Correlation
The correlation between DHEAX and PYFRX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
DHEAX vs. PYFRX
Compare and contrast key facts about Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and Payden Floating Rate Fund (PYFRX).
DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016. PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHEAX or PYFRX.
Performance
DHEAX vs. PYFRX - Performance Comparison
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Key characteristics
DHEAX:
6.08
PYFRX:
2.79
DHEAX:
10.59
PYFRX:
3.43
DHEAX:
3.07
PYFRX:
1.93
DHEAX:
16.13
PYFRX:
2.16
DHEAX:
79.61
PYFRX:
10.42
DHEAX:
0.10%
PYFRX:
0.55%
DHEAX:
1.32%
PYFRX:
2.11%
DHEAX:
-12.34%
PYFRX:
-20.17%
DHEAX:
-0.30%
PYFRX:
-0.62%
Returns By Period
In the year-to-date period, DHEAX achieves a 2.35% return, which is significantly higher than PYFRX's 0.80% return.
DHEAX
2.35%
0.00%
2.97%
8.01%
6.35%
5.63%
N/A
PYFRX
0.80%
0.84%
1.17%
5.84%
8.27%
6.98%
4.51%
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DHEAX vs. PYFRX - Expense Ratio Comparison
DHEAX has a 0.83% expense ratio, which is higher than PYFRX's 0.70% expense ratio.
Risk-Adjusted Performance
DHEAX vs. PYFRX — Risk-Adjusted Performance Rank
DHEAX
PYFRX
DHEAX vs. PYFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and Payden Floating Rate Fund (PYFRX). 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.
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Dividends
DHEAX vs. PYFRX - Dividend Comparison
DHEAX's dividend yield for the trailing twelve months is around 5.36%, less than PYFRX's 8.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHEAX Diamond Hill Short Duration Securitized Bond Fund | 5.36% | 5.94% | 5.25% | 3.41% | 2.31% | 2.92% | 3.76% | 3.45% | 3.20% | 0.79% | 0.00% | 0.00% |
PYFRX Payden Floating Rate Fund | 8.00% | 8.88% | 8.35% | 5.07% | 2.95% | 3.22% | 4.44% | 4.22% | 3.31% | 3.53% | 3.19% | 3.37% |
Drawdowns
DHEAX vs. PYFRX - Drawdown Comparison
The maximum DHEAX drawdown since its inception was -12.34%, smaller than the maximum PYFRX drawdown of -20.17%. Use the drawdown chart below to compare losses from any high point for DHEAX and PYFRX.
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Volatility
DHEAX vs. PYFRX - Volatility Comparison
The current volatility for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) is 0.50%, while Payden Floating Rate Fund (PYFRX) has a volatility of 0.89%. This indicates that DHEAX experiences smaller price fluctuations and is considered to be less risky than PYFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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