LGLAX vs. LAGWX

Last updated Jun 23, 2026

LGLAX (Lord Abbett Growth Leaders Fund Class A) and LAGWX (Lord Abbett Developing Growth Fund) are both mutual funds - LGLAX is a Large Cap Growth Equities fund actively managed by Lord Abbett, while LAGWX is a Small Cap Growth Equities fund managed by Lord Abbett. Over the past 10 years, LGLAX returned 17.93%/yr vs 15.33%/yr for LAGWX. Their correlation of 0.89 suggests significant overlap in exposure. LGLAX charges 0.90%/yr vs 0.93%/yr for LAGWX.

Performance

LGLAX vs. LAGWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Growth Leaders Fund Class A (LGLAX) and Lord Abbett Developing Growth Fund (LAGWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGLAX achieves a 9.30% return, which is significantly lower than LAGWX's 35.51% return. Over the past 10 years, LGLAX has outperformed LAGWX with an annualized return of 17.93%, while LAGWX has yielded a comparatively lower 15.33% annualized return.

LGLAX

• 1D: 2.48%
• 1M: 3.05%
• YTD: 9.30%
• 6M: 7.91%
• 1Y: 24.74%
• 3Y*: 26.47%
• 5Y*: 10.35%
• 10Y*: 17.93%

LAGWX

• 1D: 3.21%
• 1M: 6.37%
• YTD: 35.51%
• 6M: 30.91%
• 1Y: 62.75%
• 3Y*: 22.56%
• 5Y*: 5.23%
• 10Y*: 15.33%

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

LGLAX vs. LAGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGLAX Lord Abbett Growth Leaders Fund Class A	9.30%	16.20%	44.60%	32.97%	-38.87%	8.32%	77.11%	34.68%	-1.32%	31.29%
LAGWX Lord Abbett Developing Growth Fund	35.51%	14.37%	21.89%	8.50%	-36.09%	-2.77%	72.40%	31.47%	4.52%	29.92%

Correlation

The correlation between LGLAX and LAGWX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 29, 2011	0.89

The correlation between LGLAX and LAGWX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

LGLAX vs. LAGWX — Risk / Return Rank

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

LGLAX

LGLAX Risk / Return Rank: 14
LGLAX Sharpe Ratio Rank: 16
LGLAX Sortino Ratio Rank: 15
LGLAX Omega Ratio Rank: 16
LGLAX Calmar Ratio Rank: 13
LGLAX Martin Ratio Rank: 12

LAGWX

LAGWX Risk / Return Rank: 71
LAGWX Sharpe Ratio Rank: 70
LAGWX Sortino Ratio Rank: 54
LAGWX Omega Ratio Rank: 55
LAGWX Calmar Ratio Rank: 90
LAGWX Martin Ratio Rank: 88

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.

LGLAX vs. LAGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Growth Leaders Fund Class A (LGLAX) and Lord Abbett Developing Growth Fund (LAGWX). 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.

	LGLAX	LAGWX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.25	-1.18
Sortino ratio: Return per unit of downside risk	1.50	2.83	-1.33
Omega ratio: Gain probability vs. loss probability	1.20	1.37	-0.18
Calmar ratio: Return relative to maximum drawdown	1.13	4.28	-3.16
Martin ratio: Return relative to average drawdown	3.23	15.68	-12.45

LGLAX vs. LAGWX - Sharpe Ratio Comparison

The current LGLAX Sharpe Ratio is 1.07, which is lower than the LAGWX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of LGLAX and LAGWX, 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

LGLAX vs. LAGWX - Drawdown Comparison

The maximum LGLAX drawdown since its inception was -46.11%, smaller than the maximum LAGWX drawdown of -60.31%. Use the drawdown chart below to compare losses from any high point for LGLAX and LAGWX.

Drawdown Indicators

	LGLAX	LAGWX	Difference
Max Drawdown Largest peak-to-trough decline	-46.11%	-60.31%	+14.20%
Max Drawdown (1Y) Largest decline over 1 year	-21.10%	-14.72%	-6.38%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	-32.10%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-46.11%	-51.25%	+5.14%
Max Drawdown (10Y) Largest decline over 10 years	-46.11%	-54.38%	+8.27%
Current Drawdown Current decline from peak	-0.94%	0.00%	-0.94%
Average Drawdown Average peak-to-trough decline	-9.42%	-17.06%	+7.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.36%	4.01%	+3.35%

Volatility

LGLAX vs. LAGWX - Volatility Comparison

The current volatility for Lord Abbett Growth Leaders Fund Class A (LGLAX) is 8.53%, while Lord Abbett Developing Growth Fund (LAGWX) has a volatility of 10.97%. This indicates that LGLAX experiences smaller price fluctuations and is considered to be less risky than LAGWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGLAX	LAGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	10.97%	-2.44%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	23.12%	-5.75%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	28.08%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.06%	27.97%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.91%	27.39%	-2.48%

LGLAX vs. LAGWX - Expense Ratio Comparison

LGLAX has a 0.90% expense ratio, which is lower than LAGWX's 0.93% expense ratio.

Dividends

LGLAX vs. LAGWX - Dividend Comparison

LGLAX's dividend yield for the trailing twelve months is around 1.92%, while LAGWX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LAGWX Lord Abbett Developing Growth Fund	0.00%	0.00%	0.03%	0.00%	0.00%	12.60%	9.67%	22.87%	33.87%	0.00%	0.00%	10.03%
LGLAX Lord Abbett Growth Leaders Fund Class A	1.92%	2.10%	0.00%	0.00%	0.00%	24.88%	9.57%	8.23%	20.27%	6.56%	0.00%	4.89%

Frequently Asked Questions

Can I hold both LGLAX and LAGWX in my portfolio?

LGLAX and LAGWX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGLAX or LAGWX?

LAGWX has higher volatility (10.97%) compared to LGLAX (8.53%). In terms of maximum drawdown, LGLAX dropped -46.11% vs LAGWX's -60.31%.

Which has better risk-adjusted returns?

LAGWX currently has the higher Sharpe Ratio (2.25 vs 1.07), 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.