OOSAX vs. LLDYX
Compare and contrast key facts about Invesco Senior Floating Rate Fund (OOSAX) and Lord Abbett Short Duration Income Fund (LLDYX).
OOSAX is managed by Invesco. It was launched on Sep 7, 1999. LLDYX is managed by Lord Abbett. It was launched on Oct 19, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OOSAX or LLDYX.
Key characteristics
| OOSAX | LLDYX | |
|---|---|---|
| YTD Return | 5.78% | 5.28% |
| 1Y Return | 8.78% | 8.01% |
| 3Y Return (Ann) | 6.03% | 1.72% |
| 5Y Return (Ann) | 4.13% | 2.15% |
| 10Y Return (Ann) | 3.47% | 2.41% |
| Sharpe Ratio | 2.69 | 2.93 |
| Daily Std Dev | 3.32% | 2.71% |
| Max Drawdown | -32.11% | -10.53% |
| Current Drawdown | -0.15% | -0.00% |
Correlation
The correlation between OOSAX and LLDYX is 0.20, 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
OOSAX vs. LLDYX - Performance Comparison
In the year-to-date period, OOSAX achieves a 5.78% return, which is significantly higher than LLDYX's 5.28% return. Over the past 10 years, OOSAX has outperformed LLDYX with an annualized return of 3.47%, while LLDYX has yielded a comparatively lower 2.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OOSAX vs. LLDYX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than LLDYX's 0.38% expense ratio.
Risk-Adjusted Performance
OOSAX vs. LLDYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and Lord Abbett Short Duration Income Fund (LLDYX). 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
OOSAX vs. LLDYX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 9.30%, more than LLDYX's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | 9.30% | 8.57% | 8.09% | 4.36% | 4.85% | 5.22% | 4.64% | 4.10% | 4.77% | 4.64% | 4.55% | 4.66% |
LLDYX Lord Abbett Short Duration Income Fund | 5.01% | 4.71% | 3.42% | 2.55% | 3.06% | 3.81% | 4.11% | 3.87% | 4.14% | 4.15% | 4.02% | 4.02% |
Drawdowns
OOSAX vs. LLDYX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.11%, which is greater than LLDYX's maximum drawdown of -10.53%. Use the drawdown chart below to compare losses from any high point for OOSAX and LLDYX. For additional features, visit the drawdowns tool.
Volatility
OOSAX vs. LLDYX - Volatility Comparison
Invesco Senior Floating Rate Fund (OOSAX) and Lord Abbett Short Duration Income Fund (LLDYX) have volatilities of 0.69% and 0.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.