PYCRX vs. PYHRX
Compare and contrast key facts about Payden California Municipal Social Impact Fund (PYCRX) and Payden High Income Fund (PYHRX).
PYCRX is managed by Paydenfunds. It was launched on Dec 16, 1998. PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997.
Performance
PYCRX vs. PYHRX - Performance Comparison
Loading graphics...
PYCRX vs. PYHRX - 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% |
PYHRX Payden High Income Fund | 0.06% | 8.73% | 8.13% | 14.73% | -9.76% | 6.62% | 7.38% | 16.75% | -2.85% | 6.54% |
Returns By Period
In the year-to-date period, PYCRX achieves a -0.26% return, which is significantly lower than PYHRX's 0.06% return. Over the past 10 years, PYCRX has underperformed PYHRX with an annualized return of 2.68%, while PYHRX has yielded a comparatively higher 6.16% 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%
PYHRX
- 1D
- 0.56%
- 1M
- -0.95%
- YTD
- 0.06%
- 6M
- 1.79%
- 1Y
- 7.93%
- 3Y*
- 9.23%
- 5Y*
- 5.02%
- 10Y*
- 6.16%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PYCRX vs. PYHRX - Expense Ratio Comparison
PYCRX has a 0.45% expense ratio, which is lower than PYHRX's 0.60% expense ratio.
Return for Risk
PYCRX vs. PYHRX — Risk / Return Rank
PYCRX
PYHRX
PYCRX vs. PYHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden California Municipal Social Impact Fund (PYCRX) and Payden High Income Fund (PYHRX). 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 | PYHRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.07 | +1.03 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.17 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.93 | -0.60 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.16 | +1.27 |
Martin ratioReturn relative to average drawdown | 5.07 | 2.45 | +2.63 |
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
| PYCRX | PYHRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.07 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.10 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.17 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.26 | +0.95 |
Correlation
The correlation between PYCRX and PYHRX is 0.11, 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
PYCRX vs. PYHRX - Dividend Comparison
PYCRX's dividend yield for the trailing twelve months is around 3.47%, less than PYHRX's 6.55% 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% |
PYHRX Payden High Income Fund | 6.55% | 6.81% | 7.20% | 6.67% | 6.05% | 4.79% | 4.99% | 5.23% | 5.88% | 5.27% | 5.24% | 5.49% |
Drawdowns
PYCRX vs. PYHRX - Drawdown Comparison
The maximum PYCRX drawdown since its inception was -10.80%, smaller than the maximum PYHRX drawdown of -50.79%. Use the drawdown chart below to compare losses from any high point for PYCRX and PYHRX.
Loading graphics...
Drawdown Indicators
| PYCRX | PYHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.80% | -50.79% | +39.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.83% | -50.27% | +46.44% |
Max Drawdown (5Y)Largest decline over 5 years | -10.80% | -50.79% | +39.99% |
Max Drawdown (10Y)Largest decline over 10 years | -10.80% | -50.79% | +39.99% |
Current DrawdownCurrent decline from peak | -2.55% | -1.18% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -2.13% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 3.24% | -2.16% |
Volatility
PYCRX vs. PYHRX - Volatility Comparison
The current volatility for Payden California Municipal Social Impact Fund (PYCRX) is 0.97%, while Payden High Income Fund (PYHRX) has a volatility of 1.43%. This indicates that PYCRX experiences smaller price fluctuations and is considered to be less risky than PYHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PYCRX | PYHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.43% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.86% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 113.65% | -109.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 51.05% | -47.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 36.28% | -33.05% |