PYACX vs. PIMIX
Compare and contrast key facts about Payden Corporate Bond Fund (PYACX) and PIMCO Income Fund Institutional Class (PIMIX).
PYACX is managed by Paydenfunds. It was launched on Mar 12, 2009. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYACX or PIMIX.
Correlation
The correlation between PYACX and PIMIX is 0.17, 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.
Performance
PYACX vs. PIMIX - Performance Comparison
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Key characteristics
PYACX:
0.86
PIMIX:
1.57
PYACX:
1.20
PIMIX:
2.31
PYACX:
1.14
PIMIX:
1.30
PYACX:
0.33
PIMIX:
2.25
PYACX:
2.37
PIMIX:
6.52
PYACX:
1.88%
PIMIX:
0.96%
PYACX:
5.50%
PIMIX:
4.08%
PYACX:
-23.92%
PIMIX:
-13.39%
PYACX:
-9.17%
PIMIX:
-1.58%
Returns By Period
In the year-to-date period, PYACX achieves a 0.72% return, which is significantly lower than PIMIX's 1.95% return. Over the past 10 years, PYACX has underperformed PIMIX with an annualized return of 2.00%, while PIMIX has yielded a comparatively higher 4.22% annualized return.
PYACX
0.72%
1.58%
0.17%
4.68%
0.02%
2.00%
PIMIX
1.95%
1.25%
2.63%
6.38%
4.59%
4.22%
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PYACX vs. PIMIX - Expense Ratio Comparison
PYACX has a 0.65% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
PYACX vs. PIMIX — Risk-Adjusted Performance Rank
PYACX
PIMIX
PYACX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Corporate Bond Fund (PYACX) and PIMCO Income Fund Institutional Class (PIMIX). 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.
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Dividends
PYACX vs. PIMIX - Dividend Comparison
PYACX's dividend yield for the trailing twelve months is around 4.72%, less than PIMIX's 6.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYACX Payden Corporate Bond Fund | 4.72% | 4.58% | 3.89% | 3.35% | 2.91% | 2.60% | 3.26% | 3.65% | 3.29% | 3.27% | 3.12% | 3.55% |
PIMIX PIMCO Income Fund Institutional Class | 6.25% | 6.27% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% |
Drawdowns
PYACX vs. PIMIX - Drawdown Comparison
The maximum PYACX drawdown since its inception was -23.92%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PYACX and PIMIX. For additional features, visit the drawdowns tool.
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Volatility
PYACX vs. PIMIX - Volatility Comparison
Payden Corporate Bond Fund (PYACX) has a higher volatility of 1.67% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.42%. This indicates that PYACX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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