LCRDX vs. LGLIX

Last updated Jun 5, 2026

LCRDX (Lord Abbett Credit Opportunities Fund) and LGLIX (Lord Abbett Growth Leaders Fund) are both mutual funds - LCRDX is a Multisector Bonds fund managed by Lord Abbett, while LGLIX is a Large Cap Growth Equities fund managed by Lord Abbett. Over the past 5 years, LCRDX returned 3.36%/yr vs 11.01%/yr for LGLIX. At a 0.39 correlation, their price movements are largely independent. LCRDX charges 1.39%/yr vs 0.64%/yr for LGLIX.

Performance

LCRDX vs. LGLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Credit Opportunities Fund (LCRDX) and Lord Abbett Growth Leaders Fund (LGLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCRDX achieves a 2.26% return, which is significantly lower than LGLIX's 9.29% return.

LCRDX

• 1D: 0.00%
• 1M: 0.89%
• YTD: 2.26%
• 6M: 1.57%
• 1Y: 7.65%
• 3Y*: 8.23%
• 5Y*: 3.36%
• 10Y*: —

LGLIX

• 1D: -1.07%
• 1M: 4.76%
• YTD: 9.29%
• 6M: 7.36%
• 1Y: 23.75%
• 3Y*: 28.23%
• 5Y*: 11.01%
• 10Y*: 18.07%

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

LCRDX vs. LGLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LCRDX Lord Abbett Credit Opportunities Fund	2.26%	5.03%	10.16%	11.25%	-13.00%	12.19%	8.53%
LGLIX Lord Abbett Growth Leaders Fund	9.29%	16.49%	44.97%	33.29%	-38.73%	8.62%	74.51%

Correlation

The correlation between LCRDX and LGLIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 3, 2020	0.39

Return for Risk

LCRDX vs. LGLIX — Risk / Return Rank

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

LCRDX

LCRDX Risk / Return Rank: 43
LCRDX Sharpe Ratio Rank: 42
LCRDX Sortino Ratio Rank: 61
LCRDX Omega Ratio Rank: 56
LCRDX Calmar Ratio Rank: 35
LCRDX Martin Ratio Rank: 19

LGLIX

LGLIX Risk / Return Rank: 15
LGLIX Sharpe Ratio Rank: 18
LGLIX Sortino Ratio Rank: 16
LGLIX Omega Ratio Rank: 17
LGLIX Calmar Ratio Rank: 13
LGLIX Martin Ratio Rank: 12

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.

LCRDX vs. LGLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Credit Opportunities Fund (LCRDX) and Lord Abbett Growth Leaders Fund (LGLIX). 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.

	LCRDX	LGLIX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.20	+0.65
Sortino ratio: Return per unit of downside risk	3.21	1.65	+1.56
Omega ratio: Gain probability vs. loss probability	1.40	1.22	+0.19
Calmar ratio: Return relative to maximum drawdown	2.18	1.20	+0.98
Martin ratio: Return relative to average drawdown	4.94	3.46	+1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCRDX vs. LGLIX - Sharpe Ratio Comparison

The current LCRDX Sharpe Ratio is 1.84, which is higher than the LGLIX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of LCRDX and LGLIX, 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

	LCRDX	LGLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.20	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.43	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.70	+0.22

Drawdowns

LCRDX vs. LGLIX - Drawdown Comparison

The maximum LCRDX drawdown since its inception was -22.75%, smaller than the maximum LGLIX drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for LCRDX and LGLIX.

Drawdown Indicators

	LCRDX	LGLIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.75%	-45.95%	+23.20%
Max Drawdown (1Y) Largest decline over 1 year	-3.64%	-21.01%	+17.37%
Max Drawdown (3Y) Largest decline over 3 years	-6.95%	-29.25%	+22.30%
Max Drawdown (5Y) Largest decline over 5 years	-13.62%	-45.95%	+32.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.95%	—
Current Drawdown Current decline from peak	-0.06%	-1.07%	+1.01%
Average Drawdown Average peak-to-trough decline	-4.28%	-9.34%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	7.27%	-5.67%

Volatility

LCRDX vs. LGLIX - Volatility Comparison

The current volatility for Lord Abbett Credit Opportunities Fund (LCRDX) is 1.32%, while Lord Abbett Growth Leaders Fund (LGLIX) has a volatility of 5.41%. This indicates that LCRDX experiences smaller price fluctuations and is considered to be less risky than LGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCRDX	LGLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	5.41%	-4.09%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	15.74%	-12.57%
Volatility (1Y) Calculated over the trailing 1-year period	4.30%	21.08%	-16.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	25.84%	-21.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.82%	24.79%	-18.97%

LCRDX vs. LGLIX - Expense Ratio Comparison

LCRDX has a 1.39% expense ratio, which is higher than LGLIX's 0.64% expense ratio.

Dividends

LCRDX vs. LGLIX - Dividend Comparison

LCRDX's dividend yield for the trailing twelve months is around 10.35%, more than LGLIX's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCRDX Lord Abbett Credit Opportunities Fund	10.35%	9.81%	9.09%	9.54%	5.10%	9.71%	4.24%	0.00%	0.00%	0.00%	0.00%	0.00%
LGLIX Lord Abbett Growth Leaders Fund	1.82%	1.99%	0.00%	0.00%	0.00%	23.83%	9.27%	8.01%	19.82%	6.46%	0.00%	4.84%

Frequently Asked Questions

Can I hold both LCRDX and LGLIX in my portfolio?

LCRDX and LGLIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCRDX or LGLIX?

LGLIX has higher volatility (5.41%) compared to LCRDX (1.32%). In terms of maximum drawdown, LCRDX dropped -22.75% vs LGLIX's -45.95%.

Which has better risk-adjusted returns?

LCRDX currently has the higher Sharpe Ratio (1.84 vs 1.20), 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.