LISAX vs. LBNDX

Last updated Jun 5, 2026

LISAX (Lord Abbett Intermediate Tax Free Fund) and LBNDX (Lord Abbett Bond Debenture Fund) are both mutual funds - LISAX is a Municipal Bonds fund managed by Lord Abbett, while LBNDX is a Multisector Bonds fund managed by Lord Abbett. Over the past 10 years, LISAX returned 1.99%/yr vs 4.29%/yr for LBNDX. At a 0.20 correlation, their price movements are largely independent. LISAX charges 0.71%/yr vs 0.77%/yr for LBNDX.

Performance

LISAX vs. LBNDX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with LISAX having a 1.45% return and LBNDX slightly higher at 1.49%. Over the past 10 years, LISAX has underperformed LBNDX with an annualized return of 1.99%, while LBNDX has yielded a comparatively higher 4.29% annualized return.

LISAX

• 1D: 0.00%
• 1M: 0.58%
• YTD: 1.45%
• 6M: 1.84%
• 1Y: 6.63%
• 3Y*: 4.18%
• 5Y*: 0.70%
• 10Y*: 1.99%

LBNDX

• 1D: -0.14%
• 1M: 0.24%
• YTD: 1.49%
• 6M: 1.99%
• 1Y: 7.86%
• 3Y*: 7.12%
• 5Y*: 1.59%
• 10Y*: 4.29%

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

LISAX vs. LBNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
LBNDX Lord Abbett Bond Debenture Fund	1.49%	8.42%	6.29%	6.38%	-13.67%	3.25%	7.65%	13.40%	-3.76%	9.23%

Correlation

The correlation between LISAX and LBNDX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 1, 2003	0.20

Over the past year, LISAX and LBNDX have become more correlated (0.58) than their long-term average of 0.20, meaning their price movements have been converging.

Return for Risk

LISAX vs. LBNDX — Risk / Return Rank

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

LISAX

LISAX Risk / Return Rank: 67
LISAX Sharpe Ratio Rank: 85
LISAX Sortino Ratio Rank: 89
LISAX Omega Ratio Rank: 94
LISAX Calmar Ratio Rank: 34
LISAX Martin Ratio Rank: 31

LBNDX

LBNDX Risk / Return Rank: 47
LBNDX Sharpe Ratio Rank: 49
LBNDX Sortino Ratio Rank: 57
LBNDX Omega Ratio Rank: 58
LBNDX Calmar Ratio Rank: 31
LBNDX Martin Ratio Rank: 39

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.

LISAX vs. LBNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Intermediate Tax Free Fund (LISAX) and Lord Abbett Bond Debenture Fund (LBNDX). 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.

	LISAX	LBNDX	Difference
Sharpe ratio: Return per unit of total volatility	2.78	2.06	+0.72
Sortino ratio: Return per unit of downside risk	4.33	3.17	+1.17
Omega ratio: Gain probability vs. loss probability	1.76	1.42	+0.34
Calmar ratio: Return relative to maximum drawdown	2.15	2.05	+0.11
Martin ratio: Return relative to average drawdown	6.99	8.38	-1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LISAX vs. LBNDX - Sharpe Ratio Comparison

The current LISAX Sharpe Ratio is 2.78, which is higher than the LBNDX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of LISAX and LBNDX, 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

	LISAX	LBNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	2.06	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.34	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.85	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.10	-0.14

Drawdowns

LISAX vs. LBNDX - Drawdown Comparison

The maximum LISAX drawdown since its inception was -15.18%, smaller than the maximum LBNDX drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for LISAX and LBNDX.

Drawdown Indicators

	LISAX	LBNDX	Difference
Max Drawdown Largest peak-to-trough decline	-15.18%	-26.67%	+11.49%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	-4.08%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	-4.63%	-4.51%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-15.18%	-17.33%	+2.15%
Max Drawdown (10Y) Largest decline over 10 years	-15.18%	-19.77%	+4.59%
Current Drawdown Current decline from peak	-0.95%	-0.50%	-0.45%
Average Drawdown Average peak-to-trough decline	-2.17%	-3.52%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.99%	-0.02%

Volatility

LISAX vs. LBNDX - Volatility Comparison

The current volatility for Lord Abbett Intermediate Tax Free Fund (LISAX) is 0.96%, while Lord Abbett Bond Debenture Fund (LBNDX) has a volatility of 1.15%. This indicates that LISAX experiences smaller price fluctuations and is considered to be less risky than LBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LISAX	LBNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	1.15%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	1.91%	3.13%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	2.43%	4.06%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.37%	4.69%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.69%	5.04%	-1.35%

LISAX vs. LBNDX - Expense Ratio Comparison

LISAX has a 0.71% expense ratio, which is lower than LBNDX's 0.77% expense ratio.

Dividends

LISAX vs. LBNDX - Dividend Comparison

LISAX's dividend yield for the trailing twelve months is around 3.44%, less than LBNDX's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LBNDX Lord Abbett Bond Debenture Fund	6.04%	5.92%	5.38%	4.66%	3.67%	3.71%	3.72%	4.02%	6.43%	4.82%	4.58%	5.50%
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 LISAX and LBNDX in my portfolio?

LISAX and LBNDX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LISAX or LBNDX?

LBNDX has higher volatility (1.15%) compared to LISAX (0.96%). In terms of maximum drawdown, LISAX dropped -15.18% vs LBNDX's -26.67%.

Which has better risk-adjusted returns?

LISAX currently has the higher Sharpe Ratio (2.78 vs 2.06), 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.