ISHYX vs. SDHIX
Compare and contrast key facts about Invesco Short Duration High Yield Municipal Fund (ISHYX) and Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX).
ISHYX is managed by Invesco. It was launched on Sep 29, 2015. SDHIX is managed by Lord Abbett. It was launched on Jun 14, 2015.
Performance
ISHYX vs. SDHIX - Performance Comparison
Loading graphics...
ISHYX vs. SDHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHYX Invesco Short Duration High Yield Municipal Fund | 0.13% | 3.92% | 6.43% | 3.58% | -8.99% | 5.96% | -0.31% | 7.84% | 2.27% | 8.04% |
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund | -0.32% | 5.24% | 5.38% | 3.71% | -9.77% | 3.85% | 2.37% | 7.27% | 2.33% | 3.72% |
Returns By Period
In the year-to-date period, ISHYX achieves a 0.13% return, which is significantly higher than SDHIX's -0.32% return. Over the past 10 years, ISHYX has outperformed SDHIX with an annualized return of 2.84%, while SDHIX has yielded a comparatively lower 1.91% annualized return.
ISHYX
- 1D
- 0.11%
- 1M
- -1.79%
- YTD
- 0.13%
- 6M
- 1.85%
- 1Y
- 3.51%
- 3Y*
- 4.15%
- 5Y*
- 1.66%
- 10Y*
- 2.84%
SDHIX
- 1D
- 0.07%
- 1M
- -2.01%
- YTD
- -0.32%
- 6M
- 0.70%
- 1Y
- 3.80%
- 3Y*
- 4.07%
- 5Y*
- 1.21%
- 10Y*
- 1.91%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ISHYX vs. SDHIX - Expense Ratio Comparison
ISHYX has a 0.59% expense ratio, which is higher than SDHIX's 0.50% expense ratio.
Return for Risk
ISHYX vs. SDHIX — Risk / Return Rank
ISHYX
SDHIX
ISHYX vs. SDHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration High Yield Municipal Fund (ISHYX) and Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX). 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.
| ISHYX | SDHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.26 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.76 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.39 | -0.27 |
Martin ratioReturn relative to average drawdown | 3.57 | 5.73 | -2.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ISHYX | SDHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.26 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.44 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.64 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.65 | +0.25 |
Correlation
The correlation between ISHYX and SDHIX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ISHYX vs. SDHIX - Dividend Comparison
ISHYX's dividend yield for the trailing twelve months is around 4.29%, less than SDHIX's 4.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISHYX Invesco Short Duration High Yield Municipal Fund | 4.29% | 4.65% | 4.40% | 3.38% | 3.99% | 3.58% | 3.58% | 3.45% | 3.59% | 3.51% | 3.60% |
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund | 4.38% | 5.00% | 4.17% | 3.28% | 2.21% | 1.68% | 2.84% | 3.00% | 2.97% | 1.19% | 0.00% |
Drawdowns
ISHYX vs. SDHIX - Drawdown Comparison
The maximum ISHYX drawdown since its inception was -13.64%, roughly equal to the maximum SDHIX drawdown of -13.36%. Use the drawdown chart below to compare losses from any high point for ISHYX and SDHIX.
Loading graphics...
Drawdown Indicators
| ISHYX | SDHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.64% | -13.36% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -3.22% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -13.36% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -13.64% | -13.36% | -0.28% |
Current DrawdownCurrent decline from peak | -1.79% | -2.01% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -3.02% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.78% | +0.41% |
Volatility
ISHYX vs. SDHIX - Volatility Comparison
Invesco Short Duration High Yield Municipal Fund (ISHYX) and Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) have volatilities of 0.68% and 0.68%, 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.
Loading graphics...
Volatility by Period
| ISHYX | SDHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.68% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 1.34% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 3.46% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 2.78% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.33% | 3.01% | +0.32% |