Correlation
The correlation between LAFFX 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.
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.
Performance
LAFFX vs. SPY - Performance Comparison
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Key characteristics
LAFFX:
0.70
SPY:
0.68
LAFFX:
1.22
SPY:
1.11
LAFFX:
1.18
SPY:
1.16
LAFFX:
0.88
SPY:
0.75
LAFFX:
3.20
SPY:
2.86
LAFFX:
4.21%
SPY:
4.93%
LAFFX:
16.62%
SPY:
20.44%
LAFFX:
-60.50%
SPY:
-55.19%
LAFFX:
-3.01%
SPY:
-3.01%
Returns By Period
In the year-to-date period, LAFFX achieves a 3.49% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, LAFFX has underperformed SPY with an annualized return of 8.58%, while SPY has yielded a comparatively higher 12.88% annualized return.
LAFFX
3.49%
2.84%
-2.49%
11.50%
10.16%
11.96%
8.58%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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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.
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Dividends
LAFFX vs. SPY - Dividend Comparison
LAFFX's dividend yield for the trailing twelve months is around 6.08%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAFFX Lord Abbett Affiliated Fund | 6.08% | 6.31% | 1.69% | 7.87% | 3.86% | 1.92% | 4.31% | 11.76% | 11.96% | 7.76% | 10.67% | 7.11% |
SPY SPDR S&P 500 ETF | 1.21% | 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 -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.
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Volatility
LAFFX vs. SPY - Volatility Comparison
The current volatility for Lord Abbett Affiliated Fund (LAFFX) is 3.72%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. 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.
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