LLDYX vs. FANCX

Last updated Aug 1, 2026

LLDYX (Lord Abbett Short Duration Income Fund) and FANCX (Fidelity Advisor Short-Term Bond Fund Class C) are both Total Bond Market funds. Over the past 10 years, LLDYX returned 2.65%/yr vs 1.03%/yr for FANCX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. LLDYX charges 0.38%/yr vs 1.51%/yr for FANCX.

Performance

LLDYX vs. FANCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Short Duration Income Fund (LLDYX) and Fidelity Advisor Short-Term Bond Fund Class C (FANCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LLDYX achieves a 0.93% return, which is significantly higher than FANCX's -0.01% return. Over the past 10 years, LLDYX has outperformed FANCX with an annualized return of 2.65%, while FANCX has yielded a comparatively lower 1.03% annualized return.

LLDYX

• 1D: 0.26%
• 1M: -0.26%
• 6M: 0.51%
• YTD: 0.93%
• 1Y: 3.12%
• 3Y*: 5.06%
• 5Y*: 2.33%
• 10Y*: 2.65%
• ALL TIME*: 2.94%

FANCX

• 1D: 0.00%
• 1M: -0.24%
• 6M: -0.14%
• YTD: -0.01%
• 1Y: 1.50%
• 3Y*: 3.49%
• 5Y*: 1.16%
• 10Y*: 1.03%
• ALL TIME*: 1.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FANCX Fidelity Advisor Short-Term Bond Fund Class C	$0.00	$0.00	$0.00
LLDYX Lord Abbett Short Duration Income Fund	$0.00	$0.00	$0.00

LLDYX vs. FANCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LLDYX Lord Abbett Short Duration Income Fund	0.93%	6.19%	5.13%	5.41%	-5.35%	1.07%	3.17%	5.64%	1.47%	2.74%
FANCX Fidelity Advisor Short-Term Bond Fund Class C	-0.01%	4.38%	3.74%	3.91%	-4.63%	-1.81%	2.74%	2.90%	0.23%	-0.02%

Correlation

The correlation between LLDYX and FANCX is 0.61, 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.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Jul 22, 2016	0.59

The correlation between LLDYX and FANCX has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

Return for Risk

LLDYX vs. FANCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LLDYX

LLDYX Risk / Return Rank: 88
LLDYX Sharpe Ratio Rank: 77
LLDYX Sortino Ratio Rank: 87
LLDYX Omega Ratio Rank: 96
LLDYX Calmar Ratio Rank: 89
LLDYX Martin Ratio Rank: 90

FANCX

FANCX Risk / Return Rank: 47
FANCX Sharpe Ratio Rank: 40
FANCX Sortino Ratio Rank: 53
FANCX Omega Ratio Rank: 58
FANCX Calmar Ratio Rank: 50
FANCX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LLDYX vs. FANCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LLDYX) and Fidelity Advisor Short-Term Bond Fund Class C (FANCX). 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.

	LLDYX	FANCX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.25	+0.52
Sortino ratio: Return per unit of downside risk	3.15	2.08	+1.08
Omega ratio: Gain probability vs. loss probability	1.63	1.28	+0.35
Calmar ratio: Return relative to maximum drawdown	3.22	1.93	+1.29
Martin ratio: Return relative to average drawdown	11.99	5.41	+6.59

LLDYX vs. FANCX - Sharpe Ratio Comparison

The current LLDYX Sharpe Ratio is 1.77, which is higher than the FANCX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of LLDYX and FANCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LLDYX vs. FANCX - Drawdown Comparison

The maximum LLDYX drawdown since its inception was -10.54%, which is greater than FANCX's maximum drawdown of -7.79%. Use the drawdown chart below to compare losses from any high point for LLDYX and FANCX.

Drawdown Indicators

	LLDYX	FANCX	Difference
Max Drawdown Largest peak-to-trough decline	-10.54%	-7.79%	-2.75%
Max Drawdown (1Y) Largest decline over 1 year	-1.29%	-1.18%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-1.29%	-1.18%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-7.43%	-7.24%	-0.19%
Max Drawdown (10Y) Largest decline over 10 years	-9.67%	-7.79%	-1.88%
Current Drawdown Current decline from peak	-0.26%	-0.58%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.19%	-1.54%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.42%	-0.08%

Volatility

LLDYX vs. FANCX - Volatility Comparison

Lord Abbett Short Duration Income Fund (LLDYX) has a higher volatility of 0.54% compared to Fidelity Advisor Short-Term Bond Fund Class C (FANCX) at 0.38%. This indicates that LLDYX's price experiences larger fluctuations and is considered to be riskier than FANCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LLDYX	FANCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	0.38%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	1.71%	1.38%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	2.35%	1.82%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.76%	2.14%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	1.77%	+0.82%

LLDYX vs. FANCX - Expense Ratio Comparison

LLDYX has a 0.38% expense ratio, which is lower than FANCX's 1.51% expense ratio.

Dividends

LLDYX vs. FANCX - Dividend Comparison

LLDYX's dividend yield for the trailing twelve months is around 4.67%, more than FANCX's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FANCX Fidelity Advisor Short-Term Bond Fund Class C	2.82%	3.20%	2.95%	1.75%	0.15%	0.36%	1.68%	1.00%	0.69%	0.21%	0.07%	0.00%
LLDYX Lord Abbett Short Duration Income Fund	4.67%	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

Can I hold both LLDYX and FANCX in my portfolio?

LLDYX and FANCX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLDYX or FANCX?

LLDYX has higher volatility (0.54%) compared to FANCX (0.38%). In terms of maximum drawdown, LLDYX dropped -10.54% vs FANCX's -7.79%.

Which has better risk-adjusted returns?

LLDYX currently has the higher Sharpe Ratio (1.77 vs 1.25), 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.