PYGFX vs. PYLMX
Compare and contrast key facts about Payden Global Fixed Income Fund (PYGFX) and Payden Limited Maturity Fund (PYLMX).
PYGFX is managed by Paydenfunds. It was launched on Aug 31, 1992. PYLMX is managed by Paydenfunds. It was launched on Apr 29, 1994.
Performance
PYGFX vs. PYLMX - Performance Comparison
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PYGFX vs. PYLMX - 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% |
PYLMX Payden Limited Maturity Fund | 0.19% | 5.22% | 6.08% | 5.34% | 0.56% | 0.19% | 1.85% | 3.34% | 1.76% | 1.64% |
Returns By Period
In the year-to-date period, PYGFX achieves a -0.95% return, which is significantly lower than PYLMX's 0.19% return. Over the past 10 years, PYGFX has underperformed PYLMX with an annualized return of 2.04%, while PYLMX has yielded a comparatively higher 2.70% 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%
PYLMX
- 1D
- 0.00%
- 1M
- -0.52%
- YTD
- 0.19%
- 6M
- 1.36%
- 1Y
- 4.08%
- 3Y*
- 5.15%
- 5Y*
- 3.47%
- 10Y*
- 2.70%
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PYGFX vs. PYLMX - Expense Ratio Comparison
PYGFX has a 0.70% expense ratio, which is higher than PYLMX's 0.25% expense ratio.
Return for Risk
PYGFX vs. PYLMX — Risk / Return Rank
PYGFX
PYLMX
PYGFX vs. PYLMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Global Fixed Income Fund (PYGFX) and Payden Limited Maturity Fund (PYLMX). 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 | PYLMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 2.87 | -2.08 |
Sortino ratioReturn per unit of downside risk | 1.07 | 7.73 | -6.66 |
Omega ratioGain probability vs. loss probability | 1.17 | 2.41 | -1.23 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 9.17 | -8.10 |
Martin ratioReturn relative to average drawdown | 3.93 | 32.84 | -28.91 |
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 | PYLMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.87 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 2.65 | -2.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 2.10 | -1.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 2.38 | -1.18 |
Correlation
The correlation between PYGFX and PYLMX is 0.29, 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.
Dividends
PYGFX vs. PYLMX - Dividend Comparison
PYGFX's dividend yield for the trailing twelve months is around 4.01%, less than PYLMX's 4.22% 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% |
PYLMX Payden Limited Maturity Fund | 4.22% | 4.96% | 5.36% | 3.79% | 1.83% | 0.50% | 1.39% | 2.54% | 2.28% | 1.42% | 0.91% | 0.73% |
Drawdowns
PYGFX vs. PYLMX - Drawdown Comparison
The maximum PYGFX drawdown since its inception was -15.94%, which is greater than PYLMX's maximum drawdown of -5.56%. Use the drawdown chart below to compare losses from any high point for PYGFX and PYLMX.
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Drawdown Indicators
| PYGFX | PYLMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -5.56% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -0.52% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -1.24% | -14.70% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -5.56% | -10.38% |
Current DrawdownCurrent decline from peak | -2.80% | -0.52% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -0.16% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.15% | +0.72% |
Volatility
PYGFX vs. PYLMX - Volatility Comparison
Payden Global Fixed Income Fund (PYGFX) has a higher volatility of 1.44% compared to Payden Limited Maturity Fund (PYLMX) at 0.26%. This indicates that PYGFX's price experiences larger fluctuations and is considered to be riskier than PYLMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYGFX | PYLMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.26% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 1.08% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 1.69% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 1.32% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 1.29% | +2.34% |