PKBIX vs. PYCBX
Compare and contrast key facts about Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Payden Core Bond Fund (PYCBX).
PKBIX is managed by Paydenfunds. It was launched on Sep 21, 2008. PYCBX is managed by Paydenfunds. It was launched on Dec 31, 1993.
Performance
PKBIX vs. PYCBX - Performance Comparison
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PKBIX vs. PYCBX - 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% |
PYCBX Payden Core Bond Fund | -0.35% | 7.69% | 2.55% | 6.57% | -13.55% | -1.00% | 6.93% | 9.27% | -1.26% | 5.25% |
Returns By Period
In the year-to-date period, PKBIX achieves a -0.50% return, which is significantly lower than PYCBX's -0.35% return. Over the past 10 years, PKBIX has outperformed PYCBX with an annualized return of 3.53%, while PYCBX has yielded a comparatively lower 2.14% 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%
PYCBX
- 1D
- 0.22%
- 1M
- -1.69%
- YTD
- -0.35%
- 6M
- 0.58%
- 1Y
- 4.29%
- 3Y*
- 4.35%
- 5Y*
- 0.63%
- 10Y*
- 2.14%
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PKBIX vs. PYCBX - Expense Ratio Comparison
PKBIX has a 1.25% expense ratio, which is higher than PYCBX's 0.53% expense ratio.
Return for Risk
PKBIX vs. PYCBX — Risk / Return Rank
PKBIX
PYCBX
PKBIX vs. PYCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden/Kravitz Cash Balance Plan Fund (PKBIX) and Payden Core Bond Fund (PYCBX). 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 | PYCBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.03 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.47 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.60 | +0.65 |
Martin ratioReturn relative to average drawdown | 6.96 | 5.04 | +1.92 |
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 | PYCBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.03 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.44 | 0.11 | +1.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.46 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.95 | +0.14 |
Correlation
The correlation between PKBIX and PYCBX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PKBIX vs. PYCBX - Dividend Comparison
PKBIX's dividend yield for the trailing twelve months is around 8.29%, more than PYCBX's 4.68% 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% |
PYCBX Payden Core Bond Fund | 4.68% | 4.78% | 4.63% | 3.76% | 3.21% | 2.39% | 3.96% | 3.04% | 3.27% | 3.13% | 3.85% | 2.84% |
Drawdowns
PKBIX vs. PYCBX - Drawdown Comparison
The maximum PKBIX drawdown since its inception was -19.17%, roughly equal to the maximum PYCBX drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for PKBIX and PYCBX.
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Drawdown Indicators
| PKBIX | PYCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.17% | -18.59% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -2.97% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -7.05% | -18.59% | +11.54% |
Max Drawdown (10Y)Largest decline over 10 years | -19.17% | -18.59% | -0.58% |
Current DrawdownCurrent decline from peak | -1.60% | -2.21% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -2.42% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.94% | -0.26% |
Volatility
PKBIX vs. PYCBX - Volatility Comparison
The current volatility for Payden/Kravitz Cash Balance Plan Fund (PKBIX) is 1.00%, while Payden Core Bond Fund (PYCBX) has a volatility of 1.60%. This indicates that PKBIX experiences smaller price fluctuations and is considered to be less risky than PYCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PKBIX | PYCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.60% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 2.48% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 4.51% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.58% | 5.70% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 4.68% | -1.36% |