PYHRX vs. FDGFX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and Fidelity Dividend Growth Fund (FDGFX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. FDGFX is managed by Fidelity. It was launched on Apr 27, 1993.
Performance
PYHRX vs. FDGFX - Performance Comparison
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PYHRX vs. FDGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 0.06% | 8.73% | 8.13% | 14.73% | -9.76% | 6.62% | 7.38% | 16.75% | -2.85% | 6.54% |
FDGFX Fidelity Dividend Growth Fund | -0.09% | 22.48% | 27.58% | 17.86% | -11.61% | 27.96% | 2.20% | 28.75% | -7.23% | 18.05% |
Returns By Period
In the year-to-date period, PYHRX achieves a 0.06% return, which is significantly higher than FDGFX's -0.09% return. Over the past 10 years, PYHRX has underperformed FDGFX with an annualized return of 6.16%, while FDGFX has yielded a comparatively higher 12.41% annualized return.
PYHRX
- 1D
- 0.56%
- 1M
- -0.95%
- YTD
- 0.06%
- 6M
- 1.79%
- 1Y
- 7.93%
- 3Y*
- 9.23%
- 5Y*
- 5.02%
- 10Y*
- 6.16%
FDGFX
- 1D
- 3.18%
- 1M
- -6.30%
- YTD
- -0.09%
- 6M
- 4.77%
- 1Y
- 28.24%
- 3Y*
- 21.74%
- 5Y*
- 13.54%
- 10Y*
- 12.41%
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PYHRX vs. FDGFX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is higher than FDGFX's 0.48% expense ratio.
Return for Risk
PYHRX vs. FDGFX — Risk / Return Rank
PYHRX
FDGFX
PYHRX vs. FDGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and Fidelity Dividend Growth Fund (FDGFX). 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.
| PYHRX | FDGFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 1.53 | -1.46 |
Sortino ratioReturn per unit of downside risk | 1.17 | 2.15 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.34 | +0.59 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.41 | -2.25 |
Martin ratioReturn relative to average drawdown | 2.45 | 10.70 | -8.25 |
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
| PYHRX | FDGFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 1.53 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.82 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.65 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.50 | -0.25 |
Correlation
The correlation between PYHRX and FDGFX is 0.33, 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
PYHRX vs. FDGFX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 6.55%, less than FDGFX's 9.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 6.55% | 6.81% | 7.20% | 6.67% | 6.05% | 4.79% | 4.99% | 5.23% | 5.88% | 5.27% | 5.24% | 5.49% |
FDGFX Fidelity Dividend Growth Fund | 9.36% | 9.35% | 9.81% | 3.48% | 11.46% | 7.81% | 1.89% | 4.84% | 22.93% | 15.35% | 1.58% | 8.44% |
Drawdowns
PYHRX vs. FDGFX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -50.79%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for PYHRX and FDGFX.
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Drawdown Indicators
| PYHRX | FDGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.79% | -60.77% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -50.27% | -12.19% | -38.08% |
Max Drawdown (5Y)Largest decline over 5 years | -50.79% | -21.37% | -29.42% |
Max Drawdown (10Y)Largest decline over 10 years | -50.79% | -41.29% | -9.50% |
Current DrawdownCurrent decline from peak | -1.18% | -7.30% | +6.12% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -7.56% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.74% | +0.50% |
Volatility
PYHRX vs. FDGFX - Volatility Comparison
The current volatility for Payden High Income Fund (PYHRX) is 1.43%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 6.38%. This indicates that PYHRX experiences smaller price fluctuations and is considered to be less risky than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYHRX | FDGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 6.38% | -4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 10.95% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.65% | 19.12% | +94.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.05% | 16.56% | +34.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 19.17% | +17.11% |