRDX | LBNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.86 | -0.24 |
| Martin ratioReturn relative to average drawdown | 3.66 | 7.51 | -3.85 |
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Drawdowns
LCRDX vs. LBNDX - Drawdown Comparison
The maximum LCRDX drawdown since its inception was -22.75%, smaller than the maximum LBNDX drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for LCRDX and LBNDX.
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Drawdown Indicators
| LCRDX | LBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -26.67% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -4.08% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -6.95% | -4.51% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -17.33% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.77% | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.77% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -3.52% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.01% | +0.60% |
Volatility
LCRDX vs. LBNDX - Volatility Comparison
Lord Abbett Credit Opportunities Fund (LCRDX) and Lord Abbett Bond Debenture Fund (LBNDX) have volatilities of 1.19% and 1.19%, 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
| LCRDX | LBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.19% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 3.21% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 4.10% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 4.70% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 5.04% | +0.76% |
LCRDX vs. LBNDX - Expense Ratio Comparison
LCRDX has a 1.39% expense ratio, which is higher than LBNDX's 0.77% expense ratio.
Dividends
LCRDX vs. LBNDX - Dividend Comparison
LCRDX's dividend yield for the trailing twelve months is around 10.44%, more than LBNDX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBNDX Lord Abbett Bond Debenture Fund | 6.06% | 5.92% | 5.38% | 4.66% | 3.67% | 3.71% | 3.72% | 4.02% | 6.43% | 4.82% | 4.58% | 5.50% |
LCRDX Lord Abbett Credit Opportunities Fund | 10.44% | 9.81% | 9.09% | 9.54% | 5.10% | 9.71% | 4.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LCRDX and LBNDX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LBNDX has higher volatility (1.19%) compared to LCRDX (1.19%). In terms of maximum drawdown, LCRDX dropped -22.75% vs LBNDX's -26.67%.
LBNDX currently has the higher Sharpe Ratio (1.85 vs 1.36), 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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