LLDYX vs. FPNIX
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LLDYX) and FPA New Income Fund (FPNIX).
LLDYX is managed by Lord Abbett. It was launched on Oct 19, 2004. FPNIX is managed by FPA. It was launched on Jul 11, 1984.
Performance
LLDYX vs. FPNIX - Performance Comparison
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LLDYX vs. FPNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLDYX Lord Abbett Short Duration Income Fund | -0.47% | 6.19% | 5.59% | 5.41% | -5.35% | 1.07% | 3.17% | 5.64% | 1.47% | 2.74% |
FPNIX FPA New Income Fund | -0.16% | 6.71% | 4.58% | 6.78% | -3.10% | 0.84% | 2.51% | 3.81% | 2.30% | 2.67% |
Returns By Period
In the year-to-date period, LLDYX achieves a -0.47% return, which is significantly lower than FPNIX's -0.16% return. Both investments have delivered pretty close results over the past 10 years, with LLDYX having a 2.78% annualized return and FPNIX not far ahead at 2.86%.
LLDYX
- 1D
- 0.00%
- 1M
- -1.29%
- YTD
- -0.47%
- 6M
- 0.80%
- 1Y
- 4.07%
- 3Y*
- 5.00%
- 5Y*
- 2.30%
- 10Y*
- 2.78%
FPNIX
- 1D
- 0.30%
- 1M
- -1.48%
- YTD
- -0.16%
- 6M
- 0.98%
- 1Y
- 4.49%
- 3Y*
- 5.26%
- 5Y*
- 2.98%
- 10Y*
- 2.86%
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LLDYX vs. FPNIX - Expense Ratio Comparison
LLDYX has a 0.38% expense ratio, which is lower than FPNIX's 0.45% expense ratio.
Return for Risk
LLDYX vs. FPNIX — Risk / Return Rank
LLDYX
FPNIX
LLDYX vs. FPNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LLDYX) and FPA New Income Fund (FPNIX). 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.
| LLDYX | FPNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.74 | -0.01 |
Sortino ratioReturn per unit of downside risk | 2.89 | 2.59 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.35 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.49 | +1.03 |
Martin ratioReturn relative to average drawdown | 13.37 | 11.01 | +2.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LLDYX | FPNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.74 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 1.24 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 1.52 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.02 | +0.07 |
Correlation
The correlation between LLDYX and FPNIX 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.
Dividends
LLDYX vs. FPNIX - Dividend Comparison
LLDYX's dividend yield for the trailing twelve months is around 4.81%, more than FPNIX's 3.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLDYX Lord Abbett Short Duration Income Fund | 4.81% | 5.21% | 5.16% | 4.71% | 2.58% | 2.52% | 3.06% | 3.79% | 4.11% | 3.90% | 4.15% | 4.15% |
FPNIX FPA New Income Fund | 3.81% | 3.36% | 4.39% | 3.37% | 2.13% | 1.24% | 2.17% | 2.63% | 3.10% | 2.84% | 2.31% | 1.87% |
Drawdowns
LLDYX vs. FPNIX - Drawdown Comparison
The maximum LLDYX drawdown since its inception was -10.54%, smaller than the maximum FPNIX drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for LLDYX and FPNIX.
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Drawdown Indicators
| LLDYX | FPNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.54% | -22.95% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -1.97% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -7.43% | -4.67% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -9.67% | -4.67% | -5.00% |
Current DrawdownCurrent decline from peak | -1.29% | -1.48% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -1.86% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.45% | -0.11% |
Volatility
LLDYX vs. FPNIX - Volatility Comparison
The current volatility for Lord Abbett Short Duration Income Fund (LLDYX) is 0.74%, while FPA New Income Fund (FPNIX) has a volatility of 1.10%. This indicates that LLDYX experiences smaller price fluctuations and is considered to be less risky than FPNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLDYX | FPNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.10% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 1.64% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 2.66% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 2.41% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 1.88% | +0.70% |