LISAX vs. LBNDX
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 1.71%/yr vs 3.81%/yr for LBNDX. Their 0.20 correlation means their historical movements had little consistent relationship. LISAX charges 0.71%/yr vs 0.77%/yr for LBNDX.
Performance
LISAX vs. LBNDX - Performance Comparison
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Returns By Period
In the year-to-date period, LISAX achieves a 0.07% return, which is significantly lower than LBNDX's 0.17% return. Over the past 10 years, LISAX has underperformed LBNDX with an annualized return of 1.71%, while LBNDX has yielded a comparatively higher 3.81% annualized return.
LISAX
- 1D
- -0.20%
- 1M
- -1.93%
- 6M
- -1.08%
- YTD
- 0.07%
- 1Y
- 4.25%
- 3Y*
- 3.37%
- 5Y*
- 0.22%
- 10Y*
- 1.71%
- ALL TIME*
- 3.01%
LBNDX
- 1D
- 0.28%
- 1M
- -1.39%
- 6M
- -0.75%
- YTD
- 0.17%
- 1Y
- 4.23%
- 3Y*
- 6.05%
- 5Y*
- 1.16%
- 10Y*
- 3.81%
- ALL TIME*
- 5.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LISAX vs. LBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LISAX Lord Abbett Intermediate Tax Free Fund | 0.07% | 5.22% | 2.15% | 5.89% | -10.61% | 2.08% | 4.16% | 7.85% | 1.14% | 5.09% |
LBNDX Lord Abbett Bond Debenture Fund | 0.17% | 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 have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 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.
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Return for Risk
LISAX vs. LBNDX — Risk / Return Rank
LISAX
LBNDX
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.
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.
| LISAX | LBNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.23 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.21 | +0.39 |
| Martin ratioReturn relative to average drawdown | 4.65 | 4.57 | +0.08 |
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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.
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Drawdown Indicators
| LISAX | LBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -4.20% | -4.51% | +0.31% |
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 DrawdownCurrent decline from peak | -2.30% | -1.79% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -3.51% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.07% | 0.00% |
Volatility
LISAX vs. LBNDX - Volatility Comparison
Lord Abbett Intermediate Tax Free Fund (LISAX) and Lord Abbett Bond Debenture Fund (LBNDX) have volatilities of 0.87% and 0.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LISAX | LBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.83% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 3.25% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 4.08% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 4.71% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 5.00% | -1.31% |
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 3.22%, less than LBNDX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBNDX Lord Abbett Bond Debenture Fund | 5.67% | 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 | 3.22% | 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
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.
LISAX has higher volatility (0.87%) compared to LBNDX (0.83%). In terms of maximum drawdown, LISAX dropped -15.18% vs LBNDX's -26.67%.
LISAX currently has the higher Sharpe Ratio (1.94 vs 1.21), 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.
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