Payden Floating Rate Fund (PYFRX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PYFRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PYFRX
PYFRX charges 0.70% annually. There are 13 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | PYFRX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | PYFRX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | PYFRX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | PYFRX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | PYFRX vs LFRIX |
Best Risk-Adjusted Alternatives to PYFRX
PYFRX has a PortfoliosLab risk / return rank of 98. There are 2 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | PYFRX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | PYFRX vs CAPIX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | PYFRX vs SAMBX | |
| PGIM Floating Rate Income Fund | 96 | — | Mar 2011 | PYFRX vs FRFZX | |
| Delaware Floating Rate Fund | 95 | — | Feb 2010 | PYFRX vs DDFLX |
Top Performing PYFRX Alternatives (YTD)
PYFRX is at 2.08% YTD. There are 15 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.74% | — | Dec 2009 | PYFRX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 3.54% | — | Jan 2017 | PYFRX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 3.03% | — | Feb 2006 | PYFRX vs SAMBX | |
| Credit Suisse Floating Rate High Income Fund | 3.03% | — | Mar 1999 | PYFRX vs CHIAX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.87% | — | Jun 2023 | PYFRX vs CAPIX |
Lowest Volatility Alternatives to PYFRX
PYFRX has 1.25% 1-year volatility. There is 1 mutual fund in the Bank Loan category with lower 1-year volatility, going as low as 0.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.76% | — | Sep 2016 | PYFRX vs RCRIX | |
| BNY Mellon Floating Rate Income Fund | 1.35% | — | Sep 2013 | PYFRX vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.67% | — | Dec 2017 | PYFRX vs FLOTX | |
| Dunham Floating Rate Bond Fund | 1.67% | — | Oct 2013 | PYFRX vs DAFRX | |
| Shenkman Capital Floating Rate High Income Fund | 1.69% | — | Oct 2014 | PYFRX vs SFHIX |
Lowest Drawdown Alternatives to PYFRX
PYFRX has a 1-year max drawdown of -0.97%. There are 8 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | PYFRX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | PYFRX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | PYFRX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | PYFRX vs PSFIX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | PYFRX vs CFOIX |
Other Mutual Funds from Paydenfunds
The 10 most viewed Paydenfunds mutual funds shown here include PYHRX, PYELX, PYGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Payden High Income Fund | High Yield Bonds | 95 | 2.68% | — | Dec 1997 | PYFRX vs PYHRX | |
| Payden Emerging Markets Local Bond Fund | Emerging Markets Bonds | 30 | 1.78% | — | Nov 2011 | PYFRX vs PYELX | |
| Payden Global Low Duration Fund | Global Bonds | 85 | 0.88% | — | Sep 1996 | PYFRX vs PYGSX | |
| Payden Emerging Markets Corporate Bond Fund | Emerging Markets Bonds | 91 | 2.27% | — | Nov 2013 | PYFRX vs PYCEX | |
| Payden Limited Maturity Fund | Ultrashort Bond | 98 | 1.65% | — | Apr 1994 | PYFRX vs PYLMX | |
| Payden Absolute Return Bond Fund | Nontraditional Bonds | 77 | 1.33% | — | Nov 2014 | PYFRX vs PYARX | |
| Payden/Kravitz Cash Balance Plan Fund | Multisector Bonds | 89 | 2.02% | — | Sep 2008 | PYFRX vs PKBIX | |
| Payden Core Bond Fund | Intermediate Core-Plus Bond | 24 | 0.06% | — | Dec 1993 | PYFRX vs PYCBX | |
| Payden Corporate Bond Fund | Corporate Bonds | 16 | -0.07% | — | Mar 2009 | PYFRX vs PYACX | |
| Payden Equity Income Fund | Large Cap Value Equities | 78 | 11.26% | — | Nov 1996 | PYFRX vs PYVLX |
Often Compared With PYFRX
Investors most often compare PYFRX with DHEAX, MNHYX, FFRHX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PYFRX with Any Fund or Stock
Compare PYFRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PYFRX with funds that move differently
Payden Floating Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PYFRX.
Explore PYFRX Diversifiers