LSYAX vs. IOFIX
Compare and contrast key facts about Lord Abbett Short Duration High Yield Fund (LSYAX) and AlphaCentric Income Opportunities Fund (IOFIX).
LSYAX is a passively managed fund by Lord Abbett that tracks the performance of the ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index. It was launched on May 1, 2020. IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015.
Performance
LSYAX vs. IOFIX - Performance Comparison
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LSYAX vs. IOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LSYAX Lord Abbett Short Duration High Yield Fund | -1.19% | 7.50% | 8.46% | 10.60% | -7.21% | 4.50% | 14.22% |
IOFIX AlphaCentric Income Opportunities Fund | 0.27% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | 32.82% |
Returns By Period
In the year-to-date period, LSYAX achieves a -1.19% return, which is significantly lower than IOFIX's 0.27% return.
LSYAX
- 1D
- 0.63%
- 1M
- -1.95%
- YTD
- -1.19%
- 6M
- -0.10%
- 1Y
- 5.84%
- 3Y*
- 7.46%
- 5Y*
- 4.08%
- 10Y*
- —
IOFIX
- 1D
- 0.28%
- 1M
- -0.81%
- YTD
- 0.27%
- 6M
- 1.75%
- 1Y
- 7.46%
- 3Y*
- 1.60%
- 5Y*
- -2.70%
- 10Y*
- 1.84%
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LSYAX vs. IOFIX - Expense Ratio Comparison
LSYAX has a 0.65% expense ratio, which is lower than IOFIX's 1.65% expense ratio.
Return for Risk
LSYAX vs. IOFIX — Risk / Return Rank
LSYAX
IOFIX
LSYAX vs. IOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYAX) and AlphaCentric Income Opportunities Fund (IOFIX). 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.
| LSYAX | IOFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.68 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.58 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.04 | -0.47 |
Martin ratioReturn relative to average drawdown | 6.41 | 6.57 | -0.16 |
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
| LSYAX | IOFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.68 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | -0.57 | +1.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.20 | +1.23 |
Correlation
The correlation between LSYAX and IOFIX is 0.24, 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
LSYAX vs. IOFIX - Dividend Comparison
LSYAX's dividend yield for the trailing twelve months is around 7.38%, less than IOFIX's 8.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LSYAX Lord Abbett Short Duration High Yield Fund | 7.38% | 7.91% | 8.01% | 6.38% | 4.86% | 5.77% | 4.64% | 0.00% | 0.00% | 0.00% | 0.00% |
IOFIX AlphaCentric Income Opportunities Fund | 8.26% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% |
Drawdowns
LSYAX vs. IOFIX - Drawdown Comparison
The maximum LSYAX drawdown since its inception was -10.79%, smaller than the maximum IOFIX drawdown of -45.49%. Use the drawdown chart below to compare losses from any high point for LSYAX and IOFIX.
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Drawdown Indicators
| LSYAX | IOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -45.49% | +34.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -3.80% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | -30.50% | +19.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.49% | — |
Current DrawdownCurrent decline from peak | -2.22% | -20.25% | +18.03% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -11.62% | +9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.18% | -0.17% |
Volatility
LSYAX vs. IOFIX - Volatility Comparison
The current volatility for Lord Abbett Short Duration High Yield Fund (LSYAX) is 1.50%, while AlphaCentric Income Opportunities Fund (IOFIX) has a volatility of 1.70%. This indicates that LSYAX experiences smaller price fluctuations and is considered to be less risky than IOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSYAX | IOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.70% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.78% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 4.82% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 4.73% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 9.26% | -5.08% |