DWFIX vs. PYGSX
Compare and contrast key facts about DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) and Payden Global Low Duration Fund (PYGSX).
DWFIX is managed by Dimensional. It was launched on Dec 5, 2011. PYGSX is managed by Paydenfunds. It was launched on Sep 17, 1996.
Performance
DWFIX vs. PYGSX - Performance Comparison
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DWFIX vs. PYGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DWFIX DFA World ex U.S. Government Fixed Income Portfolio | -0.59% | 2.71% | 1.60% | 9.96% | -18.94% | -4.63% | 6.35% | 13.36% | 3.28% | 4.41% |
PYGSX Payden Global Low Duration Fund | 0.15% | 5.72% | 5.19% | 5.61% | -3.38% | 0.17% | 3.14% | 4.77% | 0.58% | 1.90% |
Returns By Period
In the year-to-date period, DWFIX achieves a -0.59% return, which is significantly lower than PYGSX's 0.15% return. Over the past 10 years, DWFIX has underperformed PYGSX with an annualized return of 1.47%, while PYGSX has yielded a comparatively higher 2.46% annualized return.
DWFIX
- 1D
- 0.23%
- 1M
- -2.77%
- YTD
- -0.59%
- 6M
- -0.82%
- 1Y
- 2.34%
- 3Y*
- 3.27%
- 5Y*
- -1.53%
- 10Y*
- 1.47%
PYGSX
- 1D
- 0.19%
- 1M
- -0.84%
- YTD
- 0.15%
- 6M
- 1.24%
- 1Y
- 4.14%
- 3Y*
- 4.98%
- 5Y*
- 2.57%
- 10Y*
- 2.46%
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DWFIX vs. PYGSX - Expense Ratio Comparison
DWFIX has a 0.20% expense ratio, which is lower than PYGSX's 0.53% expense ratio.
Return for Risk
DWFIX vs. PYGSX — Risk / Return Rank
DWFIX
PYGSX
DWFIX vs. PYGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) and Payden Global Low Duration Fund (PYGSX). 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.
| DWFIX | PYGSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 2.57 | -1.84 |
Sortino ratioReturn per unit of downside risk | 1.08 | 3.97 | -2.89 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.60 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.53 | -2.70 |
Martin ratioReturn relative to average drawdown | 2.87 | 17.22 | -14.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DWFIX | PYGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 2.57 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 1.38 | -1.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 1.42 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 2.08 | -1.63 |
Correlation
The correlation between DWFIX and PYGSX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DWFIX vs. PYGSX - Dividend Comparison
DWFIX's dividend yield for the trailing twelve months is around 2.47%, less than PYGSX's 4.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWFIX DFA World ex U.S. Government Fixed Income Portfolio | 2.47% | 1.86% | 3.08% | 4.46% | 0.01% | 1.86% | 1.69% | 8.62% | 7.77% | 1.33% | 2.77% | 7.38% |
PYGSX Payden Global Low Duration Fund | 4.61% | 4.63% | 4.64% | 3.84% | 2.14% | 1.68% | 1.78% | 2.74% | 2.51% | 1.68% | 1.19% | 1.20% |
Drawdowns
DWFIX vs. PYGSX - Drawdown Comparison
The maximum DWFIX drawdown since its inception was -24.76%, which is greater than PYGSX's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for DWFIX and PYGSX.
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Drawdown Indicators
| DWFIX | PYGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.76% | -7.29% | -17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -1.23% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -5.38% | -18.17% |
Max Drawdown (10Y)Largest decline over 10 years | -24.76% | -7.29% | -17.47% |
Current DrawdownCurrent decline from peak | -11.90% | -0.84% | -11.06% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -0.49% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.25% | +0.61% |
Volatility
DWFIX vs. PYGSX - Volatility Comparison
DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) has a higher volatility of 1.46% compared to Payden Global Low Duration Fund (PYGSX) at 0.69%. This indicates that DWFIX's price experiences larger fluctuations and is considered to be riskier than PYGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWFIX | PYGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.69% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 1.04% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 1.66% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 1.87% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 1.74% | +3.72% |