LSYIX vs. HYGW
LSYIX (Lord Abbett Short Duration High Yield Fund) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both High Yield Bonds funds. Over the past 3 years, LSYIX returned 8.65%/yr vs 5.70%/yr for HYGW. A 0.54 correlation means they provide meaningful diversification when combined. LSYIX charges 0.45%/yr vs 0.69%/yr for HYGW.
Performance
LSYIX vs. HYGW - Performance Comparison
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Returns By Period
In the year-to-date period, LSYIX achieves a 2.45% return, which is significantly higher than HYGW's 2.12% return.
LSYIX
- 1D
- 0.10%
- 1M
- 1.08%
- YTD
- 2.45%
- 6M
- 3.31%
- 1Y
- 8.26%
- 3Y*
- 8.65%
- 5Y*
- 4.68%
- 10Y*
- —
HYGW
- 1D
- 0.24%
- 1M
- 0.84%
- YTD
- 2.12%
- 6M
- 2.52%
- 1Y
- 6.56%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
LSYIX vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LSYIX Lord Abbett Short Duration High Yield Fund | 2.45% | 7.71% | 8.65% | 10.63% | -1.07% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 2.12% | 6.19% | 6.99% | 7.31% | -0.39% |
Correlation
The correlation between LSYIX and HYGW is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2022 | 0.54 |
The correlation between LSYIX and HYGW has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
LSYIX vs. HYGW — Risk / Return Rank
LSYIX
HYGW
LSYIX vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYIX) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LSYIX | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.49 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.62 | -0.69 |
| Martin ratioReturn relative to average drawdown | 14.28 | 16.51 | -2.23 |
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Drawdowns
LSYIX vs. HYGW - Drawdown Comparison
The maximum LSYIX drawdown since its inception was -10.79%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for LSYIX and HYGW.
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Drawdown Indicators
| LSYIX | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -5.49% | -5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.82% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.29% | -3.66% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -0.60% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.40% | +0.18% |
Volatility
LSYIX vs. HYGW - Volatility Comparison
Lord Abbett Short Duration High Yield Fund (LSYIX) has a higher volatility of 1.00% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.91%. This indicates that LSYIX's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSYIX | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.91% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.24% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 2.87% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 4.67% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 4.67% | -0.45% |
LSYIX vs. HYGW - Expense Ratio Comparison
LSYIX has a 0.45% expense ratio, which is lower than HYGW's 0.69% expense ratio.
Dividends
LSYIX vs. HYGW - Dividend Comparison
LSYIX's dividend yield for the trailing twelve months is around 8.06%, less than HYGW's 11.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 11.52% | 12.53% | 12.30% | 15.98% | 8.71% | 0.00% | 0.00% |
LSYIX Lord Abbett Short Duration High Yield Fund | 8.06% | 8.11% | 8.18% | 6.51% | 5.01% | 5.96% | 4.75% |
Frequently Asked Questions
LSYIX and HYGW have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSYIX has higher volatility (1.00%) compared to HYGW (0.91%). In terms of maximum drawdown, LSYIX dropped -10.79% vs HYGW's -5.49%.
LSYIX currently has the higher Sharpe Ratio (2.33 vs 2.31), 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.
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