LAGWX vs. SDHIX

Last updated Jul 11, 2026

LAGWX (Lord Abbett Developing Growth Fund) and SDHIX (Lord Abbett Short Duration High Income Municipal Bond Fund) are both mutual funds - LAGWX is a Small Cap Growth Equities fund managed by Lord Abbett, while SDHIX is a High Yield Muni fund managed by Lord Abbett. Over the past 10 years, LAGWX returned 14.49%/yr vs 2.02%/yr for SDHIX. At a 0.07 correlation, their price movements are largely independent. LAGWX charges 0.93%/yr vs 0.50%/yr for SDHIX.

Performance

LAGWX vs. SDHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Developing Growth Fund (LAGWX) and Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAGWX achieves a 30.94% return, which is significantly higher than SDHIX's 2.14% return. Over the past 10 years, LAGWX has outperformed SDHIX with an annualized return of 14.49%, while SDHIX has yielded a comparatively lower 2.02% annualized return.

LAGWX

• 1D: 2.82%
• 1M: 0.12%
• 6M: 23.38%
• YTD: 30.94%
• 1Y: 54.65%
• 3Y*: 21.06%
• 5Y*: 3.52%
• 10Y*: 14.49%

SDHIX

• 1D: -0.07%
• 1M: 0.43%
• 6M: 1.78%
• YTD: 2.14%
• 1Y: 5.58%
• 3Y*: 4.86%
• 5Y*: 1.19%
• 10Y*: 2.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LAGWX vs. SDHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAGWX Lord Abbett Developing Growth Fund	30.94%	14.37%	21.89%	8.50%	-36.09%	-2.77%	72.40%	31.47%	4.52%	29.92%
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund	2.14%	5.24%	5.38%	3.71%	-9.77%	3.85%	2.37%	7.27%	2.33%	3.72%

Correlation

The correlation between LAGWX and SDHIX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.07

Return for Risk

LAGWX vs. SDHIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LAGWX

LAGWX Risk / Return Rank: 72
LAGWX Sharpe Ratio Rank: 69
LAGWX Sortino Ratio Rank: 57
LAGWX Omega Ratio Rank: 57
LAGWX Calmar Ratio Rank: 89
LAGWX Martin Ratio Rank: 88

SDHIX

SDHIX Risk / Return Rank: 85
SDHIX Sharpe Ratio Rank: 94
SDHIX Sortino Ratio Rank: 97
SDHIX Omega Ratio Rank: 97
SDHIX Calmar Ratio Rank: 72
SDHIX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LAGWX vs. SDHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Developing Growth Fund (LAGWX) and Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LAGWX	SDHIX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.63	-0.80
Sortino ratio: Return per unit of downside risk	2.39	4.94	-2.55
Omega ratio: Gain probability vs. loss probability	1.31	1.75	-0.44
Calmar ratio: Return relative to maximum drawdown	3.59	2.62	+0.97
Martin ratio: Return relative to average drawdown	12.80	10.00	+2.79

LAGWX vs. SDHIX - Sharpe Ratio Comparison

The current LAGWX Sharpe Ratio is 1.83, which is lower than the SDHIX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of LAGWX and SDHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LAGWX vs. SDHIX - Drawdown Comparison

The maximum LAGWX drawdown since its inception was -60.31%, which is greater than SDHIX's maximum drawdown of -13.36%. Use the drawdown chart below to compare losses from any high point for LAGWX and SDHIX.

Drawdown Indicators

	LAGWX	SDHIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.31%	-13.36%	-46.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.72%	-2.08%	-12.64%
Max Drawdown (3Y) Largest decline over 3 years	-32.10%	-3.34%	-28.76%
Max Drawdown (5Y) Largest decline over 5 years	-51.25%	-13.36%	-37.89%
Max Drawdown (10Y) Largest decline over 10 years	-54.38%	-13.36%	-41.02%
Current Drawdown Current decline from peak	-5.28%	-0.28%	-5.00%
Average Drawdown Average peak-to-trough decline	-17.04%	-2.95%	-14.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	0.54%	+3.58%

Volatility

LAGWX vs. SDHIX - Volatility Comparison

Lord Abbett Developing Growth Fund (LAGWX) has a higher volatility of 11.15% compared to Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) at 0.54%. This indicates that LAGWX's price experiences larger fluctuations and is considered to be riskier than SDHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAGWX	SDHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	0.54%	+10.61%
Volatility (6M) Calculated over the trailing 6-month period	23.86%	1.55%	+22.31%
Volatility (1Y) Calculated over the trailing 1-year period	28.92%	2.07%	+26.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.16%	2.82%	+25.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.42%	3.03%	+24.39%

LAGWX vs. SDHIX - Expense Ratio Comparison

LAGWX has a 0.93% expense ratio, which is higher than SDHIX's 0.50% expense ratio.

Dividends

LAGWX vs. SDHIX - Dividend Comparison

LAGWX has not paid dividends to shareholders, while SDHIX's dividend yield for the trailing twelve months is around 4.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LAGWX Lord Abbett Developing Growth Fund	0.00%	0.00%	0.03%	0.00%	0.00%	12.60%	9.67%	22.87%	33.87%	0.00%	0.00%	10.03%
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund	4.36%	5.00%	4.17%	3.28%	2.21%	1.68%	2.84%	3.00%	2.97%	1.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LAGWX and SDHIX in my portfolio?

LAGWX and SDHIX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAGWX or SDHIX?

LAGWX has higher volatility (11.15%) compared to SDHIX (0.54%). In terms of maximum drawdown, LAGWX dropped -60.31% vs SDHIX's -13.36%.

Which has better risk-adjusted returns?

SDHIX currently has the higher Sharpe Ratio (2.63 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.