LLDYX vs. OOSAX
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LLDYX) and Invesco Senior Floating Rate Fund (OOSAX).
LLDYX is managed by Lord Abbett. It was launched on Oct 19, 2004. OOSAX is managed by Invesco. It was launched on Sep 7, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LLDYX or OOSAX.
Performance
LLDYX vs. OOSAX - Performance Comparison
Returns By Period
In the year-to-date period, LLDYX achieves a 5.10% return, which is significantly lower than OOSAX's 6.72% return. Over the past 10 years, LLDYX has underperformed OOSAX with an annualized return of 2.37%, while OOSAX has yielded a comparatively higher 3.57% annualized return.
LLDYX
5.10%
0.17%
3.45%
6.93%
1.98%
2.37%
OOSAX
6.72%
0.42%
3.75%
8.97%
4.69%
3.57%
Key characteristics
| LLDYX | OOSAX | |
|---|---|---|
| Sharpe Ratio | 2.44 | 2.98 |
| Sortino Ratio | 4.42 | 7.74 |
| Omega Ratio | 1.83 | 2.30 |
| Calmar Ratio | 4.78 | 15.14 |
| Martin Ratio | 21.79 | 42.62 |
| Ulcer Index | 0.31% | 0.21% |
| Daily Std Dev | 2.71% | 3.07% |
| Max Drawdown | -10.54% | -32.11% |
| Current Drawdown | -0.60% | -0.30% |
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LLDYX vs. OOSAX - Expense Ratio Comparison
LLDYX has a 0.38% expense ratio, which is lower than OOSAX's 1.04% expense ratio.
Correlation
The correlation between LLDYX and OOSAX is 0.20, 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. OOSAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LLDYX) and Invesco Senior Floating Rate Fund (OOSAX). 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. OOSAX - Dividend Comparison
LLDYX's dividend yield for the trailing twelve months is around 5.13%, less than OOSAX's 9.24% 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% |
OOSAX Invesco Senior Floating Rate Fund | 9.24% | 8.58% | 8.11% | 4.36% | 4.83% | 5.23% | 4.64% | 4.10% | 4.77% | 4.64% | 4.55% | 4.66% |
Drawdowns
LLDYX vs. OOSAX - Drawdown Comparison
The maximum LLDYX drawdown since its inception was -10.54%, smaller than the maximum OOSAX drawdown of -32.11%. Use the drawdown chart below to compare losses from any high point for LLDYX and OOSAX. For additional features, visit the drawdowns tool.
Volatility
LLDYX vs. OOSAX - Volatility Comparison
Lord Abbett Short Duration Income Fund (LLDYX) has a higher volatility of 0.74% compared to Invesco Senior Floating Rate Fund (OOSAX) at 0.67%. This indicates that LLDYX's price experiences larger fluctuations and is considered to be riskier than OOSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.