Payden High Income Fund (PYHRX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PYHRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PYHRX
PYHRX charges 0.60% annually. There are 28 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | PYHRX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | PYHRX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PYHRX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | PYHRX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | PYHRX vs CRDOX |
Best Risk-Adjusted Alternatives to PYHRX
PYHRX has a PortfoliosLab risk / return rank of 95. There are 9 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | PYHRX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | PYHRX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PYHRX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | PYHRX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | PYHRX vs PSHNX |
Top Performing PYHRX Alternatives (YTD)
PYHRX is at 2.60% YTD. There are 35 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fairholme Focused Income Fund | 10.25% | — | Dec 2009 | PYHRX vs FOCIX | |
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | PYHRX vs XILSX | |
| Fidelity Capital & Income Fund | 6.80% | — | Nov 1977 | PYHRX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.24% | — | Oct 2018 | PYHRX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.18% | — | Jul 1995 | PYHRX vs FAHCX |
Lowest Volatility Alternatives to PYHRX
PYHRX has 2.48% 1-year volatility. There are 21 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | PYHRX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | PYHRX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | PYHRX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | PYHRX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | PYHRX vs OSTIX |
Lowest Drawdown Alternatives to PYHRX
PYHRX has a 1-year max drawdown of -2.02%. There are 41 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | PYHRX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | PYHRX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | PYHRX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | PYHRX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | PYHRX vs SCFIX |
Other Mutual Funds from Paydenfunds
The 10 most viewed Paydenfunds mutual funds shown here include PYFRX, PYELX, PYGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | Bank Loan | 98 | 2.08% | — | Nov 2013 | PYHRX vs PYFRX | |
| Payden Emerging Markets Local Bond Fund | Emerging Markets Bonds | 28 | 1.27% | — | Nov 2011 | PYHRX vs PYELX | |
| Payden Global Low Duration Fund | Global Bonds | 84 | 0.78% | — | Sep 1996 | PYHRX vs PYGSX | |
| Payden Emerging Markets Corporate Bond Fund | Emerging Markets Bonds | 91 | 2.15% | — | Nov 2013 | PYHRX vs PYCEX | |
| Payden Limited Maturity Fund | Ultrashort Bond | 98 | 1.65% | — | Apr 1994 | PYHRX vs PYLMX | |
| Payden Absolute Return Bond Fund | Nontraditional Bonds | 80 | 1.33% | — | Nov 2014 | PYHRX vs PYARX | |
| Payden/Kravitz Cash Balance Plan Fund | Multisector Bonds | 91 | 2.02% | — | Sep 2008 | PYHRX vs PKBIX | |
| Payden Core Bond Fund | Intermediate Core-Plus Bond | 24 | -0.27% | — | Dec 1993 | PYHRX vs PYCBX | |
| Payden Corporate Bond Fund | Corporate Bonds | 18 | -0.38% | — | Mar 2009 | PYHRX vs PYACX | |
| Payden Equity Income Fund | Large Cap Value Equities | 80 | 11.26% | — | Nov 1996 | PYHRX vs PYVLX |
Often Compared With PYHRX
Investors most often compare PYHRX with NHFIX, ORDNX, FLRN. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare PYHRX with Any Fund or Stock
Compare PYHRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PYHRX with funds that move differently
Payden High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PYHRX.
Explore PYHRX Diversifiers