PYGFX vs. PYCBX
Compare and contrast key facts about Payden Global Fixed Income Fund (PYGFX) and Payden Core Bond Fund (PYCBX).
PYGFX is managed by Paydenfunds. It was launched on Aug 31, 1992. PYCBX is managed by Paydenfunds. It was launched on Dec 31, 1993.
Performance
PYGFX vs. PYCBX - Performance Comparison
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PYGFX vs. PYCBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYGFX Payden Global Fixed Income Fund | -0.69% | 5.20% | 3.90% | 7.34% | -12.37% | -0.89% | 5.92% | 8.61% | -0.26% | 4.11% |
PYCBX Payden Core Bond Fund | -0.35% | 7.69% | 2.55% | 6.57% | -13.55% | -1.00% | 6.93% | 9.27% | -1.26% | 5.25% |
Returns By Period
In the year-to-date period, PYGFX achieves a -0.69% return, which is significantly lower than PYCBX's -0.35% return. Both investments have delivered pretty close results over the past 10 years, with PYGFX having a 2.07% annualized return and PYCBX not far ahead at 2.14%.
PYGFX
- 1D
- 0.26%
- 1M
- -2.16%
- YTD
- -0.69%
- 6M
- -0.10%
- 1Y
- 3.07%
- 3Y*
- 4.21%
- 5Y*
- 0.61%
- 10Y*
- 2.07%
PYCBX
- 1D
- 0.22%
- 1M
- -1.69%
- YTD
- -0.35%
- 6M
- 0.58%
- 1Y
- 4.29%
- 3Y*
- 4.35%
- 5Y*
- 0.63%
- 10Y*
- 2.14%
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PYGFX vs. PYCBX - Expense Ratio Comparison
PYGFX has a 0.70% expense ratio, which is higher than PYCBX's 0.53% expense ratio.
Return for Risk
PYGFX vs. PYCBX — Risk / Return Rank
PYGFX
PYCBX
PYGFX vs. PYCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Global Fixed Income Fund (PYGFX) and Payden Core Bond Fund (PYCBX). 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 | PYCBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.03 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.47 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.60 | -0.55 |
Martin ratioReturn relative to average drawdown | 3.78 | 5.04 | -1.26 |
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 | PYCBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.03 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.11 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.46 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.95 | +0.26 |
Correlation
The correlation between PYGFX and PYCBX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PYGFX vs. PYCBX - Dividend Comparison
PYGFX's dividend yield for the trailing twelve months is around 4.00%, less than PYCBX's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYGFX Payden Global Fixed Income Fund | 4.00% | 3.88% | 3.69% | 2.71% | 8.25% | 3.18% | 2.69% | 3.07% | 5.39% | 1.91% | 1.48% | 3.00% |
PYCBX Payden Core Bond Fund | 4.68% | 4.78% | 4.63% | 3.76% | 3.21% | 2.39% | 3.96% | 3.04% | 3.27% | 3.13% | 3.85% | 2.84% |
Drawdowns
PYGFX vs. PYCBX - Drawdown Comparison
The maximum PYGFX drawdown since its inception was -15.94%, smaller than the maximum PYCBX drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for PYGFX and PYCBX.
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Drawdown Indicators
| PYGFX | PYCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -18.59% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -2.97% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -18.59% | +2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -18.59% | +2.65% |
Current DrawdownCurrent decline from peak | -2.54% | -2.21% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -2.42% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.94% | -0.06% |
Volatility
PYGFX vs. PYCBX - Volatility Comparison
The current volatility for Payden Global Fixed Income Fund (PYGFX) is 1.47%, while Payden Core Bond Fund (PYCBX) has a volatility of 1.60%. This indicates that PYGFX experiences smaller price fluctuations and is considered to be less risky than PYCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYGFX | PYCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.60% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 2.48% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 4.51% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 5.70% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 4.68% | -1.05% |