LANYX vs. LBNDX
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 1.51%/yr vs 3.81%/yr for LBNDX. Their 0.24 correlation means their historical movements had little consistent relationship. LANYX charges 0.78%/yr vs 0.77%/yr for LBNDX.
Performance
LANYX vs. LBNDX - Performance Comparison
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Returns By Period
In the year-to-date period, LANYX achieves a 0.98% return, which is significantly higher than LBNDX's 0.17% return. Over the past 10 years, LANYX has underperformed LBNDX with an annualized return of 1.51%, while LBNDX has yielded a comparatively higher 3.81% annualized return.
LANYX
- 1D
- -0.29%
- 1M
- -2.16%
- 6M
- 0.39%
- YTD
- 0.98%
- 1Y
- 5.93%
- 3Y*
- 2.86%
- 5Y*
- -0.47%
- 10Y*
- 1.51%
- ALL TIME*
- 4.06%
LBNDX
- 1D
- 0.28%
- 1M
- -1.39%
- 6M
- -0.75%
- YTD
- 0.17%
- 1Y
- 4.23%
- 3Y*
- 6.05%
- 5Y*
- 1.16%
- 10Y*
- 3.81%
- ALL TIME*
- 5.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
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 | 0.98% | 2.80% | 1.62% | 7.89% | -13.80% | 3.41% | 4.54% | 8.41% | 0.98% | 4.68% |
LBNDX Lord Abbett Bond Debenture Fund | 0.17% | 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 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 1984 | 0.24 |
Over the past year, LANYX and LBNDX have become more correlated (0.57) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
LANYX vs. LBNDX — Risk / Return Rank
LANYX
LBNDX
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LANYX | LBNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.23 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.21 | +1.37 |
| Martin ratioReturn relative to average drawdown | 8.98 | 4.57 | +4.41 |
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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.
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Drawdown Indicators
| LANYX | LBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -6.39% | -4.51% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -17.33% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -19.77% | +0.16% |
Current DrawdownCurrent decline from peak | -2.40% | -1.79% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -3.51% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.07% | -0.29% |
Volatility
LANYX vs. LBNDX - Volatility Comparison
Lord Abbett New York Tax Free Fund (LANYX) has a higher volatility of 1.06% compared to Lord Abbett Bond Debenture Fund (LBNDX) at 0.83%. 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.
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Volatility by Period
| LANYX | LBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.83% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 3.25% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 4.08% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 4.71% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 5.00% | -0.25% |
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 3.35%, less than LBNDX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LANYX Lord Abbett New York Tax Free Fund | 3.35% | 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 | 5.67% | 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
LANYX and LBNDX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LANYX has higher volatility (1.06%) compared to LBNDX (0.83%). In terms of maximum drawdown, LANYX dropped -19.61% vs LBNDX's -26.67%.
LANYX currently has the higher Sharpe Ratio (2.16 vs 1.21), 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.
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