Correlation
The correlation between PSYPX and LLDYX is 0.02, 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.
PSYPX vs. LLDYX
Compare and contrast key facts about Palmer Square Income Plus Fund (PSYPX) and Lord Abbett Short Duration Income Fund (LLDYX).
PSYPX is managed by Palmer Square. It was launched on Feb 28, 2014. 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: PSYPX or LLDYX.
Performance
PSYPX vs. LLDYX - Performance Comparison
Loading data...
Key characteristics
PSYPX:
6.43
LLDYX:
2.26
PSYPX:
11.83
LLDYX:
3.51
PSYPX:
3.96
LLDYX:
1.64
PSYPX:
10.37
LLDYX:
5.53
PSYPX:
62.32
LLDYX:
16.77
PSYPX:
0.10%
LLDYX:
0.34%
PSYPX:
0.97%
LLDYX:
2.85%
PSYPX:
-11.43%
LLDYX:
-10.54%
PSYPX:
0.00%
LLDYX:
-0.26%
Returns By Period
In the year-to-date period, PSYPX achieves a 2.10% return, which is significantly higher than LLDYX's 1.99% return. Over the past 10 years, PSYPX has outperformed LLDYX with an annualized return of 3.40%, while LLDYX has yielded a comparatively lower 2.53% annualized return.
PSYPX
2.10%
0.60%
2.47%
6.08%
6.27%
4.73%
3.40%
LLDYX
1.99%
-0.00%
2.62%
5.71%
3.84%
2.72%
2.53%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PSYPX vs. LLDYX - Expense Ratio Comparison
PSYPX has a 0.75% expense ratio, which is higher than LLDYX's 0.38% expense ratio.
Risk-Adjusted Performance
PSYPX vs. LLDYX — Risk-Adjusted Performance Rank
PSYPX
LLDYX
PSYPX vs. LLDYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Palmer Square Income Plus Fund (PSYPX) 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.
Loading data...
Dividends
PSYPX vs. LLDYX - Dividend Comparison
PSYPX's dividend yield for the trailing twelve months is around 5.38%, more than LLDYX's 4.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSYPX Palmer Square Income Plus Fund | 5.38% | 5.53% | 5.31% | 3.24% | 1.28% | 2.08% | 3.10% | 2.85% | 2.52% | 4.27% | 3.25% | 2.59% |
LLDYX Lord Abbett Short Duration Income Fund | 4.76% | 5.18% | 4.71% | 3.42% | 2.52% | 3.04% | 3.80% | 4.15% | 3.88% | 4.14% | 4.15% | 4.02% |
Drawdowns
PSYPX vs. LLDYX - Drawdown Comparison
The maximum PSYPX drawdown since its inception was -11.43%, which is greater than LLDYX's maximum drawdown of -10.54%. Use the drawdown chart below to compare losses from any high point for PSYPX and LLDYX.
Loading data...
Volatility
PSYPX vs. LLDYX - Volatility Comparison
The current volatility for Palmer Square Income Plus Fund (PSYPX) is 0.28%, while Lord Abbett Short Duration Income Fund (LLDYX) has a volatility of 0.79%. This indicates that PSYPX experiences smaller price fluctuations and is considered to be less risky than LLDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...