LSYAX vs. LSYIX

Last updated Jun 5, 2026

LSYAX (Lord Abbett Short Duration High Yield Fund) and LSYIX (Lord Abbett Short Duration High Yield Fund) are both High Yield Bonds funds from Lord Abbett. Over the past 5 years, LSYAX returned 4.52%/yr vs 4.66%/yr for LSYIX. With a 0.97 correlation, they move nearly in lockstep. LSYAX charges 0.65%/yr vs 0.45%/yr for LSYIX.

Performance

LSYAX vs. LSYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Short Duration High Yield Fund (LSYAX) and Lord Abbett Short Duration High Yield Fund (LSYIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LSYAX having a 2.26% return and LSYIX slightly higher at 2.34%.

LSYAX

• 1D: -0.21%
• 1M: 0.54%
• YTD: 2.26%
• 6M: 2.69%
• 1Y: 8.15%
• 3Y*: 8.61%
• 5Y*: 4.52%
• 10Y*: —

LSYIX

• 1D: -0.21%
• 1M: 0.56%
• YTD: 2.34%
• 6M: 2.79%
• 1Y: 8.37%
• 3Y*: 8.80%
• 5Y*: 4.66%
• 10Y*: —

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

LSYAX vs. LSYIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LSYAX Lord Abbett Short Duration High Yield Fund	2.26%	7.50%	8.46%	10.60%	-7.21%	4.50%	14.22%
LSYIX Lord Abbett Short Duration High Yield Fund	2.34%	7.71%	8.65%	10.63%	-7.19%	4.69%	14.35%

Correlation

The correlation between LSYAX and LSYIX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020	0.97

The correlation between LSYAX and LSYIX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

LSYAX vs. LSYIX — Risk / Return Rank

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

LSYAX

LSYAX Risk / Return Rank: 76
LSYAX Sharpe Ratio Rank: 66
LSYAX Sortino Ratio Rank: 91
LSYAX Omega Ratio Rank: 85
LSYAX Calmar Ratio Rank: 60
LSYAX Martin Ratio Rank: 77

LSYIX

LSYIX Risk / Return Rank: 78
LSYIX Sharpe Ratio Rank: 69
LSYIX Sortino Ratio Rank: 91
LSYIX Omega Ratio Rank: 86
LSYIX Calmar Ratio Rank: 62
LSYIX Martin Ratio Rank: 80

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. LSYIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYAX) and Lord Abbett Short Duration High Yield Fund (LSYIX). 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	LSYIX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.42	-0.04
Sortino ratio: Return per unit of downside risk	4.52	4.57	-0.05
Omega ratio: Gain probability vs. loss probability	1.59	1.60	-0.01
Calmar ratio: Return relative to maximum drawdown	2.96	3.01	-0.04
Martin ratio: Return relative to average drawdown	14.43	14.80	-0.36
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. LSYIX - Sharpe Ratio Comparison

The current LSYAX Sharpe Ratio is 2.38, which is comparable to the LSYIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of LSYAX and LSYIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LSYAX	LSYIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.42	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	1.08	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	1.55	-0.02

Drawdowns

LSYAX vs. LSYIX - Drawdown Comparison

The maximum LSYAX drawdown since its inception was -10.79%, roughly equal to the maximum LSYIX drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for LSYAX and LSYIX.

Drawdown Indicators

	LSYAX	LSYIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.79%	-10.79%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-2.83%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-5.30%	-5.29%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-10.79%	-10.79%	0.00%
Current Drawdown Current decline from peak	-0.21%	-0.21%	0.00%
Average Drawdown Average peak-to-trough decline	-1.86%	-1.85%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.57%	+0.01%

Volatility

LSYAX vs. LSYIX - Volatility Comparison

Lord Abbett Short Duration High Yield Fund (LSYAX) and Lord Abbett Short Duration High Yield Fund (LSYIX) have volatilities of 1.00% and 1.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSYAX	LSYIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	1.02%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	2.78%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	3.52%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.29%	4.32%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.20%	4.23%	-0.03%

LSYAX vs. LSYIX - Expense Ratio Comparison

LSYAX has a 0.65% expense ratio, which is higher than LSYIX's 0.45% expense ratio.

Dividends

LSYAX vs. LSYIX - Dividend Comparison

LSYAX's dividend yield for the trailing twelve months is around 7.87%, less than LSYIX's 8.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
LSYAX Lord Abbett Short Duration High Yield Fund	7.87%	7.91%	8.01%	6.38%	4.86%	5.77%	4.64%
LSYIX Lord Abbett Short Duration High Yield Fund	8.07%	8.11%	8.18%	6.51%	5.01%	5.96%	4.75%

Frequently Asked Questions

Can I hold both LSYAX and LSYIX in my portfolio?

With a correlation of 0.97, LSYAX and LSYIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LSYAX or LSYIX?

LSYIX has higher volatility (1.02%) compared to LSYAX (1.00%). In terms of maximum drawdown, LSYAX dropped -10.79% vs LSYIX's -10.79%.

Which has better risk-adjusted returns?

LSYIX currently has the higher Sharpe Ratio (2.42 vs 2.38), 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.