PYACX vs. SRINX
PYACX (Payden Corporate Bond Fund) and SRINX (Columbia Corporate Income Fund) are both Corporate Bonds funds. Over the past 10 years, PYACX returned 2.52%/yr vs 2.61%/yr for SRINX. Their correlation of 0.90 means they have usually moved in the same direction. PYACX charges 0.65%/yr vs 0.62%/yr for SRINX.
Performance
PYACX vs. SRINX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PYACX having a -0.90% return and SRINX slightly higher at -0.87%. Both investments have delivered pretty close results over the past 10 years, with PYACX having a 2.52% annualized return and SRINX not far ahead at 2.61%.
PYACX
- 1D
- 0.09%
- 1M
- -1.45%
- 6M
- -1.26%
- YTD
- -0.90%
- 1Y
- 1.50%
- 3Y*
- 4.74%
- 5Y*
- -0.25%
- 10Y*
- 2.52%
- ALL TIME*
- 4.18%
SRINX
- 1D
- 0.11%
- 1M
- -1.64%
- 6M
- -1.15%
- YTD
- -0.87%
- 1Y
- 1.58%
- 3Y*
- 4.23%
- 5Y*
- -0.17%
- 10Y*
- 2.61%
- ALL TIME*
- 5.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PYACX vs. SRINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYACX Payden Corporate Bond Fund | -0.90% | 7.39% | 3.17% | 8.53% | -16.33% | -0.08% | 8.64% | 14.46% | -3.05% | 8.53% |
SRINX Columbia Corporate Income Fund | -0.87% | 7.34% | 2.05% | 9.17% | -15.52% | -0.69% | 11.38% | 15.28% | -3.50% | 5.95% |
Correlation
The correlation between PYACX and SRINX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.90 |
The correlation between PYACX and SRINX has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.
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Return for Risk
PYACX vs. SRINX — Risk / Return Rank
PYACX
SRINX
PYACX vs. SRINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Corporate Bond Fund (PYACX) and Columbia Corporate Income Fund (SRINX). 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.
| PYACX | SRINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.90 | -0.17 |
| Martin ratioReturn relative to average drawdown | 1.97 | 2.81 | -0.84 |
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Drawdowns
PYACX vs. SRINX - Drawdown Comparison
The maximum PYACX drawdown since its inception was -22.90%, which is greater than SRINX's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for PYACX and SRINX.
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Drawdown Indicators
| PYACX | SRINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -21.63% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -3.00% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.29% | -5.30% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -21.63% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -22.90% | -21.63% | -1.27% |
Current DrawdownCurrent decline from peak | -2.73% | -2.23% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -2.84% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.95% | +0.24% |
Volatility
PYACX vs. SRINX - Volatility Comparison
Payden Corporate Bond Fund (PYACX) has a higher volatility of 1.05% compared to Columbia Corporate Income Fund (SRINX) at 0.95%. This indicates that PYACX's price experiences larger fluctuations and is considered to be riskier than SRINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYACX | SRINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.95% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 3.14% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 3.96% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 6.41% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 5.82% | +0.05% |
PYACX vs. SRINX - Expense Ratio Comparison
PYACX has a 0.65% expense ratio, which is higher than SRINX's 0.62% expense ratio.
Dividends
PYACX vs. SRINX - Dividend Comparison
PYACX's dividend yield for the trailing twelve months is around 4.72%, more than SRINX's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYACX Payden Corporate Bond Fund | 4.72% | 4.54% | 4.59% | 3.89% | 3.35% | 5.32% | 3.87% | 3.37% | 3.65% | 3.92% | 5.49% | 4.36% |
SRINX Columbia Corporate Income Fund | 4.32% | 4.53% | 3.70% | 3.63% | 3.10% | 4.32% | 6.71% | 3.10% | 3.23% | 2.69% | 3.02% | 3.38% |
Frequently Asked Questions
PYACX and SRINX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYACX has higher volatility (1.05%) compared to SRINX (0.95%). In terms of maximum drawdown, PYACX dropped -22.90% vs SRINX's -21.63%.
SRINX currently has the higher Sharpe Ratio (0.68 vs 0.55), 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.
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