LSYAX vs. PIAMX
Compare and contrast key facts about Lord Abbett Short Duration High Yield Fund (LSYAX) and PIA High Yield (MACS) Fund (PIAMX).
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. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
LSYAX vs. PIAMX - Performance Comparison
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LSYAX vs. PIAMX - 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% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 23.56% |
Returns By Period
In the year-to-date period, LSYAX achieves a -1.81% return, which is significantly higher than PIAMX's -2.20% return.
LSYAX
- 1D
- 0.00%
- 1M
- -2.66%
- YTD
- -1.81%
- 6M
- -0.62%
- 1Y
- 5.29%
- 3Y*
- 7.23%
- 5Y*
- 3.96%
- 10Y*
- —
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
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LSYAX vs. PIAMX - Expense Ratio Comparison
LSYAX has a 0.65% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
LSYAX vs. PIAMX — Risk / Return Rank
LSYAX
PIAMX
LSYAX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYAX) and PIA High Yield (MACS) Fund (PIAMX). 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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 0.31 | +1.06 |
Sortino ratioReturn per unit of downside risk | 1.89 | 0.41 | +1.48 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.07 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.20 | +1.14 |
Martin ratioReturn relative to average drawdown | 5.48 | 0.61 | +4.87 |
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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.31 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.97 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.41 | 1.15 | +0.26 |
Correlation
The correlation between LSYAX and PIAMX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LSYAX vs. PIAMX - Dividend Comparison
LSYAX's dividend yield for the trailing twelve months is around 7.42%, less than PIAMX's 8.51% 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% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% |
Drawdowns
LSYAX vs. PIAMX - Drawdown Comparison
The maximum LSYAX drawdown since its inception was -10.79%, smaller than the maximum PIAMX drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for LSYAX and PIAMX.
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Drawdown Indicators
| LSYAX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -18.15% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -4.17% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | -13.92% | +3.13% |
Current DrawdownCurrent decline from peak | -2.84% | -3.50% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -2.36% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.37% | -0.37% |
Volatility
LSYAX vs. PIAMX - Volatility Comparison
The current volatility for Lord Abbett Short Duration High Yield Fund (LSYAX) is 1.29%, while PIA High Yield (MACS) Fund (PIAMX) has a volatility of 1.72%. This indicates that LSYAX experiences smaller price fluctuations and is considered to be less risky than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSYAX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.72% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.45% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 4.32% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 4.01% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 4.25% | -0.07% |