LOCFX vs. PACIX
Compare and contrast key facts about Lord Abbett Convertible Fund Class F3 (LOCFX) and Columbia Convertible Securities Fund (PACIX).
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. PACIX is managed by Columbia. It was launched on Sep 24, 1987.
Performance
LOCFX vs. PACIX - Performance Comparison
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LOCFX vs. PACIX - 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% |
PACIX Columbia Convertible Securities Fund | 0.04% | 19.58% | 9.51% | 11.91% | -19.54% | 3.71% | 47.86% | 26.15% | -1.03% | 10.18% |
Returns By Period
In the year-to-date period, LOCFX achieves a 1.75% return, which is significantly higher than PACIX's 0.04% return.
LOCFX
- 1D
- -1.63%
- 1M
- -5.41%
- YTD
- 1.75%
- 6M
- 4.96%
- 1Y
- 26.30%
- 3Y*
- 14.26%
- 5Y*
- 3.19%
- 10Y*
- —
PACIX
- 1D
- -1.58%
- 1M
- -6.43%
- YTD
- 0.04%
- 6M
- 2.18%
- 1Y
- 22.13%
- 3Y*
- 12.16%
- 5Y*
- 3.68%
- 10Y*
- 11.54%
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LOCFX vs. PACIX - Expense Ratio Comparison
LOCFX has a 0.82% expense ratio, which is lower than PACIX's 1.12% expense ratio.
Return for Risk
LOCFX vs. PACIX — Risk / Return Rank
LOCFX
PACIX
LOCFX vs. PACIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F3 (LOCFX) and Columbia Convertible Securities Fund (PACIX). 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 | PACIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.49 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.46 | 2.03 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.60 | +0.91 |
Martin ratioReturn relative to average drawdown | 12.60 | 9.39 | +3.21 |
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 | PACIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.49 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.29 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.81 | -0.03 |
Correlation
The correlation between LOCFX and PACIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LOCFX vs. PACIX - Dividend Comparison
LOCFX's dividend yield for the trailing twelve months is around 1.52%, more than PACIX's 1.48% 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% |
PACIX Columbia Convertible Securities Fund | 1.48% | 1.45% | 1.96% | 2.53% | 9.87% | 22.27% | 7.81% | 6.29% | 5.29% | 2.75% | 2.34% | 9.91% |
Drawdowns
LOCFX vs. PACIX - Drawdown Comparison
The maximum LOCFX drawdown since its inception was -33.29%, smaller than the maximum PACIX drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for LOCFX and PACIX.
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Drawdown Indicators
| LOCFX | PACIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -43.86% | +10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -7.85% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -26.71% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | -7.02% | -7.85% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -6.86% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.17% | -0.22% |
Volatility
LOCFX vs. PACIX - Volatility Comparison
Lord Abbett Convertible Fund Class F3 (LOCFX) and Columbia Convertible Securities Fund (PACIX) have volatilities of 6.00% and 5.94%, 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 | PACIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.94% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 11.69% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 14.68% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 12.97% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 13.25% | +0.68% |