OOSAX vs. PYFRX
OOSAX (Invesco Senior Floating Rate Fund) and PYFRX (Payden Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, OOSAX returned 3.51%/yr vs 5.00%/yr for PYFRX. Their 0.40 correlation means their historical movements had little consistent relationship. OOSAX charges 1.04%/yr vs 0.70%/yr for PYFRX.
Performance
OOSAX vs. PYFRX - Performance Comparison
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Returns By Period
In the year-to-date period, OOSAX achieves a -0.53% return, which is significantly lower than PYFRX's 2.36% return. Over the past 10 years, OOSAX has underperformed PYFRX with an annualized return of 3.51%, while PYFRX has yielded a comparatively higher 5.00% annualized return.
OOSAX
- 1D
- 0.00%
- 1M
- -0.16%
- 6M
- 0.26%
- YTD
- -0.53%
- 1Y
- 0.01%
- 3Y*
- 5.00%
- 5Y*
- 4.73%
- 10Y*
- 3.51%
- ALL TIME*
- 4.40%
PYFRX
- 1D
- 0.11%
- 1M
- 0.60%
- 6M
- 2.36%
- YTD
- 2.36%
- 1Y
- 5.48%
- 3Y*
- 7.69%
- 5Y*
- 6.44%
- 10Y*
- 5.00%
- ALL TIME*
- 4.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OOSAX vs. PYFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | -0.53% | 3.78% | 7.76% | 10.67% | -0.94% | 8.66% | -4.46% | 2.36% | -0.86% | 3.79% |
PYFRX Payden Floating Rate Fund | 2.36% | 6.61% | 8.90% | 12.86% | 0.27% | 3.93% | 1.72% | 8.49% | 0.31% | 2.82% |
Correlation
The correlation between OOSAX and PYFRX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.40 |
Over the past year, the correlation between OOSAX and PYFRX has dropped to 0.20 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
OOSAX vs. PYFRX — Risk / Return Rank
OOSAX
PYFRX
OOSAX vs. PYFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OOSAX | PYFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.36 | ||
| Sortino ratioReturn per unit of downside risk | -7.62 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.42 | -1.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 5.58 | -5.63 |
| Martin ratioReturn relative to average drawdown | -0.10 | 23.32 | -23.42 |
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Drawdowns
OOSAX vs. PYFRX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.12%, which is greater than PYFRX's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for OOSAX and PYFRX.
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Drawdown Indicators
| OOSAX | PYFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -20.18% | -11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -0.97% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.23% | -2.66% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -6.52% | -4.80% | -1.72% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | -20.18% | -3.35% |
Current DrawdownCurrent decline from peak | -1.27% | 0.00% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -0.58% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.23% | +1.26% |
Volatility
OOSAX vs. PYFRX - Volatility Comparison
The current volatility for Invesco Senior Floating Rate Fund (OOSAX) is 0.28%, while Payden Floating Rate Fund (PYFRX) has a volatility of 0.32%. This indicates that OOSAX 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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Volatility by Period
| OOSAX | PYFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.32% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.07% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 1.25% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 1.95% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 3.62% | +0.52% |
OOSAX vs. PYFRX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than PYFRX's 0.70% expense ratio.
Dividends
OOSAX vs. PYFRX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 4.48%, less than PYFRX's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | 4.48% | 6.68% | 8.38% | 7.76% | 7.42% | 4.37% | 4.84% | 5.24% | 4.65% | 4.08% | 4.78% | 4.65% |
PYFRX Payden Floating Rate Fund | 6.97% | 7.55% | 8.88% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% |
Frequently Asked Questions
OOSAX and PYFRX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYFRX has higher volatility (0.32%) compared to OOSAX (0.28%). In terms of maximum drawdown, OOSAX dropped -32.12% vs PYFRX's -20.18%.
PYFRX currently has the higher Sharpe Ratio (4.30 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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