LABFX vs. VFIAX
Compare and contrast key facts about Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
LABFX is managed by Lord Abbett. It was launched on Dec 26, 1994. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LABFX or VFIAX.
Key characteristics
| LABFX | VFIAX | |
|---|---|---|
| YTD Return | 7.61% | 11.64% |
| 1Y Return | 17.03% | 29.30% |
| 3Y Return (Ann) | 1.28% | 10.03% |
| 5Y Return (Ann) | 7.52% | 14.98% |
| 10Y Return (Ann) | 5.62% | 12.94% |
| Sharpe Ratio | 2.31 | 2.66 |
| Daily Std Dev | 7.63% | 11.60% |
| Max Drawdown | -40.84% | -55.20% |
| Current Drawdown | -0.99% | -0.19% |
Correlation
The correlation between LABFX and VFIAX is 0.94, 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. VFIAX - Performance Comparison
In the year-to-date period, LABFX achieves a 7.61% return, which is significantly lower than VFIAX's 11.64% return. Over the past 10 years, LABFX has underperformed VFIAX with an annualized return of 5.62%, while VFIAX has yielded a comparatively higher 12.94% 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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LABFX vs. VFIAX - Expense Ratio Comparison
LABFX has a 0.50% expense ratio, which is higher than VFIAX's 0.04% expense ratio.
Risk-Adjusted Performance
LABFX vs. VFIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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. VFIAX - Dividend Comparison
LABFX's dividend yield for the trailing twelve months is around 2.27%, more than VFIAX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LABFX Lord Abbett Multi-Asset Balanced Opportunity Fund | 2.27% | 2.25% | 1.82% | 19.12% | 5.83% | 3.36% | 7.40% | 5.76% | 3.20% | 7.53% | 8.78% | 4.20% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.31% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
LABFX vs. VFIAX - Drawdown Comparison
The maximum LABFX drawdown since its inception was -40.84%, smaller than the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for LABFX and VFIAX. For additional features, visit the drawdowns tool.
Volatility
LABFX vs. VFIAX - Volatility Comparison
The current volatility for Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX) is 2.09%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 3.40%. This indicates that LABFX experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.