LALDX vs. SGOV
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LALDX or SGOV.
Correlation
The correlation between LALDX and SGOV is 0.05, 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. SGOV - Performance Comparison
Key characteristics
LALDX:
2.18
SGOV:
22.08
LALDX:
3.79
SGOV:
500.74
LALDX:
1.69
SGOV:
501.74
LALDX:
7.05
SGOV:
513.36
LALDX:
18.18
SGOV:
8,149.35
LALDX:
0.30%
SGOV:
0.00%
LALDX:
2.55%
SGOV:
0.23%
LALDX:
-10.22%
SGOV:
-0.03%
LALDX:
0.00%
SGOV:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with LALDX having a 0.67% return and SGOV slightly higher at 0.69%.
LALDX
0.67%
0.26%
2.52%
5.49%
1.95%
2.38%
SGOV
0.69%
0.33%
2.33%
5.04%
N/A
N/A
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LALDX vs. SGOV - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
LALDX vs. SGOV — Risk-Adjusted Performance Rank
LALDX
SGOV
LALDX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.54%, which matches SGOV's 4.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LALDX Lord Abbett Short Duration Income Fund | 4.54% | 4.94% | 4.49% | 3.57% | 2.77% | 2.87% | 3.59% | 3.89% | 3.74% | 3.99% | 3.97% | 3.81% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.58% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LALDX vs. SGOV - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.22%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for LALDX and SGOV. For additional features, visit the drawdowns tool.
Volatility
LALDX vs. SGOV - Volatility Comparison
Lord Abbett Short Duration Income Fund (LALDX) has a higher volatility of 0.61% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that LALDX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.