LBNDX vs. PTY
LBNDX (Lord Abbett Bond Debenture Fund) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - LBNDX is a Multisector Bonds fund managed by Lord Abbett, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 10 years, LBNDX returned 3.93%/yr vs 8.61%/yr for PTY. At a 0.33 correlation, their price movements are largely independent. LBNDX charges 0.77%/yr vs 1.19%/yr for PTY.
Performance
LBNDX vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, LBNDX achieves a 1.16% return, which is significantly higher than PTY's -1.00% return. Over the past 10 years, LBNDX has underperformed PTY with an annualized return of 3.93%, while PTY has yielded a comparatively higher 8.61% annualized return.
LBNDX
- 1D
- -0.14%
- 1M
- -0.18%
- 6M
- 0.61%
- YTD
- 1.16%
- 1Y
- 6.24%
- 3Y*
- 6.91%
- 5Y*
- 1.37%
- 10Y*
- 3.93%
PTY
- 1D
- -0.26%
- 1M
- 2.80%
- 6M
- -3.18%
- YTD
- -1.00%
- 1Y
- -3.54%
- 3Y*
- 6.02%
- 5Y*
- -0.18%
- 10Y*
- 8.61%
LBNDX vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LBNDX Lord Abbett Bond Debenture Fund | 1.16% | 8.42% | 6.29% | 6.38% | -13.67% | 3.25% | 7.65% | 13.40% | -3.76% | 9.23% |
PTY PIMCO Corporate & Income Opportunity Fund | -1.00% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
Correlation
The correlation between LBNDX and PTY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | 0.33 |
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Return for Risk
LBNDX vs. PTY — Risk / Return Rank
LBNDX
PTY
LBNDX vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Bond Debenture Fund (LBNDX) and PIMCO Corporate & Income Opportunity Fund (PTY). 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.
| LBNDX | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.95 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.23 | +1.69 |
| Martin ratioReturn relative to average drawdown | 5.85 | -0.42 | +6.27 |
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Drawdowns
LBNDX vs. PTY - Drawdown Comparison
The maximum LBNDX drawdown since its inception was -26.67%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for LBNDX and PTY.
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Drawdown Indicators
| LBNDX | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.67% | -60.86% | +34.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -15.44% | +11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -16.04% | +11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -41.38% | +24.05% |
Max Drawdown (10Y)Largest decline over 10 years | -19.77% | -46.55% | +26.78% |
Current DrawdownCurrent decline from peak | -0.82% | -10.15% | +9.33% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -8.62% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 8.46% | -7.44% |
Volatility
LBNDX vs. PTY - Volatility Comparison
The current volatility for Lord Abbett Bond Debenture Fund (LBNDX) is 0.97%, while PIMCO Corporate & Income Opportunity Fund (PTY) has a volatility of 2.42%. This indicates that LBNDX experiences smaller price fluctuations and is considered to be less risky than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBNDX | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.42% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 7.51% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 11.02% | -6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 17.25% | -12.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 21.18% | -16.18% |
LBNDX vs. PTY - Expense Ratio Comparison
LBNDX has a 0.77% expense ratio, which is lower than PTY's 1.19% expense ratio.
Dividends
LBNDX vs. PTY - Dividend Comparison
LBNDX's dividend yield for the trailing twelve months is around 6.12%, less than PTY's 11.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBNDX Lord Abbett Bond Debenture Fund | 6.12% | 5.92% | 5.38% | 4.66% | 3.67% | 3.71% | 3.72% | 4.02% | 6.43% | 4.82% | 4.58% | 5.50% |
PTY PIMCO Corporate & Income Opportunity Fund | 11.94% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
Frequently Asked Questions
LBNDX and PTY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.42%) compared to LBNDX (0.97%). In terms of maximum drawdown, LBNDX dropped -26.67% vs PTY's -60.86%.
LBNDX currently has the higher Sharpe Ratio (1.48 vs -0.32), 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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