LSYIX vs. PSHNX

Last updated Jun 24, 2026

LSYIX (Lord Abbett Short Duration High Yield Fund) and PSHNX (Penn Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 5 years, LSYIX returned 4.64%/yr vs 4.82%/yr for PSHNX. A 0.76 correlation means they provide meaningful diversification when combined. LSYIX charges 0.45%/yr vs 1.01%/yr for PSHNX.

Performance

LSYIX vs. PSHNX - Performance Comparison

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

Returns By Period

In the year-to-date period, LSYIX achieves a 2.34% return, which is significantly higher than PSHNX's 1.84% return.

LSYIX

• 1D: -0.10%
• 1M: 0.87%
• YTD: 2.34%
• 6M: 3.10%
• 1Y: 8.03%
• 3Y*: 8.84%
• 5Y*: 4.64%
• 10Y*: —

PSHNX

• 1D: 0.00%
• 1M: 0.68%
• YTD: 1.84%
• 6M: 2.05%
• 1Y: 5.89%
• 3Y*: 7.32%
• 5Y*: 4.82%
• 10Y*: —

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

LSYIX vs. PSHNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LSYIX Lord Abbett Short Duration High Yield Fund	2.34%	7.71%	8.65%	10.63%	-7.19%	4.69%	14.35%
PSHNX Penn Capital Short Duration High Income Fund	1.84%	7.72%	7.19%	8.72%	-2.26%	3.43%	8.52%

Correlation

The correlation between LSYIX and PSHNX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020	0.76

The correlation between LSYIX and PSHNX has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

Return for Risk

LSYIX vs. PSHNX — Risk / Return Rank

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

LSYIX

LSYIX Risk / Return Rank: 79
LSYIX Sharpe Ratio Rank: 74
LSYIX Sortino Ratio Rank: 92
LSYIX Omega Ratio Rank: 86
LSYIX Calmar Ratio Rank: 62
LSYIX Martin Ratio Rank: 81

PSHNX

PSHNX Risk / Return Rank: 96
PSHNX Sharpe Ratio Rank: 96
PSHNX Sortino Ratio Rank: 97
PSHNX Omega Ratio Rank: 96
PSHNX Calmar Ratio Rank: 95
PSHNX Martin Ratio Rank: 98

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.

LSYIX vs. PSHNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYIX) and Penn Capital Short Duration High Income Fund (PSHNX). 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	PSHNX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	3.25	-0.95
Sortino ratio: Return per unit of downside risk	4.26	5.30	-1.04
Omega ratio: Gain probability vs. loss probability	1.55	1.77	-0.22
Calmar ratio: Return relative to maximum drawdown	2.89	5.36	-2.47
Martin ratio: Return relative to average drawdown	14.08	27.21	-13.13

LSYIX vs. PSHNX - Sharpe Ratio Comparison

The current LSYIX Sharpe Ratio is 2.30, which is comparable to the PSHNX Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of LSYIX and PSHNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LSYIX vs. PSHNX - Drawdown Comparison

The maximum LSYIX drawdown since its inception was -10.79%, smaller than the maximum PSHNX drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for LSYIX and PSHNX.

Drawdown Indicators

	LSYIX	PSHNX	Difference
Max Drawdown Largest peak-to-trough decline	-10.79%	-14.53%	+3.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	-1.14%	-1.69%
Max Drawdown (3Y) Largest decline over 3 years	-5.29%	-2.83%	-2.46%
Max Drawdown (5Y) Largest decline over 5 years	-10.79%	-6.02%	-4.77%
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-1.84%	-0.88%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.23%	+0.35%

Volatility

LSYIX vs. PSHNX - Volatility Comparison

Lord Abbett Short Duration High Yield Fund (LSYIX) has a higher volatility of 0.98% compared to Penn Capital Short Duration High Income Fund (PSHNX) at 0.44%. This indicates that LSYIX's price experiences larger fluctuations and is considered to be riskier than PSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSYIX	PSHNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.44%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	1.48%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	3.57%	1.89%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	2.65%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.22%	3.15%	+1.07%

LSYIX vs. PSHNX - Expense Ratio Comparison

LSYIX has a 0.45% expense ratio, which is lower than PSHNX's 1.01% expense ratio.

Dividends

LSYIX vs. PSHNX - Dividend Comparison

LSYIX's dividend yield for the trailing twelve months is around 8.07%, more than PSHNX's 6.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSYIX Lord Abbett Short Duration High Yield Fund	8.07%	8.11%	8.18%	6.51%	5.01%	5.96%	4.75%	0.00%	0.00%	0.00%
PSHNX Penn Capital Short Duration High Income Fund	6.06%	6.27%	6.43%	4.95%	3.47%	3.17%	3.95%	3.65%	3.13%	1.46%

Frequently Asked Questions

Can I hold both LSYIX and PSHNX in my portfolio?

LSYIX and PSHNX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSYIX or PSHNX?

LSYIX has higher volatility (0.98%) compared to PSHNX (0.44%). In terms of maximum drawdown, LSYIX dropped -10.79% vs PSHNX's -14.53%.

Which has better risk-adjusted returns?

PSHNX currently has the higher Sharpe Ratio (3.25 vs 2.30), 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.