JIGDX vs. PYGSX
Compare and contrast key facts about John Hancock Opportunistic Fixed Income Fund (JIGDX) and Payden Global Low Duration Fund (PYGSX).
JIGDX is managed by John Hancock. It was launched on Oct 13, 2005. PYGSX is managed by Paydenfunds. It was launched on Sep 17, 1996.
Performance
JIGDX vs. PYGSX - Performance Comparison
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JIGDX vs. PYGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIGDX John Hancock Opportunistic Fixed Income Fund | -0.96% | 8.33% | 0.42% | 8.15% | -10.84% | -1.89% | 11.65% | 6.77% | -1.71% | 8.54% |
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, JIGDX achieves a -0.96% return, which is significantly lower than PYGSX's 0.15% return. Over the past 10 years, JIGDX has underperformed PYGSX with an annualized return of 2.06%, while PYGSX has yielded a comparatively higher 2.46% annualized return.
JIGDX
- 1D
- 0.08%
- 1M
- -2.39%
- YTD
- -0.96%
- 6M
- -1.21%
- 1Y
- 4.02%
- 3Y*
- 3.76%
- 5Y*
- 0.94%
- 10Y*
- 2.06%
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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JIGDX vs. PYGSX - Expense Ratio Comparison
JIGDX has a 0.85% expense ratio, which is higher than PYGSX's 0.53% expense ratio.
Return for Risk
JIGDX vs. PYGSX — Risk / Return Rank
JIGDX
PYGSX
JIGDX vs. PYGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Opportunistic Fixed Income Fund (JIGDX) 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.
| JIGDX | PYGSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 2.57 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.75 | 3.97 | -2.22 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.60 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.53 | -0.95 |
Martin ratioReturn relative to average drawdown | 8.07 | 17.22 | -9.15 |
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
| JIGDX | PYGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.57 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.38 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 1.42 | -1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 2.08 | -1.52 |
Correlation
The correlation between JIGDX and PYGSX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JIGDX vs. PYGSX - Dividend Comparison
JIGDX's dividend yield for the trailing twelve months is around 2.64%, less than PYGSX's 4.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIGDX John Hancock Opportunistic Fixed Income Fund | 2.64% | 3.38% | 2.32% | 0.40% | 5.52% | 1.24% | 5.15% | 3.58% | 1.36% | 0.00% | 0.37% | 0.02% |
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
JIGDX vs. PYGSX - Drawdown Comparison
The maximum JIGDX drawdown since its inception was -20.55%, which is greater than PYGSX's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for JIGDX and PYGSX.
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Drawdown Indicators
| JIGDX | PYGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -7.29% | -13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -1.23% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -5.38% | -13.85% |
Max Drawdown (10Y)Largest decline over 10 years | -19.23% | -7.29% | -11.94% |
Current DrawdownCurrent decline from peak | -2.55% | -0.84% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -0.49% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.25% | +0.60% |
Volatility
JIGDX vs. PYGSX - Volatility Comparison
John Hancock Opportunistic Fixed Income Fund (JIGDX) has a higher volatility of 1.25% compared to Payden Global Low Duration Fund (PYGSX) at 0.69%. This indicates that JIGDX'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
| JIGDX | PYGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.69% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 1.04% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 1.66% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 1.87% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 1.74% | +3.26% |