ALFAX vs. LALDX
Compare and contrast key facts about Lord Abbett Alpha Strategy Fund (ALFAX) and Lord Abbett Short Duration Income Fund (LALDX).
ALFAX is managed by Lord Abbett. It was launched on Mar 18, 1998. LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993.
Performance
ALFAX vs. LALDX - Performance Comparison
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ALFAX vs. LALDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALFAX Lord Abbett Alpha Strategy Fund | -2.53% | 8.80% | 13.18% | 13.92% | -23.50% | 15.01% | 26.16% | 24.95% | -9.72% | 20.61% |
LALDX Lord Abbett Short Duration Income Fund | -0.24% | 5.70% | 4.48% | 4.76% | -5.48% | 1.17% | 2.98% | 5.42% | 1.24% | 2.30% |
Returns By Period
In the year-to-date period, ALFAX achieves a -2.53% return, which is significantly lower than LALDX's -0.24% return. Over the past 10 years, ALFAX has outperformed LALDX with an annualized return of 8.73%, while LALDX has yielded a comparatively lower 2.46% annualized return.
ALFAX
- 1D
- -1.32%
- 1M
- -9.32%
- YTD
- -2.53%
- 6M
- -1.61%
- 1Y
- 16.40%
- 3Y*
- 8.86%
- 5Y*
- 1.80%
- 10Y*
- 8.73%
LALDX
- 1D
- 0.26%
- 1M
- -1.03%
- YTD
- -0.24%
- 6M
- 0.98%
- 1Y
- 3.88%
- 3Y*
- 4.35%
- 5Y*
- 1.91%
- 10Y*
- 2.46%
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ALFAX vs. LALDX - Expense Ratio Comparison
ALFAX has a 1.40% expense ratio, which is higher than LALDX's 0.58% expense ratio.
Return for Risk
ALFAX vs. LALDX — Risk / Return Rank
ALFAX
LALDX
ALFAX vs. LALDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Alpha Strategy Fund (ALFAX) and Lord Abbett Short Duration Income Fund (LALDX). 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.
| ALFAX | LALDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.82 | -1.02 |
Sortino ratioReturn per unit of downside risk | 1.23 | 3.07 | -1.84 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.57 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.57 | -2.50 |
Martin ratioReturn relative to average drawdown | 4.45 | 14.42 | -9.97 |
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
| ALFAX | LALDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.82 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.73 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.96 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.28 | -0.89 |
Correlation
The correlation between ALFAX and LALDX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ALFAX vs. LALDX - Dividend Comparison
ALFAX's dividend yield for the trailing twelve months is around 5.44%, more than LALDX's 4.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALFAX Lord Abbett Alpha Strategy Fund | 5.44% | 5.30% | 0.80% | 0.46% | 6.94% | 5.38% | 7.99% | 14.66% | 16.61% | 11.96% | 11.85% | 15.83% |
LALDX Lord Abbett Short Duration Income Fund | 4.62% | 5.01% | 4.11% | 4.09% | 2.42% | 2.37% | 2.88% | 3.59% | 3.88% | 3.71% | 3.95% | 3.95% |
Drawdowns
ALFAX vs. LALDX - Drawdown Comparison
The maximum ALFAX drawdown since its inception was -57.11%, which is greater than LALDX's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for ALFAX and LALDX.
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Drawdown Indicators
| ALFAX | LALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.11% | -10.58% | -46.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -1.29% | -11.78% |
Max Drawdown (5Y)Largest decline over 5 years | -33.88% | -7.60% | -26.28% |
Max Drawdown (10Y)Largest decline over 10 years | -40.29% | -9.67% | -30.62% |
Current DrawdownCurrent decline from peak | -10.31% | -1.03% | -9.28% |
Average DrawdownAverage peak-to-trough decline | -12.94% | -0.82% | -12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 0.32% | +2.81% |
Volatility
ALFAX vs. LALDX - Volatility Comparison
Lord Abbett Alpha Strategy Fund (ALFAX) has a higher volatility of 6.61% compared to Lord Abbett Short Duration Income Fund (LALDX) at 0.71%. This indicates that ALFAX's price experiences larger fluctuations and is considered to be riskier than LALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALFAX | LALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 0.71% | +5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 1.66% | +10.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.01% | 2.39% | +17.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 2.64% | +17.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 2.58% | +18.01% |