LALDX vs. SPY
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LALDX or SPY.
Key characteristics
| LALDX | SPY | |
|---|---|---|
| YTD Return | 4.64% | 26.77% |
| 1Y Return | 6.99% | 37.43% |
| 3Y Return (Ann) | 1.61% | 10.15% |
| 5Y Return (Ann) | 1.95% | 15.86% |
| 10Y Return (Ann) | 2.24% | 13.33% |
| Sharpe Ratio | 2.44 | 3.06 |
| Sortino Ratio | 4.27 | 4.08 |
| Omega Ratio | 1.76 | 1.58 |
| Calmar Ratio | 3.43 | 4.44 |
| Martin Ratio | 21.59 | 20.11 |
| Ulcer Index | 0.30% | 1.85% |
| Daily Std Dev | 2.69% | 12.18% |
| Max Drawdown | -10.22% | -55.19% |
| Current Drawdown | -0.61% | -0.31% |
Correlation
The correlation between LALDX and SPY is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
LALDX vs. SPY - Performance Comparison
In the year-to-date period, LALDX achieves a 4.64% return, which is significantly lower than SPY's 26.77% return. Over the past 10 years, LALDX has underperformed SPY with an annualized return of 2.24%, while SPY has yielded a comparatively higher 13.33% 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. SPY - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LALDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and 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.
Dividends
LALDX vs. SPY - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.91%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
LALDX vs. SPY - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.22%, 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. For additional features, visit the drawdowns tool.
Volatility
LALDX vs. SPY - Volatility Comparison
The current volatility for Lord Abbett Short Duration Income Fund (LALDX) is 0.68%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. 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.