LHYAX vs. SPY
Compare and contrast key facts about Lord Abbett High Yield Fund (LHYAX) and State Street 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.
Performance
LHYAX vs. SPY - Performance Comparison
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LHYAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LHYAX Lord Abbett High Yield Fund | -1.97% | 7.44% | 7.25% | 9.84% | -14.97% | 6.16% | 4.56% | 15.11% | -5.10% | 8.53% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, LHYAX achieves a -1.97% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, LHYAX has underperformed SPY with an annualized return of 4.65%, while SPY has yielded a comparatively higher 14.06% annualized return.
LHYAX
- 1D
- 0.00%
- 1M
- -2.83%
- YTD
- -1.97%
- 6M
- -0.64%
- 1Y
- 4.99%
- 3Y*
- 6.51%
- 5Y*
- 1.94%
- 10Y*
- 4.65%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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.
Return for Risk
LHYAX vs. SPY — Risk / Return Rank
LHYAX
SPY
LHYAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) and State Street 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.
| LHYAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.96 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.49 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.53 | -0.18 |
Martin ratioReturn relative to average drawdown | 5.26 | 7.27 | -2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LHYAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.96 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.70 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.79 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.56 | +0.57 |
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.
Dividends
LHYAX vs. SPY - Dividend Comparison
LHYAX's dividend yield for the trailing twelve months is around 6.80%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHYAX Lord Abbett High Yield Fund | 6.80% | 7.13% | 6.02% | 5.84% | 4.60% | 4.91% | 5.15% | 5.47% | 6.29% | 5.65% | 5.85% | 6.08% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LHYAX vs. SPY - Drawdown Comparison
The maximum LHYAX drawdown since its inception was -31.68%, 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.
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Drawdown Indicators
| LHYAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.68% | -55.19% | +23.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -12.05% | +8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -24.50% | +5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -24.23% | -33.72% | +9.49% |
Current DrawdownCurrent decline from peak | -3.02% | -5.53% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -9.09% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.54% | -1.56% |
Volatility
LHYAX vs. SPY - Volatility Comparison
The current volatility for Lord Abbett High Yield Fund (LHYAX) is 1.41%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. 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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Volatility by Period
| LHYAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 5.35% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 9.50% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 19.06% | -14.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 17.06% | -12.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 17.92% | -12.20% |