LALDX vs. LBNDX
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and Lord Abbett Bond Debenture Fund (LBNDX).
LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993. LBNDX is managed by Lord Abbett. It was launched on Mar 31, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LALDX or LBNDX.
Key characteristics
| LALDX | LBNDX | |
|---|---|---|
| YTD Return | 1.52% | 2.44% |
| 1Y Return | 4.34% | 7.54% |
| 3Y Return (Ann) | 0.72% | -0.91% |
| 5Y Return (Ann) | 1.79% | 2.35% |
| 10Y Return (Ann) | 1.99% | 3.46% |
| Sharpe Ratio | 1.72 | 1.78 |
| Daily Std Dev | 2.68% | 4.50% |
| Max Drawdown | -10.22% | -26.21% |
| Current Drawdown | 0.00% | -5.80% |
Correlation
The correlation between LALDX and LBNDX is 0.27, 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. LBNDX - Performance Comparison
In the year-to-date period, LALDX achieves a 1.52% return, which is significantly lower than LBNDX's 2.44% return. Over the past 10 years, LALDX has underperformed LBNDX with an annualized return of 1.99%, while LBNDX has yielded a comparatively higher 3.46% annualized 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. LBNDX - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is lower than LBNDX's 0.77% expense ratio.
Risk-Adjusted Performance
LALDX vs. LBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and Lord Abbett Bond Debenture Fund (LBNDX). 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. LBNDX - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.74%, less than LBNDX's 5.44% 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% |
LBNDX Lord Abbett Bond Debenture Fund | 5.44% | 5.11% | 5.25% | 4.18% | 3.69% | 4.02% | 6.03% | 4.84% | 4.64% | 5.12% | 6.95% | 7.00% |
Drawdowns
LALDX vs. LBNDX - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.22%, smaller than the maximum LBNDX drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for LALDX and LBNDX. For additional features, visit the drawdowns tool.
Volatility
LALDX vs. LBNDX - Volatility Comparison
The current volatility for Lord Abbett Short Duration Income Fund (LALDX) is 0.84%, while Lord Abbett Bond Debenture Fund (LBNDX) has a volatility of 1.03%. This indicates that LALDX experiences smaller price fluctuations and is considered to be less risky than LBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.