SDHIX vs. LSYAX
SDHIX (Lord Abbett Short Duration High Income Municipal Bond Fund) and LSYAX (Lord Abbett Short Duration High Yield Fund) are both mutual funds - SDHIX is a High Yield Muni fund managed by Lord Abbett, while LSYAX is a High Yield Bonds fund tracking the ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index. Over the past 5 years, SDHIX returned 0.92%/yr vs 4.25%/yr for LSYAX. Their 0.41 correlation means their historical movements had little consistent relationship. SDHIX charges 0.50%/yr vs 0.65%/yr for LSYAX.
Performance
SDHIX vs. LSYAX - Performance Comparison
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Returns By Period
In the year-to-date period, SDHIX achieves a 1.14% return, which is significantly lower than LSYAX's 1.63% return.
SDHIX
- 1D
- -0.07%
- 1M
- -1.26%
- 6M
- 0.13%
- YTD
- 1.14%
- 1Y
- 4.39%
- 3Y*
- 4.36%
- 5Y*
- 0.92%
- 10Y*
- 1.92%
- ALL TIME*
- 2.01%
LSYAX
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 0.67%
- YTD
- 1.63%
- 1Y
- 5.24%
- 3Y*
- 7.64%
- 5Y*
- 4.25%
- 10Y*
- —
- ALL TIME*
- 6.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SDHIX vs. LSYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund | 1.14% | 5.24% | 5.38% | 3.71% | -9.77% | 3.85% | 9.27% |
LSYAX Lord Abbett Short Duration High Yield Fund | 1.63% | 7.50% | 8.46% | 10.60% | -7.21% | 4.50% | 14.22% |
Correlation
The correlation between SDHIX and LSYAX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.41 |
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Return for Risk
SDHIX vs. LSYAX — Risk / Return Rank
SDHIX
LSYAX
SDHIX vs. LSYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) and Lord Abbett Short Duration High Yield Fund (LSYAX). 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.
| SDHIX | LSYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.33 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.82 | +0.40 |
| Martin ratioReturn relative to average drawdown | 8.15 | 8.29 | -0.14 |
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Drawdowns
SDHIX vs. LSYAX - Drawdown Comparison
The maximum SDHIX drawdown since its inception was -13.36%, which is greater than LSYAX's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for SDHIX and LSYAX.
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Drawdown Indicators
| SDHIX | LSYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.36% | -10.79% | -2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -2.84% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -5.30% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -13.36% | -10.79% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -13.36% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.03% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -1.82% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.62% | -0.05% |
Volatility
SDHIX vs. LSYAX - Volatility Comparison
Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) has a higher volatility of 0.65% compared to Lord Abbett Short Duration High Yield Fund (LSYAX) at 0.51%. This indicates that SDHIX's price experiences larger fluctuations and is considered to be riskier than LSYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHIX | LSYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.51% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 2.88% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 3.56% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 4.30% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 4.17% | -1.14% |
SDHIX vs. LSYAX - Expense Ratio Comparison
SDHIX has a 0.50% expense ratio, which is lower than LSYAX's 0.65% expense ratio.
Dividends
SDHIX vs. LSYAX - Dividend Comparison
SDHIX's dividend yield for the trailing twelve months is around 4.04%, less than LSYAX's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LSYAX Lord Abbett Short Duration High Yield Fund | 7.29% | 7.91% | 8.01% | 6.38% | 4.86% | 5.77% | 4.64% | 0.00% | 0.00% | 0.00% |
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund | 4.04% | 5.00% | 4.17% | 3.28% | 2.21% | 1.68% | 2.84% | 3.00% | 2.97% | 1.19% |
Frequently Asked Questions
SDHIX and LSYAX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDHIX has higher volatility (0.65%) compared to LSYAX (0.51%). In terms of maximum drawdown, SDHIX dropped -13.36% vs LSYAX's -10.79%.
SDHIX currently has the higher Sharpe Ratio (2.24 vs 1.47), 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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