PKBIX vs. ODIDX

Last updated Aug 5, 2026

PKBIX (Payden/Kravitz Cash Balance Plan Fund) and ODIDX (Oaktree Diversified Income Fund Inc. Class D) are both Multisector Bonds funds. Over the past 3 years, PKBIX returned 6.57%/yr vs 9.24%/yr for ODIDX. Their 0.46 correlation means their historical movements had little consistent relationship. PKBIX charges 1.25%/yr vs 2.10%/yr for ODIDX.

Performance

PKBIX vs. ODIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Oaktree Diversified Income Fund Inc. Class D (ODIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PKBIX achieves a 2.22% return, which is significantly lower than ODIDX's 2.59% return.

PKBIX

• 1D: 0.10%
• 1M: 0.50%
• 6M: 1.50%
• YTD: 2.22%
• 1Y: 5.04%
• 3Y*: 6.57%
• 5Y*: 3.95%
• 10Y*: 3.53%
• ALL TIME*: 3.06%

ODIDX

• 1D: 0.11%
• 1M: 0.34%
• 6M: 2.13%
• YTD: 2.59%
• 1Y: 5.36%
• 3Y*: 9.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ODIDX Oaktree Diversified Income Fund Inc. Class D	$0.00	$0.00	$0.00
PKBIX Payden/Kravitz Cash Balance Plan Fund	$0.00	$0.00	$0.00

PKBIX vs. ODIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PKBIX Payden/Kravitz Cash Balance Plan Fund	2.22%	6.75%	8.14%	6.21%	-3.89%	0.08%
ODIDX Oaktree Diversified Income Fund Inc. Class D	2.59%	7.94%	11.99%	11.91%	-13.02%	-0.37%

Correlation

The correlation between PKBIX and ODIDX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021	0.46

The correlation between PKBIX and ODIDX shifts across timeframes, from 0.33 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PKBIX vs. ODIDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PKBIX

PKBIX Risk / Return Rank: 89
PKBIX Sharpe Ratio Rank: 96
PKBIX Sortino Ratio Rank: 96
PKBIX Omega Ratio Rank: 97
PKBIX Calmar Ratio Rank: 74
PKBIX Martin Ratio Rank: 82

ODIDX

ODIDX Risk / Return Rank: 98
ODIDX Sharpe Ratio Rank: 99
ODIDX Sortino Ratio Rank: 98
ODIDX Omega Ratio Rank: 98
ODIDX Calmar Ratio Rank: 96
ODIDX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PKBIX vs. ODIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Oaktree Diversified Income Fund Inc. Class D (ODIDX). 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.

	PKBIX	ODIDX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	3.74	-0.99
Sortino ratio: Return per unit of downside risk	4.22	5.98	-1.77
Omega ratio: Gain probability vs. loss probability	1.63	1.98	-0.35
Calmar ratio: Return relative to maximum drawdown	2.67	4.98	-2.31
Martin ratio: Return relative to average drawdown	11.42	20.98	-9.56

PKBIX vs. ODIDX - Sharpe Ratio Comparison

The current PKBIX Sharpe Ratio is 2.74, which is comparable to the ODIDX Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of PKBIX and ODIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PKBIX vs. ODIDX - Drawdown Comparison

The maximum PKBIX drawdown since its inception was -19.17%, which is greater than ODIDX's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PKBIX and ODIDX.

Drawdown Indicators

	PKBIX	ODIDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.17%	-13.71%	-5.46%
Max Drawdown (1Y) Largest decline over 1 year	-1.90%	-1.10%	-0.80%
Max Drawdown (3Y) Largest decline over 3 years	-2.11%	-2.29%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-7.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.17%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.92%	-3.66%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.26%	+0.18%

Volatility

PKBIX vs. ODIDX - Volatility Comparison

Payden/Kravitz Cash Balance Plan Fund (PKBIX) has a higher volatility of 0.35% compared to Oaktree Diversified Income Fund Inc. Class D (ODIDX) at 0.30%. This indicates that PKBIX's price experiences larger fluctuations and is considered to be riskier than ODIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PKBIX	ODIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	0.30%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	1.59%	1.19%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	1.85%	1.47%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.60%	3.18%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	3.18%	+0.15%

PKBIX vs. ODIDX - Expense Ratio Comparison

PKBIX has a 1.25% expense ratio, which is lower than ODIDX's 2.10% expense ratio.

Dividends

PKBIX vs. ODIDX - Dividend Comparison

PKBIX's dividend yield for the trailing twelve months is around 8.07%, less than ODIDX's 9.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ODIDX Oaktree Diversified Income Fund Inc. Class D	9.08%	9.32%	8.45%	7.83%	0.84%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PKBIX Payden/Kravitz Cash Balance Plan Fund	8.07%	8.25%	6.95%	5.55%	1.94%	2.18%	3.57%	3.32%	3.27%	2.50%	1.70%	2.00%

Frequently Asked Questions

Can I hold both PKBIX and ODIDX in my portfolio?

PKBIX and ODIDX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PKBIX or ODIDX?

PKBIX has higher volatility (0.35%) compared to ODIDX (0.30%). In terms of maximum drawdown, PKBIX dropped -19.17% vs ODIDX's -13.71%.

Which has better risk-adjusted returns?

ODIDX currently has the higher Sharpe Ratio (3.74 vs 2.74), 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.