PFF vs. LSYIX
PFF (iShares Preferred and Income Securities ETF) and LSYIX (Lord Abbett Short Duration High Yield Fund) are both funds - PFF is a Preferred Stock/Convertible Bonds fund tracking the ICE Exchange-Listed Preferred & Hybrid Securities Index, while LSYIX is a High Yield Bonds fund managed by Lord Abbett. Over the past 5 years, PFF returned 1.45%/yr vs 4.68%/yr for LSYIX. A 0.58 correlation means they provide meaningful diversification when combined. PFF charges 0.46%/yr vs 0.45%/yr for LSYIX.
Performance
PFF vs. LSYIX - Performance Comparison
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Returns By Period
In the year-to-date period, PFF achieves a 2.93% return, which is significantly higher than LSYIX's 2.45% return.
PFF
- 1D
- 0.45%
- 1M
- 0.83%
- YTD
- 2.93%
- 6M
- 2.33%
- 1Y
- 9.03%
- 3Y*
- 7.05%
- 5Y*
- 1.45%
- 10Y*
- 3.30%
LSYIX
- 1D
- 0.10%
- 1M
- 1.08%
- YTD
- 2.45%
- 6M
- 3.31%
- 1Y
- 8.26%
- 3Y*
- 8.65%
- 5Y*
- 4.68%
- 10Y*
- —
PFF vs. LSYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 2.93% | 4.87% | 7.24% | 9.22% | -18.19% | 7.15% | 19.46% |
LSYIX Lord Abbett Short Duration High Yield Fund | 2.45% | 7.71% | 8.65% | 10.63% | -7.19% | 4.69% | 14.35% |
Correlation
The correlation between PFF and LSYIX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.58 |
The correlation between PFF and LSYIX has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
PFF vs. LSYIX — Risk / Return Rank
PFF
LSYIX
PFF vs. LSYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and Lord Abbett Short Duration High Yield Fund (LSYIX). 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.
| PFF | LSYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.56 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.93 | -1.21 |
| Martin ratioReturn relative to average drawdown | 5.21 | 14.28 | -9.07 |
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Drawdowns
PFF vs. LSYIX - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, which is greater than LSYIX's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for PFF and LSYIX.
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Drawdown Indicators
| PFF | LSYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.55% | -10.79% | -54.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | -2.83% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -10.63% | -5.29% | -5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | -10.79% | -10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -0.10% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -1.84% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 0.58% | +1.15% |
Volatility
PFF vs. LSYIX - Volatility Comparison
iShares Preferred and Income Securities ETF (PFF) has a higher volatility of 2.08% compared to Lord Abbett Short Duration High Yield Fund (LSYIX) at 1.00%. This indicates that PFF's price experiences larger fluctuations and is considered to be riskier than LSYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFF | LSYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 1.00% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 5.28% | 2.81% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 3.56% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 4.33% | +6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 4.22% | +8.45% |
PFF vs. LSYIX - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is higher than LSYIX's 0.45% expense ratio.
Dividends
PFF vs. LSYIX - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 5.47%, less than LSYIX's 8.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSYIX Lord Abbett Short Duration High Yield Fund | 8.06% | 8.11% | 8.18% | 6.51% | 5.01% | 5.96% | 4.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFF iShares Preferred and Income Securities ETF | 5.47% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
Frequently Asked Questions
PFF and LSYIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFF has higher volatility (2.08%) compared to LSYIX (1.00%). In terms of maximum drawdown, PFF dropped -65.55% vs LSYIX's -10.79%.
LSYIX currently has the higher Sharpe Ratio (2.33 vs 1.31), 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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