LFRIX vs. FFRSX
LFRIX (Lord Abbett Floating Rate Fund) and FFRSX (Federated Hermes Floating Rate Strat Inc Fund) are both Bank Loan funds. Over the past 10 years, LFRIX returned 4.48%/yr vs 3.29%/yr for FFRSX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. LFRIX charges 0.60%/yr vs 0.68%/yr for FFRSX.
Performance
LFRIX vs. FFRSX - 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 FFRSX's 1.23% return. Over the past 10 years, LFRIX has outperformed FFRSX with an annualized return of 4.48%, while FFRSX has yielded a comparatively lower 3.29% annualized 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%
FFRSX
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.25%
- YTD
- 1.23%
- 1Y
- 3.73%
- 3Y*
- 5.74%
- 5Y*
- 3.31%
- 10Y*
- 3.29%
- ALL TIME*
- 3.42%
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. FFRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 2.45% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 1.23% | 5.61% | 6.71% | 8.04% | -5.85% | 3.73% | 0.45% | 6.71% | 0.38% | 3.54% |
Correlation
The correlation between LFRIX and FFRSX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.61 |
The correlation between LFRIX and FFRSX shifts across timeframes, from 0.39 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LFRIX vs. FFRSX — Risk / Return Rank
LFRIX
FFRSX
LFRIX vs. FFRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX). 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 | FFRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.81 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 4.01 | -0.22 |
| Martin ratioReturn relative to average drawdown | 14.02 | 13.76 | +0.26 |
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Drawdowns
LFRIX vs. FFRSX - Drawdown Comparison
The maximum LFRIX drawdown since its inception was -27.90%, which is greater than FFRSX's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for LFRIX and FFRSX.
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Drawdown Indicators
| LFRIX | FFRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -17.13% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -1.07% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -2.59% | -1.45% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -7.54% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | -17.13% | -4.62% |
Current DrawdownCurrent decline from peak | -0.25% | -0.12% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -0.90% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.31% | +0.11% |
Volatility
LFRIX vs. FFRSX - Volatility Comparison
Lord Abbett Floating Rate Fund (LFRIX) has a higher volatility of 0.31% compared to Federated Hermes Floating Rate Strat Inc Fund (FFRSX) at 0.21%. This indicates that LFRIX's price experiences larger fluctuations and is considered to be riskier than FFRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFRIX | FFRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.21% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 1.44% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 2.06% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 2.44% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 3.24% | +0.67% |
LFRIX vs. FFRSX - Expense Ratio Comparison
LFRIX has a 0.60% expense ratio, which is lower than FFRSX's 0.68% expense ratio.
Dividends
LFRIX vs. FFRSX - Dividend Comparison
LFRIX's dividend yield for the trailing twelve months is around 6.24%, more than FFRSX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 5.22% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
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 FFRSX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LFRIX has higher volatility (0.31%) compared to FFRSX (0.21%). In terms of maximum drawdown, LFRIX dropped -27.90% vs FFRSX's -17.13%.
LFRIX currently has the higher Sharpe Ratio (2.42 vs 2.08), 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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