Payden Absolute Return Bond Fund (PYARX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PYARX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PYARX
PYARX charges 0.70% annually. There are 12 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | PYARX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | PYARX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | PYARX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | PYARX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | PYARX vs PUTIX |
Best Risk-Adjusted Alternatives to PYARX
PYARX has a PortfoliosLab risk / return rank of 68. There are 31 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | PYARX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | Jun 2019 | PYARX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | PYARX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | PYARX vs APFPX | |
| DoubleLine Flexible Income Fund | 98 | — | Apr 2014 | PYARX vs DFLEX |
Top Performing PYARX Alternatives (YTD)
PYARX is at 0.82% YTD. There are 54 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 6.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 6.67% | — | Aug 2010 | PYARX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 4.69% | — | Apr 2015 | PYARX vs PMOTX | |
| Anchor Risk Managed Credit Strategies Fund | 4.38% | — | Sep 2015 | PYARX vs ATCSX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.26% | — | Jun 2007 | PYARX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.00% | — | Mar 2022 | PYARX vs APFPX |
Lowest Volatility Alternatives to PYARX
PYARX has 1.82% 1-year volatility. There are 7 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | PYARX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.23% | — | Jan 2023 | PYARX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.31% | — | Apr 2014 | PYARX vs DFLEX | |
| GMO Opportunistic Income Fund | 1.35% | — | Oct 2011 | PYARX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | PYARX vs BGCIX |
Lowest Drawdown Alternatives to PYARX
PYARX has a 1-year max drawdown of -1.96%. There are 30 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | PYARX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | PYARX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | PYARX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | PYARX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.76% | — | Mar 2011 | PYARX vs PADZX |
Other Mutual Funds from Paydenfunds
The 10 most viewed Paydenfunds mutual funds shown here include PYHRX, PYFRX, PYELX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Payden High Income Fund | High Yield Bonds | 95 | 2.36% | — | Dec 1997 | PYARX vs PYHRX | |
| Payden Floating Rate Fund | Bank Loan | 98 | 1.52% | — | Nov 2013 | PYARX vs PYFRX | |
| Payden Emerging Markets Local Bond Fund | Emerging Markets Bonds | 30 | 1.20% | — | Nov 2011 | PYARX vs PYELX | |
| Payden Global Low Duration Fund | Global Bonds | 80 | 0.64% | — | Sep 1996 | PYARX vs PYGSX | |
| Payden Emerging Markets Corporate Bond Fund | Emerging Markets Bonds | 89 | 1.98% | — | Nov 2013 | PYARX vs PYCEX | |
| Payden Limited Maturity Fund | Ultrashort Bond | 97 | 1.39% | — | Apr 1994 | PYARX vs PYLMX | |
| Payden/Kravitz Cash Balance Plan Fund | Multisector Bonds | 83 | 1.51% | — | Sep 2008 | PYARX vs PKBIX | |
| Payden Core Bond Fund | Intermediate Core-Plus Bond | 31 | 0.39% | — | Dec 1993 | PYARX vs PYCBX | |
| Payden Corporate Bond Fund | Corporate Bonds | 24 | 0.47% | — | Mar 2009 | PYARX vs PYACX | |
| Payden Equity Income Fund | Large Cap Value Equities | 64 | 9.82% | — | Nov 1996 | PYARX vs PYVLX |
Often Compared With PYARX
Investors most often compare PYARX with LLDYX, FXNAX, PYCRX. These 15 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare PYARX with Any Fund or Stock
Compare PYARX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PYARX with funds that move differently
Payden Absolute Return Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PYARX.
Explore PYARX Diversifiers