NHFIX vs. PYHRX
Compare and contrast key facts about Northern High Yield Fixed Income Fund (NHFIX) and Payden High Income Fund (PYHRX).
NHFIX is managed by Northern Funds. It was launched on Dec 31, 1998. PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHFIX or PYHRX.
Correlation
The correlation between NHFIX and PYHRX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NHFIX vs. PYHRX - Performance Comparison
Key characteristics
NHFIX:
2.81
PYHRX:
3.54
NHFIX:
4.64
PYHRX:
5.47
NHFIX:
1.66
PYHRX:
1.81
NHFIX:
4.45
PYHRX:
6.46
NHFIX:
17.55
PYHRX:
22.77
NHFIX:
0.55%
PYHRX:
0.42%
NHFIX:
3.44%
PYHRX:
2.68%
NHFIX:
-27.42%
PYHRX:
-27.80%
NHFIX:
-0.33%
PYHRX:
0.00%
Returns By Period
In the year-to-date period, NHFIX achieves a 1.16% return, which is significantly lower than PYHRX's 1.68% return. Over the past 10 years, NHFIX has underperformed PYHRX with an annualized return of 4.75%, while PYHRX has yielded a comparatively higher 5.31% annualized return.
NHFIX
1.16%
0.50%
3.47%
9.49%
4.14%
4.75%
PYHRX
1.68%
0.57%
2.91%
9.30%
5.18%
5.31%
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NHFIX vs. PYHRX - Expense Ratio Comparison
Both NHFIX and PYHRX have an expense ratio of 0.60%.
Risk-Adjusted Performance
NHFIX vs. PYHRX — Risk-Adjusted Performance Rank
NHFIX
PYHRX
NHFIX vs. PYHRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern High Yield Fixed Income Fund (NHFIX) 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.
Dividends
NHFIX vs. PYHRX - Dividend Comparison
NHFIX's dividend yield for the trailing twelve months is around 6.66%, less than PYHRX's 7.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHFIX Northern High Yield Fixed Income Fund | 6.66% | 6.66% | 6.56% | 6.91% | 5.35% | 5.44% | 6.17% | 6.62% | 6.69% | 6.04% | 6.40% | 6.55% |
PYHRX Payden High Income Fund | 7.10% | 7.19% | 6.68% | 6.07% | 4.79% | 5.00% | 5.23% | 5.88% | 5.27% | 5.28% | 5.52% | 6.08% |
Drawdowns
NHFIX vs. PYHRX - Drawdown Comparison
The maximum NHFIX drawdown since its inception was -27.42%, roughly equal to the maximum PYHRX drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for NHFIX and PYHRX. For additional features, visit the drawdowns tool.
Volatility
NHFIX vs. PYHRX - Volatility Comparison
Northern High Yield Fixed Income Fund (NHFIX) has a higher volatility of 0.84% compared to Payden High Income Fund (PYHRX) at 0.70%. This indicates that NHFIX's price experiences larger fluctuations and is considered to be riskier than PYHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.