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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHRX or FDGFX.
Key characteristics
| PYHRX | FDGFX | |
|---|---|---|
| YTD Return | 7.91% | 22.15% |
| 1Y Return | 14.87% | 32.06% |
| 3Y Return (Ann) | 3.93% | 11.15% |
| 5Y Return (Ann) | 5.60% | 13.21% |
| 10Y Return (Ann) | 5.15% | 10.28% |
| Sharpe Ratio | 3.76 | 2.17 |
| Daily Std Dev | 3.90% | 14.54% |
| Max Drawdown | -27.79% | -60.08% |
| Current Drawdown | 0.00% | -1.67% |
Correlation
The correlation between PYHRX and FDGFX is 0.32, 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.
Performance
PYHRX vs. FDGFX - Performance Comparison
In the year-to-date period, PYHRX achieves a 7.91% return, which is significantly lower than FDGFX's 22.15% return. Over the past 10 years, PYHRX has underperformed FDGFX with an annualized return of 5.15%, while FDGFX has yielded a comparatively higher 10.28% 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. FDGFX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is higher than FDGFX's 0.48% expense ratio.
Risk-Adjusted Performance
PYHRX vs. FDGFX - Risk-Adjusted Performance 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.
Dividends
PYHRX vs. FDGFX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 6.85%, less than FDGFX's 8.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 6.85% | 6.67% | 6.05% | 4.79% | 4.99% | 5.23% | 5.88% | 5.27% | 5.24% | 5.49% | 10.08% | 8.70% |
FDGFX Fidelity Dividend Growth Fund | 8.39% | 3.48% | 11.46% | 7.81% | 1.89% | 4.84% | 22.93% | 17.18% | 1.58% | 9.63% | 19.50% | 11.21% |
Drawdowns
PYHRX vs. FDGFX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.79%, smaller than the maximum FDGFX drawdown of -60.08%. Use the drawdown chart below to compare losses from any high point for PYHRX and FDGFX. For additional features, visit the drawdowns tool.
Volatility
PYHRX vs. FDGFX - Volatility Comparison
The current volatility for Payden High Income Fund (PYHRX) is 0.60%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 5.04%. 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.