LOCFX vs. LSYAX

Last updated Apr 1, 2026

Compare and contrast key facts about Lord Abbett Convertible Fund Class F3 (LOCFX) and Lord Abbett Short Duration High Yield Fund (LSYAX).

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. LSYAX is a passively managed fund by Lord Abbett that tracks the performance of the ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index. It was launched on May 1, 2020. Both LOCFX and LSYAX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LOCFX vs. LSYAX - 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 Short Duration High Yield Fund (LSYAX). The values are adjusted to include any dividend payments, if applicable.

LOCFX vs. LSYAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LOCFX Lord Abbett Convertible Fund Class F3	1.75%	22.43%	14.00%	7.30%	-23.12%	1.40%	64.11%
LSYAX Lord Abbett Short Duration High Yield Fund	-1.19%	7.50%	8.46%	10.60%	-7.21%	4.50%	14.22%

Returns By Period

In the year-to-date period, LOCFX achieves a 1.75% return, which is significantly higher than LSYAX's -1.19% return.

LOCFX

• 1D: -1.63%
• 1M: -5.41%
• YTD: 1.75%
• 6M: 4.96%
• 1Y: 26.30%
• 3Y*: 14.26%
• 5Y*: 3.19%
• 10Y*: —

LSYAX

• 1D: 0.63%
• 1M: -1.95%
• YTD: -1.19%
• 6M: -0.10%
• 1Y: 5.84%
• 3Y*: 7.46%
• 5Y*: 4.08%
• 10Y*: —

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

LOCFX vs. LSYAX - Expense Ratio Comparison

LOCFX has a 0.82% expense ratio, which is higher than LSYAX's 0.65% expense ratio.

LOCFX

Lord Abbett Convertible Fund Class F3

LSYAX

Lord Abbett Short Duration High Yield Fund

Return for Risk

LOCFX vs. LSYAX — Risk / Return Rank

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

LOCFX

LOCFX Risk / Return Rank: 90
LOCFX Sharpe Ratio Rank: 89
LOCFX Sortino Ratio Rank: 88
LOCFX Omega Ratio Rank: 82
LOCFX Calmar Ratio Rank: 96
LOCFX Martin Ratio Rank: 94

LSYAX

LSYAX Risk / Return Rank: 71
LSYAX Sharpe Ratio Rank: 74
LSYAX Sortino Ratio Rank: 74
LSYAX Omega Ratio Rank: 82
LSYAX Calmar Ratio Rank: 63
LSYAX Martin Ratio Rank: 64

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. LSYAX - 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 High Yield Fund (LSYAX). 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	LSYAX	Difference
Sharpe ratio Return per unit of total volatility	1.82	1.39	+0.43
Sortino ratio Return per unit of downside risk	2.46	1.94	+0.52
Omega ratio Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio Return relative to maximum drawdown	3.51	1.57	+1.93
Martin ratio Return relative to average drawdown	12.60	6.41	+6.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOCFX vs. LSYAX - Sharpe Ratio Comparison

The current LOCFX Sharpe Ratio is 1.82, which is higher than the LSYAX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of LOCFX and LSYAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LOCFX	LSYAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.39	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.97	-0.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.43	-0.66

Correlation

The correlation between LOCFX and LSYAX is 0.50, 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. LSYAX - Dividend Comparison

LOCFX's dividend yield for the trailing twelve months is around 1.52%, less than LSYAX's 7.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
LSYAX Lord Abbett Short Duration High Yield Fund	7.38%	7.91%	8.01%	6.38%	4.86%	5.77%	4.64%	0.00%	0.00%	0.00%

Drawdowns

LOCFX vs. LSYAX - Drawdown Comparison

The maximum LOCFX drawdown since its inception was -33.29%, which is greater than LSYAX's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for LOCFX and LSYAX.

Drawdown Indicators

	LOCFX	LSYAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.29%	-10.79%	-22.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-4.12%	-2.90%
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	-10.79%	-19.81%
Current Drawdown Current decline from peak	-7.02%	-2.22%	-4.80%
Average Drawdown Average peak-to-trough decline	-11.41%	-1.91%	-9.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.01%	+0.94%

Volatility

LOCFX vs. LSYAX - Volatility Comparison

Lord Abbett Convertible Fund Class F3 (LOCFX) has a higher volatility of 6.00% compared to Lord Abbett Short Duration High Yield Fund (LSYAX) at 1.50%. This indicates that LOCFX's price experiences larger fluctuations and is considered to be riskier than LSYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOCFX	LSYAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	1.50%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	2.49%	+9.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	4.32%	+10.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.83%	4.21%	+8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	4.18%	+9.75%