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PYFRX vs. BGHSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PYFRX and BGHSX is 0.28, 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.


Performance

PYFRX vs. BGHSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Payden Floating Rate Fund (PYFRX) and BrandywineGLOBAL - High Yield Fund (BGHSX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PYFRX:

2.79

BGHSX:

1.93

Sortino Ratio

PYFRX:

3.43

BGHSX:

2.65

Omega Ratio

PYFRX:

1.93

BGHSX:

1.44

Calmar Ratio

PYFRX:

2.16

BGHSX:

1.62

Martin Ratio

PYFRX:

10.42

BGHSX:

5.95

Ulcer Index

PYFRX:

0.55%

BGHSX:

1.22%

Daily Std Dev

PYFRX:

2.11%

BGHSX:

3.92%

Max Drawdown

PYFRX:

-20.17%

BGHSX:

-18.15%

Current Drawdown

PYFRX:

-0.62%

BGHSX:

-1.68%

Returns By Period

In the year-to-date period, PYFRX achieves a 0.80% return, which is significantly higher than BGHSX's 0.14% return. Over the past 10 years, PYFRX has outperformed BGHSX with an annualized return of 4.51%, while BGHSX has yielded a comparatively lower 2.43% annualized return.


PYFRX

YTD

0.80%

1M

0.84%

6M

1.17%

1Y

5.84%

3Y*

8.27%

5Y*

6.98%

10Y*

4.51%

BGHSX

YTD

0.14%

1M

0.50%

6M

0.38%

1Y

7.50%

3Y*

7.56%

5Y*

5.07%

10Y*

2.43%

*Annualized

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Payden Floating Rate Fund

PYFRX vs. BGHSX - Expense Ratio Comparison

PYFRX has a 0.70% expense ratio, which is higher than BGHSX's 0.54% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PYFRX vs. BGHSX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PYFRX
The Risk-Adjusted Performance Rank of PYFRX is 9595
Overall Rank
The Sharpe Ratio Rank of PYFRX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of PYFRX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of PYFRX is 9898
Omega Ratio Rank
The Calmar Ratio Rank of PYFRX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of PYFRX is 9393
Martin Ratio Rank

BGHSX
The Risk-Adjusted Performance Rank of BGHSX is 9090
Overall Rank
The Sharpe Ratio Rank of BGHSX is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of BGHSX is 9090
Sortino Ratio Rank
The Omega Ratio Rank of BGHSX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of BGHSX is 8989
Calmar Ratio Rank
The Martin Ratio Rank of BGHSX is 8787
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PYFRX vs. BGHSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Payden Floating Rate Fund (PYFRX) and BrandywineGLOBAL - High Yield Fund (BGHSX). 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.


The current PYFRX Sharpe Ratio is 2.79, which is higher than the BGHSX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of PYFRX and BGHSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

PYFRX vs. BGHSX - Dividend Comparison

PYFRX's dividend yield for the trailing twelve months is around 8.00%, more than BGHSX's 7.54% yield.


TTM20242023202220212020201920182017201620152014
PYFRX
Payden Floating Rate Fund
8.00%8.88%8.35%5.07%2.95%3.22%4.44%4.22%3.31%3.53%3.19%3.37%
BGHSX
BrandywineGLOBAL - High Yield Fund
7.54%7.39%6.95%6.34%6.30%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PYFRX vs. BGHSX - Drawdown Comparison

The maximum PYFRX drawdown since its inception was -20.17%, which is greater than BGHSX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for PYFRX and BGHSX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PYFRX vs. BGHSX - Volatility Comparison

The current volatility for Payden Floating Rate Fund (PYFRX) is 0.89%, while BrandywineGLOBAL - High Yield Fund (BGHSX) has a volatility of 1.25%. This indicates that PYFRX experiences smaller price fluctuations and is considered to be less risky than BGHSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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