PYFRX vs. FFRHX
Compare and contrast key facts about Payden Floating Rate Fund (PYFRX) and Fidelity Floating Rate High Income Fund (FFRHX).
PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYFRX or FFRHX.
Key characteristics
| PYFRX | FFRHX | |
|---|---|---|
| YTD Return | 6.01% | 5.83% |
| 1Y Return | 9.33% | 8.30% |
| 3Y Return (Ann) | 6.57% | 6.00% |
| 5Y Return (Ann) | 5.24% | 5.18% |
| 10Y Return (Ann) | 4.42% | 4.38% |
| Sharpe Ratio | 8.54 | 3.25 |
| Daily Std Dev | 1.11% | 2.57% |
| Max Drawdown | -20.18% | -22.20% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PYFRX and FFRHX is 0.55, 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.
Performance
PYFRX vs. FFRHX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PYFRX having a 6.01% return and FFRHX slightly lower at 5.83%. Both investments have delivered pretty close results over the past 10 years, with PYFRX having a 4.42% annualized return and FFRHX not far behind at 4.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PYFRX vs. FFRHX - Expense Ratio Comparison
PYFRX has a 0.70% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
PYFRX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Floating Rate Fund (PYFRX) and Fidelity Floating Rate High Income Fund (FFRHX). 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.
Dividends
PYFRX vs. FFRHX - Dividend Comparison
PYFRX's dividend yield for the trailing twelve months is around 9.05%, more than FFRHX's 8.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYFRX Payden Floating Rate Fund | 9.05% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% | 3.38% | 0.20% |
FFRHX Fidelity Floating Rate High Income Fund | 8.51% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
PYFRX vs. FFRHX - Drawdown Comparison
The maximum PYFRX drawdown since its inception was -20.18%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for PYFRX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
PYFRX vs. FFRHX - Volatility Comparison
The current volatility for Payden Floating Rate Fund (PYFRX) is 0.21%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.64%. This indicates that PYFRX experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.