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:
1.06
SPY:
2.12
LAFFX:
1.49
SPY:
2.83
LAFFX:
1.20
SPY:
1.40
LAFFX:
1.19
SPY:
3.15
LAFFX:
4.78
SPY:
13.87
LAFFX:
2.65%
SPY:
1.91%
LAFFX:
11.91%
SPY:
12.51%
LAFFX:
-64.67%
SPY:
-55.19%
LAFFX:
-9.53%
SPY:
-1.78%
Returns By Period
In the year-to-date period, LAFFX achieves a 12.80% return, which is significantly lower than SPY's 26.79% return. Over the past 10 years, LAFFX has underperformed SPY with an annualized return of 3.41%, while SPY has yielded a comparatively higher 13.08% annualized return.
LAFFX
12.80%
-5.58%
3.30%
12.60%
5.32%
3.41%
SPY
26.79%
-0.30%
10.04%
26.42%
14.75%
13.08%
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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 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 1.09%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAFFX Lord Abbett Affiliated Fund | 1.09% | 1.69% | 1.93% | 1.42% | 1.92% | 2.18% | 2.48% | 2.21% | 2.43% | 2.54% | 2.16% | 1.88% |
SPY SPDR S&P 500 ETF | 1.19% | 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 -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 3.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.07%. 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.