- ISIN
- US7043297396
- CUSIP
- 704329739
- Issuer
- Paydenfunds
- Inception Date
- Nov 1, 1996
- Category
- Large Cap Value Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PYVLX Performance Chart
Payden Equity Income Fund (PYVLX) is up 8.8% since the beginning of the year. PYVLX is currently trading at $18 per share. Investors who bought $1,000 worth of PYVLX shares 5 years ago would now be looking at an investment worth $1,468.
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Returns By Period
Payden Equity Income Fund (PYVLX) has returned 8.81% so far this year and 20.28% over the past 12 months. Over the last ten years, PYVLX has returned 9.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Payden Equity Income Fund
- 1D
- -0.65%
- 1M
- 1.60%
- YTD
- 8.81%
- 6M
- 9.61%
- 1Y
- 20.28%
- 3Y*
- 15.37%
- 5Y*
- 7.98%
- 10Y*
- 9.75%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PYVLX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1997, PYVLX's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +10.1%, while the worst month was Oct 2008 at -19.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PYVLX closed higher 52% of trading days. The best single day was Dec 23, 2021 with a return of +17.6%, while the worst single day was Dec 27, 2021 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.42% | 2.36% | -3.94% | 6.88% | 1.76% | -0.65% | 8.81% | ||||||
| 2025 | 4.01% | -0.30% | -4.90% | -2.26% | 4.37% | 3.28% | 0.42% | 2.26% | 1.91% | 0.80% | 2.05% | -0.39% | 11.41% |
| 2024 | 1.15% | 4.14% | 3.44% | -3.75% | 4.13% | 0.04% | 3.31% | 2.17% | 1.23% | -0.95% | 6.64% | -5.98% | 15.94% |
| 2023 | 1.36% | -3.73% | -0.90% | 1.35% | -3.82% | 5.03% | 2.47% | -1.60% | -3.87% | -2.75% | 7.41% | 5.12% | 5.37% |
| 2022 | -2.11% | -1.55% | 3.43% | -4.60% | 1.72% | -7.33% | 5.07% | -2.33% | -7.41% | 9.59% | 5.14% | -4.91% | -6.68% |
| 2021 | -0.55% | 4.07% | 5.05% | 3.12% | 2.98% | -0.52% | 0.88% | 1.98% | -3.71% | 4.99% | -2.87% | 6.36% | 23.39% |
Benchmark Metrics
Payden Equity Income Fund has an annualized alpha of 0.11%, beta of 0.87, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since January 03, 1997.
- This fund participated in 87.74% of S&P 500 Index downside but only 83.46% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.85, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.11%
- Beta
- 0.87
- R²
- 0.85
- Upside Capture
- 83.46%
- Downside Capture
- 87.74%
Expense Ratio
PYVLX has an expense ratio of 0.73%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PYVLX ranks 60 for risk / return — better than 60% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Payden Equity Income Fund (PYVLX) and compare them to S&P 500 Index.
| PYVLX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 2.39 | -0.24 |
Sortino ratioReturn per unit of downside risk | 3.08 | 3.25 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.39 | 3.11 | +0.28 |
Martin ratioReturn relative to average drawdown | 13.69 | 14.38 | -0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Payden Equity Income Fund provided a 6.00% dividend yield over the last twelve months, with an annual payout of $1.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.10 | $1.08 | $2.90 | $0.49 | $1.08 | $3.71 | $0.34 | $0.91 | $0.45 | $1.18 | $0.50 | $0.35 |
Dividend yield | 6.00% | 6.38% | 17.91% | 2.94% | 6.72% | 20.13% | 1.88% | 4.97% | 2.98% | 7.10% | 3.25% | 2.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.92 | $1.08 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $2.68 | $2.90 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.29 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.79 | $1.08 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $3.44 | $3.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Payden Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Payden Equity Income Fund was 60.67%, occurring on Mar 9, 2009. Recovery took 1003 trading sessions.
The current Payden Equity Income Fund drawdown is 0.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.67%Mar 2009 | 1y 5mo | 3y 12mo | 5y 4moOct 2007 - Mar 2013 |
Dot-com crash2000–2002 | -38.69%Oct 2002 | 3y 3mo | 3y 5mo | 6y 8moJul 1999 - Mar 2006 |
COVID crash2020 | -33.24%Mar 2020 | 1mo 4d | 9mo 20d | 10mo 24dFeb 2020 - Jan 2021 |
Bear market2022 | -25.96%Sep 2022 | 9mo 7d | 2y 10d | 2y 9moDec 2021 - Oct 2024 |
Rate-hike selloffLate 2018 | -16.62%Dec 2018 | 3mo 1d | 3mo 8d | 6mo 9dSep 2018 - Apr 2019 |
Drawdown Indicators
| PYVLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.67% | -56.78% | -3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -9.10% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -18.90% | +2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -25.96% | -25.43% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -33.24% | -33.92% | +0.68% |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -10.72% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.97% | -0.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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