LFRIX vs. IVV
LFRIX (Lord Abbett Floating Rate Fund) and IVV (iShares Core S&P 500 ETF) are both funds - LFRIX is a Bank Loan fund managed by Lord Abbett, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, LFRIX returned 4.52%/yr vs 15.47%/yr for IVV. At a 0.22 correlation, their price movements are largely independent. LFRIX charges 0.60%/yr vs 0.03%/yr for IVV.
Performance
LFRIX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, LFRIX achieves a 1.53% return, which is significantly lower than IVV's 9.08% return. Over the past 10 years, LFRIX has underperformed IVV with an annualized return of 4.52%, while IVV has yielded a comparatively higher 15.47% annualized return.
LFRIX
- 1D
- 0.00%
- 1M
- 0.17%
- YTD
- 1.53%
- 6M
- 2.10%
- 1Y
- 6.20%
- 3Y*
- 7.67%
- 5Y*
- 5.35%
- 10Y*
- 4.52%
IVV
- 1D
- 0.55%
- 1M
- -0.85%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 25.77%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
LFRIX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 1.53% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between LFRIX and IVV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.22 |
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Return for Risk
LFRIX vs. IVV — Risk / Return Rank
LFRIX
IVV
LFRIX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.97 | 1.36 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.76 | +1.16 |
| Martin ratioReturn relative to average drawdown | 14.80 | 12.43 | +2.37 |
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Drawdowns
LFRIX vs. IVV - Drawdown Comparison
The maximum LFRIX drawdown since its inception was -27.90%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for LFRIX and IVV.
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Drawdown Indicators
| LFRIX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -55.25% | +27.35% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -8.89% | +7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -2.59% | -18.75% | +16.16% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -24.53% | +18.30% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | -33.90% | +12.15% |
Current DrawdownCurrent decline from peak | -0.37% | -2.35% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -10.77% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.97% | -1.56% |
Volatility
LFRIX vs. IVV - Volatility Comparison
The current volatility for Lord Abbett Floating Rate Fund (LFRIX) is 0.66%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.37%. This indicates that LFRIX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFRIX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 4.37% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 9.59% | -7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 12.28% | -9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 16.95% | -14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 18.08% | -14.17% |
LFRIX vs. IVV - Expense Ratio Comparison
LFRIX has a 0.60% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
LFRIX vs. IVV - Dividend Comparison
LFRIX's dividend yield for the trailing twelve months is around 6.91%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
LFRIX Lord Abbett Floating Rate Fund | 6.91% | 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 IVV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.37%) compared to LFRIX (0.66%). In terms of maximum drawdown, LFRIX dropped -27.90% vs IVV's -55.25%.
LFRIX currently has the higher Sharpe Ratio (2.50 vs 2.00), 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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