LFRIX vs. LLDYX
LFRIX (Lord Abbett Floating Rate Fund) and LLDYX (Lord Abbett Short Duration Income Fund) are both mutual funds - LFRIX is a Bank Loan fund managed by Lord Abbett, while LLDYX is a Total Bond Market fund managed by Lord Abbett. Over the past 10 years, LFRIX returned 4.48%/yr vs 2.65%/yr for LLDYX. Their 0.28 correlation means their historical movements had little consistent relationship. LFRIX charges 0.60%/yr vs 0.38%/yr for LLDYX.
Performance
LFRIX vs. LLDYX - Performance Comparison
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Returns By Period
In the year-to-date period, LFRIX achieves a 2.45% return, which is significantly higher than LLDYX's 0.93% return. Over the past 10 years, LFRIX has outperformed LLDYX with an annualized return of 4.48%, while LLDYX has yielded a comparatively lower 2.65% annualized return.
LFRIX
- 1D
- 0.12%
- 1M
- -0.12%
- 6M
- 2.38%
- YTD
- 2.45%
- 1Y
- 5.52%
- 3Y*
- 7.05%
- 5Y*
- 5.50%
- 10Y*
- 4.48%
- ALL TIME*
- 4.13%
LLDYX
- 1D
- 0.26%
- 1M
- -0.26%
- 6M
- 0.51%
- YTD
- 0.93%
- 1Y
- 3.12%
- 3Y*
- 5.06%
- 5Y*
- 2.33%
- 10Y*
- 2.65%
- ALL TIME*
- 2.94%
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 |
LFRIX vs. LLDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 2.45% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
LLDYX Lord Abbett Short Duration Income Fund | 0.93% | 6.19% | 5.13% | 5.41% | -5.35% | 1.07% | 3.17% | 5.64% | 1.47% | 2.74% |
Correlation
The correlation between LFRIX and LLDYX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.28 |
The correlation between LFRIX and LLDYX shifts across timeframes, from 0.19 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LFRIX vs. LLDYX — Risk / Return Rank
LFRIX
LLDYX
LFRIX vs. LLDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) and Lord Abbett Short Duration Income Fund (LLDYX). 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.
| LFRIX | LLDYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.63 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.22 | +0.57 |
| Martin ratioReturn relative to average drawdown | 14.02 | 11.99 | +2.03 |
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Drawdowns
LFRIX vs. LLDYX - Drawdown Comparison
The maximum LFRIX drawdown since its inception was -27.90%, which is greater than LLDYX's maximum drawdown of -10.54%. Use the drawdown chart below to compare losses from any high point for LFRIX and LLDYX.
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Drawdown Indicators
| LFRIX | LLDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -10.54% | -17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -1.29% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -2.59% | -1.29% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -7.43% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | -9.67% | -12.08% |
Current DrawdownCurrent decline from peak | -0.25% | -0.26% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -1.19% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.34% | +0.08% |
Volatility
LFRIX vs. LLDYX - Volatility Comparison
The current volatility for Lord Abbett Floating Rate Fund (LFRIX) is 0.31%, while Lord Abbett Short Duration Income Fund (LLDYX) has a volatility of 0.54%. This indicates that LFRIX experiences smaller price fluctuations and is considered to be less risky than LLDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFRIX | LLDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.54% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 1.71% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 2.35% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 2.76% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 2.59% | +1.32% |
LFRIX vs. LLDYX - Expense Ratio Comparison
LFRIX has a 0.60% expense ratio, which is higher than LLDYX's 0.38% expense ratio.
Dividends
LFRIX vs. LLDYX - Dividend Comparison
LFRIX's dividend yield for the trailing twelve months is around 6.24%, more than LLDYX's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 6.24% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
LLDYX Lord Abbett Short Duration Income Fund | 4.67% | 5.21% | 4.73% | 4.71% | 2.58% | 2.52% | 3.06% | 3.79% | 4.11% | 3.90% | 4.15% | 4.15% |
Frequently Asked Questions
LFRIX and LLDYX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLDYX has higher volatility (0.54%) compared to LFRIX (0.31%). In terms of maximum drawdown, LFRIX dropped -27.90% vs LLDYX's -10.54%.
LFRIX currently has the higher Sharpe Ratio (2.42 vs 1.77), 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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