LSYIX vs. FLCNX
Compare and contrast key facts about Lord Abbett Short Duration High Yield Fund (LSYIX) and Fidelity Contrafund K6 (FLCNX).
LSYIX is managed by Lord Abbett. It was launched on Apr 30, 2020. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LSYIX or FLCNX.
Correlation
The correlation between LSYIX and FLCNX 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.
Performance
LSYIX vs. FLCNX - Performance Comparison
Key characteristics
LSYIX:
1.47
FLCNX:
0.60
LSYIX:
2.02
FLCNX:
0.97
LSYIX:
1.37
FLCNX:
1.14
LSYIX:
1.18
FLCNX:
0.66
LSYIX:
5.27
FLCNX:
2.41
LSYIX:
1.19%
FLCNX:
5.54%
LSYIX:
4.24%
FLCNX:
22.36%
LSYIX:
-10.94%
FLCNX:
-32.55%
LSYIX:
-3.15%
FLCNX:
-12.07%
Returns By Period
In the year-to-date period, LSYIX achieves a -1.46% return, which is significantly higher than FLCNX's -5.08% return.
LSYIX
-1.46%
-2.06%
-0.31%
6.02%
6.15%
N/A
FLCNX
-5.08%
-5.30%
-3.34%
12.16%
16.75%
N/A
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LSYIX vs. FLCNX - Expense Ratio Comparison
Both LSYIX and FLCNX have an expense ratio of 0.45%.
Risk-Adjusted Performance
LSYIX vs. FLCNX — Risk-Adjusted Performance Rank
LSYIX
FLCNX
LSYIX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYIX) and Fidelity Contrafund K6 (FLCNX). 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
LSYIX vs. FLCNX - Dividend Comparison
LSYIX's dividend yield for the trailing twelve months is around 8.62%, more than FLCNX's 0.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
LSYIX Lord Abbett Short Duration High Yield Fund | 8.62% | 8.39% | 7.84% | 6.66% | 5.60% | 4.09% | 0.00% | 0.00% | 0.00% |
FLCNX Fidelity Contrafund K6 | 0.29% | 0.36% | 0.49% | 0.62% | 0.20% | 0.21% | 0.30% | 0.33% | 0.15% |
Drawdowns
LSYIX vs. FLCNX - Drawdown Comparison
The maximum LSYIX drawdown since its inception was -10.94%, smaller than the maximum FLCNX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for LSYIX and FLCNX. For additional features, visit the drawdowns tool.
Volatility
LSYIX vs. FLCNX - Volatility Comparison
The current volatility for Lord Abbett Short Duration High Yield Fund (LSYIX) is 2.88%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 15.03%. This indicates that LSYIX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.