LLDYX vs. AGZ
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LLDYX) and iShares Agency Bond ETF (AGZ).
LLDYX is managed by Lord Abbett. It was launched on Oct 19, 2004. AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LLDYX or AGZ.
Performance
LLDYX vs. AGZ - Performance Comparison
Returns By Period
In the year-to-date period, LLDYX achieves a 5.10% return, which is significantly higher than AGZ's 2.77% return. Over the past 10 years, LLDYX has outperformed AGZ with an annualized return of 2.37%, while AGZ has yielded a comparatively lower 1.57% annualized return.
LLDYX
5.10%
0.17%
3.45%
6.93%
1.98%
2.37%
AGZ
2.77%
-0.51%
2.72%
5.12%
0.80%
1.57%
Key characteristics
| LLDYX | AGZ | |
|---|---|---|
| Sharpe Ratio | 2.44 | 1.63 |
| Sortino Ratio | 4.42 | 2.47 |
| Omega Ratio | 1.83 | 1.30 |
| Calmar Ratio | 4.78 | 0.73 |
| Martin Ratio | 21.79 | 6.93 |
| Ulcer Index | 0.31% | 0.73% |
| Daily Std Dev | 2.71% | 3.13% |
| Max Drawdown | -10.54% | -11.01% |
| Current Drawdown | -0.60% | -1.98% |
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LLDYX vs. AGZ - Expense Ratio Comparison
LLDYX has a 0.38% expense ratio, which is higher than AGZ's 0.20% expense ratio.
Correlation
The correlation between LLDYX and AGZ is 0.35, 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.
Risk-Adjusted Performance
LLDYX vs. AGZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LLDYX) and iShares Agency Bond ETF (AGZ). 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.
Dividends
LLDYX vs. AGZ - Dividend Comparison
LLDYX's dividend yield for the trailing twelve months is around 5.13%, more than AGZ's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLDYX Lord Abbett Short Duration Income Fund | 5.13% | 4.71% | 3.42% | 2.52% | 3.04% | 3.80% | 4.15% | 3.88% | 4.14% | 4.15% | 4.02% | 3.89% |
AGZ iShares Agency Bond ETF | 3.44% | 3.14% | 1.57% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% | 1.19% |
Drawdowns
LLDYX vs. AGZ - Drawdown Comparison
The maximum LLDYX drawdown since its inception was -10.54%, roughly equal to the maximum AGZ drawdown of -11.01%. Use the drawdown chart below to compare losses from any high point for LLDYX and AGZ. For additional features, visit the drawdowns tool.
Volatility
LLDYX vs. AGZ - Volatility Comparison
Lord Abbett Short Duration Income Fund (LLDYX) and iShares Agency Bond ETF (AGZ) have volatilities of 0.74% and 0.73%, 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.