PYHRX vs. FHYSX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
PYHRX vs. FHYSX - Performance Comparison
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PYHRX vs. FHYSX - 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
In the year-to-date period, PYHRX achieves a 0.06% return, which is significantly higher than FHYSX's -1.26% return. Over the past 10 years, PYHRX has outperformed FHYSX with an annualized return of 6.16%, while FHYSX has yielded a comparatively lower 5.44% 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%
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
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PYHRX vs. FHYSX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
PYHRX vs. FHYSX — Risk / Return Rank
PYHRX
FHYSX
PYHRX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 1.71 | -1.64 |
Sortino ratioReturn per unit of downside risk | 1.17 | 2.43 | -1.26 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.46 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.73 | -2.57 |
Martin ratioReturn relative to average drawdown | 2.45 | 11.03 | -8.59 |
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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 1.71 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.62 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.95 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.86 | -0.60 |
Correlation
The correlation between PYHRX and FHYSX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PYHRX vs. FHYSX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 6.55%, more than FHYSX's 5.79% 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
PYHRX vs. FHYSX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -50.79%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for PYHRX and FHYSX.
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Drawdown Indicators
| PYHRX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.79% | -21.45% | -29.34% |
Max Drawdown (1Y)Largest decline over 1 year | -50.27% | -2.50% | -47.77% |
Max Drawdown (5Y)Largest decline over 5 years | -50.79% | -16.93% | -33.86% |
Max Drawdown (10Y)Largest decline over 10 years | -50.79% | -21.45% | -29.34% |
Current DrawdownCurrent decline from peak | -1.18% | -1.77% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -2.61% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 0.62% | +2.62% |
Volatility
PYHRX vs. FHYSX - Volatility Comparison
Payden High Income Fund (PYHRX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX) have volatilities of 1.43% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYHRX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.38% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 2.43% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.65% | 3.79% | +109.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.05% | 5.20% | +45.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 5.77% | +30.51% |