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 | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | PYARX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | PYARX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | PYARX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | PYARX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | PYARX vs FPFIX |
Best Risk-Adjusted Alternatives to PYARX
PYARX has a PortfoliosLab risk / return rank of 82. There are 19 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | PYARX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | PYARX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | 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 |
Top Performing PYARX Alternatives (YTD)
PYARX is at 1.39% YTD. There are 23 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.55% | — | Aug 2010 | PYARX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | PYARX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | PYARX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.11% | — | Mar 2022 | PYARX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.56% | — | Jul 2021 | PYARX vs CELFX |
Lowest Volatility Alternatives to PYARX
PYARX has 1.69% 1-year volatility. There are 8 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | PYARX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.07% | — | Dec 2004 | PYARX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | PYARX vs CBYYX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | PYARX vs BGCIX | |
| GMO Opportunistic Income Fund | 1.43% | — | Oct 2011 | PYARX vs GMODX |
Lowest Drawdown Alternatives to PYARX
PYARX has a 1-year max drawdown of -1.96%. There are 29 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 | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | PYARX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | PYARX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.49% | — | Dec 2004 | PYARX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | PYARX vs GMODX |
Other Mutual Funds from Paydenfunds
The 10 most viewed Paydenfunds mutual funds shown here include PYFRX, PYHRX, PYELX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | Bank Loan | 98 | 2.36% | — | Nov 2013 | PYARX vs PYFRX | |
| Payden High Income Fund | High Yield Bonds | 93 | 2.35% | — | Dec 1997 | PYARX vs PYHRX | |
| Payden Emerging Markets Local Bond Fund | Emerging Markets Bonds | 40 | 1.46% | — | Nov 2011 | PYARX vs PYELX | |
| Payden Global Low Duration Fund | Global Bonds | 88 | 0.96% | — | Sep 1996 | PYARX vs PYGSX | |
| Payden Emerging Markets Corporate Bond Fund | Emerging Markets Bonds | 87 | 1.90% | — | Nov 2013 | PYARX vs PYCEX | |
| Payden/Kravitz Cash Balance Plan Fund | Multisector Bonds | 92 | 2.12% | — | Sep 2008 | PYARX vs PKBIX | |
| Payden Limited Maturity Fund | Ultrashort Bond | 98 | 1.65% | — | Apr 1994 | PYARX vs PYLMX | |
| Payden Corporate Bond Fund | Corporate Bonds | 11 | -1.11% | — | Mar 2009 | PYARX vs PYACX | |
| Payden Core Bond Fund | Intermediate Core-Plus Bond | 19 | -0.73% | — | Dec 1993 | PYARX vs PYCBX | |
| Payden Equity Income Fund | Dividend, Large Cap Value Equities | 84 | 12.33% | — | Nov 1996 | PYARX vs PYVLX |
Often Compared With PYARX
Investors most often compare PYARX with LLDYX, FXNAX, PYCRX. These 18 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