LAPLX vs. LSYAX
LAPLX (Lord Abbett Core Plus Bond Fund) and LSYAX (Lord Abbett Short Duration High Yield Fund) are both mutual funds - LAPLX is a Intermediate Core-Plus Bond fund managed by Lord Abbett, while LSYAX is a High Yield Bonds fund tracking the ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index. Over the past 5 years, LAPLX returned -0.44%/yr vs 4.25%/yr for LSYAX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. LAPLX charges 0.68%/yr vs 0.65%/yr for LSYAX.
Performance
LAPLX vs. LSYAX - Performance Comparison
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Returns By Period
In the year-to-date period, LAPLX achieves a -1.06% return, which is significantly lower than LSYAX's 1.63% return.
LAPLX
- 1D
- -0.24%
- 1M
- -1.65%
- 6M
- -1.32%
- YTD
- -1.06%
- 1Y
- 1.68%
- 3Y*
- 4.23%
- 5Y*
- -0.44%
- 10Y*
- 1.56%
- ALL TIME*
- 1.89%
LSYAX
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 0.67%
- YTD
- 1.63%
- 1Y
- 5.24%
- 3Y*
- 7.64%
- 5Y*
- 4.25%
- 10Y*
- —
- ALL TIME*
- 6.12%
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 |
LAPLX vs. LSYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | -1.06% | 7.42% | 2.49% | 6.12% | -14.77% | 0.13% | 9.17% |
LSYAX Lord Abbett Short Duration High Yield Fund | 1.63% | 7.50% | 8.46% | 10.60% | -7.21% | 4.50% | 14.22% |
Correlation
The correlation between LAPLX and LSYAX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.51 |
The correlation between LAPLX and LSYAX shifts across timeframes, from 0.51 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LAPLX vs. LSYAX — Risk / Return Rank
LAPLX
LSYAX
LAPLX vs. LSYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPLX) and Lord Abbett Short Duration High Yield Fund (LSYAX). 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.
| LAPLX | LSYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.33 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.82 | -1.07 |
| Martin ratioReturn relative to average drawdown | 1.96 | 8.29 | -6.33 |
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Drawdowns
LAPLX vs. LSYAX - Drawdown Comparison
The maximum LAPLX drawdown since its inception was -19.06%, which is greater than LSYAX's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for LAPLX and LSYAX.
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Drawdown Indicators
| LAPLX | LSYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.06% | -10.79% | -8.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -2.84% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.79% | -5.30% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -10.79% | -8.27% |
Max Drawdown (10Y)Largest decline over 10 years | -19.06% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -1.03% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -1.82% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.62% | +0.61% |
Volatility
LAPLX vs. LSYAX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPLX) has a higher volatility of 0.98% compared to Lord Abbett Short Duration High Yield Fund (LSYAX) at 0.51%. This indicates that LAPLX's price experiences larger fluctuations and is considered to be riskier than LSYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAPLX | LSYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.51% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.88% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 3.56% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 4.30% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.17% | +0.47% |
LAPLX vs. LSYAX - Expense Ratio Comparison
LAPLX has a 0.68% expense ratio, which is higher than LSYAX's 0.65% expense ratio.
Dividends
LAPLX vs. LSYAX - Dividend Comparison
LAPLX's dividend yield for the trailing twelve months is around 4.63%, less than LSYAX's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | 4.63% | 5.01% | 4.43% | 4.15% | 2.79% | 2.26% | 4.27% | 3.79% | 3.94% | 2.41% | 0.65% |
LSYAX Lord Abbett Short Duration High Yield Fund | 7.29% | 7.91% | 8.01% | 6.38% | 4.86% | 5.77% | 4.64% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LAPLX and LSYAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAPLX has higher volatility (0.98%) compared to LSYAX (0.51%). In terms of maximum drawdown, LAPLX dropped -19.06% vs LSYAX's -10.79%.
LSYAX currently has the higher Sharpe Ratio (1.47 vs 0.64), 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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