LSYAX vs. KNG

Last updated Apr 1, 2026

Compare and contrast key facts about Lord Abbett Short Duration High Yield Fund (LSYAX) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).

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. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018. Both LSYAX and KNG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LSYAX vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Short Duration High Yield Fund (LSYAX) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). The values are adjusted to include any dividend payments, if applicable.

LSYAX vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LSYAX Lord Abbett Short Duration High Yield Fund	-1.81%	7.50%	8.46%	10.60%	-7.21%	4.50%	14.22%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	1.24%	6.63%	5.99%	7.48%	-7.03%	24.78%	31.99%

Returns By Period

In the year-to-date period, LSYAX achieves a -1.81% return, which is significantly lower than KNG's 1.24% return.

LSYAX

• 1D: 0.00%
• 1M: -2.66%
• YTD: -1.81%
• 6M: -0.62%
• 1Y: 5.29%
• 3Y*: 7.23%
• 5Y*: 3.96%
• 10Y*: —

KNG

• 1D: 1.21%
• 1M: -6.77%
• YTD: 1.24%
• 6M: 3.06%
• 1Y: 5.02%
• 3Y*: 6.53%
• 5Y*: 5.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LSYAX vs. KNG - Expense Ratio Comparison

LSYAX has a 0.65% expense ratio, which is lower than KNG's 0.75% expense ratio.

KNG

FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF

LSYAX

Lord Abbett Short Duration High Yield Fund

Return for Risk

LSYAX vs. KNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSYAX

LSYAX Risk / Return Rank: 70
LSYAX Sharpe Ratio Rank: 77
LSYAX Sortino Ratio Rank: 76
LSYAX Omega Ratio Rank: 83
LSYAX Calmar Ratio Rank: 57
LSYAX Martin Ratio Rank: 57

KNG

KNG Risk / Return Rank: 25
KNG Sharpe Ratio Rank: 24
KNG Sortino Ratio Rank: 24
KNG Omega Ratio Rank: 23
KNG Calmar Ratio Rank: 27
KNG Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSYAX vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYAX) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). 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	KNG	Difference
Sharpe ratio Return per unit of total volatility	1.36	0.37	+0.99
Sortino ratio Return per unit of downside risk	1.89	0.62	+1.27
Omega ratio Gain probability vs. loss probability	1.33	1.08	+0.25
Calmar ratio Return relative to maximum drawdown	1.33	0.58	+0.75
Martin ratio Return relative to average drawdown	5.48	2.11	+3.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSYAX vs. KNG - Sharpe Ratio Comparison

The current LSYAX Sharpe Ratio is 1.36, which is higher than the KNG Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of LSYAX and KNG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LSYAX	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	0.37	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.42	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	0.49	+0.92

Correlation

The correlation between LSYAX and KNG is 0.44, 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.

Dividends

LSYAX vs. KNG - Dividend Comparison

LSYAX's dividend yield for the trailing twelve months is around 7.42%, less than KNG's 8.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LSYAX Lord Abbett Short Duration High Yield Fund	7.42%	7.91%	8.01%	6.38%	4.86%	5.77%	4.64%	0.00%	0.00%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	8.67%	8.61%	9.08%	5.91%	4.00%	3.45%	3.62%	4.09%	3.46%

Drawdowns

LSYAX vs. KNG - Drawdown Comparison

The maximum LSYAX drawdown since its inception was -10.79%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for LSYAX and KNG.

Drawdown Indicators

	LSYAX	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-10.79%	-35.12%	+24.33%
Max Drawdown (1Y) Largest decline over 1 year	-4.12%	-10.55%	+6.43%
Max Drawdown (5Y) Largest decline over 5 years	-10.79%	-18.20%	+7.41%
Current Drawdown Current decline from peak	-2.84%	-6.77%	+3.93%
Average Drawdown Average peak-to-trough decline	-1.91%	-4.09%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	2.91%	-1.91%

Volatility

LSYAX vs. KNG - Volatility Comparison

The current volatility for Lord Abbett Short Duration High Yield Fund (LSYAX) is 1.29%, while FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 3.41%. This indicates that LSYAX experiences smaller price fluctuations and is considered to be less risky than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSYAX	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	3.41%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	7.48%	-5.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	13.68%	-9.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.21%	13.63%	-9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.18%	17.31%	-13.13%