LSYIX vs. VMFXX

Last updated Jun 24, 2026

LSYIX (Lord Abbett Short Duration High Yield Fund) and VMFXX (Vanguard Federal Money Market Fund) are both mutual funds - LSYIX is a High Yield Bonds fund managed by Lord Abbett, while VMFXX is a Money Market fund managed by Vanguard. Over the past 5 years, LSYIX returned 4.64%/yr vs 3.02%/yr for VMFXX. At a 0.28 correlation, their price movements are largely independent. LSYIX charges 0.45%/yr vs 0.11%/yr for VMFXX.

Performance

LSYIX vs. VMFXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Short Duration High Yield Fund (LSYIX) and Vanguard Federal Money Market Fund (VMFXX). 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 VMFXX's 1.50% return.

LSYIX

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

VMFXX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.50%
• 6M: 1.82%
• 1Y: 3.95%
• 3Y*: 4.42%
• 5Y*: 3.02%
• 10Y*: —

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

LSYIX vs. VMFXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LSYIX Lord Abbett Short Duration High Yield Fund	2.34%	7.71%	8.65%	10.63%	-7.19%	2.92%
VMFXX Vanguard Federal Money Market Fund	1.50%	4.24%	4.83%	4.64%	0.00%	0.00%

Correlation

The correlation between LSYIX and VMFXX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 25, 2021	0.28

Return for Risk

LSYIX vs. VMFXX — 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

VMFXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. VMFXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYIX) and Vanguard Federal Money Market Fund (VMFXX). 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	VMFXX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	3.67	-1.38
Sortino ratio: Return per unit of downside risk	4.26	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	2.89	—	—
Martin ratio: Return relative to average drawdown	14.08	—	—

LSYIX vs. VMFXX - Sharpe Ratio Comparison

The current LSYIX Sharpe Ratio is 2.30, which is lower than the VMFXX Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of LSYIX and VMFXX, 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. VMFXX - Drawdown Comparison

The maximum LSYIX drawdown since its inception was -10.79%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for LSYIX and VMFXX.

Drawdown Indicators

	LSYIX	VMFXX	Difference
Max Drawdown Largest peak-to-trough decline	-10.79%	0.00%	-10.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	0.00%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-5.29%	0.00%	-5.29%
Max Drawdown (5Y) Largest decline over 5 years	-10.79%	0.00%	-10.79%
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-1.84%	0.00%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.00%	+0.58%

Volatility

LSYIX vs. VMFXX - Volatility Comparison

Lord Abbett Short Duration High Yield Fund (LSYIX) has a higher volatility of 0.98% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.30%. This indicates that LSYIX's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSYIX	VMFXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.30%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	0.72%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.57%	1.12%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	1.08%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.22%	1.07%	+3.15%

LSYIX vs. VMFXX - Expense Ratio Comparison

LSYIX has a 0.45% expense ratio, which is higher than VMFXX's 0.11% expense ratio.

Dividends

LSYIX vs. VMFXX - Dividend Comparison

LSYIX's dividend yield for the trailing twelve months is around 8.07%, more than VMFXX's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
LSYIX Lord Abbett Short Duration High Yield Fund	8.07%	8.11%	8.18%	6.51%	5.01%	5.96%	4.75%
VMFXX Vanguard Federal Money Market Fund	3.87%	4.14%	4.70%	4.53%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LSYIX and VMFXX in my portfolio?

LSYIX and VMFXX have a correlation of 0.37, 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 VMFXX?

LSYIX has higher volatility (0.98%) compared to VMFXX (0.30%). In terms of maximum drawdown, LSYIX dropped -10.79% vs VMFXX's 0.00%.

Which has better risk-adjusted returns?

VMFXX currently has the higher Sharpe Ratio (3.67 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.