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.
PYFRX vs. BGHSX
Compare and contrast key facts about Payden Floating Rate Fund (PYFRX) and BrandywineGLOBAL - High Yield Fund (BGHSX).
PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013. BGHSX is managed by Franklin Templeton Investments. It was launched on Dec 3, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYFRX or BGHSX.
Performance
PYFRX vs. BGHSX - Performance Comparison
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Key characteristics
PYFRX:
2.79
BGHSX:
1.93
PYFRX:
3.43
BGHSX:
2.65
PYFRX:
1.93
BGHSX:
1.44
PYFRX:
2.16
BGHSX:
1.62
PYFRX:
10.42
BGHSX:
5.95
PYFRX:
0.55%
BGHSX:
1.22%
PYFRX:
2.11%
BGHSX:
3.92%
PYFRX:
-20.17%
BGHSX:
-18.15%
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
0.80%
0.84%
1.17%
5.84%
8.27%
6.98%
4.51%
BGHSX
0.14%
0.50%
0.38%
7.50%
7.56%
5.07%
2.43%
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PYFRX vs. BGHSX - Expense Ratio Comparison
PYFRX has a 0.70% expense ratio, which is higher than BGHSX's 0.54% expense ratio.
Risk-Adjusted Performance
PYFRX vs. BGHSX — Risk-Adjusted Performance Rank
PYFRX
BGHSX
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.
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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.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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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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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