PYCRX vs. PYCBX
Compare and contrast key facts about Payden California Municipal Social Impact Fund (PYCRX) and Payden Core Bond Fund (PYCBX).
PYCRX is managed by Paydenfunds. It was launched on Dec 16, 1998. PYCBX is managed by Paydenfunds. It was launched on Dec 31, 1993.
Performance
PYCRX vs. PYCBX - Performance Comparison
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PYCRX vs. PYCBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYCRX Payden California Municipal Social Impact Fund | -0.26% | 6.37% | 2.57% | 6.16% | -6.38% | 0.76% | 5.58% | 8.21% | 0.57% | 6.04% |
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% |
Returns By Period
In the year-to-date period, PYCRX achieves a -0.26% return, which is significantly higher than PYCBX's -0.35% return. Over the past 10 years, PYCRX has outperformed PYCBX with an annualized return of 2.68%, while PYCBX has yielded a comparatively lower 2.14% annualized return.
PYCRX
- 1D
- 0.20%
- 1M
- -2.27%
- YTD
- -0.26%
- 6M
- 1.31%
- 1Y
- 4.40%
- 3Y*
- 4.01%
- 5Y*
- 1.93%
- 10Y*
- 2.68%
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%
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PYCRX vs. PYCBX - Expense Ratio Comparison
PYCRX has a 0.45% expense ratio, which is lower than PYCBX's 0.53% expense ratio.
Return for Risk
PYCRX vs. PYCBX — Risk / Return Rank
PYCRX
PYCBX
PYCRX vs. PYCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden California Municipal Social Impact Fund (PYCRX) and Payden Core Bond Fund (PYCBX). 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.
| PYCRX | PYCBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.03 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.47 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.60 | -0.17 |
Martin ratioReturn relative to average drawdown | 5.07 | 5.04 | +0.03 |
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
| PYCRX | PYCBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.03 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.11 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.46 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.95 | +0.25 |
Correlation
The correlation between PYCRX and PYCBX is 0.54, 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
PYCRX vs. PYCBX - Dividend Comparison
PYCRX's dividend yield for the trailing twelve months is around 3.47%, less than PYCBX's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYCRX Payden California Municipal Social Impact Fund | 3.47% | 4.58% | 4.06% | 2.78% | 1.82% | 1.23% | 3.72% | 4.89% | 2.43% | 2.28% | 3.47% | 3.34% |
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% |
Drawdowns
PYCRX vs. PYCBX - Drawdown Comparison
The maximum PYCRX drawdown since its inception was -10.80%, smaller than the maximum PYCBX drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for PYCRX and PYCBX.
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Drawdown Indicators
| PYCRX | PYCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.80% | -18.59% | +7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.83% | -2.97% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -10.80% | -18.59% | +7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -10.80% | -18.59% | +7.79% |
Current DrawdownCurrent decline from peak | -2.55% | -2.21% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -2.42% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.94% | +0.14% |
Volatility
PYCRX vs. PYCBX - Volatility Comparison
The current volatility for Payden California Municipal Social Impact Fund (PYCRX) is 0.97%, while Payden Core Bond Fund (PYCBX) has a volatility of 1.60%. This indicates that PYCRX experiences smaller price fluctuations and is considered to be less risky than PYCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYCRX | PYCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.60% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 2.48% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.51% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 5.70% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 4.68% | -1.45% |