LHYAX vs. SPY
Compare and contrast key facts about Lord Abbett High Yield Fund (LHYAX) and SPDR S&P 500 ETF (SPY).
LHYAX is managed by Lord Abbett. It was launched on Dec 31, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LHYAX or SPY.
Correlation
The correlation between LHYAX and SPY is 0.37, 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.
Performance
LHYAX vs. SPY - Performance Comparison
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Key characteristics
LHYAX:
1.58
SPY:
0.66
LHYAX:
2.19
SPY:
1.08
LHYAX:
1.37
SPY:
1.16
LHYAX:
1.39
SPY:
0.72
LHYAX:
5.50
SPY:
2.78
LHYAX:
1.23%
SPY:
4.88%
LHYAX:
4.24%
SPY:
20.26%
LHYAX:
-30.39%
SPY:
-55.19%
LHYAX:
-1.12%
SPY:
-2.99%
Returns By Period
In the year-to-date period, LHYAX achieves a 0.62% return, which is significantly lower than SPY's 1.46% return. Over the past 10 years, LHYAX has underperformed SPY with an annualized return of 4.05%, while SPY has yielded a comparatively higher 12.71% annualized return.
LHYAX
0.62%
2.59%
1.03%
6.75%
5.70%
5.32%
4.05%
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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LHYAX vs. SPY - Expense Ratio Comparison
LHYAX has a 0.88% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LHYAX vs. SPY — Risk-Adjusted Performance Rank
LHYAX
SPY
LHYAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
LHYAX vs. SPY - Dividend Comparison
LHYAX's dividend yield for the trailing twelve months is around 7.26%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHYAX Lord Abbett High Yield Fund | 7.26% | 7.10% | 6.40% | 6.07% | 5.25% | 5.12% | 5.46% | 6.28% | 5.66% | 5.86% | 6.07% | 8.34% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
LHYAX vs. SPY - Drawdown Comparison
The maximum LHYAX drawdown since its inception was -30.39%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LHYAX and SPY. For additional features, visit the drawdowns tool.
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Volatility
LHYAX vs. SPY - Volatility Comparison
The current volatility for Lord Abbett High Yield Fund (LHYAX) is 1.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.66%. This indicates that LHYAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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