LCFIX vs. LALDX
LCFIX (Lord Abbett California Tax Free Fund) and LALDX (Lord Abbett Short Duration Income Fund) are both mutual funds - LCFIX is a Municipal Bonds fund managed by Lord Abbett, while LALDX is a Short-Term Bond fund managed by Lord Abbett. Over the past 10 years, LCFIX returned 1.69%/yr vs 2.39%/yr for LALDX. At a 0.43 correlation, their price movements are largely independent. LCFIX charges 0.77%/yr vs 0.58%/yr for LALDX.
Performance
LCFIX vs. LALDX - Performance Comparison
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Returns By Period
In the year-to-date period, LCFIX achieves a 2.02% return, which is significantly higher than LALDX's 0.44% return. Over the past 10 years, LCFIX has underperformed LALDX with an annualized return of 1.69%, while LALDX has yielded a comparatively higher 2.39% annualized return.
LCFIX
- 1D
- -0.10%
- 1M
- 2.12%
- YTD
- 2.02%
- 6M
- 2.43%
- 1Y
- 7.40%
- 3Y*
- 3.48%
- 5Y*
- -0.14%
- 10Y*
- 1.69%
LALDX
- 1D
- -0.26%
- 1M
- 0.14%
- YTD
- 0.44%
- 6M
- 0.84%
- 1Y
- 3.69%
- 3Y*
- 4.68%
- 5Y*
- 1.92%
- 10Y*
- 2.39%
LCFIX vs. LALDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCFIX Lord Abbett California Tax Free Fund | 2.02% | 3.19% | 1.87% | 6.63% | -13.89% | 2.66% | 4.65% | 9.54% | 0.51% | 6.72% |
LALDX Lord Abbett Short Duration Income Fund | 0.44% | 5.70% | 4.48% | 4.76% | -5.48% | 1.17% | 2.98% | 5.42% | 1.24% | 2.30% |
Correlation
The correlation between LCFIX and LALDX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 1993 | 0.43 |
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Return for Risk
LCFIX vs. LALDX — Risk / Return Rank
LCFIX
LALDX
LCFIX vs. LALDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett California Tax Free Fund (LCFIX) 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.
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.
| LCFIX | LALDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.47 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.09 | -0.77 |
| Martin ratioReturn relative to average drawdown | 8.10 | 12.73 | -4.62 |
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Drawdowns
LCFIX vs. LALDX - Drawdown Comparison
The maximum LCFIX drawdown since its inception was -22.34%, which is greater than LALDX's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for LCFIX and LALDX.
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Drawdown Indicators
| LCFIX | LALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -10.58% | -11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -1.29% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -6.95% | -1.29% | -5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -7.60% | -12.25% |
Max Drawdown (10Y)Largest decline over 10 years | -19.85% | -9.67% | -10.18% |
Current DrawdownCurrent decline from peak | -1.91% | -0.52% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -0.82% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.31% | +0.62% |
Volatility
LCFIX vs. LALDX - Volatility Comparison
Lord Abbett California Tax Free Fund (LCFIX) has a higher volatility of 0.92% compared to Lord Abbett Short Duration Income Fund (LALDX) at 0.86%. This indicates that LCFIX'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.
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Volatility by Period
| LCFIX | LALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.86% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 1.98% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 2.49% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 2.71% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 2.61% | +2.29% |
LCFIX vs. LALDX - Expense Ratio Comparison
LCFIX has a 0.77% expense ratio, which is higher than LALDX's 0.58% expense ratio.
Dividends
LCFIX vs. LALDX - Dividend Comparison
LCFIX's dividend yield for the trailing twelve months is around 3.54%, less than LALDX's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LALDX Lord Abbett Short Duration Income Fund | 4.97% | 5.01% | 4.11% | 4.09% | 2.42% | 2.37% | 2.88% | 3.59% | 3.88% | 3.71% | 3.95% | 3.95% |
LCFIX Lord Abbett California Tax Free Fund | 3.54% | 4.07% | 3.04% | 2.77% | 2.02% | 2.19% | 2.40% | 3.01% | 3.09% | 3.05% | 3.35% | 3.37% |
Frequently Asked Questions
LCFIX and LALDX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCFIX has higher volatility (0.92%) compared to LALDX (0.86%). In terms of maximum drawdown, LCFIX dropped -22.34% vs LALDX's -10.58%.
LCFIX currently has the higher Sharpe Ratio (2.32 vs 1.60), 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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