PPSIX vs. LBFFX
Compare and contrast key facts about Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Lord Abbett Convertible Fund Class F (LBFFX).
PPSIX is managed by Principal. It was launched on Apr 30, 2002. LBFFX is managed by Lord Abbett.
Performance
PPSIX vs. LBFFX - Performance Comparison
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PPSIX vs. LBFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | -1.61% | 7.86% | 9.82% | 5.88% | -10.67% | 3.03% | 5.47% | 16.45% | -4.54% | 10.51% |
LBFFX Lord Abbett Convertible Fund Class F | 1.71% | 22.11% | 13.82% | 7.16% | -23.30% | 1.26% | 64.16% | 24.19% | -5.89% | 16.68% |
Returns By Period
In the year-to-date period, PPSIX achieves a -1.61% return, which is significantly lower than LBFFX's 1.71% return. Over the past 10 years, PPSIX has underperformed LBFFX with an annualized return of 4.34%, while LBFFX has yielded a comparatively higher 11.61% annualized return.
PPSIX
- 1D
- 0.00%
- 1M
- -2.98%
- YTD
- -1.61%
- 6M
- -0.58%
- 1Y
- 4.72%
- 3Y*
- 8.02%
- 5Y*
- 2.57%
- 10Y*
- 4.34%
LBFFX
- 1D
- -1.66%
- 1M
- -5.44%
- YTD
- 1.71%
- 6M
- 4.82%
- 1Y
- 26.07%
- 3Y*
- 14.05%
- 5Y*
- 2.99%
- 10Y*
- 11.61%
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PPSIX vs. LBFFX - Expense Ratio Comparison
PPSIX has a 0.79% expense ratio, which is lower than LBFFX's 0.93% expense ratio.
Return for Risk
PPSIX vs. LBFFX — Risk / Return Rank
PPSIX
LBFFX
PPSIX vs. LBFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Lord Abbett Convertible Fund Class F (LBFFX). 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.
| PPSIX | LBFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.80 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.10 | 2.44 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.45 | -2.00 |
Martin ratioReturn relative to average drawdown | 6.47 | 12.36 | -5.89 |
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
| PPSIX | LBFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.80 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.23 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.86 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.61 | -0.03 |
Correlation
The correlation between PPSIX and LBFFX is 0.36, 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
PPSIX vs. LBFFX - Dividend Comparison
PPSIX's dividend yield for the trailing twelve months is around 5.39%, more than LBFFX's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.39% | 5.59% | 5.34% | 4.82% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% |
LBFFX Lord Abbett Convertible Fund Class F | 1.47% | 1.80% | 2.22% | 1.95% | 2.60% | 18.44% | 16.27% | 8.71% | 4.91% | 2.47% | 3.64% | 3.38% |
Drawdowns
PPSIX vs. LBFFX - Drawdown Comparison
The maximum PPSIX drawdown since its inception was -52.75%, which is greater than LBFFX's maximum drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for PPSIX and LBFFX.
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Drawdown Indicators
| PPSIX | LBFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -41.13% | -11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -7.07% | +3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -30.86% | +13.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -33.61% | +10.79% |
Current DrawdownCurrent decline from peak | -3.18% | -7.07% | +3.89% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -10.40% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.97% | -1.26% |
Volatility
PPSIX vs. LBFFX - Volatility Comparison
The current volatility for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) is 1.29%, while Lord Abbett Convertible Fund Class F (LBFFX) has a volatility of 5.98%. This indicates that PPSIX experiences smaller price fluctuations and is considered to be less risky than LBFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPSIX | LBFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 5.98% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 12.02% | -10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 14.39% | -11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 12.86% | -8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 13.50% | -8.16% |