AGZ vs. LLDYX
AGZ (iShares Agency Bond ETF) and LLDYX (Lord Abbett Short Duration Income Fund) are both funds - AGZ is a Government Bonds fund tracking the Bloomberg U.S. Agency Bond Index (USD), while LLDYX is a Total Bond Market fund managed by Lord Abbett. Over the past 10 years, AGZ returned 1.80%/yr vs 2.70%/yr for LLDYX. At a 0.36 correlation, their price movements are largely independent. AGZ charges 0.20%/yr vs 0.38%/yr for LLDYX.
Performance
AGZ vs. LLDYX - Performance Comparison
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Returns By Period
In the year-to-date period, AGZ achieves a 0.40% return, which is significantly lower than LLDYX's 0.52% return. Over the past 10 years, AGZ has underperformed LLDYX with an annualized return of 1.80%, while LLDYX has yielded a comparatively higher 2.70% annualized return.
AGZ
- 1D
- 0.12%
- 1M
- 0.36%
- YTD
- 0.40%
- 6M
- 0.50%
- 1Y
- 3.50%
- 3Y*
- 4.20%
- 5Y*
- 1.22%
- 10Y*
- 1.80%
LLDYX
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 0.52%
- 6M
- 0.94%
- 1Y
- 4.16%
- 3Y*
- 5.28%
- 5Y*
- 2.33%
- 10Y*
- 2.70%
AGZ vs. LLDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 0.40% | 6.05% | 3.08% | 5.18% | -7.77% | -1.05% | 5.77% | 5.51% | 1.32% | 2.01% |
LLDYX Lord Abbett Short Duration Income Fund | 0.52% | 6.19% | 5.13% | 5.41% | -5.35% | 1.07% | 3.17% | 5.64% | 1.47% | 2.74% |
Correlation
The correlation between AGZ and LLDYX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2008 | 0.36 |
The correlation between AGZ and LLDYX shifts across timeframes, from 0.36 (all time) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGZ vs. LLDYX — Risk / Return Rank
AGZ
LLDYX
AGZ vs. LLDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and Lord Abbett Short Duration Income Fund (LLDYX). 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.
| AGZ | LLDYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.59 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 3.25 | -0.65 |
| Martin ratioReturn relative to average drawdown | 8.16 | 12.59 | -4.44 |
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Drawdowns
AGZ vs. LLDYX - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, roughly equal to the maximum LLDYX drawdown of -10.54%. Use the drawdown chart below to compare losses from any high point for AGZ and LLDYX.
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Drawdown Indicators
| AGZ | LLDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -10.54% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -1.29% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.85% | -1.29% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -10.66% | -7.43% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -11.01% | -9.67% | -1.34% |
Current DrawdownCurrent decline from peak | -0.55% | -0.52% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -1.20% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.33% | +0.10% |
Volatility
AGZ vs. LLDYX - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.67%, while Lord Abbett Short Duration Income Fund (LLDYX) has a volatility of 0.73%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than LLDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZ | LLDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.73% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 1.70% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.55% | 2.42% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 2.75% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 2.60% | +0.43% |
AGZ vs. LLDYX - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than LLDYX's 0.38% expense ratio.
Dividends
AGZ vs. LLDYX - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.72%, less than LLDYX's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.72% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
LLDYX Lord Abbett Short Duration Income Fund | 5.17% | 5.21% | 4.73% | 4.71% | 2.58% | 2.52% | 3.06% | 3.79% | 4.11% | 3.90% | 4.15% | 4.15% |
Frequently Asked Questions
AGZ and LLDYX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLDYX has higher volatility (0.73%) compared to AGZ (0.67%). In terms of maximum drawdown, AGZ dropped -11.01% vs LLDYX's -10.54%.
LLDYX currently has the higher Sharpe Ratio (1.73 vs 1.38), 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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