LAFFX vs. SPY
Compare and contrast key facts about Lord Abbett Affiliated Fund (LAFFX) and SPDR S&P 500 ETF (SPY).
LAFFX is managed by Lord Abbett. It was launched on Jan 3, 1950. 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: LAFFX or SPY.
Key characteristics
LAFFX | SPY | |
---|---|---|
YTD Return | 10.08% | 11.58% |
1Y Return | 24.47% | 29.17% |
3Y Return (Ann) | 6.35% | 9.98% |
5Y Return (Ann) | 9.00% | 14.95% |
10Y Return (Ann) | 8.53% | 12.88% |
Sharpe Ratio | 2.52 | 2.67 |
Daily Std Dev | 10.27% | 11.53% |
Max Drawdown | -60.50% | -55.19% |
Current Drawdown | -0.22% | -0.21% |
Correlation
The correlation between LAFFX and SPY is 0.91, 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
LAFFX vs. SPY - Performance Comparison
In the year-to-date period, LAFFX achieves a 10.08% return, which is significantly lower than SPY's 11.58% return. Over the past 10 years, LAFFX has underperformed SPY with an annualized return of 8.53%, while SPY has yielded a comparatively higher 12.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LAFFX vs. SPY - Expense Ratio Comparison
LAFFX has a 0.71% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LAFFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Affiliated Fund (LAFFX) 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
LAFFX vs. SPY - Dividend Comparison
LAFFX's dividend yield for the trailing twelve months is around 1.50%, more than SPY's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Lord Abbett Affiliated Fund | 1.50% | 1.69% | 7.86% | 3.86% | 1.93% | 4.31% | 11.75% | 11.96% | 7.76% | 10.67% | 7.11% | 1.87% |
SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
LAFFX vs. SPY - Drawdown Comparison
The maximum LAFFX drawdown since its inception was -60.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LAFFX and SPY. For additional features, visit the drawdowns tool.
Volatility
LAFFX vs. SPY - Volatility Comparison
The current volatility for Lord Abbett Affiliated Fund (LAFFX) is 2.71%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.40%. This indicates that LAFFX 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.