PKBIX vs. PYARX
Compare and contrast key facts about Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Payden Absolute Return Bond Fund (PYARX).
PKBIX is managed by Paydenfunds. It was launched on Sep 21, 2008. PYARX is managed by Paydenfunds. It was launched on Nov 5, 2014.
Performance
PKBIX vs. PYARX - Performance Comparison
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PKBIX vs. PYARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PKBIX Payden/Kravitz Cash Balance Plan Fund | -0.50% | 6.75% | 8.14% | 6.21% | -3.89% | 3.97% | 1.89% | 6.36% | 0.79% | 3.19% |
PYARX Payden Absolute Return Bond Fund | -0.67% | 5.84% | 7.55% | 6.22% | -2.74% | 1.13% | 2.81% | 5.52% | 0.95% | 3.40% |
Returns By Period
In the year-to-date period, PKBIX achieves a -0.50% return, which is significantly higher than PYARX's -0.67% return. Over the past 10 years, PKBIX has outperformed PYARX with an annualized return of 3.53%, while PYARX has yielded a comparatively lower 3.30% annualized return.
PKBIX
- 1D
- 0.31%
- 1M
- -1.20%
- YTD
- -0.50%
- 6M
- 0.80%
- 1Y
- 4.75%
- 3Y*
- 6.10%
- 5Y*
- 3.70%
- 10Y*
- 3.53%
PYARX
- 1D
- 0.33%
- 1M
- -1.25%
- YTD
- -0.67%
- 6M
- 0.55%
- 1Y
- 3.84%
- 3Y*
- 5.41%
- 5Y*
- 3.30%
- 10Y*
- 3.30%
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PKBIX vs. PYARX - Expense Ratio Comparison
PKBIX has a 1.25% expense ratio, which is higher than PYARX's 0.70% expense ratio.
Return for Risk
PKBIX vs. PYARX — Risk / Return Rank
PKBIX
PYARX
PKBIX vs. PYARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Payden Absolute Return Bond Fund (PYARX). 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 | PYARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.07 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.49 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.76 | +0.49 |
Martin ratioReturn relative to average drawdown | 6.96 | 5.16 | +1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PKBIX | PYARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.07 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.44 | 1.42 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 1.17 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.13 | -0.04 |
Correlation
The correlation between PKBIX and PYARX is 0.62, 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. PYARX - Dividend Comparison
PKBIX's dividend yield for the trailing twelve months is around 8.29%, more than PYARX's 6.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKBIX Payden/Kravitz Cash Balance Plan Fund | 8.29% | 8.25% | 6.95% | 5.55% | 1.94% | 2.18% | 3.57% | 3.32% | 3.27% | 2.50% | 1.70% | 2.00% |
PYARX Payden Absolute Return Bond Fund | 6.50% | 6.69% | 6.68% | 5.18% | 3.59% | 2.24% | 2.50% | 3.15% | 3.41% | 2.54% | 2.52% | 2.16% |
Drawdowns
PKBIX vs. PYARX - Drawdown Comparison
The maximum PKBIX drawdown since its inception was -19.17%, which is greater than PYARX's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for PKBIX and PYARX.
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Drawdown Indicators
| PKBIX | PYARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.17% | -15.70% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -2.18% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -7.05% | -6.12% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -19.17% | -15.70% | -3.47% |
Current DrawdownCurrent decline from peak | -1.60% | -1.61% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -0.73% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.74% | -0.06% |
Volatility
PKBIX vs. PYARX - Volatility Comparison
Payden/Kravitz Cash Balance Plan Fund (PKBIX) has a higher volatility of 1.00% compared to Payden Absolute Return Bond Fund (PYARX) at 0.95%. This indicates that PKBIX's price experiences larger fluctuations and is considered to be riskier than PYARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PKBIX | PYARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.95% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 1.26% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 3.59% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.58% | 2.33% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 2.83% | +0.49% |