LUBYX vs. CLIP
Compare and contrast key facts about Lord Abbett Ultra Short Bond Fund (LUBYX) and Global X 1-3 Month T-Bill ETF (CLIP).
LUBYX is managed by Lord Abbett. It was launched on Oct 17, 2016. CLIP is a passively managed fund by Global X that tracks the performance of the Solactive 1-3 month US T-Bill Index - USD. It was launched on Jun 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LUBYX or CLIP.
Correlation
The correlation between LUBYX and CLIP is 0.08, 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
LUBYX vs. CLIP - Performance Comparison
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Key characteristics
LUBYX:
3.46
CLIP:
11.89
LUBYX:
12.97
CLIP:
32.85
LUBYX:
4.06
CLIP:
7.61
LUBYX:
18.78
CLIP:
88.62
LUBYX:
76.96
CLIP:
492.19
LUBYX:
0.07%
CLIP:
0.01%
LUBYX:
1.62%
CLIP:
0.40%
LUBYX:
-2.59%
CLIP:
-0.08%
LUBYX:
-0.10%
CLIP:
0.00%
Returns By Period
In the year-to-date period, LUBYX achieves a 1.52% return, which is significantly lower than CLIP's 1.61% return.
LUBYX
1.52%
0.50%
2.46%
5.62%
5.02%
3.07%
N/A
CLIP
1.61%
0.36%
2.16%
4.78%
N/A
N/A
N/A
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LUBYX vs. CLIP - Expense Ratio Comparison
LUBYX has a 0.28% expense ratio, which is higher than CLIP's 0.07% expense ratio.
Risk-Adjusted Performance
LUBYX vs. CLIP — Risk-Adjusted Performance Rank
LUBYX
CLIP
LUBYX vs. CLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Ultra Short Bond Fund (LUBYX) and Global X 1-3 Month T-Bill ETF (CLIP). 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.
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Dividends
LUBYX vs. CLIP - Dividend Comparison
LUBYX's dividend yield for the trailing twelve months is around 5.06%, more than CLIP's 4.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
LUBYX Lord Abbett Ultra Short Bond Fund | 5.06% | 5.15% | 4.45% | 2.15% | 0.75% | 1.17% | 2.55% | 2.27% | 0.52% |
CLIP Global X 1-3 Month T-Bill ETF | 4.74% | 5.11% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LUBYX vs. CLIP - Drawdown Comparison
The maximum LUBYX drawdown since its inception was -2.59%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for LUBYX and CLIP. For additional features, visit the drawdowns tool.
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Volatility
LUBYX vs. CLIP - Volatility Comparison
Lord Abbett Ultra Short Bond Fund (LUBYX) has a higher volatility of 0.52% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.12%. This indicates that LUBYX's price experiences larger fluctuations and is considered to be riskier than CLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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