FLXR vs. LSYAX

Last updated Jun 4, 2026

FLXR (TCW Flexible Income ETF) and LSYAX (Lord Abbett Short Duration High Yield Fund) are both funds - FLXR is a Multisector Bonds fund actively managed by TCW, while LSYAX is a High Yield Bonds fund tracking the ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index. FLXR is actively managed, while LSYAX is passively managed. Over the past year, FLXR returned 5.89% vs 8.60% for LSYAX. At a 0.33 correlation, their price movements are largely independent. FLXR charges 0.40%/yr vs 0.65%/yr for LSYAX.

Performance

FLXR vs. LSYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Flexible Income ETF (FLXR) and Lord Abbett Short Duration High Yield Fund (LSYAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLXR achieves a 1.09% return, which is significantly lower than LSYAX's 2.47% return.

FLXR

• 1D: -0.18%
• 1M: 0.36%
• YTD: 1.09%
• 6M: 1.43%
• 1Y: 5.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSYAX

• 1D: 0.10%
• 1M: 0.75%
• YTD: 2.47%
• 6M: 2.80%
• 1Y: 8.60%
• 3Y*: 8.68%
• 5Y*: 4.57%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLXR vs. LSYAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLXR TCW Flexible Income ETF	1.09%	8.37%	4.77%
LSYAX Lord Abbett Short Duration High Yield Fund	2.47%	7.50%	5.08%

Correlation

The correlation between FLXR and LSYAX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.33

The correlation between FLXR and LSYAX shifts across timeframes, from 0.33 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLXR vs. LSYAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLXR

FLXR Risk / Return Rank: 82
FLXR Sharpe Ratio Rank: 79
FLXR Sortino Ratio Rank: 86
FLXR Omega Ratio Rank: 83
FLXR Calmar Ratio Rank: 78
FLXR Martin Ratio Rank: 84

LSYAX

LSYAX Risk / Return Rank: 80
LSYAX Sharpe Ratio Rank: 73
LSYAX Sortino Ratio Rank: 93
LSYAX Omega Ratio Rank: 88
LSYAX Calmar Ratio Rank: 63
LSYAX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLXR vs. LSYAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Flexible Income ETF (FLXR) and Lord Abbett Short Duration High Yield Fund (LSYAX). 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.

	FLXR	LSYAX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.48	+0.13
Sortino ratio: Return per unit of downside risk	3.94	4.72	-0.77
Omega ratio: Gain probability vs. loss probability	1.51	1.62	-0.11
Calmar ratio: Return relative to maximum drawdown	4.04	3.08	+0.96
Martin ratio: Return relative to average drawdown	17.36	15.02	+2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLXR vs. LSYAX - Sharpe Ratio Comparison

The current FLXR Sharpe Ratio is 2.61, which is comparable to the LSYAX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FLXR and LSYAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLXR	LSYAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	2.48	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	1.54	+1.11

Drawdowns

FLXR vs. LSYAX - Drawdown Comparison

The maximum FLXR drawdown since its inception was -1.94%, smaller than the maximum LSYAX drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for FLXR and LSYAX.

Drawdown Indicators

	FLXR	LSYAX	Difference
Max Drawdown Largest peak-to-trough decline	-1.94%	-10.79%	+8.85%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-2.84%	+1.38%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.79%	—
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.36%	-1.86%	+1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.58%	-0.24%

Volatility

FLXR vs. LSYAX - Volatility Comparison

The current volatility for TCW Flexible Income ETF (FLXR) is 0.76%, while Lord Abbett Short Duration High Yield Fund (LSYAX) has a volatility of 0.98%. This indicates that FLXR experiences smaller price fluctuations and is considered to be less risky than LSYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXR	LSYAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	0.98%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	2.82%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	2.26%	3.53%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	4.29%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.79%	4.20%	-1.41%

FLXR vs. LSYAX - Expense Ratio Comparison

FLXR has a 0.40% expense ratio, which is lower than LSYAX's 0.65% expense ratio.

Dividends

FLXR vs. LSYAX - Dividend Comparison

FLXR's dividend yield for the trailing twelve months is around 5.82%, less than LSYAX's 7.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLXR TCW Flexible Income ETF	5.82%	5.66%	3.44%	0.00%	0.00%	0.00%	0.00%
LSYAX Lord Abbett Short Duration High Yield Fund	7.85%	7.91%	8.01%	6.38%	4.86%	5.77%	4.64%

Frequently Asked Questions

Can I hold both FLXR and LSYAX in my portfolio?

FLXR and LSYAX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLXR or LSYAX?

LSYAX has higher volatility (0.98%) compared to FLXR (0.76%). In terms of maximum drawdown, FLXR dropped -1.94% vs LSYAX's -10.79%.

Which has better risk-adjusted returns?

FLXR currently has the higher Sharpe Ratio (2.61 vs 2.48), 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.