LOCFX vs. CNSDX
LOCFX (Lord Abbett Convertible Fund Class F3) and CNSDX (Invesco Convertible Securities Fund) are both Convertible Bonds funds. Over the past 5 years, LOCFX returned 5.31%/yr vs 6.35%/yr for CNSDX. Their correlation of 0.91 means they have usually moved in the same direction. LOCFX charges 0.82%/yr vs 0.68%/yr for CNSDX.
Performance
LOCFX vs. CNSDX - Performance Comparison
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Returns By Period
In the year-to-date period, LOCFX achieves a 12.04% return, which is significantly lower than CNSDX's 14.61% return.
LOCFX
- 1D
- 2.95%
- 1M
- -3.66%
- 6M
- 5.82%
- YTD
- 12.04%
- 1Y
- 23.43%
- 3Y*
- 16.89%
- 5Y*
- 5.31%
- 10Y*
- —
- ALL TIME*
- 11.56%
CNSDX
- 1D
- 2.96%
- 1M
- -3.26%
- 6M
- 8.67%
- YTD
- 14.61%
- 1Y
- 23.05%
- 3Y*
- 14.50%
- 5Y*
- 6.35%
- 10Y*
- 10.55%
- ALL TIME*
- 7.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LOCFX vs. CNSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LOCFX Lord Abbett Convertible Fund Class F3 | 12.04% | 22.43% | 14.00% | 7.30% | -23.12% | 1.40% | 64.47% | 25.07% | -6.42% | 10.04% |
CNSDX Invesco Convertible Securities Fund | 14.61% | 16.24% | 9.95% | 8.18% | -15.51% | 4.69% | 44.68% | 21.25% | -1.60% | 7.05% |
Correlation
The correlation between LOCFX and CNSDX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017 | 0.91 |
The correlation between LOCFX and CNSDX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
LOCFX vs. CNSDX — Risk / Return Rank
LOCFX
CNSDX
LOCFX vs. CNSDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F3 (LOCFX) and Invesco Convertible Securities Fund (CNSDX). 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.
| LOCFX | CNSDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.09 | -0.08 |
| Martin ratioReturn relative to average drawdown | 7.73 | 7.22 | +0.50 |
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Drawdowns
LOCFX vs. CNSDX - Drawdown Comparison
The maximum LOCFX drawdown since its inception was -33.29%, smaller than the maximum CNSDX drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for LOCFX and CNSDX.
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Drawdown Indicators
| LOCFX | CNSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -39.33% | +6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -10.27% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -13.32% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -22.73% | -7.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.19% | — |
Current DrawdownCurrent decline from peak | -8.50% | -7.61% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -6.89% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.96% | -0.08% |
Volatility
LOCFX vs. CNSDX - Volatility Comparison
Lord Abbett Convertible Fund Class F3 (LOCFX) and Invesco Convertible Securities Fund (CNSDX) have volatilities of 5.76% and 5.91%, 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.
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Volatility by Period
| LOCFX | CNSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 5.91% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 14.49% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 17.78% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 12.76% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 13.07% | +1.09% |
LOCFX vs. CNSDX - Expense Ratio Comparison
LOCFX has a 0.82% expense ratio, which is higher than CNSDX's 0.68% expense ratio.
Dividends
LOCFX vs. CNSDX - Dividend Comparison
LOCFX's dividend yield for the trailing twelve months is around 1.39%, less than CNSDX's 10.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 10.25% | 11.77% | 3.46% | 1.46% | 3.97% | 28.36% | 10.96% | 5.21% | 12.65% | 4.57% | 3.74% | 2.74% |
LOCFX Lord Abbett Convertible Fund Class F3 | 1.39% | 1.86% | 2.29% | 2.06% | 2.72% | 18.36% | 16.20% | 8.75% | 5.02% | 2.08% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, LOCFX and CNSDX 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.
CNSDX has higher volatility (5.91%) compared to LOCFX (5.76%). In terms of maximum drawdown, LOCFX dropped -33.29% vs CNSDX's -39.33%.
LOCFX currently has the higher Sharpe Ratio (1.33 vs 1.21), 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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