LOCFX vs. LALDX
Compare and contrast key facts about Lord Abbett Convertible Fund Class F3 (LOCFX) and Lord Abbett Short Duration Income Fund (LALDX).
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. LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993.
Performance
LOCFX vs. LALDX - Performance Comparison
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LOCFX vs. LALDX - 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% |
LALDX Lord Abbett Short Duration Income Fund | -0.24% | 5.70% | 4.48% | 4.76% | -5.48% | 1.17% | 2.98% | 5.42% | 1.24% | 1.57% |
Returns By Period
In the year-to-date period, LOCFX achieves a 1.75% return, which is significantly higher than LALDX's -0.24% return.
LOCFX
- 1D
- -1.63%
- 1M
- -5.41%
- YTD
- 1.75%
- 6M
- 4.96%
- 1Y
- 26.30%
- 3Y*
- 14.26%
- 5Y*
- 3.19%
- 10Y*
- —
LALDX
- 1D
- 0.26%
- 1M
- -1.03%
- YTD
- -0.24%
- 6M
- 0.98%
- 1Y
- 3.88%
- 3Y*
- 4.35%
- 5Y*
- 1.91%
- 10Y*
- 2.46%
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LOCFX vs. LALDX - Expense Ratio Comparison
LOCFX has a 0.82% expense ratio, which is higher than LALDX's 0.58% expense ratio.
Return for Risk
LOCFX vs. LALDX — Risk / Return Rank
LOCFX
LALDX
LOCFX vs. LALDX - 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 Short Duration Income Fund (LALDX). 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 | LALDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.82 | 0.00 |
Sortino ratioReturn per unit of downside risk | 2.46 | 3.07 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.57 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.57 | -0.06 |
Martin ratioReturn relative to average drawdown | 12.60 | 14.42 | -1.82 |
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 | LALDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.82 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.73 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.96 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.28 | -0.50 |
Correlation
The correlation between LOCFX and LALDX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LOCFX vs. LALDX - Dividend Comparison
LOCFX's dividend yield for the trailing twelve months is around 1.52%, less than LALDX's 4.62% 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% |
LALDX Lord Abbett Short Duration Income Fund | 4.62% | 5.01% | 4.11% | 4.09% | 2.42% | 2.37% | 2.88% | 3.59% | 3.88% | 3.71% | 3.95% | 3.95% |
Drawdowns
LOCFX vs. LALDX - Drawdown Comparison
The maximum LOCFX drawdown since its inception was -33.29%, which is greater than LALDX's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for LOCFX and LALDX.
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Drawdown Indicators
| LOCFX | LALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -10.58% | -22.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -1.29% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -7.60% | -23.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.67% | — |
Current DrawdownCurrent decline from peak | -7.02% | -1.03% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -0.82% | -10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 0.32% | +1.63% |
Volatility
LOCFX vs. LALDX - Volatility Comparison
Lord Abbett Convertible Fund Class F3 (LOCFX) has a higher volatility of 6.00% compared to Lord Abbett Short Duration Income Fund (LALDX) at 0.71%. This indicates that LOCFX's price experiences larger fluctuations and is considered to be riskier than LALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOCFX | LALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 0.71% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 1.66% | +10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 2.39% | +11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 2.64% | +10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 2.58% | +11.35% |