LLDYX vs. PSHYX
Compare and contrast key facts about Lord Abbett Short Duration Income Fund (LLDYX) and Pioneer Short Term Income Fund (PSHYX).
LLDYX is managed by Lord Abbett. It was launched on Oct 19, 2004. PSHYX is managed by Amundi US. It was launched on Jul 8, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LLDYX or PSHYX.
Performance
LLDYX vs. PSHYX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with LLDYX having a 5.10% return and PSHYX slightly higher at 5.29%. Both investments have delivered pretty close results over the past 10 years, with LLDYX having a 2.37% annualized return and PSHYX not far ahead at 2.38%.
LLDYX
5.10%
0.17%
3.19%
6.93%
1.98%
2.37%
PSHYX
5.29%
0.01%
3.52%
7.59%
2.62%
2.38%
Key characteristics
| LLDYX | PSHYX | |
|---|---|---|
| Sharpe Ratio | 2.54 | 3.12 |
| Sortino Ratio | 4.60 | 6.34 |
| Omega Ratio | 1.87 | 1.89 |
| Calmar Ratio | 4.20 | 8.50 |
| Martin Ratio | 22.89 | 23.16 |
| Ulcer Index | 0.30% | 0.33% |
| Daily Std Dev | 2.71% | 2.43% |
| Max Drawdown | -10.54% | -12.99% |
| Current Drawdown | -0.60% | -0.66% |
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LLDYX vs. PSHYX - Expense Ratio Comparison
LLDYX has a 0.38% expense ratio, which is lower than PSHYX's 0.46% expense ratio.
Correlation
The correlation between LLDYX and PSHYX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
LLDYX vs. PSHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LLDYX) and Pioneer Short Term Income Fund (PSHYX). 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. PSHYX - Dividend Comparison
LLDYX's dividend yield for the trailing twelve months is around 5.13%, less than PSHYX's 5.69% 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% |
PSHYX Pioneer Short Term Income Fund | 5.69% | 5.49% | 3.46% | 2.50% | 2.79% | 3.36% | 2.73% | 2.27% | 2.09% | 1.87% | 1.92% | 2.26% |
Drawdowns
LLDYX vs. PSHYX - Drawdown Comparison
The maximum LLDYX drawdown since its inception was -10.54%, smaller than the maximum PSHYX drawdown of -12.99%. Use the drawdown chart below to compare losses from any high point for LLDYX and PSHYX. For additional features, visit the drawdowns tool.
Volatility
LLDYX vs. PSHYX - Volatility Comparison
Lord Abbett Short Duration Income Fund (LLDYX) has a higher volatility of 0.74% compared to Pioneer Short Term Income Fund (PSHYX) at 0.64%. This indicates that LLDYX's price experiences larger fluctuations and is considered to be riskier than PSHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.