PYGSX vs. DFSHX
Compare and contrast key facts about Payden Global Low Duration Fund (PYGSX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX).
PYGSX is managed by Paydenfunds. It was launched on Sep 17, 1996. DFSHX is managed by Dimensional. It was launched on Jan 8, 2008.
Performance
PYGSX vs. DFSHX - Performance Comparison
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PYGSX vs. DFSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYGSX Payden Global Low Duration Fund | 0.26% | 5.72% | 5.19% | 5.61% | -3.38% | 0.17% | 3.14% | 4.77% | 0.58% | 1.90% |
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 0.11% | 4.84% | 5.66% | 5.55% | -6.24% | -0.82% | 2.33% | 4.82% | 1.83% | 2.61% |
Returns By Period
In the year-to-date period, PYGSX achieves a 0.26% return, which is significantly higher than DFSHX's 0.11% return. Over the past 10 years, PYGSX has outperformed DFSHX with an annualized return of 2.47%, while DFSHX has yielded a comparatively lower 2.02% annualized return.
PYGSX
- 1D
- 0.10%
- 1M
- -0.53%
- YTD
- 0.26%
- 6M
- 1.24%
- 1Y
- 4.25%
- 3Y*
- 5.01%
- 5Y*
- 2.59%
- 10Y*
- 2.47%
DFSHX
- 1D
- 0.11%
- 1M
- -0.96%
- YTD
- 0.11%
- 6M
- 1.00%
- 1Y
- 3.71%
- 3Y*
- 4.84%
- 5Y*
- 1.75%
- 10Y*
- 2.02%
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PYGSX vs. DFSHX - Expense Ratio Comparison
PYGSX has a 0.53% expense ratio, which is higher than DFSHX's 0.16% expense ratio.
Return for Risk
PYGSX vs. DFSHX — Risk / Return Rank
PYGSX
DFSHX
PYGSX vs. DFSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Global Low Duration Fund (PYGSX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX). 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.
| PYGSX | DFSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.57 | 3.20 | -0.63 |
Sortino ratioReturn per unit of downside risk | 3.97 | 4.76 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.60 | 2.01 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.89 | +0.66 |
Martin ratioReturn relative to average drawdown | 17.04 | 14.20 | +2.84 |
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
| PYGSX | DFSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 3.20 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 0.53 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.42 | 0.76 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.09 | 0.46 | +1.63 |
Correlation
The correlation between PYGSX and DFSHX is 0.41, 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
PYGSX vs. DFSHX - Dividend Comparison
PYGSX's dividend yield for the trailing twelve months is around 4.61%, more than DFSHX's 4.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYGSX Payden Global Low Duration Fund | 4.61% | 4.63% | 4.64% | 3.84% | 2.14% | 1.68% | 1.78% | 2.74% | 2.51% | 1.68% | 1.19% | 1.20% |
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 4.25% | 4.26% | 4.50% | 3.90% | 0.04% | 1.77% | 0.03% | 2.52% | 3.23% | 1.75% | 1.63% | 1.11% |
Drawdowns
PYGSX vs. DFSHX - Drawdown Comparison
The maximum PYGSX drawdown since its inception was -7.29%, smaller than the maximum DFSHX drawdown of -9.58%. Use the drawdown chart below to compare losses from any high point for PYGSX and DFSHX.
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Drawdown Indicators
| PYGSX | DFSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.29% | -9.58% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -1.28% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.38% | -9.58% | +4.20% |
Max Drawdown (10Y)Largest decline over 10 years | -7.29% | -9.58% | +2.29% |
Current DrawdownCurrent decline from peak | -0.74% | -1.07% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -2.32% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.26% | 0.00% |
Volatility
PYGSX vs. DFSHX - Volatility Comparison
Payden Global Low Duration Fund (PYGSX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX) have volatilities of 0.68% and 0.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYGSX | DFSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.69% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 0.94% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.66% | 1.17% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 3.34% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.74% | 2.66% | -0.92% |