PYCEX vs. PYLMX
Compare and contrast key facts about Payden Emerging Markets Corporate Bond Fund (PYCEX) and Payden Limited Maturity Fund (PYLMX).
PYCEX is managed by Paydenfunds. It was launched on Nov 10, 2013. PYLMX is managed by Paydenfunds. It was launched on Apr 29, 1994.
Performance
PYCEX vs. PYLMX - Performance Comparison
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PYCEX vs. PYLMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYCEX Payden Emerging Markets Corporate Bond Fund | -0.54% | 7.96% | 7.90% | 7.37% | -11.02% | 0.80% | 8.17% | 11.90% | -3.33% | 9.13% |
PYLMX Payden Limited Maturity Fund | 0.29% | 5.22% | 6.08% | 5.34% | 0.56% | 0.19% | 1.85% | 3.34% | 1.76% | 1.64% |
Returns By Period
In the year-to-date period, PYCEX achieves a -0.54% return, which is significantly lower than PYLMX's 0.29% return. Over the past 10 years, PYCEX has outperformed PYLMX with an annualized return of 4.20%, while PYLMX has yielded a comparatively lower 2.71% annualized return.
PYCEX
- 1D
- 0.23%
- 1M
- -1.75%
- YTD
- -0.54%
- 6M
- 0.64%
- 1Y
- 4.94%
- 3Y*
- 7.27%
- 5Y*
- 2.39%
- 10Y*
- 4.20%
PYLMX
- 1D
- 0.11%
- 1M
- -0.31%
- YTD
- 0.29%
- 6M
- 1.46%
- 1Y
- 4.19%
- 3Y*
- 5.19%
- 5Y*
- 3.49%
- 10Y*
- 2.71%
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PYCEX vs. PYLMX - Expense Ratio Comparison
PYCEX has a 0.65% expense ratio, which is higher than PYLMX's 0.25% expense ratio.
Return for Risk
PYCEX vs. PYLMX — Risk / Return Rank
PYCEX
PYLMX
PYCEX vs. PYLMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Corporate Bond Fund (PYCEX) and Payden Limited Maturity Fund (PYLMX). 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.
| PYCEX | PYLMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 2.73 | -0.77 |
Sortino ratioReturn per unit of downside risk | 2.54 | 6.76 | -4.22 |
Omega ratioGain probability vs. loss probability | 1.49 | 2.23 | -0.74 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 9.38 | -7.67 |
Martin ratioReturn relative to average drawdown | 7.05 | 33.06 | -26.01 |
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
| PYCEX | PYLMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.73 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 2.67 | -1.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 2.11 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 2.38 | -1.20 |
Correlation
The correlation between PYCEX and PYLMX is 0.23, 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
PYCEX vs. PYLMX - Dividend Comparison
PYCEX's dividend yield for the trailing twelve months is around 6.43%, more than PYLMX's 4.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYCEX Payden Emerging Markets Corporate Bond Fund | 6.43% | 6.50% | 6.21% | 5.59% | 4.92% | 5.23% | 4.00% | 4.81% | 5.13% | 4.84% | 4.18% | 4.51% |
PYLMX Payden Limited Maturity Fund | 4.21% | 4.96% | 5.36% | 3.79% | 1.83% | 0.50% | 1.39% | 2.54% | 2.28% | 1.42% | 0.91% | 0.73% |
Drawdowns
PYCEX vs. PYLMX - Drawdown Comparison
The maximum PYCEX drawdown since its inception was -20.12%, which is greater than PYLMX's maximum drawdown of -5.56%. Use the drawdown chart below to compare losses from any high point for PYCEX and PYLMX.
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Drawdown Indicators
| PYCEX | PYLMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -5.56% | -14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -0.52% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -1.24% | -18.88% |
Max Drawdown (10Y)Largest decline over 10 years | -20.12% | -5.56% | -14.56% |
Current DrawdownCurrent decline from peak | -2.08% | -0.42% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -0.16% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.15% | +0.57% |
Volatility
PYCEX vs. PYLMX - Volatility Comparison
Payden Emerging Markets Corporate Bond Fund (PYCEX) has a higher volatility of 0.84% compared to Payden Limited Maturity Fund (PYLMX) at 0.28%. This indicates that PYCEX's price experiences larger fluctuations and is considered to be riskier than PYLMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYCEX | PYLMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.28% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 1.09% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 1.69% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 1.32% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 1.29% | +2.28% |