LAPIX vs. FSRIX
Compare and contrast key facts about Lord Abbett Core Plus Bond Fund (LAPIX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX).
LAPIX is managed by Lord Abbett. It was launched on Dec 8, 2015. FSRIX is managed by Fidelity. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LAPIX or FSRIX.
Correlation
The correlation between LAPIX and FSRIX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LAPIX vs. FSRIX - Performance Comparison
Key characteristics
LAPIX:
1.37
FSRIX:
1.68
LAPIX:
2.05
FSRIX:
2.51
LAPIX:
1.25
FSRIX:
1.31
LAPIX:
0.65
FSRIX:
1.24
LAPIX:
4.34
FSRIX:
6.68
LAPIX:
1.58%
FSRIX:
0.96%
LAPIX:
4.99%
FSRIX:
3.82%
LAPIX:
-18.10%
FSRIX:
-17.71%
LAPIX:
-4.23%
FSRIX:
-2.05%
Returns By Period
In the year-to-date period, LAPIX achieves a 0.88% return, which is significantly higher than FSRIX's -0.17% return.
LAPIX
0.88%
-1.49%
-0.14%
6.85%
1.20%
N/A
FSRIX
-0.17%
-1.21%
-0.69%
6.41%
3.37%
2.90%
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LAPIX vs. FSRIX - Expense Ratio Comparison
LAPIX has a 0.48% expense ratio, which is lower than FSRIX's 0.71% expense ratio.
Risk-Adjusted Performance
LAPIX vs. FSRIX — Risk-Adjusted Performance Rank
LAPIX
FSRIX
LAPIX vs. FSRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPIX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX). 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
LAPIX vs. FSRIX - Dividend Comparison
LAPIX's dividend yield for the trailing twelve months is around 5.50%, more than FSRIX's 4.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAPIX Lord Abbett Core Plus Bond Fund | 5.50% | 5.51% | 5.19% | 3.98% | 2.93% | 4.46% | 4.00% | 4.15% | 3.42% | 4.51% | 0.24% | 0.00% |
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.14% | 4.16% | 4.28% | 3.65% | 2.69% | 3.30% | 3.41% | 3.63% | 3.35% | 3.48% | 3.68% | 5.26% |
Drawdowns
LAPIX vs. FSRIX - Drawdown Comparison
The maximum LAPIX drawdown since its inception was -18.10%, roughly equal to the maximum FSRIX drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for LAPIX and FSRIX. For additional features, visit the drawdowns tool.
Volatility
LAPIX vs. FSRIX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPIX) has a higher volatility of 2.17% compared to Fidelity Advisor Strategic Income Fund Class I (FSRIX) at 1.63%. This indicates that LAPIX's price experiences larger fluctuations and is considered to be riskier than FSRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.