PYARX vs. PKBIX
Compare and contrast key facts about Payden Absolute Return Bond Fund (PYARX) and Payden/Kravitz Cash Balance Plan Fund (PKBIX).
PYARX is managed by Paydenfunds. It was launched on Nov 5, 2014. PKBIX is managed by Paydenfunds. It was launched on Sep 21, 2008.
Performance
PYARX vs. PKBIX - Performance Comparison
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PYARX vs. PKBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Returns By Period
In the year-to-date period, PYARX achieves a -0.67% return, which is significantly lower than PKBIX's -0.50% return. Over the past 10 years, PYARX has underperformed PKBIX with an annualized return of 3.30%, while PKBIX has yielded a comparatively higher 3.53% annualized return.
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%
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%
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PYARX vs. PKBIX - Expense Ratio Comparison
PYARX has a 0.70% expense ratio, which is lower than PKBIX's 1.25% expense ratio.
Return for Risk
PYARX vs. PKBIX — Risk / Return Rank
PYARX
PKBIX
PYARX vs. PKBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Absolute Return Bond Fund (PYARX) and Payden/Kravitz Cash Balance Plan Fund (PKBIX). 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.
| PYARX | PKBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.31 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.86 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.25 | -0.49 |
Martin ratioReturn relative to average drawdown | 5.16 | 6.96 | -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
| PYARX | PKBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.31 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.42 | 1.44 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 1.07 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.09 | +0.04 |
Correlation
The correlation between PYARX and PKBIX 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
PYARX vs. PKBIX - Dividend Comparison
PYARX's dividend yield for the trailing twelve months is around 6.50%, less than PKBIX's 8.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
PYARX vs. PKBIX - Drawdown Comparison
The maximum PYARX drawdown since its inception was -15.70%, smaller than the maximum PKBIX drawdown of -19.17%. Use the drawdown chart below to compare losses from any high point for PYARX and PKBIX.
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Drawdown Indicators
| PYARX | PKBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.70% | -19.17% | +3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -2.11% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -7.05% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -15.70% | -19.17% | +3.47% |
Current DrawdownCurrent decline from peak | -1.61% | -1.60% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -0.93% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.68% | +0.06% |
Volatility
PYARX vs. PKBIX - Volatility Comparison
The current volatility for Payden Absolute Return Bond Fund (PYARX) is 0.95%, while Payden/Kravitz Cash Balance Plan Fund (PKBIX) has a volatility of 1.00%. This indicates that PYARX experiences smaller price fluctuations and is considered to be less risky than PKBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYARX | PKBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.00% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 1.37% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 3.65% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.33% | 2.58% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.83% | 3.32% | -0.49% |