LFRAX vs. DDFLX

Last updated Jun 3, 2026

LFRAX (Lord Abbett Floating Rate Fund Class A) and DDFLX (Delaware Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, LFRAX returned 4.37%/yr vs 5.41%/yr for DDFLX. At a 0.50 correlation, their price movements are largely independent. LFRAX charges 0.80%/yr vs 0.67%/yr for DDFLX.

Performance

LFRAX vs. DDFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Floating Rate Fund Class A (LFRAX) and Delaware Floating Rate Fund (DDFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LFRAX having a 1.82% return and DDFLX slightly higher at 1.89%. Over the past 10 years, LFRAX has underperformed DDFLX with an annualized return of 4.37%, while DDFLX has yielded a comparatively higher 5.41% annualized return.

LFRAX

• 1D: 0.00%
• 1M: 0.78%
• YTD: 1.82%
• 6M: 2.51%
• 1Y: 6.25%
• 3Y*: 7.83%
• 5Y*: 5.27%
• 10Y*: 4.37%

DDFLX

• 1D: 0.00%
• 1M: 0.67%
• YTD: 1.89%
• 6M: 2.59%
• 1Y: 6.20%
• 3Y*: 8.22%
• 5Y*: 5.79%
• 10Y*: 5.41%

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

LFRAX vs. DDFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFRAX Lord Abbett Floating Rate Fund Class A	1.82%	6.09%	8.07%	11.89%	-3.00%	5.16%	-1.69%	7.37%	-0.20%	3.88%
DDFLX Delaware Floating Rate Fund	1.89%	6.01%	8.92%	10.75%	-0.62%	5.46%	3.17%	10.69%	1.26%	4.55%

Correlation

The correlation between LFRAX and DDFLX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Mar 1, 2010	0.50

The correlation between LFRAX and DDFLX shifts across timeframes, from 0.50 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LFRAX vs. DDFLX — Risk / Return Rank

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

LFRAX

LFRAX Risk / Return Rank: 91
LFRAX Sharpe Ratio Rank: 83
LFRAX Sortino Ratio Rank: 98
LFRAX Omega Ratio Rank: 98
LFRAX Calmar Ratio Rank: 90
LFRAX Martin Ratio Rank: 86

DDFLX

DDFLX Risk / Return Rank: 95
DDFLX Sharpe Ratio Rank: 86
DDFLX Sortino Ratio Rank: 98
DDFLX Omega Ratio Rank: 98
DDFLX Calmar Ratio Rank: 96
DDFLX Martin Ratio Rank: 95

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.

LFRAX vs. DDFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund Class A (LFRAX) and Delaware Floating Rate Fund (DDFLX). 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.

	LFRAX	DDFLX	Difference
Sharpe ratio Return per unit of total volatility	2.68	2.77	-0.09
Sortino ratio Return per unit of downside risk	6.52	6.81	-0.28
Omega ratio Gain probability vs. loss probability	2.11	2.22	-0.11
Calmar ratio Return relative to maximum drawdown	4.63	5.63	-0.99
Martin ratio Return relative to average drawdown	16.65	20.66	-4.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LFRAX vs. DDFLX - Sharpe Ratio Comparison

The current LFRAX Sharpe Ratio is 2.68, which is comparable to the DDFLX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of LFRAX and DDFLX, 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

	LFRAX	DDFLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.77	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.86	2.16	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.13	1.55	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	1.37	-0.31

Drawdowns

LFRAX vs. DDFLX - Drawdown Comparison

The maximum LFRAX drawdown since its inception was -28.54%, which is greater than DDFLX's maximum drawdown of -18.09%. Use the drawdown chart below to compare losses from any high point for LFRAX and DDFLX.

Drawdown Indicators

	LFRAX	DDFLX	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-18.09%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-1.11%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-2.61%	-2.05%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-6.41%	-5.18%	-1.23%
Max Drawdown (10Y) Largest decline over 10 years	-21.78%	-18.09%	-3.69%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.09%	-0.67%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.30%	+0.11%

Volatility

LFRAX vs. DDFLX - Volatility Comparison

Lord Abbett Floating Rate Fund Class A (LFRAX) and Delaware Floating Rate Fund (DDFLX) have volatilities of 0.60% and 0.61%, 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

	LFRAX	DDFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	0.61%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.82%	1.69%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	2.34%	2.26%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.84%	2.70%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	3.50%	+0.38%

LFRAX vs. DDFLX - Expense Ratio Comparison

LFRAX has a 0.80% expense ratio, which is higher than DDFLX's 0.67% expense ratio.

Dividends

LFRAX vs. DDFLX - Dividend Comparison

LFRAX's dividend yield for the trailing twelve months is around 6.69%, less than DDFLX's 6.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDFLX Delaware Floating Rate Fund	6.79%	7.21%	8.62%	7.17%	5.04%	3.96%	4.89%	6.54%	5.73%	4.33%	2.09%	2.34%
LFRAX Lord Abbett Floating Rate Fund Class A	6.69%	7.00%	7.49%	7.47%	3.81%	3.83%	4.43%	5.51%	5.40%	4.46%	4.45%	4.52%

Frequently Asked Questions

Can I hold both LFRAX and DDFLX in my portfolio?

LFRAX and DDFLX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFRAX or DDFLX?

DDFLX has higher volatility (0.61%) compared to LFRAX (0.60%). In terms of maximum drawdown, LFRAX dropped -28.54% vs DDFLX's -18.09%.

Which has better risk-adjusted returns?

DDFLX currently has the higher Sharpe Ratio (2.77 vs 2.68), 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.