LOCFX vs. CHI
Compare and contrast key facts about Lord Abbett Convertible Fund Class F3 (LOCFX) and Calamos Convertible Opportunities and Income Fund (CHI).
LOCFX is a passively managed fund by Lord Abbett that tracks the performance of the ICE BofA All Convertible Index. It was launched on Jun 30, 2003. CHI is an actively managed fund by Calamos. It was launched on Jun 25, 1997.
Performance
LOCFX vs. CHI - Performance Comparison
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LOCFX vs. CHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LOCFX Lord Abbett Convertible Fund Class F3 | 1.75% | 22.43% | 14.00% | 7.30% | -23.12% | 1.40% | 64.47% | 25.07% | -6.42% | 10.04% |
CHI Calamos Convertible Opportunities and Income Fund | 4.22% | -2.15% | 27.23% | 9.49% | -23.31% | 20.31% | 33.82% | 35.66% | -12.67% | 9.81% |
Returns By Period
In the year-to-date period, LOCFX achieves a 1.75% return, which is significantly lower than CHI's 4.22% return.
LOCFX
- 1D
- -1.63%
- 1M
- -5.41%
- YTD
- 1.75%
- 6M
- 4.96%
- 1Y
- 26.30%
- 3Y*
- 14.26%
- 5Y*
- 3.19%
- 10Y*
- —
CHI
- 1D
- 3.77%
- 1M
- -5.32%
- YTD
- 4.22%
- 6M
- 4.83%
- 1Y
- 24.71%
- 3Y*
- 11.78%
- 5Y*
- 4.03%
- 10Y*
- 11.58%
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LOCFX vs. CHI - Expense Ratio Comparison
LOCFX has a 0.82% expense ratio, which is lower than CHI's 0.88% expense ratio.
Return for Risk
LOCFX vs. CHI — Risk / Return Rank
LOCFX
CHI
LOCFX vs. CHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F3 (LOCFX) and Calamos Convertible Opportunities and Income Fund (CHI). 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.
| LOCFX | CHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.26 | +0.56 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.87 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.88 | +1.63 |
Martin ratioReturn relative to average drawdown | 12.60 | 7.45 | +5.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LOCFX | CHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.26 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.20 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.38 | +0.40 |
Correlation
The correlation between LOCFX and CHI is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LOCFX vs. CHI - Dividend Comparison
LOCFX's dividend yield for the trailing twelve months is around 1.52%, less than CHI's 10.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LOCFX Lord Abbett Convertible Fund Class F3 | 1.52% | 1.86% | 2.29% | 2.06% | 2.72% | 18.36% | 16.20% | 8.75% | 5.02% | 2.08% | 0.00% | 0.00% |
CHI Calamos Convertible Opportunities and Income Fund | 10.61% | 10.88% | 9.55% | 11.00% | 10.85% | 7.54% | 6.75% | 8.49% | 12.19% | 10.19% | 11.30% | 11.50% |
Drawdowns
LOCFX vs. CHI - Drawdown Comparison
The maximum LOCFX drawdown since its inception was -33.29%, smaller than the maximum CHI drawdown of -64.72%. Use the drawdown chart below to compare losses from any high point for LOCFX and CHI.
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Drawdown Indicators
| LOCFX | CHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -64.72% | +31.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -11.55% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -36.03% | +5.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.64% | — |
Current DrawdownCurrent decline from peak | -7.02% | -7.34% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -9.73% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.91% | -0.96% |
Volatility
LOCFX vs. CHI - Volatility Comparison
The current volatility for Lord Abbett Convertible Fund Class F3 (LOCFX) is 6.00%, while Calamos Convertible Opportunities and Income Fund (CHI) has a volatility of 7.85%. This indicates that LOCFX experiences smaller price fluctuations and is considered to be less risky than CHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOCFX | CHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 7.85% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 13.49% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 19.79% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 19.97% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 23.07% | -9.14% |