TMAYX vs. LSYAX
Compare and contrast key facts about Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) and Lord Abbett Short Duration High Yield Fund (LSYAX).
TMAYX is an actively managed fund by Touchstone. It was launched on Aug 31, 2015. LSYAX is a passively managed fund by Lord Abbett that tracks the performance of the ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index. It was launched on May 1, 2020.
Performance
TMAYX vs. LSYAX - Performance Comparison
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TMAYX vs. LSYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | -0.58% | 6.15% | 8.27% | 13.25% | -8.54% | 9.47% | 21.31% |
LSYAX Lord Abbett Short Duration High Yield Fund | -1.81% | 7.50% | 8.46% | 10.60% | -7.21% | 4.50% | 14.22% |
Returns By Period
In the year-to-date period, TMAYX achieves a -0.58% return, which is significantly higher than LSYAX's -1.81% return.
TMAYX
- 1D
- 0.11%
- 1M
- -1.64%
- YTD
- -0.58%
- 6M
- -0.07%
- 1Y
- 5.70%
- 3Y*
- 7.97%
- 5Y*
- 4.71%
- 10Y*
- 4.39%
LSYAX
- 1D
- 0.00%
- 1M
- -2.66%
- YTD
- -1.81%
- 6M
- -0.62%
- 1Y
- 5.29%
- 3Y*
- 7.23%
- 5Y*
- 3.96%
- 10Y*
- —
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TMAYX vs. LSYAX - Expense Ratio Comparison
TMAYX has a 0.78% expense ratio, which is higher than LSYAX's 0.65% expense ratio.
Return for Risk
TMAYX vs. LSYAX — Risk / Return Rank
TMAYX
LSYAX
TMAYX vs. LSYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) 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.
| TMAYX | LSYAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.36 | +0.26 |
Sortino ratioReturn per unit of downside risk | 2.23 | 1.89 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.33 | +0.33 |
Martin ratioReturn relative to average drawdown | 7.82 | 5.48 | +2.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMAYX | LSYAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.36 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.95 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.41 | -0.58 |
Correlation
The correlation between TMAYX and LSYAX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TMAYX vs. LSYAX - Dividend Comparison
TMAYX's dividend yield for the trailing twelve months is around 7.89%, more than LSYAX's 7.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | 7.89% | 7.25% | 7.82% | 7.91% | 6.25% | 6.37% | 6.43% | 3.81% | 2.18% | 4.47% | 2.86% | 1.81% |
LSYAX Lord Abbett Short Duration High Yield Fund | 7.42% | 7.91% | 8.01% | 6.38% | 4.86% | 5.77% | 4.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TMAYX vs. LSYAX - Drawdown Comparison
The maximum TMAYX drawdown since its inception was -21.44%, which is greater than LSYAX's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for TMAYX and LSYAX.
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Drawdown Indicators
| TMAYX | LSYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -10.79% | -10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -4.12% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -13.66% | -10.79% | -2.87% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -2.84% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -1.91% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.00% | -0.33% |
Volatility
TMAYX vs. LSYAX - Volatility Comparison
The current volatility for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) is 1.03%, while Lord Abbett Short Duration High Yield Fund (LSYAX) has a volatility of 1.29%. This indicates that TMAYX experiences smaller price fluctuations and is considered to be less risky 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
| TMAYX | LSYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.29% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 2.42% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 4.28% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 4.21% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 4.18% | +0.86% |