PKBIX vs. MOFIX
Compare and contrast key facts about Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Mercer Opportunistic Fixed Income Fund (MOFIX).
PKBIX is managed by Paydenfunds. It was launched on Sep 21, 2008. MOFIX is managed by Mercer Funds. It was launched on Aug 20, 2013.
Performance
PKBIX vs. MOFIX - Performance Comparison
Loading graphics...
PKBIX vs. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PKBIX Payden/Kravitz Cash Balance Plan Fund | -0.20% | 6.75% | 8.14% | 6.21% | -3.89% | 3.97% | 1.89% | 3.02% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | 3.18% |
Returns By Period
In the year-to-date period, PKBIX achieves a -0.20% return, which is significantly higher than MOFIX's -2.24% return.
PKBIX
- 1D
- 0.30%
- 1M
- -0.60%
- YTD
- -0.20%
- 6M
- 1.10%
- 1Y
- 5.07%
- 3Y*
- 6.21%
- 5Y*
- 3.76%
- 10Y*
- 3.56%
MOFIX
- 1D
- 0.36%
- 1M
- -1.43%
- YTD
- -2.24%
- 6M
- -1.74%
- 1Y
- 3.72%
- 3Y*
- 5.32%
- 5Y*
- 1.80%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PKBIX vs. MOFIX - Expense Ratio Comparison
PKBIX has a 1.25% expense ratio, which is higher than MOFIX's 0.44% expense ratio.
Return for Risk
PKBIX vs. MOFIX — Risk / Return Rank
PKBIX
MOFIX
PKBIX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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.
| PKBIX | MOFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.10 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.44 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.17 | +1.24 |
Martin ratioReturn relative to average drawdown | 7.37 | 4.58 | +2.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PKBIX | MOFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.10 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 0.26 | +1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.31 | +0.79 |
Correlation
The correlation between PKBIX and MOFIX is 0.45, 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
PKBIX vs. MOFIX - Dividend Comparison
PKBIX's dividend yield for the trailing twelve months is around 8.27%, more than MOFIX's 3.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKBIX Payden/Kravitz Cash Balance Plan Fund | 8.27% | 8.25% | 6.95% | 5.55% | 1.94% | 2.18% | 3.57% | 3.32% | 3.27% | 2.50% | 1.70% | 2.00% |
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PKBIX vs. MOFIX - Drawdown Comparison
The maximum PKBIX drawdown since its inception was -19.17%, roughly equal to the maximum MOFIX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for PKBIX and MOFIX.
Loading graphics...
Drawdown Indicators
| PKBIX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.17% | -19.96% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -3.52% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -7.05% | -19.00% | +11.95% |
Max Drawdown (10Y)Largest decline over 10 years | -19.17% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -2.70% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -5.26% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.90% | -0.21% |
Volatility
PKBIX vs. MOFIX - Volatility Comparison
The current volatility for Payden/Kravitz Cash Balance Plan Fund (PKBIX) is 1.03%, while Mercer Opportunistic Fixed Income Fund (MOFIX) has a volatility of 1.53%. This indicates that PKBIX experiences smaller price fluctuations and is considered to be less risky than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PKBIX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.53% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 2.15% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.89% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.58% | 7.25% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 7.25% | -3.93% |