PYHRX vs. FQTIX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and Franklin Templeton SMACS: Series I (FQTIX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
PYHRX vs. FQTIX - Performance Comparison
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PYHRX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 0.06% | 8.73% | 8.13% | 14.73% | -9.76% | 6.62% | 7.38% | 7.34% |
FQTIX Franklin Templeton SMACS: Series I | 1.02% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, PYHRX achieves a 0.06% return, which is significantly lower than FQTIX's 1.02% 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%
FQTIX
- 1D
- 0.50%
- 1M
- -1.34%
- YTD
- 1.02%
- 6M
- 3.05%
- 1Y
- 9.98%
- 3Y*
- 8.04%
- 5Y*
- 3.70%
- 10Y*
- —
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PYHRX vs. FQTIX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
PYHRX vs. FQTIX — Risk / Return Rank
PYHRX
FQTIX
PYHRX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 2.68 | -2.61 |
Sortino ratioReturn per unit of downside risk | 1.17 | 3.64 | -2.47 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.64 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 4.19 | -4.04 |
Martin ratioReturn relative to average drawdown | 2.45 | 18.41 | -15.96 |
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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 2.68 | -2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.63 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.56 | -0.30 |
Correlation
The correlation between PYHRX and FQTIX is 0.79, 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. FQTIX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 6.55%, less than FQTIX's 7.00% 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% |
FQTIX Franklin Templeton SMACS: Series I | 7.00% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PYHRX vs. FQTIX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -50.79%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for PYHRX and FQTIX.
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Drawdown Indicators
| PYHRX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.79% | -24.62% | -26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -50.27% | -2.41% | -47.86% |
Max Drawdown (5Y)Largest decline over 5 years | -50.79% | -18.81% | -31.98% |
Max Drawdown (10Y)Largest decline over 10 years | -50.79% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.47% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -4.42% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 0.55% | +2.69% |
Volatility
PYHRX vs. FQTIX - Volatility Comparison
The current volatility for Payden High Income Fund (PYHRX) is 1.43%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.68%. This indicates that PYHRX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYHRX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.68% | -0.25% |
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% | 3.87% | +109.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.05% | 5.93% | +45.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 7.80% | +28.48% |