PYHRX vs. FAGIX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and Fidelity Capital & Income Fund (FAGIX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHRX or FAGIX.
Key characteristics
| PYHRX | FAGIX | |
|---|---|---|
| YTD Return | 7.74% | 8.36% |
| 1Y Return | 14.50% | 13.91% |
| 3Y Return (Ann) | 3.88% | 3.24% |
| 5Y Return (Ann) | 5.57% | 6.83% |
| 10Y Return (Ann) | 5.14% | 6.20% |
| Sharpe Ratio | 3.72 | 2.88 |
| Daily Std Dev | 3.90% | 5.13% |
| Max Drawdown | -27.79% | -37.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PYHRX and FAGIX is 0.63, 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.
Performance
PYHRX vs. FAGIX - Performance Comparison
In the year-to-date period, PYHRX achieves a 7.74% return, which is significantly lower than FAGIX's 8.36% return. Over the past 10 years, PYHRX has underperformed FAGIX with an annualized return of 5.14%, while FAGIX has yielded a comparatively higher 6.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PYHRX vs. FAGIX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
PYHRX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and Fidelity Capital & Income Fund (FAGIX). 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.
Dividends
PYHRX vs. FAGIX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 6.86%, more than FAGIX's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 6.86% | 6.67% | 6.05% | 4.79% | 4.99% | 5.23% | 5.88% | 5.27% | 5.24% | 5.49% | 10.08% | 8.70% |
FAGIX Fidelity Capital & Income Fund | 5.17% | 5.29% | 11.37% | 6.55% | 4.88% | 4.98% | 7.31% | 5.03% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
PYHRX vs. FAGIX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.79%, smaller than the maximum FAGIX drawdown of -37.79%. Use the drawdown chart below to compare losses from any high point for PYHRX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
PYHRX vs. FAGIX - Volatility Comparison
The current volatility for Payden High Income Fund (PYHRX) is 0.60%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.38%. This indicates that PYHRX experiences smaller price fluctuations and is considered to be less risky than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.