LBNDX vs. LALDX
Compare and contrast key facts about Lord Abbett Bond Debenture Fund (LBNDX) and Lord Abbett Short Duration Income Fund (LALDX).
LBNDX is managed by Lord Abbett. It was launched on Mar 31, 1971. LALDX is managed by Lord Abbett. It was launched on Nov 4, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LBNDX or LALDX.
Key characteristics
| LBNDX | LALDX | |
|---|---|---|
| YTD Return | 7.53% | 5.01% |
| 1Y Return | 15.04% | 8.10% |
| 3Y Return (Ann) | 0.11% | 1.76% |
| 5Y Return (Ann) | 2.67% | 2.07% |
| 10Y Return (Ann) | 4.04% | 2.28% |
| Sharpe Ratio | 4.02 | 2.89 |
| Sortino Ratio | 6.77 | 5.15 |
| Omega Ratio | 1.98 | 1.91 |
| Calmar Ratio | 1.09 | 2.79 |
| Martin Ratio | 33.98 | 30.19 |
| Ulcer Index | 0.47% | 0.26% |
| Daily Std Dev | 4.04% | 2.71% |
| Max Drawdown | -27.33% | -10.22% |
| Current Drawdown | -1.12% | -0.26% |
Correlation
The correlation between LBNDX and LALDX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LBNDX vs. LALDX - Performance Comparison
In the year-to-date period, LBNDX achieves a 7.53% return, which is significantly higher than LALDX's 5.01% return. Over the past 10 years, LBNDX has outperformed LALDX with an annualized return of 4.04%, while LALDX has yielded a comparatively lower 2.28% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LBNDX vs. LALDX - Expense Ratio Comparison
LBNDX has a 0.77% expense ratio, which is higher than LALDX's 0.58% expense ratio.
Risk-Adjusted Performance
LBNDX vs. LALDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Bond Debenture Fund (LBNDX) and Lord Abbett Short Duration Income Fund (LALDX). 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
LBNDX vs. LALDX - Dividend Comparison
LBNDX's dividend yield for the trailing twelve months is around 5.65%, more than LALDX's 4.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBNDX Lord Abbett Bond Debenture Fund | 5.65% | 5.11% | 5.25% | 4.18% | 3.69% | 4.02% | 6.03% | 4.84% | 4.64% | 5.12% | 6.95% | 7.00% |
LALDX Lord Abbett Short Duration Income Fund | 4.86% | 4.50% | 3.57% | 2.73% | 2.86% | 3.60% | 3.89% | 3.75% | 3.99% | 3.97% | 3.81% | 3.85% |
Drawdowns
LBNDX vs. LALDX - Drawdown Comparison
The maximum LBNDX drawdown since its inception was -27.33%, which is greater than LALDX's maximum drawdown of -10.22%. Use the drawdown chart below to compare losses from any high point for LBNDX and LALDX. For additional features, visit the drawdowns tool.
Volatility
LBNDX vs. LALDX - Volatility Comparison
Lord Abbett Bond Debenture Fund (LBNDX) has a higher volatility of 0.86% compared to Lord Abbett Short Duration Income Fund (LALDX) at 0.66%. This indicates that LBNDX's price experiences larger fluctuations and is considered to be riskier than LALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.