LALDX vs. JPST
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and JPMorgan Ultra-Short Income ETF (JPST).
LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LALDX or JPST.
Key characteristics
| LALDX | JPST | |
|---|---|---|
| YTD Return | 1.52% | 2.07% |
| 1Y Return | 4.61% | 5.60% |
| 3Y Return (Ann) | 0.71% | 2.76% |
| 5Y Return (Ann) | 1.79% | 2.48% |
| Sharpe Ratio | 1.81 | 10.41 |
| Daily Std Dev | 2.69% | 0.53% |
| Max Drawdown | -10.22% | -3.28% |
| Current Drawdown | -0.26% | 0.00% |
Correlation
The correlation between LALDX and JPST is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LALDX vs. JPST - Performance Comparison
In the year-to-date period, LALDX achieves a 1.52% return, which is significantly lower than JPST's 2.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LALDX vs. JPST - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is higher than JPST's 0.18% expense ratio.
Risk-Adjusted Performance
LALDX vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and JPMorgan Ultra-Short Income ETF (JPST). 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
LALDX vs. JPST - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.74%, less than JPST's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LALDX Lord Abbett Short Duration Income Fund | 4.74% | 4.50% | 3.57% | 2.73% | 2.86% | 3.60% | 3.89% | 3.75% | 3.99% | 3.97% | 3.81% | 3.85% |
JPST JPMorgan Ultra-Short Income ETF | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LALDX vs. JPST - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.22%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for LALDX and JPST. For additional features, visit the drawdowns tool.
Volatility
LALDX vs. JPST - Volatility Comparison
Lord Abbett Short Duration Income Fund (LALDX) has a higher volatility of 0.84% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.11%. This indicates that LALDX's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.