AGZ vs. LLDYX
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and Lord Abbett Short Duration Income Fund (LLDYX).
AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008. LLDYX is managed by Lord Abbett. It was launched on Oct 19, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGZ or LLDYX.
Key characteristics
| AGZ | LLDYX | |
|---|---|---|
| YTD Return | 2.71% | 5.10% |
| 1Y Return | 5.94% | 7.22% |
| 3Y Return (Ann) | -0.19% | 1.69% |
| 5Y Return (Ann) | 0.86% | 1.98% |
| 10Y Return (Ann) | 1.58% | 2.35% |
| Sharpe Ratio | 1.82 | 2.54 |
| Sortino Ratio | 2.80 | 4.60 |
| Omega Ratio | 1.34 | 1.87 |
| Calmar Ratio | 0.78 | 3.63 |
| Martin Ratio | 8.58 | 24.03 |
| Ulcer Index | 0.68% | 0.29% |
| Daily Std Dev | 3.23% | 2.72% |
| Max Drawdown | -11.01% | -10.54% |
| Current Drawdown | -2.03% | -0.60% |
Correlation
The correlation between AGZ and LLDYX is 0.35, 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.
Performance
AGZ vs. LLDYX - Performance Comparison
In the year-to-date period, AGZ achieves a 2.71% return, which is significantly lower than LLDYX's 5.10% return. Over the past 10 years, AGZ has underperformed LLDYX with an annualized return of 1.58%, while LLDYX has yielded a comparatively higher 2.35% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AGZ vs. LLDYX - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than LLDYX's 0.38% expense ratio.
Risk-Adjusted Performance
AGZ vs. LLDYX - Risk-Adjusted Performance 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.
Dividends
AGZ vs. LLDYX - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.44%, less than LLDYX's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.44% | 3.14% | 1.57% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% | 1.19% |
LLDYX Lord Abbett Short Duration Income Fund | 5.11% | 4.71% | 3.42% | 2.52% | 3.04% | 3.80% | 4.15% | 3.88% | 4.14% | 4.15% | 4.02% | 3.89% |
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. For additional features, visit the drawdowns tool.
Volatility
AGZ vs. LLDYX - Volatility Comparison
iShares Agency Bond ETF (AGZ) and Lord Abbett Short Duration Income Fund (LLDYX) have volatilities of 0.82% and 0.79%, 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.