OOSAX vs. LFRIX
OOSAX (Invesco Senior Floating Rate Fund) and LFRIX (Lord Abbett Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, OOSAX returned 3.51%/yr vs 4.47%/yr for LFRIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. OOSAX charges 1.04%/yr vs 0.60%/yr for LFRIX.
Performance
OOSAX vs. LFRIX - Performance Comparison
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Returns By Period
In the year-to-date period, OOSAX achieves a -0.53% return, which is significantly lower than LFRIX's 2.32% return. Over the past 10 years, OOSAX has underperformed LFRIX with an annualized return of 3.51%, while LFRIX has yielded a comparatively higher 4.47% annualized return.
OOSAX
- 1D
- 0.00%
- 1M
- -0.16%
- 6M
- 0.26%
- YTD
- -0.53%
- 1Y
- 0.01%
- 3Y*
- 5.00%
- 5Y*
- 4.73%
- 10Y*
- 3.51%
- ALL TIME*
- 4.40%
LFRIX
- 1D
- -0.12%
- 1M
- -0.25%
- 6M
- 2.13%
- YTD
- 2.32%
- 1Y
- 5.39%
- 3Y*
- 7.05%
- 5Y*
- 5.47%
- 10Y*
- 4.47%
- ALL TIME*
- 4.12%
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 |
OOSAX vs. LFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | -0.53% | 3.78% | 7.76% | 10.67% | -0.94% | 8.66% | -4.46% | 2.36% | -0.86% | 3.79% |
LFRIX Lord Abbett Floating Rate Fund | 2.32% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
Correlation
The correlation between OOSAX and LFRIX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.61 |
Over the past year, the correlation between OOSAX and LFRIX has dropped to 0.31 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
OOSAX vs. LFRIX — Risk / Return Rank
OOSAX
LFRIX
OOSAX vs. LFRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and Lord Abbett Floating Rate Fund (LFRIX). 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.
| OOSAX | LFRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.86 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.78 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.40 | -3.45 |
| Martin ratioReturn relative to average drawdown | -0.10 | 12.60 | -12.70 |
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Drawdowns
OOSAX vs. LFRIX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.12%, which is greater than LFRIX's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for OOSAX and LFRIX.
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Drawdown Indicators
| OOSAX | LFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -27.90% | -4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -1.55% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -3.23% | -2.59% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -6.52% | -6.23% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | -21.75% | -1.78% |
Current DrawdownCurrent decline from peak | -1.27% | -0.37% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -1.93% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.42% | +1.07% |
Volatility
OOSAX vs. LFRIX - Volatility Comparison
The current volatility for Invesco Senior Floating Rate Fund (OOSAX) is 0.28%, while Lord Abbett Floating Rate Fund (LFRIX) has a volatility of 0.34%. This indicates that OOSAX experiences smaller price fluctuations and is considered to be less risky than LFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOSAX | LFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.34% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.90% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 2.44% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 2.87% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 3.91% | +0.23% |
OOSAX vs. LFRIX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than LFRIX's 0.60% expense ratio.
Dividends
OOSAX vs. LFRIX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 4.48%, less than LFRIX's 6.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 6.24% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
OOSAX Invesco Senior Floating Rate Fund | 4.48% | 6.68% | 8.38% | 7.76% | 7.42% | 4.37% | 4.84% | 5.24% | 4.65% | 4.08% | 4.78% | 4.65% |
Frequently Asked Questions
OOSAX and LFRIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LFRIX has higher volatility (0.34%) compared to OOSAX (0.28%). In terms of maximum drawdown, OOSAX dropped -32.12% vs LFRIX's -27.90%.
LFRIX currently has the higher Sharpe Ratio (2.20 vs -0.06), 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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