LOCFX vs. LAGWX

Last updated Jun 24, 2026

LOCFX (Lord Abbett Convertible Fund Class F3) and LAGWX (Lord Abbett Developing Growth Fund) are both mutual funds - LOCFX is a Convertible Bonds fund tracking the ICE BofA All Convertible Index, while LAGWX is a Small Cap Growth Equities fund managed by Lord Abbett. Over the past 5 years, LOCFX returned 6.92%/yr vs 4.82%/yr for LAGWX. Their correlation of 0.86 suggests significant overlap in exposure. LOCFX charges 0.82%/yr vs 0.93%/yr for LAGWX.

Performance

LOCFX vs. LAGWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Convertible Fund Class F3 (LOCFX) 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, LOCFX achieves a 21.35% return, which is significantly lower than LAGWX's 37.61% return.

LOCFX

• 1D: 0.00%
• 1M: 2.36%
• YTD: 21.35%
• 6M: 19.62%
• 1Y: 37.80%
• 3Y*: 20.91%
• 5Y*: 6.92%
• 10Y*: —

LAGWX

• 1D: 1.55%
• 1M: 8.02%
• YTD: 37.61%
• 6M: 33.50%
• 1Y: 62.99%
• 3Y*: 24.23%
• 5Y*: 4.82%
• 10Y*: 15.86%

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

LOCFX vs. LAGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LOCFX Lord Abbett Convertible Fund Class F3	21.35%	22.43%	14.00%	7.30%	-23.12%	1.40%	64.47%	25.07%	-6.42%	10.04%
LAGWX Lord Abbett Developing Growth Fund	37.61%	14.37%	21.89%	8.50%	-36.09%	-2.77%	72.40%	31.47%	4.52%	20.77%

Correlation

The correlation between LOCFX and LAGWX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017	0.86

The correlation between LOCFX and LAGWX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

LOCFX vs. LAGWX — Risk / Return Rank

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

LOCFX

LOCFX Risk / Return Rank: 82
LOCFX Sharpe Ratio Rank: 82
LOCFX Sortino Ratio Rank: 71
LOCFX Omega Ratio Rank: 70
LOCFX Calmar Ratio Rank: 95
LOCFX Martin Ratio Rank: 94

LAGWX

LAGWX Risk / Return Rank: 74
LAGWX Sharpe Ratio Rank: 76
LAGWX Sortino Ratio Rank: 58
LAGWX Omega Ratio Rank: 58
LAGWX Calmar Ratio Rank: 91
LAGWX Martin Ratio Rank: 90

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.

LOCFX vs. LAGWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F3 (LOCFX) 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.

	LOCFX	LAGWX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.33	+0.14
Sortino ratio: Return per unit of downside risk	3.21	2.91	+0.29
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	5.50	4.46	+1.04
Martin ratio: Return relative to average drawdown	19.15	16.32	+2.84

LOCFX vs. LAGWX - Sharpe Ratio Comparison

The current LOCFX Sharpe Ratio is 2.47, which is comparable to the LAGWX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of LOCFX 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

LOCFX vs. LAGWX - Drawdown Comparison

The maximum LOCFX drawdown since its inception was -33.29%, smaller than the maximum LAGWX drawdown of -60.31%. Use the drawdown chart below to compare losses from any high point for LOCFX and LAGWX.

Drawdown Indicators

	LOCFX	LAGWX	Difference
Max Drawdown Largest peak-to-trough decline	-33.29%	-60.31%	+27.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-14.72%	+7.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-32.10%	+20.01%
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	-51.25%	+20.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.38%	—
Current Drawdown Current decline from peak	-0.90%	0.00%	-0.90%
Average Drawdown Average peak-to-trough decline	-11.16%	-17.05%	+5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	4.01%	-2.00%

Volatility

LOCFX vs. LAGWX - Volatility Comparison

The current volatility for Lord Abbett Convertible Fund Class F3 (LOCFX) is 6.03%, while Lord Abbett Developing Growth Fund (LAGWX) has a volatility of 10.56%. This indicates that LOCFX 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

	LOCFX	LAGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	10.56%	-4.53%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	22.96%	-9.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.66%	28.16%	-12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.17%	27.98%	-14.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.08%	27.40%	-13.32%

LOCFX vs. LAGWX - Expense Ratio Comparison

LOCFX has a 0.82% expense ratio, which is lower than LAGWX's 0.93% expense ratio.

Dividends

LOCFX vs. LAGWX - Dividend Comparison

LOCFX's dividend yield for the trailing twelve months is around 1.27%, 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%
LOCFX Lord Abbett Convertible Fund Class F3	1.27%	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

Can I hold both LOCFX and LAGWX in my portfolio?

LOCFX and LAGWX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOCFX or LAGWX?

LAGWX has higher volatility (10.56%) compared to LOCFX (6.03%). In terms of maximum drawdown, LOCFX dropped -33.29% vs LAGWX's -60.31%.

Which has better risk-adjusted returns?

LOCFX currently has the higher Sharpe Ratio (2.47 vs 2.33), 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.