PYGSX vs. DGFFX
PYGSX (Payden Global Low Duration Fund) and DGFFX (Destinations Global Fixed Income Opportunities Fund) are both Global Bonds funds. Over the past 5 years, PYGSX returned 2.65%/yr vs 3.76%/yr for DGFFX. Their 0.33 correlation means their historical movements had little consistent relationship. PYGSX charges 0.53%/yr vs 0.99%/yr for DGFFX.
Performance
PYGSX vs. DGFFX - Performance Comparison
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Returns By Period
In the year-to-date period, PYGSX achieves a 0.96% return, which is significantly lower than DGFFX's 2.91% return.
PYGSX
- 1D
- -0.02%
- 1M
- 0.08%
- 6M
- 0.64%
- YTD
- 0.96%
- 1Y
- 2.96%
- 3Y*
- 5.08%
- 5Y*
- 2.65%
- 10Y*
- 2.44%
- ALL TIME*
- 3.31%
DGFFX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 2.04%
- YTD
- 2.91%
- 1Y
- 5.51%
- 3Y*
- 6.93%
- 5Y*
- 3.76%
- 10Y*
- —
- ALL TIME*
- 3.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PYGSX vs. DGFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYGSX Payden Global Low Duration Fund | 0.96% | 5.72% | 5.19% | 5.61% | -3.38% | 0.17% | 3.14% | 4.77% | 0.58% | 1.49% |
DGFFX Destinations Global Fixed Income Opportunities Fund | 2.91% | 5.84% | 8.04% | 7.82% | -6.09% | 4.91% | 3.59% | 6.64% | -0.35% | 3.57% |
Correlation
The correlation between PYGSX and DGFFX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017 | 0.33 |
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Return for Risk
PYGSX vs. DGFFX — Risk / Return Rank
PYGSX
DGFFX
PYGSX vs. DGFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Global Low Duration Fund (PYGSX) and Destinations Global Fixed Income Opportunities Fund (DGFFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PYGSX | DGFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.78 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 5.65 | -2.79 |
| Martin ratioReturn relative to average drawdown | 10.84 | 25.57 | -14.73 |
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Drawdowns
PYGSX vs. DGFFX - Drawdown Comparison
The maximum PYGSX drawdown since its inception was -7.29%, smaller than the maximum DGFFX drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for PYGSX and DGFFX.
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Drawdown Indicators
| PYGSX | DGFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.29% | -12.69% | +5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -1.19% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.23% | -3.38% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -5.38% | -8.17% | +2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -7.29% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.21% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -1.30% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.24% | +0.08% |
Volatility
PYGSX vs. DGFFX - Volatility Comparison
The current volatility for Payden Global Low Duration Fund (PYGSX) is 0.41%, while Destinations Global Fixed Income Opportunities Fund (DGFFX) has a volatility of 0.44%. This indicates that PYGSX experiences smaller price fluctuations and is considered to be less risky than DGFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYGSX | DGFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.44% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 1.50% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 2.02% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 2.43% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 2.59% | -0.83% |
PYGSX vs. DGFFX - Expense Ratio Comparison
PYGSX has a 0.53% expense ratio, which is lower than DGFFX's 0.99% expense ratio.
Dividends
PYGSX vs. DGFFX - Dividend Comparison
PYGSX's dividend yield for the trailing twelve months is around 4.74%, less than DGFFX's 6.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFFX Destinations Global Fixed Income Opportunities Fund | 6.83% | 5.52% | 6.81% | 4.95% | 3.37% | 4.14% | 4.22% | 4.18% | 3.79% | 2.94% | 0.00% | 0.00% |
PYGSX Payden Global Low Duration Fund | 4.74% | 4.63% | 4.64% | 3.84% | 2.14% | 1.68% | 1.78% | 2.74% | 2.51% | 1.68% | 1.19% | 1.20% |
Frequently Asked Questions
PYGSX and DGFFX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGFFX has higher volatility (0.44%) compared to PYGSX (0.41%). In terms of maximum drawdown, PYGSX dropped -7.29% vs DGFFX's -12.69%.
DGFFX currently has the higher Sharpe Ratio (3.33 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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