FCT vs. PYFRX
Compare and contrast key facts about First Trust Senior Floating Rate Income Fund II (FCT) and Payden Floating Rate Fund (PYFRX).
FCT is managed by First Trust. It was launched on Jan 1, 2013. PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Performance
FCT vs. PYFRX - Performance Comparison
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FCT vs. PYFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCT First Trust Senior Floating Rate Income Fund II | -1.77% | 9.24% | 14.91% | 18.06% | -14.54% | 13.72% | 2.73% | 20.13% | -8.07% | -1.07% |
PYFRX Payden Floating Rate Fund | -0.20% | 6.61% | 8.90% | 12.86% | 0.27% | 3.93% | 1.72% | 8.49% | 0.31% | 2.82% |
Returns By Period
In the year-to-date period, FCT achieves a -1.77% return, which is significantly lower than PYFRX's -0.20% return. Over the past 10 years, FCT has outperformed PYFRX with an annualized return of 6.02%, while PYFRX has yielded a comparatively lower 5.03% annualized return.
FCT
- 1D
- -0.35%
- 1M
- -1.77%
- YTD
- -1.77%
- 6M
- 2.15%
- 1Y
- 6.21%
- 3Y*
- 10.93%
- 5Y*
- 5.33%
- 10Y*
- 6.02%
PYFRX
- 1D
- 0.11%
- 1M
- 0.46%
- YTD
- -0.20%
- 6M
- 1.50%
- 1Y
- 5.81%
- 3Y*
- 8.18%
- 5Y*
- 6.13%
- 10Y*
- 5.03%
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FCT vs. PYFRX - Expense Ratio Comparison
FCT has a 0.03% expense ratio, which is lower than PYFRX's 0.70% expense ratio.
Return for Risk
FCT vs. PYFRX — Risk / Return Rank
FCT
PYFRX
FCT vs. PYFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Senior Floating Rate Income Fund II (FCT) 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.
| FCT | PYFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 2.81 | -2.32 |
Sortino ratioReturn per unit of downside risk | 0.82 | 3.65 | -2.84 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.93 | -0.79 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.45 | -1.79 |
Martin ratioReturn relative to average drawdown | 2.96 | 11.59 | -8.63 |
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
| FCT | PYFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 2.81 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 3.18 | -2.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 1.39 | -0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.36 | -1.08 |
Correlation
The correlation between FCT and PYFRX is 0.26, 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
FCT vs. PYFRX - Dividend Comparison
FCT's dividend yield for the trailing twelve months is around 12.24%, more than PYFRX's 7.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCT First Trust Senior Floating Rate Income Fund II | 12.24% | 11.56% | 11.25% | 10.62% | 9.03% | 9.23% | 9.88% | 6.60% | 6.49% | 6.16% | 6.11% | 7.17% |
PYFRX Payden Floating Rate Fund | 7.22% | 7.55% | 8.88% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% |
Drawdowns
FCT vs. PYFRX - Drawdown Comparison
The maximum FCT drawdown since its inception was -67.23%, which is greater than PYFRX's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for FCT and PYFRX.
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Drawdown Indicators
| FCT | PYFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.23% | -20.18% | -47.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -2.18% | -7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -4.80% | -19.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.88% | -20.18% | -19.70% |
Current DrawdownCurrent decline from peak | -3.11% | -0.51% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -0.60% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.48% | +1.71% |
Volatility
FCT vs. PYFRX - Volatility Comparison
First Trust Senior Floating Rate Income Fund II (FCT) has a higher volatility of 2.57% compared to Payden Floating Rate Fund (PYFRX) at 0.64%. This indicates that FCT's price experiences larger fluctuations and is considered to be riskier than PYFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCT | PYFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 0.64% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 0.97% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 2.04% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 1.94% | +10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 3.62% | +9.73% |