LAPIX vs. LSYIX
LAPIX (Lord Abbett Core Plus Bond Fund) and LSYIX (Lord Abbett Short Duration High Yield Fund) are both mutual funds - LAPIX is a Intermediate Core-Plus Bond fund managed by Lord Abbett, while LSYIX is a High Yield Bonds fund managed by Lord Abbett. Over the past 5 years, LAPIX returned 0.34%/yr vs 4.57%/yr for LSYIX. A 0.51 correlation means they provide meaningful diversification when combined. LAPIX charges 0.48%/yr vs 0.45%/yr for LSYIX.
Performance
LAPIX vs. LSYIX - Performance Comparison
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Returns By Period
In the year-to-date period, LAPIX achieves a 0.26% return, which is significantly lower than LSYIX's 2.13% return.
LAPIX
- 1D
- 0.08%
- 1M
- 0.75%
- YTD
- 0.26%
- 6M
- 0.53%
- 1Y
- 4.70%
- 3Y*
- 5.07%
- 5Y*
- 0.34%
- 10Y*
- 2.04%
LSYIX
- 1D
- -0.21%
- 1M
- 0.66%
- YTD
- 2.13%
- 6M
- 2.89%
- 1Y
- 7.59%
- 3Y*
- 8.76%
- 5Y*
- 4.57%
- 10Y*
- —
LAPIX vs. LSYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LAPIX Lord Abbett Core Plus Bond Fund | 0.26% | 7.63% | 3.12% | 6.31% | -14.72% | 0.29% | 9.40% |
LSYIX Lord Abbett Short Duration High Yield Fund | 2.13% | 7.71% | 8.65% | 10.63% | -7.19% | 4.69% | 14.35% |
Correlation
The correlation between LAPIX and LSYIX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.51 |
The correlation between LAPIX and LSYIX has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
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Return for Risk
LAPIX vs. LSYIX — Risk / Return Rank
LAPIX
LSYIX
LAPIX vs. LSYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPIX) and Lord Abbett Short Duration High Yield Fund (LSYIX). 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 | LSYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.52 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.77 | -1.20 |
| Martin ratioReturn relative to average drawdown | 4.71 | 13.49 | -8.78 |
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Drawdowns
LAPIX vs. LSYIX - Drawdown Comparison
The maximum LAPIX drawdown since its inception was -18.94%, which is greater than LSYIX's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for LAPIX and LSYIX.
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Drawdown Indicators
| LAPIX | LSYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -10.79% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -2.83% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -5.29% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -10.79% | -8.15% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -0.41% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -1.84% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.58% | +0.49% |
Volatility
LAPIX vs. LSYIX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPIX) and Lord Abbett Short Duration High Yield Fund (LSYIX) have volatilities of 1.04% and 1.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAPIX | LSYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.01% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.82% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.57% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 4.33% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 4.22% | +0.44% |
LAPIX vs. LSYIX - Expense Ratio Comparison
LAPIX has a 0.48% expense ratio, which is higher than LSYIX's 0.45% expense ratio.
Dividends
LAPIX vs. LSYIX - Dividend Comparison
LAPIX's dividend yield for the trailing twelve months is around 5.20%, less than LSYIX's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LSYIX Lord Abbett Short Duration High Yield Fund | 8.09% | 8.11% | 8.18% | 6.51% | 5.01% | 5.96% | 4.75% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LAPIX and LSYIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAPIX has higher volatility (1.04%) compared to LSYIX (1.01%). In terms of maximum drawdown, LAPIX dropped -18.94% vs LSYIX's -10.79%.
LSYIX currently has the higher Sharpe Ratio (2.20 vs 1.31), 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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