LHYAX vs. ^GSPC
Compare and contrast key facts about Lord Abbett High Yield Fund (LHYAX) and S&P 500 (^GSPC).
LHYAX is managed by Lord Abbett. It was launched on Dec 31, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LHYAX or ^GSPC.
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.
Performance
LHYAX vs. ^GSPC - Performance Comparison
Key characteristics
LHYAX:
2.80
^GSPC:
1.74
LHYAX:
4.64
^GSPC:
2.36
LHYAX:
1.65
^GSPC:
1.32
LHYAX:
1.67
^GSPC:
2.62
LHYAX:
17.50
^GSPC:
10.69
LHYAX:
0.54%
^GSPC:
2.08%
LHYAX:
3.40%
^GSPC:
12.76%
LHYAX:
-30.39%
^GSPC:
-56.78%
LHYAX:
-0.16%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, LHYAX achieves a 1.05% return, which is significantly lower than ^GSPC's 4.01% return. Over the past 10 years, LHYAX has underperformed ^GSPC with an annualized return of 4.34%, while ^GSPC has yielded a comparatively higher 11.26% annualized return.
LHYAX
1.05%
0.42%
3.81%
9.86%
2.76%
4.34%
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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Risk-Adjusted Performance
LHYAX vs. ^GSPC — Risk-Adjusted Performance Rank
LHYAX
^GSPC
LHYAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) and S&P 500 (^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.
Drawdowns
LHYAX vs. ^GSPC - Drawdown Comparison
The maximum LHYAX drawdown since its inception was -30.39%, 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. For additional features, visit the drawdowns tool.
Volatility
LHYAX vs. ^GSPC - Volatility Comparison
The current volatility for Lord Abbett High Yield Fund (LHYAX) is 0.82%, while S&P 500 (^GSPC) has a volatility of 3.01%. 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.