LANYX vs. LBNDX

Last updated Jun 4, 2026

LANYX (Lord Abbett New York Tax Free Fund) and LBNDX (Lord Abbett Bond Debenture Fund) are both mutual funds - LANYX is a Municipal Bonds fund managed by Lord Abbett, while LBNDX is a Multisector Bonds fund managed by Lord Abbett. Over the past 10 years, LANYX returned 1.80%/yr vs 4.31%/yr for LBNDX. At a 0.24 correlation, their price movements are largely independent. LANYX charges 0.78%/yr vs 0.77%/yr for LBNDX.

Performance

LANYX vs. LBNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett New York Tax Free Fund (LANYX) and Lord Abbett Bond Debenture Fund (LBNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LANYX achieves a 2.23% return, which is significantly higher than LBNDX's 1.63% return. Over the past 10 years, LANYX has underperformed LBNDX with an annualized return of 1.80%, while LBNDX has yielded a comparatively higher 4.31% annualized return.

LANYX

• 1D: 0.19%
• 1M: 0.88%
• YTD: 2.23%
• 6M: 2.43%
• 1Y: 7.35%
• 3Y*: 3.64%
• 5Y*: 0.04%
• 10Y*: 1.80%

LBNDX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 1.63%
• 6M: 1.99%
• 1Y: 8.47%
• 3Y*: 7.17%
• 5Y*: 1.66%
• 10Y*: 4.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LANYX vs. LBNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LANYX Lord Abbett New York Tax Free Fund	2.23%	2.80%	1.62%	7.89%	-13.80%	3.41%	4.54%	8.41%	0.98%	4.68%
LBNDX Lord Abbett Bond Debenture Fund	1.63%	8.42%	6.29%	6.38%	-13.67%	3.25%	7.65%	13.40%	-3.76%	9.23%

Correlation

The correlation between LANYX and LBNDX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 2, 1984	0.24

Over the past year, LANYX and LBNDX have become more correlated (0.56) than their long-term average of 0.24, meaning their price movements have been converging.

Return for Risk

LANYX vs. LBNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LANYX

LANYX Risk / Return Rank: 63
LANYX Sharpe Ratio Rank: 62
LANYX Sortino Ratio Rank: 76
LANYX Omega Ratio Rank: 84
LANYX Calmar Ratio Rank: 50
LANYX Martin Ratio Rank: 44

LBNDX

LBNDX Risk / Return Rank: 49
LBNDX Sharpe Ratio Rank: 53
LBNDX Sortino Ratio Rank: 61
LBNDX Omega Ratio Rank: 62
LBNDX Calmar Ratio Rank: 32
LBNDX Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LANYX vs. LBNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett New York Tax Free Fund (LANYX) and Lord Abbett Bond Debenture Fund (LBNDX). 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.

	LANYX	LBNDX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.14	+0.19
Sortino ratio: Return per unit of downside risk	3.70	3.28	+0.42
Omega ratio: Gain probability vs. loss probability	1.57	1.44	+0.13
Calmar ratio: Return relative to maximum drawdown	2.71	2.12	+0.59
Martin ratio: Return relative to average drawdown	9.28	8.69	+0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LANYX vs. LBNDX - Sharpe Ratio Comparison

The current LANYX Sharpe Ratio is 2.32, which is comparable to the LBNDX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of LANYX and LBNDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LANYX	LBNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.14	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.36	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.86	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.10	-0.12

Drawdowns

LANYX vs. LBNDX - Drawdown Comparison

The maximum LANYX drawdown since its inception was -19.61%, smaller than the maximum LBNDX drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for LANYX and LBNDX.

Drawdown Indicators

	LANYX	LBNDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-26.67%	+7.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	-4.08%	+1.35%
Max Drawdown (3Y) Largest decline over 3 years	-7.48%	-4.51%	-2.97%
Max Drawdown (5Y) Largest decline over 5 years	-19.61%	-17.33%	-2.28%
Max Drawdown (10Y) Largest decline over 10 years	-19.61%	-19.77%	+0.16%
Current Drawdown Current decline from peak	-1.20%	-0.36%	-0.84%
Average Drawdown Average peak-to-trough decline	-2.89%	-3.52%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	0.99%	-0.20%

Volatility

LANYX vs. LBNDX - Volatility Comparison

Lord Abbett New York Tax Free Fund (LANYX) has a higher volatility of 1.31% compared to Lord Abbett Bond Debenture Fund (LBNDX) at 1.17%. This indicates that LANYX's price experiences larger fluctuations and is considered to be riskier than LBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LANYX	LBNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.17%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.41%	3.14%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	3.20%	4.05%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.83%	4.69%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.74%	5.04%	-0.30%

LANYX vs. LBNDX - Expense Ratio Comparison

LANYX has a 0.78% expense ratio, which is higher than LBNDX's 0.77% expense ratio.

Dividends

LANYX vs. LBNDX - Dividend Comparison

LANYX's dividend yield for the trailing twelve months is around 3.57%, less than LBNDX's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LANYX Lord Abbett New York Tax Free Fund	3.57%	4.04%	2.93%	2.65%	2.06%	2.10%	2.27%	2.61%	2.58%	2.51%	2.78%	3.08%
LBNDX Lord Abbett Bond Debenture Fund	6.04%	5.92%	5.38%	4.66%	3.67%	3.71%	3.72%	4.02%	6.43%	4.82%	4.58%	5.50%

Frequently Asked Questions

Can I hold both LANYX and LBNDX in my portfolio?

LANYX and LBNDX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LANYX or LBNDX?

LANYX has higher volatility (1.31%) compared to LBNDX (1.17%). In terms of maximum drawdown, LANYX dropped -19.61% vs LBNDX's -26.67%.

Which has better risk-adjusted returns?

LANYX currently has the higher Sharpe Ratio (2.32 vs 2.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.