PYCBX vs. PKBIX
Compare and contrast key facts about Payden Core Bond Fund (PYCBX) and Payden/Kravitz Cash Balance Plan Fund (PKBIX).
PYCBX is managed by Paydenfunds. It was launched on Dec 31, 1993. PKBIX is managed by Paydenfunds. It was launched on Sep 21, 2008.
Performance
PYCBX vs. PKBIX - Performance Comparison
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PYCBX vs. PKBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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, PYCBX achieves a -0.35% return, which is significantly higher than PKBIX's -0.50% return. Over the past 10 years, PYCBX has underperformed PKBIX with an annualized return of 2.14%, while PKBIX has yielded a comparatively higher 3.53% annualized return.
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%
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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PYCBX vs. PKBIX - Expense Ratio Comparison
PYCBX has a 0.53% expense ratio, which is lower than PKBIX's 1.25% expense ratio.
Return for Risk
PYCBX vs. PKBIX — Risk / Return Rank
PYCBX
PKBIX
PYCBX vs. PKBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Core Bond Fund (PYCBX) 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.
| PYCBX | PKBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.31 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.86 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.42 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.25 | -0.65 |
Martin ratioReturn relative to average drawdown | 5.04 | 6.96 | -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
| PYCBX | PKBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.31 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.44 | -1.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 1.07 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.09 | -0.14 |
Correlation
The correlation between PYCBX and PKBIX 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
PYCBX vs. PKBIX - Dividend Comparison
PYCBX's dividend yield for the trailing twelve months is around 4.68%, less than PKBIX's 8.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
PYCBX vs. PKBIX - Drawdown Comparison
The maximum PYCBX drawdown since its inception was -18.59%, roughly equal to the maximum PKBIX drawdown of -19.17%. Use the drawdown chart below to compare losses from any high point for PYCBX and PKBIX.
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Drawdown Indicators
| PYCBX | PKBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -19.17% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -2.11% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -7.05% | -11.54% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -19.17% | +0.58% |
Current DrawdownCurrent decline from peak | -2.21% | -1.60% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -0.93% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.68% | +0.26% |
Volatility
PYCBX vs. PKBIX - Volatility Comparison
Payden Core Bond Fund (PYCBX) has a higher volatility of 1.60% compared to Payden/Kravitz Cash Balance Plan Fund (PKBIX) at 1.00%. This indicates that PYCBX's price experiences larger fluctuations and is considered to be riskier 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
| PYCBX | PKBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.00% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 1.37% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 3.65% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 2.58% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 3.32% | +1.36% |