PYACX vs. VICSX
PYACX (Payden Corporate Bond Fund) and VICSX (Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 10 years, PYACX returned 2.89%/yr vs 2.89%/yr for VICSX. Their correlation of 0.91 suggests significant overlap in exposure. PYACX charges 0.65%/yr vs 0.07%/yr for VICSX.
Performance
PYACX vs. VICSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PYACX achieves a 0.37% return, which is significantly higher than VICSX's 0.13% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: PYACX at 2.89% and VICSX at 2.89%.
PYACX
- 1D
- -0.31%
- 1M
- 0.71%
- YTD
- 0.37%
- 6M
- 0.46%
- 1Y
- 4.75%
- 3Y*
- 5.38%
- 5Y*
- 0.37%
- 10Y*
- 2.89%
VICSX
- 1D
- -0.22%
- 1M
- 0.46%
- YTD
- 0.13%
- 6M
- 0.35%
- 1Y
- 5.06%
- 3Y*
- 6.18%
- 5Y*
- 1.18%
- 10Y*
- 2.89%
PYACX vs. VICSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYACX Payden Corporate Bond Fund | 0.37% | 7.39% | 3.17% | 8.53% | -16.33% | -0.08% | 8.64% | 14.46% | -3.05% | 8.53% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 0.13% | 9.36% | 3.66% | 8.88% | -14.09% | -1.56% | 9.52% | 13.99% | -1.73% | 5.47% |
Correlation
The correlation between PYACX and VICSX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.91 |
The correlation between PYACX and VICSX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PYACX vs. VICSX — Risk / Return Rank
PYACX
VICSX
PYACX vs. VICSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Corporate Bond Fund (PYACX) and Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX). 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 | VICSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.80 | -0.24 |
| Martin ratioReturn relative to average drawdown | 4.66 | 5.67 | -1.01 |
Loading charts...
Drawdowns
PYACX vs. VICSX - Drawdown Comparison
The maximum PYACX drawdown since its inception was -22.90%, which is greater than VICSX's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for PYACX and VICSX.
Loading charts...
Drawdown Indicators
| PYACX | VICSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -20.53% | -2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -2.98% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -6.02% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -20.53% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -22.90% | -20.53% | -2.37% |
Current DrawdownCurrent decline from peak | -1.48% | -1.39% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.15% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.95% | +0.12% |
Volatility
PYACX vs. VICSX - Volatility Comparison
The current volatility for Payden Corporate Bond Fund (PYACX) is 1.10%, while Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) has a volatility of 1.17%. This indicates that PYACX experiences smaller price fluctuations and is considered to be less risky than VICSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PYACX | VICSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.17% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 2.99% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 3.91% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 6.17% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 5.35% | +0.53% |
PYACX vs. VICSX - Expense Ratio Comparison
PYACX has a 0.65% expense ratio, which is higher than VICSX's 0.07% expense ratio.
Dividends
PYACX vs. VICSX - Dividend Comparison
PYACX's dividend yield for the trailing twelve months is around 4.60%, less than VICSX's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYACX Payden Corporate Bond Fund | 4.60% | 4.54% | 4.59% | 3.89% | 3.35% | 5.32% | 3.87% | 3.37% | 3.65% | 3.92% | 5.49% | 4.36% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 4.77% | 4.59% | 4.77% | 3.70% | 3.00% | 2.76% | 2.77% | 3.35% | 3.62% | 3.22% | 3.03% | 3.36% |
Frequently Asked Questions
With a correlation of 0.96, PYACX and VICSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VICSX has higher volatility (1.17%) compared to PYACX (1.10%). In terms of maximum drawdown, PYACX dropped -22.90% vs VICSX's -20.53%.
VICSX currently has the higher Sharpe Ratio (1.38 vs 1.18), 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.
Find the right allocation for PYACX and VICSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer