PYHRX vs. FLRN
Compare and contrast key facts about Payden High Income Fund (PYHRX) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHRX or FLRN.
Correlation
The correlation between PYHRX and FLRN is 0.08, 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. FLRN - Performance Comparison
Key characteristics
PYHRX:
3.52
FLRN:
7.58
PYHRX:
5.45
FLRN:
14.12
PYHRX:
1.80
FLRN:
4.59
PYHRX:
6.46
FLRN:
13.51
PYHRX:
22.77
FLRN:
171.90
PYHRX:
0.42%
FLRN:
0.04%
PYHRX:
2.69%
FLRN:
0.81%
PYHRX:
-27.80%
FLRN:
-14.64%
PYHRX:
0.00%
FLRN:
0.00%
Returns By Period
In the year-to-date period, PYHRX achieves a 1.68% return, which is significantly higher than FLRN's 0.78% return. Over the past 10 years, PYHRX has outperformed FLRN with an annualized return of 5.33%, while FLRN has yielded a comparatively lower 2.51% annualized return.
PYHRX
1.68%
0.73%
3.24%
9.47%
5.19%
5.33%
FLRN
0.78%
0.46%
2.93%
6.06%
3.10%
2.51%
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PYHRX vs. FLRN - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is higher than FLRN's 0.15% expense ratio.
Risk-Adjusted Performance
PYHRX vs. FLRN — Risk-Adjusted Performance Rank
PYHRX
FLRN
PYHRX vs. FLRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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. FLRN - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 7.10%, more than FLRN's 5.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 7.10% | 7.19% | 6.68% | 6.07% | 4.79% | 5.00% | 5.23% | 5.88% | 5.27% | 5.28% | 5.52% | 6.08% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.64% | 5.67% | 5.68% | 1.95% | 0.40% | 1.22% | 2.76% | 2.39% | 1.63% | 1.06% | 0.63% | 0.53% |
Drawdowns
PYHRX vs. FLRN - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.80%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for PYHRX and FLRN. For additional features, visit the drawdowns tool.
Volatility
PYHRX vs. FLRN - Volatility Comparison
Payden High Income Fund (PYHRX) has a higher volatility of 0.71% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.13%. This indicates that PYHRX's price experiences larger fluctuations and is considered to be riskier than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.