Correlation
The correlation between SDHIX and MUB is 0.06, 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.
SDHIX vs. MUB
Compare and contrast key facts about Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) and iShares National AMT-Free Muni Bond ETF (MUB).
SDHIX is managed by Lord Abbett. It was launched on Jun 14, 2015. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDHIX or MUB.
Performance
SDHIX vs. MUB - Performance Comparison
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Key characteristics
SDHIX:
1.14
MUB:
0.30
SDHIX:
1.40
MUB:
0.36
SDHIX:
1.27
MUB:
1.05
SDHIX:
1.09
MUB:
0.26
SDHIX:
4.12
MUB:
0.75
SDHIX:
0.88%
MUB:
1.63%
SDHIX:
3.50%
MUB:
4.78%
SDHIX:
-12.84%
MUB:
-13.68%
SDHIX:
-1.38%
MUB:
-3.08%
Returns By Period
In the year-to-date period, SDHIX achieves a 0.15% return, which is significantly higher than MUB's -1.50% return.
SDHIX
0.15%
-0.00%
-0.06%
3.64%
2.88%
2.49%
N/A
MUB
-1.50%
-0.52%
-2.82%
1.27%
1.42%
0.33%
1.98%
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SDHIX vs. MUB - Expense Ratio Comparison
SDHIX has a 0.50% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
SDHIX vs. MUB — Risk-Adjusted Performance Rank
SDHIX
MUB
SDHIX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) and iShares National AMT-Free Muni Bond ETF (MUB). 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
SDHIX vs. MUB - Dividend Comparison
SDHIX's dividend yield for the trailing twelve months is around 3.91%, more than MUB's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund | 3.91% | 4.16% | 3.93% | 3.28% | 2.10% | 2.84% | 3.01% | 2.97% | 2.88% | 2.89% | 1.56% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.15% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
SDHIX vs. MUB - Drawdown Comparison
The maximum SDHIX drawdown since its inception was -12.84%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for SDHIX and MUB.
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Volatility
SDHIX vs. MUB - Volatility Comparison
The current volatility for Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) is 0.51%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.10%. This indicates that SDHIX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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