PYGSX vs. VTILX

Last updated Aug 1, 2026

PYGSX (Payden Global Low Duration Fund) and VTILX (Vanguard Total International Bond II Index Fund) are both Global Bonds funds. Over the past 5 years, PYGSX returned 2.65%/yr vs -0.02%/yr for VTILX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. PYGSX charges 0.53%/yr vs 0.07%/yr for VTILX.

Performance

PYGSX vs. VTILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Payden Global Low Duration Fund (PYGSX) and Vanguard Total International Bond II Index Fund (VTILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYGSX achieves a 0.96% return, which is significantly higher than VTILX's 0.25% 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%

VTILX

• 1D: 0.04%
• 1M: -0.77%
• 6M: -0.17%
• YTD: 0.25%
• 1Y: 1.28%
• 3Y*: 3.99%
• 5Y*: -0.02%
• 10Y*: —
• ALL TIME*: 0.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PYGSX Payden Global Low Duration Fund	$0.00	$0.00	$0.00
VTILX Vanguard Total International Bond II Index Fund	$0.00	$0.00	$0.00

PYGSX vs. VTILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PYGSX Payden Global Low Duration Fund	0.96%	5.72%	5.19%	5.61%	-3.38%	-0.23%
VTILX Vanguard Total International Bond II Index Fund	0.25%	2.96%	3.91%	8.85%	-13.01%	0.38%

Correlation

The correlation between PYGSX and VTILX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021	0.58

The correlation between PYGSX and VTILX has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

Return for Risk

PYGSX vs. VTILX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PYGSX

PYGSX Risk / Return Rank: 89
PYGSX Sharpe Ratio Rank: 90
PYGSX Sortino Ratio Rank: 92
PYGSX Omega Ratio Rank: 93
PYGSX Calmar Ratio Rank: 83
PYGSX Martin Ratio Rank: 85

VTILX

VTILX Risk / Return Rank: 11
VTILX Sharpe Ratio Rank: 12
VTILX Sortino Ratio Rank: 11
VTILX Omega Ratio Rank: 11
VTILX Calmar Ratio Rank: 11
VTILX Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PYGSX vs. VTILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Payden Global Low Duration Fund (PYGSX) and Vanguard Total International Bond II Index Fund (VTILX). 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	VTILX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	0.46	+1.83
Sortino ratio: Return per unit of downside risk	3.60	0.67	+2.93
Omega ratio: Gain probability vs. loss probability	1.53	1.08	+0.45
Calmar ratio: Return relative to maximum drawdown	2.86	0.49	+2.36
Martin ratio: Return relative to average drawdown	10.84	1.26	+9.59

PYGSX vs. VTILX - Sharpe Ratio Comparison

The current PYGSX Sharpe Ratio is 2.29, which is higher than the VTILX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of PYGSX and VTILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PYGSX vs. VTILX - Drawdown Comparison

The maximum PYGSX drawdown since its inception was -7.29%, smaller than the maximum VTILX drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for PYGSX and VTILX.

Drawdown Indicators

	PYGSX	VTILX	Difference
Max Drawdown Largest peak-to-trough decline	-7.29%	-15.85%	+8.56%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	-2.90%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-1.23%	-2.90%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	-5.38%	-15.85%	+10.47%
Max Drawdown (10Y) Largest decline over 10 years	-7.29%	—	—
Current Drawdown Current decline from peak	-0.04%	-1.60%	+1.56%
Average Drawdown Average peak-to-trough decline	-0.49%	-5.76%	+5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	1.13%	-0.81%

Volatility

PYGSX vs. VTILX - Volatility Comparison

The current volatility for Payden Global Low Duration Fund (PYGSX) is 0.41%, while Vanguard Total International Bond II Index Fund (VTILX) has a volatility of 0.85%. This indicates that PYGSX experiences smaller price fluctuations and is considered to be less risky than VTILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYGSX	VTILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	0.85%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	1.21%	2.70%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	1.54%	3.12%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.91%	4.47%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.76%	4.33%	-2.57%

PYGSX vs. VTILX - Expense Ratio Comparison

PYGSX has a 0.53% expense ratio, which is higher than VTILX's 0.07% expense ratio.

Dividends

PYGSX vs. VTILX - Dividend Comparison

PYGSX's dividend yield for the trailing twelve months is around 4.74%, more than VTILX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTILX Vanguard Total International Bond II Index Fund	4.18%	4.27%	4.52%	4.22%	0.94%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PYGSX and VTILX in my portfolio?

PYGSX and VTILX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYGSX or VTILX?

VTILX has higher volatility (0.85%) compared to PYGSX (0.41%). In terms of maximum drawdown, PYGSX dropped -7.29% vs VTILX's -15.85%.

Which has better risk-adjusted returns?

PYGSX currently has the higher Sharpe Ratio (2.29 vs 0.46), 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.