LHYAX vs. LISAX

Last updated Jun 4, 2026

LHYAX (Lord Abbett High Yield Fund) and LISAX (Lord Abbett Intermediate Tax Free Fund) are both mutual funds - LHYAX is a High Yield Bonds fund managed by Lord Abbett, while LISAX is a Municipal Bonds fund managed by Lord Abbett. Over the past 10 years, LHYAX returned 4.61%/yr vs 1.99%/yr for LISAX. At a 0.18 correlation, their price movements are largely independent. LHYAX charges 0.88%/yr vs 0.71%/yr for LISAX.

Performance

LHYAX vs. LISAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett High Yield Fund (LHYAX) and Lord Abbett Intermediate Tax Free Fund (LISAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LHYAX achieves a 1.86% return, which is significantly higher than LISAX's 1.45% return. Over the past 10 years, LHYAX has outperformed LISAX with an annualized return of 4.61%, while LISAX has yielded a comparatively lower 1.99% annualized return.

LHYAX

• 1D: 0.00%
• 1M: 0.57%
• YTD: 1.86%
• 6M: 2.48%
• 1Y: 7.95%
• 3Y*: 7.72%
• 5Y*: 2.35%
• 10Y*: 4.61%

LISAX

• 1D: 0.10%
• 1M: 0.68%
• YTD: 1.45%
• 6M: 1.84%
• 1Y: 6.73%
• 3Y*: 4.18%
• 5Y*: 0.72%
• 10Y*: 1.99%

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

LHYAX vs. LISAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LHYAX Lord Abbett High Yield Fund	1.86%	7.44%	7.25%	9.84%	-14.97%	6.16%	4.56%	15.11%	-5.10%	8.53%
LISAX Lord Abbett Intermediate Tax Free Fund	1.45%	5.22%	2.15%	5.89%	-10.61%	2.08%	4.16%	7.85%	1.14%	5.09%

Correlation

The correlation between LHYAX and LISAX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
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	0.32
Correlation (All Time) Calculated using the full available price history since Jul 1, 2003	0.18

Over the past year, LHYAX and LISAX have become more correlated (0.46) than their long-term average of 0.18, meaning their price movements have been converging.

Return for Risk

LHYAX vs. LISAX — Risk / Return Rank

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

LHYAX

LHYAX Risk / Return Rank: 67
LHYAX Sharpe Ratio Rank: 58
LHYAX Sortino Ratio Rank: 82
LHYAX Omega Ratio Rank: 81
LHYAX Calmar Ratio Rank: 50
LHYAX Martin Ratio Rank: 62

LISAX

LISAX Risk / Return Rank: 66
LISAX Sharpe Ratio Rank: 86
LISAX Sortino Ratio Rank: 89
LISAX Omega Ratio Rank: 94
LISAX Calmar Ratio Rank: 32
LISAX Martin Ratio Rank: 30

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. LISAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) and Lord Abbett Intermediate Tax Free Fund (LISAX). 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	LISAX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.78	-0.53
Sortino ratio: Return per unit of downside risk	3.89	4.33	-0.45
Omega ratio: Gain probability vs. loss probability	1.54	1.76	-0.22
Calmar ratio: Return relative to maximum drawdown	2.70	2.15	+0.55
Martin ratio: Return relative to average drawdown	12.20	7.00	+5.20
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. LISAX - Sharpe Ratio Comparison

The current LHYAX Sharpe Ratio is 2.24, which is comparable to the LISAX Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of LHYAX and LISAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LHYAX	LISAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.78	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.21	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.54	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.96	+0.20

Drawdowns

LHYAX vs. LISAX - Drawdown Comparison

The maximum LHYAX drawdown since its inception was -31.68%, which is greater than LISAX's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for LHYAX and LISAX.

Drawdown Indicators

	LHYAX	LISAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-15.18%	-16.50%
Max Drawdown (1Y) Largest decline over 1 year	-3.02%	-3.14%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-4.87%	-4.63%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-15.18%	-3.49%
Max Drawdown (10Y) Largest decline over 10 years	-24.23%	-15.18%	-9.05%
Current Drawdown Current decline from peak	0.00%	-0.95%	+0.95%
Average Drawdown Average peak-to-trough decline	-3.07%	-2.17%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.96%	-0.29%

Volatility

LHYAX vs. LISAX - Volatility Comparison

Lord Abbett High Yield Fund (LHYAX) has a higher volatility of 1.05% compared to Lord Abbett Intermediate Tax Free Fund (LISAX) at 0.97%. This indicates that LHYAX's price experiences larger fluctuations and is considered to be riskier than LISAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LHYAX	LISAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	0.97%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	1.92%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	2.44%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	3.37%	+1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.73%	3.69%	+2.04%

LHYAX vs. LISAX - Expense Ratio Comparison

LHYAX has a 0.88% expense ratio, which is higher than LISAX's 0.71% expense ratio.

Dividends

LHYAX vs. LISAX - Dividend Comparison

LHYAX's dividend yield for the trailing twelve months is around 7.20%, more than LISAX's 3.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LHYAX Lord Abbett High Yield Fund	7.20%	7.13%	6.02%	5.84%	4.60%	4.91%	5.15%	5.47%	6.29%	5.65%	5.85%	6.08%
LISAX Lord Abbett Intermediate Tax Free Fund	3.44%	3.95%	2.91%	2.51%	1.80%	2.06%	2.33%	2.85%	2.62%	2.42%	2.60%	2.82%

Frequently Asked Questions

Can I hold both LHYAX and LISAX in my portfolio?

LHYAX and LISAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LHYAX or LISAX?

LHYAX has higher volatility (1.05%) compared to LISAX (0.97%). In terms of maximum drawdown, LHYAX dropped -31.68% vs LISAX's -15.18%.

Which has better risk-adjusted returns?

LISAX currently has the higher Sharpe Ratio (2.78 vs 2.24), 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.