LOCFX vs. FICVX
LOCFX (Lord Abbett Convertible Fund Class F3) and FICVX (Fidelity Advisor Convertible Securities Fund Class I) are both Convertible Bonds funds. Over the past 5 years, LOCFX returned 5.31%/yr vs 7.12%/yr for FICVX. Their correlation of 0.90 means they have usually moved in the same direction. LOCFX charges 0.82%/yr vs 0.70%/yr for FICVX.
Performance
LOCFX vs. FICVX - 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 FICVX's 14.07% 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%
FICVX
- 1D
- 3.01%
- 1M
- -3.63%
- 6M
- 8.61%
- YTD
- 14.07%
- 1Y
- 25.29%
- 3Y*
- 13.82%
- 5Y*
- 7.12%
- 10Y*
- 11.84%
- ALL TIME*
- 13.49%
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. FICVX - 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% |
FICVX Fidelity Advisor Convertible Securities Fund Class I | 14.07% | 18.28% | 8.11% | 11.39% | -15.38% | 9.93% | 42.46% | 28.58% | -1.31% | 5.47% |
Correlation
The correlation between LOCFX and FICVX 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. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017 | 0.90 |
The correlation between LOCFX and FICVX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
LOCFX vs. FICVX — Risk / Return Rank
LOCFX
FICVX
LOCFX vs. FICVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F3 (LOCFX) and Fidelity Advisor Convertible Securities Fund Class I (FICVX). 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 | FICVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.02 | -0.02 |
| Martin ratioReturn relative to average drawdown | 7.73 | 7.94 | -0.22 |
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Drawdowns
LOCFX vs. FICVX - Drawdown Comparison
The maximum LOCFX drawdown since its inception was -33.29%, which is greater than FICVX's maximum drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for LOCFX and FICVX.
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Drawdown Indicators
| LOCFX | FICVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -25.06% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -11.70% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -18.88% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -24.20% | -6.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.06% | — |
Current DrawdownCurrent decline from peak | -8.50% | -9.04% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -5.62% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.97% | -0.09% |
Volatility
LOCFX vs. FICVX - Volatility Comparison
The current volatility for Lord Abbett Convertible Fund Class F3 (LOCFX) is 5.76%, while Fidelity Advisor Convertible Securities Fund Class I (FICVX) has a volatility of 6.07%. This indicates that LOCFX experiences smaller price fluctuations and is considered to be less risky than FICVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOCFX | FICVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 6.07% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 13.98% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 17.00% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 13.92% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 13.86% | +0.30% |
LOCFX vs. FICVX - Expense Ratio Comparison
LOCFX has a 0.82% expense ratio, which is higher than FICVX's 0.70% expense ratio.
Dividends
LOCFX vs. FICVX - Dividend Comparison
LOCFX's dividend yield for the trailing twelve months is around 1.39%, less than FICVX's 9.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICVX Fidelity Advisor Convertible Securities Fund Class I | 9.16% | 11.38% | 2.02% | 2.12% | 3.73% | 20.65% | 10.73% | 3.28% | 9.85% | 4.09% | 4.90% | 10.39% |
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 FICVX 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.
FICVX has higher volatility (6.07%) compared to LOCFX (5.76%). In terms of maximum drawdown, LOCFX dropped -33.29% vs FICVX's -25.06%.
FICVX currently has the higher Sharpe Ratio (1.39 vs 1.33), 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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