LAPIX vs. LUBYX
LAPIX (Lord Abbett Core Plus Bond Fund) and LUBYX (Lord Abbett Ultra Short Bond Fund) are both mutual funds - LAPIX is a Intermediate Core-Plus Bond fund managed by Lord Abbett, while LUBYX is a Ultrashort Bond fund managed by Lord Abbett. Over the past 5 years, LAPIX returned 0.51%/yr vs 3.35%/yr for LUBYX. At a 0.47 correlation, their price movements are largely independent. LAPIX charges 0.48%/yr vs 0.28%/yr for LUBYX.
Performance
LAPIX vs. LUBYX - Performance Comparison
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Returns By Period
In the year-to-date period, LAPIX achieves a 0.50% return, which is significantly lower than LUBYX's 1.44% return.
LAPIX
- 1D
- 0.08%
- 1M
- 0.59%
- YTD
- 0.50%
- 6M
- 0.54%
- 1Y
- 6.10%
- 3Y*
- 5.13%
- 5Y*
- 0.51%
- 10Y*
- 2.08%
LUBYX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.44%
- 6M
- 1.81%
- 1Y
- 4.51%
- 3Y*
- 5.15%
- 5Y*
- 3.35%
- 10Y*
- —
LAPIX vs. LUBYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAPIX Lord Abbett Core Plus Bond Fund | 0.50% | 7.63% | 3.12% | 6.31% | -14.72% | 0.29% | 7.43% | 10.10% | -0.70% | 3.97% |
LUBYX Lord Abbett Ultra Short Bond Fund | 1.44% | 4.99% | 5.70% | 5.16% | -0.38% | 0.07% | 1.27% | 3.00% | 2.09% | 0.73% |
Correlation
The correlation between LAPIX and LUBYX 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 | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2016 | 0.47 |
The correlation between LAPIX and LUBYX has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
LAPIX vs. LUBYX — Risk / Return Rank
LAPIX
LUBYX
LAPIX vs. LUBYX - 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 Ultra Short Bond Fund (LUBYX). 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.
| LAPIX | LUBYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -7.88 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 3.41 | -2.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 11.11 | -9.20 |
| Martin ratioReturn relative to average drawdown | 6.06 | 52.32 | -46.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LAPIX | LUBYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 3.20 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 2.46 | -2.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 2.22 | -1.73 |
Drawdowns
LAPIX vs. LUBYX - Drawdown Comparison
The maximum LAPIX drawdown since its inception was -18.94%, which is greater than LUBYX's maximum drawdown of -2.59%. Use the drawdown chart below to compare losses from any high point for LAPIX and LUBYX.
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Drawdown Indicators
| LAPIX | LUBYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -2.59% | -16.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -0.40% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -0.50% | -4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -1.86% | -17.08% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | 0.00% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -0.17% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.08% | +0.93% |
Volatility
LAPIX vs. LUBYX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPIX) has a higher volatility of 1.43% compared to Lord Abbett Ultra Short Bond Fund (LUBYX) at 0.40%. This indicates that LAPIX's price experiences larger fluctuations and is considered to be riskier than LUBYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAPIX | LUBYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.40% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 0.95% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 1.38% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 1.37% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 1.12% | +3.53% |
LAPIX vs. LUBYX - Expense Ratio Comparison
LAPIX has a 0.48% expense ratio, which is higher than LUBYX's 0.28% expense ratio.
Dividends
LAPIX vs. LUBYX - Dividend Comparison
LAPIX's dividend yield for the trailing twelve months is around 5.18%, more than LUBYX's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LAPIX Lord Abbett Core Plus Bond Fund | 5.18% | 5.20% | 5.05% | 4.32% | 2.95% | 2.42% | 4.45% | 4.00% | 4.15% | 2.57% | 0.65% |
LUBYX Lord Abbett Ultra Short Bond Fund | 4.41% | 4.66% | 4.72% | 3.69% | 1.33% | 0.57% | 1.16% | 2.55% | 2.27% | 0.52% | 0.00% |
Frequently Asked Questions
LAPIX and LUBYX 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.
LAPIX has higher volatility (1.43%) compared to LUBYX (0.40%). In terms of maximum drawdown, LAPIX dropped -18.94% vs LUBYX's -2.59%.
LUBYX currently has the higher Sharpe Ratio (3.20 vs 1.57), 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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