LSYIX vs. FLTR
Compare and contrast key facts about Lord Abbett Short Duration High Yield Fund (LSYIX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
LSYIX is managed by Lord Abbett. It was launched on Apr 30, 2020. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LSYIX or FLTR.
Correlation
The correlation between LSYIX and FLTR is 0.14, 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.
Performance
LSYIX vs. FLTR - Performance Comparison
Key characteristics
LSYIX:
3.08
FLTR:
6.77
LSYIX:
5.74
FLTR:
10.92
LSYIX:
1.85
FLTR:
3.52
LSYIX:
6.56
FLTR:
9.08
LSYIX:
22.36
FLTR:
102.06
LSYIX:
0.44%
FLTR:
0.07%
LSYIX:
3.20%
FLTR:
1.00%
LSYIX:
-10.94%
FLTR:
-17.84%
LSYIX:
0.00%
FLTR:
0.00%
Returns By Period
In the year-to-date period, LSYIX achieves a 1.19% return, which is significantly higher than FLTR's 0.74% return.
LSYIX
1.19%
0.89%
4.44%
9.86%
N/A
N/A
FLTR
0.74%
0.50%
3.36%
6.52%
3.48%
2.90%
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LSYIX vs. FLTR - Expense Ratio Comparison
LSYIX has a 0.45% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Risk-Adjusted Performance
LSYIX vs. FLTR — Risk-Adjusted Performance Rank
LSYIX
FLTR
LSYIX vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYIX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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. FLTR - Dividend Comparison
LSYIX's dividend yield for the trailing twelve months is around 8.32%, more than FLTR's 5.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSYIX Lord Abbett Short Duration High Yield Fund | 8.32% | 8.40% | 7.84% | 6.66% | 5.60% | 4.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 5.78% | 5.93% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% |
Drawdowns
LSYIX vs. FLTR - Drawdown Comparison
The maximum LSYIX drawdown since its inception was -10.94%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for LSYIX and FLTR. For additional features, visit the drawdowns tool.
Volatility
LSYIX vs. FLTR - Volatility Comparison
Lord Abbett Short Duration High Yield Fund (LSYIX) has a higher volatility of 0.73% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.29%. This indicates that LSYIX's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.