LFRIX vs. FLARX

Last updated Jul 11, 2026

LFRIX (Lord Abbett Floating Rate Fund) and FLARX (Victory Pioneer Floating Rate Fund Class A) are both Bank Loan funds. Over the past 10 years, LFRIX returned 4.60%/yr vs 3.70%/yr for FLARX. A 0.65 correlation means they provide meaningful diversification when combined. LFRIX charges 0.60%/yr vs 1.08%/yr for FLARX.

Performance

LFRIX vs. FLARX - Performance Comparison

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

Returns By Period

In the year-to-date period, LFRIX achieves a 2.70% return, which is significantly higher than FLARX's 1.93% return. Over the past 10 years, LFRIX has outperformed FLARX with an annualized return of 4.60%, while FLARX has yielded a comparatively lower 3.70% annualized return.

LFRIX

• 1D: 0.12%
• 1M: 1.16%
• 6M: 2.45%
• YTD: 2.70%
• 1Y: 6.13%
• 3Y*: 7.57%
• 5Y*: 5.55%
• 10Y*: 4.60%

FLARX

• 1D: 0.00%
• 1M: 0.31%
• 6M: 1.93%
• YTD: 1.93%
• 1Y: 3.87%
• 3Y*: 5.69%
• 5Y*: 3.97%
• 10Y*: 3.70%

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

LFRIX vs. FLARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFRIX Lord Abbett Floating Rate Fund	2.70%	6.30%	8.28%	12.22%	-2.99%	5.48%	-1.47%	7.59%	-0.01%	3.97%
FLARX Victory Pioneer Floating Rate Fund Class A	1.93%	4.55%	7.40%	8.89%	-3.77%	4.17%	0.94%	7.23%	-0.32%	3.41%

Correlation

The correlation between LFRIX and FLARX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007	0.65

The correlation between LFRIX and FLARX shifts across timeframes, from 0.50 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LFRIX vs. FLARX — Risk / Return Rank

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

LFRIX

LFRIX Risk / Return Rank: 95
LFRIX Sharpe Ratio Rank: 93
LFRIX Sortino Ratio Rank: 98
LFRIX Omega Ratio Rank: 98
LFRIX Calmar Ratio Rank: 93
LFRIX Martin Ratio Rank: 93

FLARX

FLARX Risk / Return Rank: 83
FLARX Sharpe Ratio Rank: 56
FLARX Sortino Ratio Rank: 90
FLARX Omega Ratio Rank: 91
FLARX Calmar Ratio Rank: 92
FLARX Martin Ratio Rank: 84

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.

LFRIX vs. FLARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) and Victory Pioneer Floating Rate Fund Class A (FLARX). 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	FLARX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.67	+0.92
Sortino ratio: Return per unit of downside risk	5.77	3.71	+2.06
Omega ratio: Gain probability vs. loss probability	1.98	1.58	+0.40
Calmar ratio: Return relative to maximum drawdown	4.05	3.90	+0.15
Martin ratio: Return relative to average drawdown	15.08	12.01	+3.07

LFRIX vs. FLARX - Sharpe Ratio Comparison

The current LFRIX Sharpe Ratio is 2.59, which is higher than the FLARX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of LFRIX and FLARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LFRIX vs. FLARX - Drawdown Comparison

The maximum LFRIX drawdown since its inception was -27.90%, smaller than the maximum FLARX drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for LFRIX and FLARX.

Drawdown Indicators

	LFRIX	FLARX	Difference
Max Drawdown Largest peak-to-trough decline	-27.90%	-30.68%	+2.78%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	-1.04%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-2.59%	-2.10%	-0.49%
Max Drawdown (5Y) Largest decline over 5 years	-6.23%	-6.79%	+0.56%
Max Drawdown (10Y) Largest decline over 10 years	-21.75%	-19.52%	-2.23%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.93%	-2.04%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.34%	+0.08%

Volatility

LFRIX vs. FLARX - Volatility Comparison

Lord Abbett Floating Rate Fund (LFRIX) has a higher volatility of 0.73% compared to Victory Pioneer Floating Rate Fund Class A (FLARX) at 0.62%. This indicates that LFRIX's price experiences larger fluctuations and is considered to be riskier than FLARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFRIX	FLARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.62%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	1.92%	1.72%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	2.43%	2.43%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.88%	2.70%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.91%	3.63%	+0.28%

LFRIX vs. FLARX - Expense Ratio Comparison

LFRIX has a 0.60% expense ratio, which is lower than FLARX's 1.08% expense ratio.

Dividends

LFRIX vs. FLARX - Dividend Comparison

LFRIX's dividend yield for the trailing twelve months is around 6.79%, less than FLARX's 6.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLARX Victory Pioneer Floating Rate Fund Class A	6.88%	7.17%	6.29%	6.97%	4.94%	3.15%	3.57%	4.68%	4.36%	3.80%	3.55%	3.46%
LFRIX Lord Abbett Floating Rate Fund	6.79%	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

Can I hold both LFRIX and FLARX in my portfolio?

LFRIX and FLARX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFRIX or FLARX?

LFRIX has higher volatility (0.73%) compared to FLARX (0.62%). In terms of maximum drawdown, LFRIX dropped -27.90% vs FLARX's -30.68%.

Which has better risk-adjusted returns?

LFRIX currently has the higher Sharpe Ratio (2.59 vs 1.67), 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.