LMGAX vs. LAGWX

Last updated Jun 4, 2026

LMGAX (Lord Abbett Growth Opportunities Fund) and LAGWX (Lord Abbett Developing Growth Fund) are both mutual funds - LMGAX is a Mid Cap Growth Equities fund managed by Lord Abbett, while LAGWX is a Small Cap Growth Equities fund managed by Lord Abbett. Over the past 10 years, LMGAX returned 12.07%/yr vs 14.84%/yr for LAGWX. Their correlation of 0.90 suggests significant overlap in exposure. LMGAX charges 1.06%/yr vs 0.93%/yr for LAGWX.

Performance

LMGAX vs. LAGWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Growth Opportunities Fund (LMGAX) 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, LMGAX achieves a 16.99% return, which is significantly lower than LAGWX's 31.17% return. Over the past 10 years, LMGAX has underperformed LAGWX with an annualized return of 12.07%, while LAGWX has yielded a comparatively higher 14.84% annualized return.

LMGAX

• 1D: 0.45%
• 1M: 5.69%
• YTD: 16.99%
• 6M: 14.29%
• 1Y: 26.17%
• 3Y*: 21.39%
• 5Y*: 7.08%
• 10Y*: 12.07%

LAGWX

• 1D: 0.93%
• 1M: 10.48%
• YTD: 31.17%
• 6M: 28.71%
• 1Y: 61.09%
• 3Y*: 21.71%
• 5Y*: 4.82%
• 10Y*: 14.84%

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

LMGAX vs. LAGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMGAX Lord Abbett Growth Opportunities Fund	16.99%	13.38%	30.74%	10.80%	-32.59%	6.76%	40.17%	36.75%	-3.35%	22.94%
LAGWX Lord Abbett Developing Growth Fund	31.17%	14.37%	21.89%	8.50%	-36.09%	-2.77%	72.40%	31.47%	4.52%	29.92%

Correlation

The correlation between LMGAX and LAGWX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jul 31, 1995	0.90

The correlation between LMGAX and LAGWX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

LMGAX vs. LAGWX — Risk / Return Rank

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

LMGAX

LMGAX Risk / Return Rank: 17
LMGAX Sharpe Ratio Rank: 16
LMGAX Sortino Ratio Rank: 15
LMGAX Omega Ratio Rank: 16
LMGAX Calmar Ratio Rank: 21
LMGAX Martin Ratio Rank: 18

LAGWX

LAGWX Risk / Return Rank: 68
LAGWX Sharpe Ratio Rank: 66
LAGWX Sortino Ratio Rank: 51
LAGWX Omega Ratio Rank: 51
LAGWX Calmar Ratio Rank: 87
LAGWX 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.

LMGAX vs. LAGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Growth Opportunities Fund (LMGAX) 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.

	LMGAX	LAGWX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.37	-1.21
Sortino ratio: Return per unit of downside risk	1.64	3.00	-1.36
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.69	4.27	-2.59
Martin ratio: Return relative to average drawdown	4.84	15.93	-11.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMGAX vs. LAGWX - Sharpe Ratio Comparison

The current LMGAX Sharpe Ratio is 1.16, which is lower than the LAGWX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of LMGAX 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.

Sharpe Ratios by Period

	LMGAX	LAGWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	2.37	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.18	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.55	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.50	-0.04

Drawdowns

LMGAX vs. LAGWX - Drawdown Comparison

The maximum LMGAX drawdown since its inception was -49.96%, smaller than the maximum LAGWX drawdown of -60.31%. Use the drawdown chart below to compare losses from any high point for LMGAX and LAGWX.

Drawdown Indicators

	LMGAX	LAGWX	Difference
Max Drawdown Largest peak-to-trough decline	-49.96%	-60.31%	+10.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.99%	-14.72%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-31.19%	-32.10%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-42.72%	-51.25%	+8.53%
Max Drawdown (10Y) Largest decline over 10 years	-42.72%	-54.38%	+11.66%
Current Drawdown Current decline from peak	0.00%	-0.36%	+0.36%
Average Drawdown Average peak-to-trough decline	-12.79%	-17.07%	+4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	3.94%	+1.61%

Volatility

LMGAX vs. LAGWX - Volatility Comparison

The current volatility for Lord Abbett Growth Opportunities Fund (LMGAX) is 6.96%, while Lord Abbett Developing Growth Fund (LAGWX) has a volatility of 9.55%. This indicates that LMGAX 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

	LMGAX	LAGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	9.55%	-2.59%
Volatility (6M) Calculated over the trailing 6-month period	18.15%	21.56%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	26.54%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.91%	27.67%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	27.24%	-3.53%

LMGAX vs. LAGWX - Expense Ratio Comparison

LMGAX has a 1.06% expense ratio, which is higher than LAGWX's 0.93% expense ratio.

Dividends

LMGAX vs. LAGWX - Dividend Comparison

LMGAX's dividend yield for the trailing twelve months is around 6.48%, 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%
LMGAX Lord Abbett Growth Opportunities Fund	6.48%	7.59%	0.00%	0.00%	0.00%	18.94%	15.52%	5.62%	6.14%	9.04%	3.22%	13.75%

Frequently Asked Questions

Can I hold both LMGAX and LAGWX in my portfolio?

With a correlation of 0.92, LMGAX and LAGWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LMGAX or LAGWX?

LAGWX has higher volatility (9.55%) compared to LMGAX (6.96%). In terms of maximum drawdown, LMGAX dropped -49.96% vs LAGWX's -60.31%.

Which has better risk-adjusted returns?

LAGWX currently has the higher Sharpe Ratio (2.37 vs 1.16), 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.