LISAX vs. LLDYX
LISAX (Lord Abbett Intermediate Tax Free Fund) and LLDYX (Lord Abbett Short Duration Income Fund) are both mutual funds - LISAX is a Municipal Bonds fund managed by Lord Abbett, while LLDYX is a Total Bond Market fund managed by Lord Abbett. Over the past 10 years, LISAX returned 1.89%/yr vs 2.70%/yr for LLDYX. At a 0.37 correlation, their price movements are largely independent. LISAX charges 0.71%/yr vs 0.38%/yr for LLDYX.
Performance
LISAX vs. LLDYX - Performance Comparison
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Returns By Period
In the year-to-date period, LISAX achieves a 1.55% return, which is significantly higher than LLDYX's 0.52% return. Over the past 10 years, LISAX has underperformed LLDYX with an annualized return of 1.89%, while LLDYX has yielded a comparatively higher 2.70% annualized return.
LISAX
- 1D
- 0.00%
- 1M
- 1.46%
- YTD
- 1.55%
- 6M
- 1.94%
- 1Y
- 6.41%
- 3Y*
- 4.04%
- 5Y*
- 0.72%
- 10Y*
- 1.89%
LLDYX
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 0.52%
- 6M
- 0.94%
- 1Y
- 4.16%
- 3Y*
- 5.28%
- 5Y*
- 2.33%
- 10Y*
- 2.70%
LISAX vs. LLDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LISAX Lord Abbett Intermediate Tax Free Fund | 1.55% | 5.22% | 2.15% | 5.89% | -10.61% | 2.08% | 4.16% | 7.85% | 1.14% | 5.09% |
LLDYX Lord Abbett Short Duration Income Fund | 0.52% | 6.19% | 5.13% | 5.41% | -5.35% | 1.07% | 3.17% | 5.64% | 1.47% | 2.74% |
Correlation
The correlation between LISAX and LLDYX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2004 | 0.37 |
The correlation between LISAX and LLDYX shifts across timeframes, from 0.37 (all time) to 0.48 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LISAX vs. LLDYX — Risk / Return Rank
LISAX
LLDYX
LISAX vs. LLDYX - 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 Short Duration Income Fund (LLDYX). 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 | LLDYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.59 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.25 | -1.17 |
| Martin ratioReturn relative to average drawdown | 6.61 | 12.59 | -5.99 |
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Drawdowns
LISAX vs. LLDYX - Drawdown Comparison
The maximum LISAX drawdown since its inception was -15.18%, which is greater than LLDYX's maximum drawdown of -10.54%. Use the drawdown chart below to compare losses from any high point for LISAX and LLDYX.
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Drawdown Indicators
| LISAX | LLDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -10.54% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -1.29% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -4.63% | -1.29% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -7.43% | -7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -15.18% | -9.67% | -5.51% |
Current DrawdownCurrent decline from peak | -0.86% | -0.52% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -1.20% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.33% | +0.66% |
Volatility
LISAX vs. LLDYX - Volatility Comparison
The current volatility for Lord Abbett Intermediate Tax Free Fund (LISAX) is 0.66%, while Lord Abbett Short Duration Income Fund (LLDYX) has a volatility of 0.73%. This indicates that LISAX experiences smaller price fluctuations and is considered to be less risky than LLDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LISAX | LLDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.73% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 1.70% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 2.42% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 2.75% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 2.60% | +1.09% |
LISAX vs. LLDYX - Expense Ratio Comparison
LISAX has a 0.71% expense ratio, which is higher than LLDYX's 0.38% expense ratio.
Dividends
LISAX vs. LLDYX - Dividend Comparison
LISAX's dividend yield for the trailing twelve months is around 3.43%, less than LLDYX's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISAX Lord Abbett Intermediate Tax Free Fund | 3.43% | 3.95% | 2.91% | 2.51% | 1.80% | 2.06% | 2.33% | 2.85% | 2.62% | 2.42% | 2.60% | 2.82% |
LLDYX Lord Abbett Short Duration Income Fund | 5.17% | 5.21% | 4.73% | 4.71% | 2.58% | 2.52% | 3.06% | 3.79% | 4.11% | 3.90% | 4.15% | 4.15% |
Frequently Asked Questions
LISAX and LLDYX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLDYX has higher volatility (0.73%) compared to LISAX (0.66%). In terms of maximum drawdown, LISAX dropped -15.18% vs LLDYX's -10.54%.
LISAX currently has the higher Sharpe Ratio (2.70 vs 1.73), 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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