LLDYX vs. LISDX
LLDYX (Lord Abbett Short Duration Income Fund) and LISDX (Lord Abbett Short Duration Tax Free Fund) are both mutual funds - LLDYX is a Total Bond Market fund managed by Lord Abbett, while LISDX is a Municipal Bonds fund managed by Lord Abbett. Over the past 10 years, LLDYX returned 2.65%/yr vs 1.49%/yr for LISDX. Their 0.36 correlation means their historical movements had little consistent relationship. LLDYX charges 0.38%/yr vs 0.45%/yr for LISDX.
Performance
LLDYX vs. LISDX - Performance Comparison
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Returns By Period
In the year-to-date period, LLDYX achieves a 0.93% return, which is significantly higher than LISDX's 0.49% return. Over the past 10 years, LLDYX has outperformed LISDX with an annualized return of 2.65%, while LISDX has yielded a comparatively lower 1.49% 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%
LISDX
- 1D
- -0.07%
- 1M
- -0.73%
- 6M
- -0.14%
- YTD
- 0.49%
- 1Y
- 2.17%
- 3Y*
- 3.24%
- 5Y*
- 1.21%
- 10Y*
- 1.49%
- ALL TIME*
- 1.80%
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 |
LLDYX vs. LISDX - 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% |
LISDX Lord Abbett Short Duration Tax Free Fund | 0.49% | 4.44% | 3.11% | 3.14% | -4.38% | 0.55% | 2.18% | 4.43% | 1.30% | 1.91% |
Correlation
The correlation between LLDYX and LISDX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2008 | 0.36 |
The correlation between LLDYX and LISDX shifts across timeframes, from 0.36 (all time) to 0.47 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LLDYX vs. LISDX — Risk / Return Rank
LLDYX
LISDX
LLDYX vs. LISDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LLDYX) and Lord Abbett Short Duration Tax Free Fund (LISDX). 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 | LISDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.50 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.79 | +1.43 |
| Martin ratioReturn relative to average drawdown | 11.99 | 5.45 | +6.54 |
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Drawdowns
LLDYX vs. LISDX - Drawdown Comparison
The maximum LLDYX drawdown since its inception was -10.54%, which is greater than LISDX's maximum drawdown of -6.72%. Use the drawdown chart below to compare losses from any high point for LLDYX and LISDX.
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Drawdown Indicators
| LLDYX | LISDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.54% | -6.72% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -1.44% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.29% | -1.72% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -7.43% | -6.72% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -9.67% | -6.72% | -2.95% |
Current DrawdownCurrent decline from peak | -0.26% | -0.78% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -0.81% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.47% | -0.13% |
Volatility
LLDYX vs. LISDX - Volatility Comparison
Lord Abbett Short Duration Income Fund (LLDYX) has a higher volatility of 0.54% compared to Lord Abbett Short Duration Tax Free Fund (LISDX) at 0.37%. This indicates that LLDYX's price experiences larger fluctuations and is considered to be riskier than LISDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLDYX | LISDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.37% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 1.13% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 1.44% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 1.65% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 1.77% | +0.82% |
LLDYX vs. LISDX - Expense Ratio Comparison
LLDYX has a 0.38% expense ratio, which is lower than LISDX's 0.45% expense ratio.
Dividends
LLDYX vs. LISDX - Dividend Comparison
LLDYX's dividend yield for the trailing twelve months is around 4.67%, more than LISDX's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISDX Lord Abbett Short Duration Tax Free Fund | 2.76% | 3.53% | 3.06% | 2.34% | 1.12% | 1.05% | 1.58% | 2.15% | 1.74% | 1.31% | 1.29% | 1.22% |
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
LLDYX and LISDX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLDYX has higher volatility (0.54%) compared to LISDX (0.37%). In terms of maximum drawdown, LLDYX dropped -10.54% vs LISDX's -6.72%.
LISDX currently has the higher Sharpe Ratio (1.78 vs 1.77), 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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