PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BCGIX vs. PYHRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BCGIX vs. PYHRX

Last updated Jun 23, 2026

BCGIX (BrandywineGLOBAL Corporate Credit Fund Class I) and PYHRX (Payden High Income Fund) are both High Yield Bonds funds. Over the past 3 years, BCGIX returned 7.37%/yr vs 37.77%/yr for PYHRX. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.

Performance

BCGIX vs. PYHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL Corporate Credit Fund Class I (BCGIX) and Payden High Income Fund (PYHRX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BCGIX achieves a 0.20% return, which is significantly lower than PYHRX's 2.44% return.

BCGIX

1D
0.00%
1M
0.51%
YTD
0.20%
6M
0.84%
1Y
4.41%
3Y*
7.37%
5Y*
—
10Y*
—

PYHRX

1D
0.00%
1M
0.72%
YTD
2.44%
6M
2.78%
1Y
8.16%
3Y*
37.77%
5Y*
20.58%
10Y*
13.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BCGIX vs. PYHRX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BCGIX
BrandywineGLOBAL Corporate Credit Fund Class I		0.20%5.51%9.19%11.72%-9.32%1.21%
PYHRX
Payden High Income Fund		2.44%117.46%8.13%14.73%-9.76%1.42%

Correlation

The correlation between BCGIX and PYHRX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Aug 4, 2021

0.80

The correlation between BCGIX and PYHRX has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BrandywineGLOBAL Corporate Credit Fund Class I

Payden High Income Fund

Often compared with BCGIX:
BCGIX vs. FAGIXBCGIX vs. FAHYXBCGIX vs. FAHEXBCGIX vs. CWFIXBCGIX vs. CRDOXBCGIX vs. FOCIXBCGIX vs. FHYSX
Often compared with PYHRX:
PYHRX vs. NHFIXPYHRX vs. ORDNXPYHRX vs. FLRNPYHRX vs. FUAMXPYHRX vs. FDGFXPYHRX vs. FAGIXPYHRX vs. VOO

Return for Risk

BCGIX vs. PYHRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BCGIX
BCGIX Risk / Return Rank: 3838
Overall Rank
BCGIX Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
BCGIX Sortino Ratio Rank: 4949
Sortino Ratio Rank
BCGIX Omega Ratio Rank: 4747
Omega Ratio Rank
BCGIX Calmar Ratio Rank: 2626
Calmar Ratio Rank
BCGIX Martin Ratio Rank: 3737
Martin Ratio Rank
PYHRX
PYHRX Risk / Return Rank: 9595
Overall Rank
PYHRX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
PYHRX Sortino Ratio Rank: 9797
Sortino Ratio Rank
PYHRX Omega Ratio Rank: 9595
Omega Ratio Rank
PYHRX Calmar Ratio Rank: 8888
Calmar Ratio Rank
PYHRX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCGIX vs. PYHRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL Corporate Credit Fund Class I (BCGIX) and Payden High Income Fund (PYHRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BCGIXPYHRXDifference
Sharpe ratioReturn per unit of total volatility
1.52
3.35

-1.83

Sortino ratioReturn per unit of downside risk
2.70
5.21

-2.51

Omega ratioGain probability vs. loss probability

1.34

1.76

-0.42

Calmar ratioReturn relative to maximum drawdown

1.78

4.13

-2.35

Martin ratioReturn relative to average drawdown

7.73

22.09

-14.36

BCGIX vs. PYHRX - Sharpe Ratio Comparison

The current BCGIX Sharpe Ratio is 1.52, which is lower than the PYHRX Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of BCGIX and PYHRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

BCGIX vs. PYHRX - Drawdown Comparison

The maximum BCGIX drawdown since its inception was -13.16%, smaller than the maximum PYHRX drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for BCGIX and PYHRX.

Loading charts...

Drawdown Indicators

BCGIXPYHRXDifference

Max Drawdown

Largest peak-to-trough decline

-13.16%

-27.80%

+14.64%

Max Drawdown (1Y)

Largest decline over 1 year

-2.49%

-2.02%

-0.47%

Max Drawdown (3Y)

Largest decline over 3 years

-3.71%

-4.21%

+0.50%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.08%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-21.45%

—

Current Drawdown

Current decline from peak

-0.19%

-0.23%

+0.04%

Average Drawdown

Average peak-to-trough decline

-2.91%

-2.11%

-0.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.57%

0.38%

+0.19%

Volatility

BCGIX vs. PYHRX - Volatility Comparison

BrandywineGLOBAL Corporate Credit Fund Class I (BCGIX) and Payden High Income Fund (PYHRX) have volatilities of 0.72% and 0.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BCGIXPYHRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.72%

0.75%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

2.25%

2.03%

+0.22%

Volatility (1Y)

Calculated over the trailing 1-year period

2.92%

2.50%

+0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.06%

45.84%

-41.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.06%

32.61%

-28.55%

BCGIX vs. PYHRX - Expense Ratio Comparison

Both BCGIX and PYHRX have an expense ratio of 0.60%.

Dividends

BCGIX vs. PYHRX - Dividend Comparison

BCGIX's dividend yield for the trailing twelve months is around 5.83%, less than PYHRX's 6.42% yield.

PositionTTM20252024202320222021202020192018201720162015
BCGIX
BrandywineGLOBAL Corporate Credit Fund Class I		5.83%6.50%7.11%4.87%5.21%4.00%0.00%0.00%0.00%0.00%0.00%0.00%
PYHRX
Payden High Income Fund		6.42%5.66%7.20%6.67%6.05%4.79%4.99%5.23%5.88%5.27%5.24%5.49%

Frequently Asked Questions

BCGIX and PYHRX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PYHRX has higher volatility (0.75%) compared to BCGIX (0.72%). In terms of maximum drawdown, BCGIX dropped -13.16% vs PYHRX's -27.80%.

PYHRX currently has the higher Sharpe Ratio (3.35 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for BCGIX and PYHRX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer