LHYAX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Lord Abbett High Yield Fund (LHYAX) and S&P 500 Index (^GSPC).

LHYAX is managed by Lord Abbett. It was launched on Dec 31, 1998.

Performance

LHYAX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett High Yield Fund (LHYAX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

LHYAX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LHYAX Lord Abbett High Yield Fund	-1.34%	7.44%	7.25%	9.84%	-14.97%	6.16%	4.56%	15.11%	-5.10%	8.53%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, LHYAX achieves a -1.34% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, LHYAX has underperformed ^GSPC with an annualized return of 4.71%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

LHYAX

• 1D: 0.65%
• 1M: -2.05%
• YTD: -1.34%
• 6M: -0.00%
• 1Y: 5.50%
• 3Y*: 6.74%
• 5Y*: 2.05%
• 10Y*: 4.71%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

LHYAX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LHYAX

LHYAX Risk / Return Rank: 69
LHYAX Sharpe Ratio Rank: 72
LHYAX Sortino Ratio Rank: 71
LHYAX Omega Ratio Rank: 77
LHYAX Calmar Ratio Rank: 63
LHYAX Martin Ratio Rank: 60

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LHYAX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) and S&P 500 Index (^GSPC). 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.

	LHYAX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.34	0.92	+0.42
Sortino ratio Return per unit of downside risk	1.86	1.41	+0.45
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.09
Calmar ratio Return relative to maximum drawdown	1.57	1.41	+0.16
Martin ratio Return relative to average drawdown	6.06	6.61	-0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LHYAX vs. ^GSPC - Sharpe Ratio Comparison

The current LHYAX Sharpe Ratio is 1.34, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of LHYAX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LHYAX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	0.92	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.61	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.68	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	0.46	+0.68

Correlation

The correlation between LHYAX and ^GSPC is 0.36, 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.

Drawdowns

LHYAX vs. ^GSPC - Drawdown Comparison

The maximum LHYAX drawdown since its inception was -31.68%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LHYAX and ^GSPC.

Drawdown Indicators

	LHYAX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-56.78%	+25.10%
Max Drawdown (1Y) Largest decline over 1 year	-3.80%	-12.14%	+8.34%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-25.43%	+6.76%
Max Drawdown (10Y) Largest decline over 10 years	-24.23%	-33.92%	+9.69%
Current Drawdown Current decline from peak	-2.39%	-5.78%	+3.39%
Average Drawdown Average peak-to-trough decline	-3.09%	-10.75%	+7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	2.60%	-1.61%

Volatility

LHYAX vs. ^GSPC - Volatility Comparison

The current volatility for Lord Abbett High Yield Fund (LHYAX) is 1.61%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that LHYAX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LHYAX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	5.37%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	2.65%	9.55%	-6.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.25%	18.33%	-14.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.04%	16.90%	-11.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.72%	18.05%	-12.33%