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.
Correlation
The correlation between LAFFX and SPY is 0.90, 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
Key characteristics
LAFFX:
0.08
SPY:
0.30
LAFFX:
0.23
SPY:
0.56
LAFFX:
1.03
SPY:
1.08
LAFFX:
0.08
SPY:
0.31
LAFFX:
0.25
SPY:
1.40
LAFFX:
5.53%
SPY:
4.18%
LAFFX:
16.67%
SPY:
19.64%
LAFFX:
-64.67%
SPY:
-55.19%
LAFFX:
-14.11%
SPY:
-13.86%
Returns By Period
In the year-to-date period, LAFFX achieves a -4.80% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, LAFFX has underperformed SPY with an annualized return of 2.81%, while SPY has yielded a comparatively higher 11.59% annualized return.
LAFFX
-4.80%
-4.75%
-11.29%
1.75%
9.19%
2.81%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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 Rank
LAFFX
SPY
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 1.79%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAFFX Lord Abbett Affiliated Fund | 1.79% | 1.74% | 1.69% | 1.93% | 1.42% | 1.92% | 2.18% | 2.48% | 2.21% | 2.43% | 2.54% | 2.16% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
LAFFX vs. SPY - Drawdown Comparison
The maximum LAFFX drawdown since its inception was -64.67%, 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 11.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. 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.