LFRIX vs. CREDX
LFRIX (Lord Abbett Floating Rate Fund) and CREDX (BlackRock Credit Strategies Fund) are both Bank Loan funds. Over the past 5 years, LFRIX returned 5.50%/yr vs 2.78%/yr for CREDX. Their 0.49 correlation means their historical movements had little consistent relationship. LFRIX charges 0.60%/yr vs 2.19%/yr for CREDX.
Performance
LFRIX vs. CREDX - Performance Comparison
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Returns By Period
In the year-to-date period, LFRIX achieves a 2.45% return, which is significantly higher than CREDX's 2.31% return.
LFRIX
- 1D
- 0.12%
- 1M
- -0.12%
- 6M
- 2.38%
- YTD
- 2.45%
- 1Y
- 5.52%
- 3Y*
- 7.05%
- 5Y*
- 5.50%
- 10Y*
- 4.48%
- ALL TIME*
- 4.13%
CREDX
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 1.79%
- YTD
- 2.31%
- 1Y
- 4.23%
- 3Y*
- 7.12%
- 5Y*
- 2.78%
- 10Y*
- —
- ALL TIME*
- 2.81%
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 |
LFRIX vs. CREDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 2.45% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% |
CREDX BlackRock Credit Strategies Fund | 2.31% | 5.55% | 8.41% | 12.18% | -12.08% | 1.03% |
Correlation
The correlation between LFRIX and CREDX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.49 |
The correlation between LFRIX and CREDX has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
LFRIX vs. CREDX — Risk / Return Rank
LFRIX
CREDX
LFRIX vs. CREDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) and BlackRock Credit Strategies Fund (CREDX). 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.
| LFRIX | CREDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.44 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.68 | +0.11 |
| Martin ratioReturn relative to average drawdown | 14.02 | 9.97 | +4.06 |
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Drawdowns
LFRIX vs. CREDX - Drawdown Comparison
The maximum LFRIX drawdown since its inception was -27.90%, which is greater than CREDX's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for LFRIX and CREDX.
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Drawdown Indicators
| LFRIX | CREDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -15.13% | -12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -1.33% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -2.59% | -2.47% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -15.13% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | 0.00% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -3.68% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.49% | -0.07% |
Volatility
LFRIX vs. CREDX - Volatility Comparison
The current volatility for Lord Abbett Floating Rate Fund (LFRIX) is 0.31%, while BlackRock Credit Strategies Fund (CREDX) has a volatility of 0.36%. This indicates that LFRIX experiences smaller price fluctuations and is considered to be less risky than CREDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFRIX | CREDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.36% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 1.89% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 3.19% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 3.42% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 3.30% | +0.61% |
LFRIX vs. CREDX - Expense Ratio Comparison
LFRIX has a 0.60% expense ratio, which is lower than CREDX's 2.19% expense ratio.
Dividends
LFRIX vs. CREDX - Dividend Comparison
LFRIX's dividend yield for the trailing twelve months is around 6.24%, less than CREDX's 8.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CREDX BlackRock Credit Strategies Fund | 8.45% | 9.16% | 9.78% | 9.98% | 3.41% | 5.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LFRIX Lord Abbett Floating Rate Fund | 6.24% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
Frequently Asked Questions
LFRIX and CREDX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CREDX has higher volatility (0.36%) compared to LFRIX (0.31%). In terms of maximum drawdown, LFRIX dropped -27.90% vs CREDX's -15.13%.
LFRIX currently has the higher Sharpe Ratio (2.42 vs 1.54), 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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