PYGFX vs. PRSNX
Compare and contrast key facts about Payden Global Fixed Income Fund (PYGFX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX).
PYGFX is managed by Paydenfunds. It was launched on Aug 31, 1992. PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008.
Performance
PYGFX vs. PRSNX - Performance Comparison
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PYGFX vs. PRSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYGFX Payden Global Fixed Income Fund | -0.95% | 5.20% | 3.90% | 7.34% | -12.37% | -0.89% | 5.92% | 8.61% | -0.26% | 4.11% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | -0.62% | 11.12% | 4.27% | 12.77% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 6.47% |
Returns By Period
In the year-to-date period, PYGFX achieves a -0.95% return, which is significantly lower than PRSNX's -0.62% return. Over the past 10 years, PYGFX has underperformed PRSNX with an annualized return of 2.04%, while PRSNX has yielded a comparatively higher 3.88% annualized return.
PYGFX
- 1D
- 0.42%
- 1M
- -2.80%
- YTD
- -0.95%
- 6M
- -0.23%
- 1Y
- 3.07%
- 3Y*
- 4.12%
- 5Y*
- 0.60%
- 10Y*
- 2.04%
PRSNX
- 1D
- 0.00%
- 1M
- -2.18%
- YTD
- -0.62%
- 6M
- 1.97%
- 1Y
- 8.06%
- 3Y*
- 7.81%
- 5Y*
- 1.95%
- 10Y*
- 3.88%
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PYGFX vs. PRSNX - Expense Ratio Comparison
PYGFX has a 0.70% expense ratio, which is higher than PRSNX's 0.65% expense ratio.
Return for Risk
PYGFX vs. PRSNX — Risk / Return Rank
PYGFX
PRSNX
PYGFX vs. PRSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Global Fixed Income Fund (PYGFX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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.
| PYGFX | PRSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 2.57 | -1.78 |
Sortino ratioReturn per unit of downside risk | 1.07 | 4.18 | -3.11 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.58 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.69 | -2.62 |
Martin ratioReturn relative to average drawdown | 3.93 | 13.83 | -9.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PYGFX | PRSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.57 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.46 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.95 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 1.41 | -0.21 |
Correlation
The correlation between PYGFX and PRSNX is 0.62, 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.
Dividends
PYGFX vs. PRSNX - Dividend Comparison
PYGFX's dividend yield for the trailing twelve months is around 4.01%, less than PRSNX's 8.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYGFX Payden Global Fixed Income Fund | 4.01% | 3.88% | 3.69% | 2.71% | 8.25% | 3.18% | 2.69% | 3.07% | 5.39% | 1.91% | 1.48% | 3.00% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 8.98% | 9.51% | 5.09% | 5.08% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Drawdowns
PYGFX vs. PRSNX - Drawdown Comparison
The maximum PYGFX drawdown since its inception was -15.94%, smaller than the maximum PRSNX drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for PYGFX and PRSNX.
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Drawdown Indicators
| PYGFX | PRSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -19.70% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -2.19% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -19.70% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -19.70% | +3.76% |
Current DrawdownCurrent decline from peak | -2.80% | -2.18% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -2.42% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.59% | +0.28% |
Volatility
PYGFX vs. PRSNX - Volatility Comparison
Payden Global Fixed Income Fund (PYGFX) has a higher volatility of 1.44% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 1.08%. This indicates that PYGFX's price experiences larger fluctuations and is considered to be riskier than PRSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYGFX | PRSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.08% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 2.09% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 3.42% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 4.27% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 4.11% | -0.48% |