Payden Limited Maturity Fund (PYLMX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PYLMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PYLMX
PYLMX charges 0.25% annually. There are 11 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | PYLMX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | PYLMX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | PYLMX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | PYLMX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | PYLMX vs DFYGX |
Best Risk-Adjusted Alternatives to PYLMX
PYLMX has a PortfoliosLab risk / return rank of 97. There are 46 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | PYLMX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | PYLMX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | PYLMX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | PYLMX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | PYLMX vs ENIAX |
Top Performing PYLMX Alternatives (YTD)
PYLMX is at 1.39% YTD. There are 37 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | PYLMX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | PYLMX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | PYLMX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | PYLMX vs MYFRX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 1.64% | — | Jul 2017 | PYLMX vs TRSTX |
Lowest Volatility Alternatives to PYLMX
PYLMX has 1.56% 1-year volatility. There are 54 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | PYLMX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | PYLMX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | PYLMX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | PYLMX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | PYLMX vs BUBIX |
Lowest Drawdown Alternatives to PYLMX
PYLMX has a 1-year max drawdown of -0.52%. There are 44 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | PYLMX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | PYLMX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | PYLMX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | PYLMX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | PYLMX vs NUSIX |
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 | PYLMX vs PYHRX | |
| Payden Floating Rate Fund | Bank Loan | 98 | 1.52% | — | Nov 2013 | PYLMX vs PYFRX | |
| Payden Emerging Markets Local Bond Fund | Emerging Markets Bonds | 30 | 1.20% | — | Nov 2011 | PYLMX vs PYELX | |
| Payden Global Low Duration Fund | Global Bonds | 80 | 0.64% | — | Sep 1996 | PYLMX vs PYGSX | |
| Payden Absolute Return Bond Fund | Nontraditional Bonds | 68 | 0.82% | — | Nov 2014 | PYLMX vs PYARX | |
| Payden Emerging Markets Corporate Bond Fund | Emerging Markets Bonds | 89 | 1.98% | — | Nov 2013 | PYLMX vs PYCEX | |
| Payden/Kravitz Cash Balance Plan Fund | Multisector Bonds | 83 | 1.51% | — | Sep 2008 | PYLMX vs PKBIX | |
| Payden Core Bond Fund | Intermediate Core-Plus Bond | 31 | 0.39% | — | Dec 1993 | PYLMX vs PYCBX | |
| Payden Corporate Bond Fund | Corporate Bonds | 24 | 0.47% | — | Mar 2009 | PYLMX vs PYACX | |
| Payden Equity Income Fund | Large Cap Value Equities | 64 | 9.82% | — | Nov 1996 | PYLMX vs PYVLX |
Often Compared With PYLMX
Investors most often compare PYLMX with FLTR, PYGFX, TRBUX. These 18 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PYLMX with Any Fund or Stock
Compare PYLMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PYLMX with funds that move differently
Payden Limited Maturity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PYLMX.
Explore PYLMX Diversifiers