LALDX vs. SPMO
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and Invesco S&P 500 Momentum ETF (SPMO).
LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
LALDX vs. SPMO - Performance Comparison
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LALDX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LALDX Lord Abbett Short Duration Income Fund | -0.24% | 5.70% | 4.48% | 4.76% | -5.48% | 1.17% | 2.98% | 5.42% | 1.24% | 2.30% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, LALDX achieves a -0.24% return, which is significantly higher than SPMO's -5.78% return. Over the past 10 years, LALDX has underperformed SPMO with an annualized return of 2.46%, while SPMO has yielded a comparatively higher 17.16% annualized return.
LALDX
- 1D
- 0.26%
- 1M
- -1.03%
- YTD
- -0.24%
- 6M
- 0.98%
- 1Y
- 3.88%
- 3Y*
- 4.35%
- 5Y*
- 1.91%
- 10Y*
- 2.46%
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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LALDX vs. SPMO - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
LALDX vs. SPMO — Risk / Return Rank
LALDX
SPMO
LALDX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| LALDX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.98 | +0.83 |
Sortino ratioReturn per unit of downside risk | 3.07 | 1.51 | +1.57 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.22 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.79 | +1.78 |
Martin ratioReturn relative to average drawdown | 14.42 | 6.36 | +8.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LALDX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.98 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.91 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.86 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.85 | +0.43 |
Correlation
The correlation between LALDX and SPMO 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.
Dividends
LALDX vs. SPMO - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.62%, more than SPMO's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LALDX Lord Abbett Short Duration Income Fund | 4.62% | 5.01% | 4.11% | 4.09% | 2.42% | 2.37% | 2.88% | 3.59% | 3.88% | 3.71% | 3.95% | 3.95% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
LALDX vs. SPMO - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.58%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for LALDX and SPMO.
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Drawdown Indicators
| LALDX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -30.95% | +20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -12.70% | +11.41% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -22.74% | +15.14% |
Max Drawdown (10Y)Largest decline over 10 years | -9.67% | -30.95% | +21.28% |
Current DrawdownCurrent decline from peak | -1.03% | -9.24% | +8.21% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -4.66% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 3.57% | -3.25% |
Volatility
LALDX vs. SPMO - Volatility Comparison
The current volatility for Lord Abbett Short Duration Income Fund (LALDX) is 0.71%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.82%. This indicates that LALDX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LALDX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 6.82% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 12.62% | -10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 22.68% | -20.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.64% | 19.06% | -16.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 20.08% | -17.50% |