Correlation
The correlation between PYFRX and DHEAX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
PYFRX vs. DHEAX
Compare and contrast key facts about Payden Floating Rate Fund (PYFRX) and Diamond Hill Short Duration Securitized Bond Fund (DHEAX).
PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013. DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYFRX or DHEAX.
Performance
PYFRX vs. DHEAX - Performance Comparison
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Key characteristics
PYFRX:
2.79
DHEAX:
6.08
PYFRX:
3.43
DHEAX:
10.59
PYFRX:
1.93
DHEAX:
3.07
PYFRX:
2.16
DHEAX:
16.13
PYFRX:
10.42
DHEAX:
79.61
PYFRX:
0.55%
DHEAX:
0.10%
PYFRX:
2.11%
DHEAX:
1.32%
PYFRX:
-20.17%
DHEAX:
-12.34%
PYFRX:
-0.62%
DHEAX:
-0.30%
Returns By Period
In the year-to-date period, PYFRX achieves a 0.80% return, which is significantly lower than DHEAX's 2.35% return.
PYFRX
0.80%
0.84%
1.17%
5.84%
8.27%
6.98%
4.51%
DHEAX
2.35%
0.00%
2.97%
8.01%
6.35%
5.63%
N/A
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PYFRX vs. DHEAX - Expense Ratio Comparison
PYFRX has a 0.70% expense ratio, which is lower than DHEAX's 0.83% expense ratio.
Risk-Adjusted Performance
PYFRX vs. DHEAX — Risk-Adjusted Performance Rank
PYFRX
DHEAX
PYFRX vs. DHEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Floating Rate Fund (PYFRX) and Diamond Hill Short Duration Securitized Bond Fund (DHEAX). 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. DHEAX - Dividend Comparison
PYFRX's dividend yield for the trailing twelve months is around 8.00%, more than DHEAX's 5.36% 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% |
DHEAX Diamond Hill Short Duration Securitized Bond Fund | 5.36% | 5.94% | 5.25% | 3.41% | 2.31% | 2.92% | 3.76% | 3.45% | 3.20% | 0.79% | 0.00% | 0.00% |
Drawdowns
PYFRX vs. DHEAX - Drawdown Comparison
The maximum PYFRX drawdown since its inception was -20.17%, which is greater than DHEAX's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for PYFRX and DHEAX.
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Volatility
PYFRX vs. DHEAX - Volatility Comparison
Payden Floating Rate Fund (PYFRX) has a higher volatility of 0.89% compared to Diamond Hill Short Duration Securitized Bond Fund (DHEAX) at 0.50%. This indicates that PYFRX's price experiences larger fluctuations and is considered to be riskier than DHEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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