LHYAX vs. SCHD

Last updated Jun 20, 2026

LHYAX (Lord Abbett High Yield Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - LHYAX is a High Yield Bonds fund managed by Lord Abbett, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, LHYAX returned 4.52%/yr vs 12.48%/yr for SCHD. At a 0.44 correlation, their price movements are largely independent. LHYAX charges 0.88%/yr vs 0.06%/yr for SCHD.

Performance

LHYAX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett High Yield Fund (LHYAX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LHYAX achieves a 1.54% return, which is significantly lower than SCHD's 17.13% return. Over the past 10 years, LHYAX has underperformed SCHD with an annualized return of 4.52%, while SCHD has yielded a comparatively higher 12.48% annualized return.

LHYAX

• 1D: 0.00%
• 1M: 0.73%
• YTD: 1.54%
• 6M: 2.32%
• 1Y: 7.44%
• 3Y*: 7.49%
• 5Y*: 2.23%
• 10Y*: 4.52%

SCHD

• 1D: -0.22%
• 1M: -0.81%
• YTD: 17.13%
• 6M: 17.00%
• 1Y: 24.22%
• 3Y*: 13.38%
• 5Y*: 9.07%
• 10Y*: 12.48%

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

LHYAX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LHYAX Lord Abbett High Yield Fund	1.54%	7.44%	7.25%	9.84%	-14.97%	6.16%	4.56%	15.11%	-5.10%	8.53%
SCHD Schwab U.S. Dividend Equity ETF	17.13%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between LHYAX and SCHD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.44

The correlation between LHYAX and SCHD shifts across timeframes, from 0.30 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

LHYAX vs. SCHD — Risk / Return Rank

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

LHYAX

LHYAX Risk / Return Rank: 66
LHYAX Sharpe Ratio Rank: 59
LHYAX Sortino Ratio Rank: 81
LHYAX Omega Ratio Rank: 81
LHYAX Calmar Ratio Rank: 48
LHYAX Martin Ratio Rank: 61

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 81
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 72

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	LHYAX	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.20	-0.17
Sortino ratio: Return per unit of downside risk	3.47	3.36	+0.11
Omega ratio: Gain probability vs. loss probability	1.47	1.39	+0.08
Calmar ratio: Return relative to maximum drawdown	2.48	5.27	-2.80
Martin ratio: Return relative to average drawdown	11.07	12.86	-1.78

LHYAX vs. SCHD - Sharpe Ratio Comparison

The current LHYAX Sharpe Ratio is 2.03, which is comparable to the SCHD Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of LHYAX and SCHD, 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

LHYAX vs. SCHD - Drawdown Comparison

The maximum LHYAX drawdown since its inception was -31.68%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for LHYAX and SCHD.

Drawdown Indicators

	LHYAX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-33.37%	+1.69%
Max Drawdown (1Y) Largest decline over 1 year	-3.02%	-4.61%	+1.59%
Max Drawdown (3Y) Largest decline over 3 years	-4.87%	-16.13%	+11.26%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-16.85%	-1.82%
Max Drawdown (10Y) Largest decline over 10 years	-24.23%	-33.37%	+9.14%
Current Drawdown Current decline from peak	-0.32%	-2.95%	+2.63%
Average Drawdown Average peak-to-trough decline	-3.07%	-3.31%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	1.89%	-1.22%

Volatility

LHYAX vs. SCHD - Volatility Comparison

The current volatility for Lord Abbett High Yield Fund (LHYAX) is 0.97%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.58%. This indicates that LHYAX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LHYAX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	3.58%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	7.75%	-4.93%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	11.07%	-7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	14.38%	-9.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.73%	16.73%	-11.00%

LHYAX vs. SCHD - Expense Ratio Comparison

LHYAX has a 0.88% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

LHYAX vs. SCHD - Dividend Comparison

LHYAX's dividend yield for the trailing twelve months is around 7.22%, more than SCHD's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LHYAX Lord Abbett High Yield Fund	7.22%	7.13%	6.02%	5.84%	4.60%	4.91%	5.15%	5.47%	6.29%	5.65%	5.85%	6.08%
SCHD Schwab U.S. Dividend Equity ETF	3.31%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both LHYAX and SCHD in my portfolio?

LHYAX and SCHD have a correlation of 0.30, 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 SCHD?

SCHD has higher volatility (3.58%) compared to LHYAX (0.97%). In terms of maximum drawdown, LHYAX dropped -31.68% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.20 vs 2.03), 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.