LABFX vs. SPY
Compare and contrast key facts about Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX) and SPDR S&P 500 ETF (SPY).
LABFX is managed by Lord Abbett. It was launched on Dec 26, 1994. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LABFX or SPY.
Correlation
The correlation between LABFX and SPY is 0.92, 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.
Performance
LABFX vs. SPY - Performance Comparison
Key characteristics
LABFX:
0.87
SPY:
0.52
LABFX:
1.25
SPY:
0.87
LABFX:
1.17
SPY:
1.13
LABFX:
0.62
SPY:
0.55
LABFX:
3.45
SPY:
2.26
LABFX:
2.58%
SPY:
4.59%
LABFX:
10.30%
SPY:
20.10%
LABFX:
-43.76%
SPY:
-55.19%
LABFX:
-6.18%
SPY:
-9.86%
Returns By Period
In the year-to-date period, LABFX achieves a -0.97% return, which is significantly higher than SPY's -5.73% return. Over the past 10 years, LABFX has underperformed SPY with an annualized return of 3.24%, while SPY has yielded a comparatively higher 12.04% annualized return.
LABFX
-0.97%
-0.33%
-0.80%
8.72%
6.43%
3.24%
SPY
-5.73%
-0.87%
-4.56%
9.76%
15.17%
12.04%
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LABFX vs. SPY - Expense Ratio Comparison
LABFX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LABFX vs. SPY — Risk-Adjusted Performance Rank
LABFX
SPY
LABFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX) and SPDR S&P 500 ETF (SPY). 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
LABFX vs. SPY - Dividend Comparison
LABFX's dividend yield for the trailing twelve months is around 2.57%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LABFX Lord Abbett Multi-Asset Balanced Opportunity Fund | 2.57% | 2.51% | 2.25% | 1.81% | 7.55% | 3.78% | 2.15% | 4.05% | 3.86% | 3.32% | 3.56% | 5.15% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
LABFX vs. SPY - Drawdown Comparison
The maximum LABFX drawdown since its inception was -43.76%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LABFX and SPY. For additional features, visit the drawdowns tool.
Volatility
LABFX vs. SPY - Volatility Comparison
The current volatility for Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX) is 6.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that LABFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.