LALDX vs. SPY
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and State Street SPDR S&P 500 ETF (SPY).
LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
LALDX vs. SPY - Performance Comparison
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LALDX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, LALDX achieves a -0.24% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, LALDX has underperformed SPY with an annualized return of 2.46%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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LALDX vs. SPY - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
LALDX vs. SPY — Risk / Return Rank
LALDX
SPY
LALDX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.93 | +0.89 |
Sortino ratioReturn per unit of downside risk | 3.07 | 1.45 | +1.62 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.22 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.53 | +2.04 |
Martin ratioReturn relative to average drawdown | 14.42 | 7.30 | +7.12 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.93 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.69 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.78 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.56 | +0.72 |
Correlation
The correlation between LALDX and SPY 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. SPY - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.62%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LALDX vs. SPY - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LALDX and SPY.
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Drawdown Indicators
| LALDX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -55.19% | +44.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -12.05% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -24.50% | +16.90% |
Max Drawdown (10Y)Largest decline over 10 years | -9.67% | -33.72% | +24.05% |
Current DrawdownCurrent decline from peak | -1.03% | -6.24% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -9.09% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 2.52% | -2.20% |
Volatility
LALDX vs. SPY - Volatility Comparison
The current volatility for Lord Abbett Short Duration Income Fund (LALDX) is 0.71%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that LALDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LALDX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 5.31% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 9.47% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 19.05% | -16.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.64% | 17.06% | -14.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 17.92% | -15.34% |