LALDX vs. STIP
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LALDX) and iShares 0-5 Year TIPS Bond ETF (STIP).
LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LALDX or STIP.
Key characteristics
| LALDX | STIP | |
|---|---|---|
| YTD Return | 4.64% | 4.34% |
| 1Y Return | 6.99% | 6.29% |
| 3Y Return (Ann) | 1.61% | 1.93% |
| 5Y Return (Ann) | 1.95% | 3.47% |
| 10Y Return (Ann) | 2.24% | 2.38% |
| Sharpe Ratio | 2.44 | 3.10 |
| Sortino Ratio | 4.27 | 5.21 |
| Omega Ratio | 1.76 | 1.68 |
| Calmar Ratio | 3.43 | 3.86 |
| Martin Ratio | 21.59 | 24.75 |
| Ulcer Index | 0.30% | 0.26% |
| Daily Std Dev | 2.69% | 2.06% |
| Max Drawdown | -10.22% | -5.50% |
| Current Drawdown | -0.61% | -0.68% |
Correlation
The correlation between LALDX and STIP is 0.37, 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. STIP - Performance Comparison
In the year-to-date period, LALDX achieves a 4.64% return, which is significantly higher than STIP's 4.34% return. Over the past 10 years, LALDX has underperformed STIP with an annualized return of 2.24%, while STIP has yielded a comparatively higher 2.38% 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. STIP - Expense Ratio Comparison
LALDX has a 0.58% expense ratio, which is higher than STIP's 0.06% expense ratio.
Risk-Adjusted Performance
LALDX vs. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and iShares 0-5 Year TIPS Bond ETF (STIP). 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. STIP - Dividend Comparison
LALDX's dividend yield for the trailing twelve months is around 4.91%, more than STIP's 2.46% 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% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.46% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.43% | 1.59% | 0.89% | 0.00% | 0.75% | 0.31% |
Drawdowns
LALDX vs. STIP - Drawdown Comparison
The maximum LALDX drawdown since its inception was -10.22%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for LALDX and STIP. For additional features, visit the drawdowns tool.
Volatility
LALDX vs. STIP - Volatility Comparison
Lord Abbett Short Duration Income Fund (LALDX) has a higher volatility of 0.68% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.46%. This indicates that LALDX's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.