Payden Absolute Return Bond Fund (PYARX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to PYARX
PYARX charges 0.70% annually. Among mutual funds in the Nontraditional Bonds category, these options have the lowest expense ratios among PYARX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | Oct 2, 2011 | PYARX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | Apr 6, 2015 | PYARX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | Sep 28, 2011 | PYARX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | Dec 30, 2018 | PYARX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | Jan 29, 2009 | PYARX vs PUTIX |
Best Risk-Adjusted Alternatives to PYARX
Among mutual funds in the Nontraditional Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | Jan 27, 2023 | PYARX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | Jun 26, 2007 | PYARX vs EIGMX | |
| PGIM Securitized Credit Fund | 99 | Jun 30, 2019 | PYARX vs SCFZX | |
| Artisan Global Unconstrained Fund | 99 | Mar 30, 2022 | PYARX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 99 | Aug 30, 2010 | PYARX vs EGRIX |
Top Performing PYARX Alternatives (YTD)
PYARX alternatives from the Nontraditional Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Artisan Global Unconstrained Fund | 4.02% | Mar 30, 2022 | PYARX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 3.59% | Aug 30, 2010 | PYARX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 2.63% | Apr 6, 2015 | PYARX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 2.43% | Jun 26, 2007 | PYARX vs EIGMX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | PYARX vs CBYYX |
Lowest Volatility Alternatives to PYARX
PYARX alternatives from the Nontraditional Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | PYARX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.40% | Apr 6, 2014 | PYARX vs DFLEX | |
| Dunham Long/Short Credit Fund | 1.45% | Dec 9, 2004 | PYARX vs DCAIX | |
| Anfield Universal Fixed Income Fund | 1.58% | Jun 27, 2013 | PYARX vs AFLIX | |
| GMO Opportunistic Income Fund | 1.64% | Oct 2, 2011 | PYARX vs GMODX |
Lowest Drawdown Alternatives to PYARX
PYARX alternatives from the Nontraditional Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.18% | Jan 27, 2023 | PYARX vs CBYYX | |
| Dunham Long/Short Credit Fund | -0.84% | Dec 9, 2004 | PYARX vs DCAIX | |
| PGIM Absolute Return Bond Fund | -0.87% | Mar 29, 2011 | PYARX vs PADZX | |
| Toews Unconstrained Income Fund | -0.87% | Aug 27, 2013 | PYARX vs TUIFX | |
| PGIM Securitized Credit Fund | -0.93% | Jun 30, 2019 | PYARX vs SCFZX |
Other Mutual Funds from Paydenfunds
Most popular Paydenfunds mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Payden High Income Fund | High Yield Bonds | 34 | -0.50% | Dec 30, 1997 | PYARX vs PYHRX | |
| Payden Floating Rate Fund | Bank Loan | 94 | -0.31% | Nov 10, 2013 | PYARX vs PYFRX | |
| Payden Emerging Markets Local Bond Fund | Emerging Markets Bonds | 36 | -3.61% | Nov 1, 2011 | PYARX vs PYELX | |
| Payden Limited Maturity Fund | Ultrashort Bond | 99 | 0.19% | Apr 29, 1994 | PYARX vs PYLMX | |
| Payden/Kravitz Cash Balance Plan Fund | Multisector Bonds | 77 | -0.81% | Sep 21, 2008 | PYARX vs PKBIX | |
| Payden Equity Income Fund | Large Cap Value Equities | 45 | -1.31% | Nov 1, 1996 | PYARX vs PYVLX | |
| Payden Core Bond Fund | Intermediate Core-Plus Bond | 55 | -0.57% | Dec 31, 1993 | PYARX vs PYCBX | |
| Payden Global Low Duration Fund | Global Bonds | 97 | 0.15% | Sep 17, 1996 | PYARX vs PYGSX | |
| Payden Corporate Bond Fund | Corporate Bonds | 41 | -1.23% | Mar 12, 2009 | PYARX vs PYACX | |
| Payden California Municipal Social Impact Fund | Municipal Bonds | 67 | -0.46% | Dec 16, 1998 | PYARX vs PYCRX |
Often Compared With PYARX
What investors most often compare with PYARX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Fidelity U.S. Bond Index Fund | Total Bond Market | 56 | -0.45% | — | PYARX vs FXNAX | |
| Lord Abbett Short Duration Income Fund | Total Bond Market | 93 | -0.47% | Oct 19, 2004 | PYARX vs LLDYX | |
| Payden Global Fixed Income Fund | Global Bonds | 34 | -0.95% | Aug 31, 1992 | PYARX vs PYGFX |
Compare PYARX with Any Fund or Stock
Compare PYARX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.