LALDX vs. SCHX
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and Schwab U.S. Large-Cap ETF (SCHX).
LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993. SCHX is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Total Stock Market Index. It was launched on Nov 3, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LALDX or SCHX.
Key characteristics
| LALDX | SCHX | |
|---|---|---|
| YTD Return | 1.52% | 9.87% |
| 1Y Return | 4.34% | 29.14% |
| 3Y Return (Ann) | 0.72% | 8.68% |
| 5Y Return (Ann) | 1.79% | 14.54% |
| 10Y Return (Ann) | 1.99% | 12.73% |
| Sharpe Ratio | 1.72 | 2.46 |
| Daily Std Dev | 2.68% | 11.79% |
| Max Drawdown | -10.22% | -34.33% |
| Current Drawdown | 0.00% | -0.50% |
Correlation
The correlation between LALDX and SCHX is 0.03, 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. SCHX - Performance Comparison
In the year-to-date period, LALDX achieves a 1.52% return, which is significantly lower than SCHX's 9.87% return. Over the past 10 years, LALDX has underperformed SCHX with an annualized return of 1.99%, while SCHX has yielded a comparatively higher 12.73% 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. SCHX - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is higher than SCHX's 0.03% expense ratio.
Risk-Adjusted Performance
LALDX vs. SCHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and Schwab U.S. Large-Cap ETF (SCHX). 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. SCHX - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.74%, more than SCHX's 1.30% 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% |
SCHX Schwab U.S. Large-Cap ETF | 1.30% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 2.39% | 2.04% | 1.76% | 1.65% |
Drawdowns
LALDX vs. SCHX - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.22%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for LALDX and SCHX. For additional features, visit the drawdowns tool.
Volatility
LALDX vs. SCHX - Volatility Comparison
The current volatility for Lord Abbett Short Duration Income Fund (LALDX) is 0.84%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 3.64%. This indicates that LALDX experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.