LFRIX vs. TFAIX

Last updated Jun 23, 2026

LFRIX (Lord Abbett Floating Rate Fund) and TFAIX (T. Rowe Price Floating Rate Fund Class I) are both Bank Loan funds. Over the past 5 years, LFRIX returned 5.38%/yr vs 5.48%/yr for TFAIX. A 0.68 correlation means they provide meaningful diversification when combined. LFRIX charges 0.60%/yr vs 0.63%/yr for TFAIX.

Performance

LFRIX vs. TFAIX - Performance Comparison

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

Returns By Period

In the year-to-date period, LFRIX achieves a 1.65% return, which is significantly higher than TFAIX's 1.00% return.

LFRIX

• 1D: 0.00%
• 1M: 0.42%
• YTD: 1.65%
• 6M: 2.36%
• 1Y: 6.33%
• 3Y*: 7.63%
• 5Y*: 5.38%
• 10Y*: 4.56%

TFAIX

• 1D: 0.00%
• 1M: 0.13%
• YTD: 1.00%
• 6M: 1.60%
• 1Y: 5.42%
• 3Y*: 7.78%
• 5Y*: 5.48%
• 10Y*: —

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

LFRIX vs. TFAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFRIX Lord Abbett Floating Rate Fund	1.65%	6.30%	8.28%	12.22%	-2.99%	5.48%	-1.47%	7.59%	-0.01%	3.97%
TFAIX T. Rowe Price Floating Rate Fund Class I	1.00%	6.61%	9.06%	10.85%	-1.85%	4.73%	1.88%	8.71%	0.06%	3.39%

Correlation

The correlation between LFRIX and TFAIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.68

Over the past year, the correlation between LFRIX and TFAIX has dropped to 0.41 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

LFRIX vs. TFAIX — Risk / Return Rank

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

LFRIX

LFRIX Risk / Return Rank: 91
LFRIX Sharpe Ratio Rank: 87
LFRIX Sortino Ratio Rank: 98
LFRIX Omega Ratio Rank: 98
LFRIX Calmar Ratio Rank: 88
LFRIX Martin Ratio Rank: 87

TFAIX

TFAIX Risk / Return Rank: 83
TFAIX Sharpe Ratio Rank: 71
TFAIX Sortino Ratio Rank: 96
TFAIX Omega Ratio Rank: 96
TFAIX Calmar Ratio Rank: 80
TFAIX Martin Ratio Rank: 73

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. TFAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) and T. Rowe Price Floating Rate Fund Class I (TFAIX). 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	TFAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.25	+0.36
Sortino ratio: Return per unit of downside risk	6.00	5.19	+0.81
Omega ratio: Gain probability vs. loss probability	2.03	1.78	+0.24
Calmar ratio: Return relative to maximum drawdown	4.09	3.41	+0.68
Martin ratio: Return relative to average drawdown	15.39	12.91	+2.49

LFRIX vs. TFAIX - Sharpe Ratio Comparison

The current LFRIX Sharpe Ratio is 2.61, which is comparable to the TFAIX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of LFRIX and TFAIX, 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. TFAIX - Drawdown Comparison

The maximum LFRIX drawdown since its inception was -27.90%, which is greater than TFAIX's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for LFRIX and TFAIX.

Drawdown Indicators

	LFRIX	TFAIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.90%	-19.93%	-7.97%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	-1.59%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-2.59%	-2.34%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-6.23%	-5.88%	-0.35%
Max Drawdown (10Y) Largest decline over 10 years	-21.75%	—	—
Current Drawdown Current decline from peak	-0.25%	-0.44%	+0.19%
Average Drawdown Average peak-to-trough decline	-1.94%	-0.78%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.42%	-0.01%

Volatility

LFRIX vs. TFAIX - Volatility Comparison

Lord Abbett Floating Rate Fund (LFRIX) and T. Rowe Price Floating Rate Fund Class I (TFAIX) have volatilities of 0.65% and 0.64%, 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

	LFRIX	TFAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	0.64%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.87%	1.84%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	2.44%	2.42%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	2.79%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.91%	3.93%	-0.02%

LFRIX vs. TFAIX - Expense Ratio Comparison

LFRIX has a 0.60% expense ratio, which is lower than TFAIX's 0.63% expense ratio.

Dividends

LFRIX vs. TFAIX - Dividend Comparison

LFRIX's dividend yield for the trailing twelve months is around 6.90%, less than TFAIX's 6.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFRIX Lord Abbett Floating Rate Fund	6.90%	7.20%	7.68%	7.63%	3.95%	4.01%	4.64%	5.71%	5.60%	4.65%	4.64%	4.72%
TFAIX T. Rowe Price Floating Rate Fund Class I	6.98%	7.14%	8.30%	7.12%	4.13%	3.98%	4.12%	4.97%	5.01%	4.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LFRIX and TFAIX in my portfolio?

LFRIX and TFAIX have a correlation of 0.41, 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 TFAIX?

LFRIX has higher volatility (0.65%) compared to TFAIX (0.64%). In terms of maximum drawdown, LFRIX dropped -27.90% vs TFAIX's -19.93%.

Which has better risk-adjusted returns?

LFRIX currently has the higher Sharpe Ratio (2.61 vs 2.25), 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.