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.
Key characteristics
| LALDX | SGOV | |
|---|---|---|
| YTD Return | 4.64% | 4.62% |
| 1Y Return | 6.99% | 5.38% |
| 3Y Return (Ann) | 1.61% | 3.78% |
| Sharpe Ratio | 2.44 | 21.93 |
| Sortino Ratio | 4.27 | 527.74 |
| Omega Ratio | 1.76 | 528.74 |
| Calmar Ratio | 3.43 | 541.76 |
| Martin Ratio | 21.59 | 8,600.11 |
| Ulcer Index | 0.30% | 0.00% |
| Daily Std Dev | 2.69% | 0.25% |
| Max Drawdown | -10.22% | -0.03% |
| Current Drawdown | -0.61% | 0.00% |
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
The year-to-date returns for both stocks are quite close, with LALDX having a 4.64% return and SGOV slightly lower at 4.62%. 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. 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 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 4.91%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LALDX Lord Abbett Short Duration Income Fund | 4.91% | 4.49% | 3.57% | 2.77% | 2.87% | 3.59% | 3.89% | 3.74% | 3.99% | 3.97% | 3.81% | 3.71% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 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 0.68% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. 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.