LAPIX vs. AGG
LAPIX (Lord Abbett Core Plus Bond Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - LAPIX is a Intermediate Core-Plus Bond fund managed by Lord Abbett, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, LAPIX returned 2.03%/yr vs 1.54%/yr for AGG. Their correlation of 0.87 suggests significant overlap in exposure. LAPIX charges 0.48%/yr vs 0.03%/yr for AGG.
Performance
LAPIX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, LAPIX achieves a 0.18% return, which is significantly lower than AGG's 0.47% return. Over the past 10 years, LAPIX has outperformed AGG with an annualized return of 2.03%, while AGG has yielded a comparatively lower 1.54% annualized return.
LAPIX
- 1D
- -0.24%
- 1M
- 0.67%
- YTD
- 0.18%
- 6M
- 0.61%
- 1Y
- 4.94%
- 3Y*
- 5.04%
- 5Y*
- 0.33%
- 10Y*
- 2.03%
AGG
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 0.47%
- 6M
- 0.55%
- 1Y
- 4.33%
- 3Y*
- 3.96%
- 5Y*
- 0.07%
- 10Y*
- 1.54%
LAPIX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAPIX Lord Abbett Core Plus Bond Fund | 0.18% | 7.63% | 3.12% | 6.31% | -14.72% | 0.29% | 7.43% | 10.10% | -0.70% | 3.97% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.47% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between LAPIX and AGG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.87 |
The correlation between LAPIX and AGG has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
LAPIX vs. AGG — Risk / Return Rank
LAPIX
AGG
LAPIX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPIX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| LAPIX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.57 | +0.05 |
| Martin ratioReturn relative to average drawdown | 4.88 | 4.54 | +0.35 |
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Drawdowns
LAPIX vs. AGG - Drawdown Comparison
The maximum LAPIX drawdown since its inception was -18.94%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for LAPIX and AGG.
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Drawdown Indicators
| LAPIX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -18.43% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -2.76% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -6.11% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -17.82% | -1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -18.43% | -0.51% |
Current DrawdownCurrent decline from peak | -1.57% | -1.93% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.71% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.96% | +0.10% |
Volatility
LAPIX vs. AGG - Volatility Comparison
The current volatility for Lord Abbett Core Plus Bond Fund (LAPIX) is 1.04%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.10%. This indicates that LAPIX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAPIX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.10% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.83% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.81% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 6.10% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 5.41% | -0.75% |
LAPIX vs. AGG - Expense Ratio Comparison
LAPIX has a 0.48% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
LAPIX vs. AGG - Dividend Comparison
LAPIX's dividend yield for the trailing twelve months is around 5.20%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
LAPIX Lord Abbett Core Plus Bond Fund | 5.20% | 5.20% | 5.05% | 4.32% | 2.95% | 2.42% | 4.45% | 4.00% | 4.15% | 2.57% | 0.65% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, LAPIX and AGG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AGG has higher volatility (1.10%) compared to LAPIX (1.04%). In terms of maximum drawdown, LAPIX dropped -18.94% vs AGG's -18.43%.
LAPIX currently has the higher Sharpe Ratio (1.35 vs 1.14), 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.
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