PYCBX vs. PYGSX
Compare and contrast key facts about Payden Core Bond Fund (PYCBX) and Payden Global Low Duration Fund (PYGSX).
PYCBX is managed by Paydenfunds. It was launched on Dec 31, 1993. PYGSX is managed by Paydenfunds. It was launched on Sep 17, 1996.
Performance
PYCBX vs. PYGSX - Performance Comparison
Loading graphics...
PYCBX vs. PYGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYCBX Payden Core Bond Fund | -0.57% | 7.69% | 2.55% | 6.57% | -13.55% | -1.00% | 6.93% | 9.27% | -1.26% | 5.25% |
PYGSX Payden Global Low Duration Fund | 0.15% | 5.72% | 5.19% | 5.61% | -3.38% | 0.17% | 3.14% | 4.77% | 0.58% | 1.90% |
Returns By Period
In the year-to-date period, PYCBX achieves a -0.57% return, which is significantly lower than PYGSX's 0.15% return. Over the past 10 years, PYCBX has underperformed PYGSX with an annualized return of 2.12%, while PYGSX has yielded a comparatively higher 2.46% annualized return.
PYCBX
- 1D
- 0.56%
- 1M
- -2.43%
- YTD
- -0.57%
- 6M
- 0.58%
- 1Y
- 4.40%
- 3Y*
- 4.27%
- 5Y*
- 0.66%
- 10Y*
- 2.12%
PYGSX
- 1D
- 0.19%
- 1M
- -0.84%
- YTD
- 0.15%
- 6M
- 1.24%
- 1Y
- 4.14%
- 3Y*
- 4.98%
- 5Y*
- 2.57%
- 10Y*
- 2.46%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PYCBX vs. PYGSX - Expense Ratio Comparison
Both PYCBX and PYGSX have an expense ratio of 0.53%.
Return for Risk
PYCBX vs. PYGSX — Risk / Return Rank
PYCBX
PYGSX
PYCBX vs. PYGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Core Bond Fund (PYCBX) and Payden Global Low Duration Fund (PYGSX). 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 | PYGSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 2.57 | -1.57 |
Sortino ratioReturn per unit of downside risk | 1.44 | 3.97 | -2.53 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.60 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.53 | -1.82 |
Martin ratioReturn relative to average drawdown | 5.45 | 17.22 | -11.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PYCBX | PYGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.57 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 1.38 | -1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 1.42 | -0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 2.08 | -1.14 |
Correlation
The correlation between PYCBX and PYGSX is 0.59, 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
PYCBX vs. PYGSX - Dividend Comparison
PYCBX's dividend yield for the trailing twelve months is around 4.69%, more than PYGSX's 4.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYCBX Payden Core Bond Fund | 4.69% | 4.78% | 4.63% | 3.76% | 3.21% | 2.39% | 3.96% | 3.04% | 3.27% | 3.13% | 3.85% | 2.84% |
PYGSX Payden Global Low Duration Fund | 4.61% | 4.63% | 4.64% | 3.84% | 2.14% | 1.68% | 1.78% | 2.74% | 2.51% | 1.68% | 1.19% | 1.20% |
Drawdowns
PYCBX vs. PYGSX - Drawdown Comparison
The maximum PYCBX drawdown since its inception was -18.59%, which is greater than PYGSX's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for PYCBX and PYGSX.
Loading graphics...
Drawdown Indicators
| PYCBX | PYGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -7.29% | -11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -1.23% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -5.38% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -7.29% | -11.30% |
Current DrawdownCurrent decline from peak | -2.43% | -0.84% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -0.49% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.25% | +0.68% |
Volatility
PYCBX vs. PYGSX - Volatility Comparison
Payden Core Bond Fund (PYCBX) has a higher volatility of 1.63% compared to Payden Global Low Duration Fund (PYGSX) at 0.69%. This indicates that PYCBX's price experiences larger fluctuations and is considered to be riskier than PYGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PYCBX | PYGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 0.69% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 1.04% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 1.66% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 1.87% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 1.74% | +2.94% |