LFRAX vs. LSYAX

Last updated Aug 1, 2026

LFRAX (Lord Abbett Floating Rate Fund Class A) and LSYAX (Lord Abbett Short Duration High Yield Fund) are both mutual funds - LFRAX is a Bank Loan fund actively 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. LFRAX is actively managed, while LSYAX is passively managed. Over the past 5 years, LFRAX returned 5.31%/yr vs 4.25%/yr for LSYAX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. LFRAX charges 0.80%/yr vs 0.65%/yr for LSYAX.

Performance

LFRAX vs. LSYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Floating Rate Fund Class A (LFRAX) and Lord Abbett Short Duration High Yield Fund (LSYAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFRAX achieves a 2.34% return, which is significantly higher than LSYAX's 1.63% return.

LFRAX

• 1D: 0.13%
• 1M: -0.12%
• 6M: 2.30%
• YTD: 2.34%
• 1Y: 5.32%
• 3Y*: 6.85%
• 5Y*: 5.31%
• 10Y*: 4.27%
• ALL TIME*: 3.87%

LSYAX

• 1D: 0.10%
• 1M: -0.93%
• 6M: 0.77%
• YTD: 1.63%
• 1Y: 5.24%
• 3Y*: 7.56%
• 5Y*: 4.25%
• 10Y*: —
• ALL TIME*: 6.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LFRAX Lord Abbett Floating Rate Fund Class A	$0.00	$0.00	$0.00
LSYAX Lord Abbett Short Duration High Yield Fund	$0.00	$0.00	$0.00

LFRAX vs. LSYAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LFRAX Lord Abbett Floating Rate Fund Class A	2.34%	6.09%	8.07%	11.89%	-3.00%	5.16%	13.30%
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 LFRAX and LSYAX is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020	0.60

The correlation between LFRAX and LSYAX has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.

Return for Risk

LFRAX vs. LSYAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LFRAX

LFRAX Risk / Return Rank: 95
LFRAX Sharpe Ratio Rank: 92
LFRAX Sortino Ratio Rank: 98
LFRAX Omega Ratio Rank: 98
LFRAX Calmar Ratio Rank: 93
LFRAX Martin Ratio Rank: 92

LSYAX

LSYAX Risk / Return Rank: 75
LSYAX Sharpe Ratio Rank: 70
LSYAX Sortino Ratio Rank: 84
LSYAX Omega Ratio Rank: 81
LSYAX Calmar Ratio Rank: 60
LSYAX Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LFRAX vs. LSYAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund Class A (LFRAX) 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.

	LFRAX	LSYAX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.61	+0.76
Sortino ratio: Return per unit of downside risk	5.53	2.96	+2.58
Omega ratio: Gain probability vs. loss probability	1.85	1.37	+0.48
Calmar ratio: Return relative to maximum drawdown	3.88	2.02	+1.86
Martin ratio: Return relative to average drawdown	13.65	9.27	+4.37

LFRAX vs. LSYAX - Sharpe Ratio Comparison

The current LFRAX Sharpe Ratio is 2.38, which is higher than the LSYAX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of LFRAX and LSYAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LFRAX vs. LSYAX - Drawdown Comparison

The maximum LFRAX drawdown since its inception was -28.54%, which is greater than LSYAX's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for LFRAX and LSYAX.

Drawdown Indicators

	LFRAX	LSYAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-10.79%	-17.75%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-2.84%	+1.38%
Max Drawdown (3Y) Largest decline over 3 years	-2.61%	-5.30%	+2.69%
Max Drawdown (5Y) Largest decline over 5 years	-6.41%	-10.79%	+4.38%
Max Drawdown (10Y) Largest decline over 10 years	-21.78%	—	—
Current Drawdown Current decline from peak	-0.25%	-1.03%	+0.78%
Average Drawdown Average peak-to-trough decline	-2.07%	-1.83%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.62%	-0.21%

Volatility

LFRAX vs. LSYAX - Volatility Comparison

The current volatility for Lord Abbett Floating Rate Fund Class A (LFRAX) is 0.40%, while Lord Abbett Short Duration High Yield Fund (LSYAX) has a volatility of 0.51%. This indicates that LFRAX experiences smaller price fluctuations and is considered to be less risky than LSYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFRAX	LSYAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	0.51%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	1.80%	2.89%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	2.39%	3.56%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.85%	4.30%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	4.17%	-0.29%

LFRAX vs. LSYAX - Expense Ratio Comparison

LFRAX has a 0.80% expense ratio, which is higher than LSYAX's 0.65% expense ratio.

Dividends

LFRAX vs. LSYAX - Dividend Comparison

LFRAX's dividend yield for the trailing twelve months is around 6.05%, less than LSYAX's 7.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFRAX Lord Abbett Floating Rate Fund Class A	6.05%	7.00%	7.49%	7.47%	3.81%	3.83%	4.43%	5.51%	5.40%	4.46%	4.45%	4.52%
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%	0.00%

Frequently Asked Questions

Can I hold both LFRAX and LSYAX in my portfolio?

LFRAX and LSYAX 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.

Which is riskier, LFRAX or LSYAX?

LSYAX has higher volatility (0.51%) compared to LFRAX (0.40%). In terms of maximum drawdown, LFRAX dropped -28.54% vs LSYAX's -10.79%.

Which has better risk-adjusted returns?

LFRAX currently has the higher Sharpe Ratio (2.38 vs 1.61), 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.