PYHRX vs. JAAA
Compare and contrast key facts about Payden High Income Fund (PYHRX) and Janus Henderson AAA CLO ETF (JAAA).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHRX or JAAA.
Correlation
The correlation between PYHRX and JAAA is 0.09, 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. JAAA - Performance Comparison
Key characteristics
PYHRX:
2.07
JAAA:
3.30
PYHRX:
2.81
JAAA:
4.19
PYHRX:
1.48
JAAA:
2.29
PYHRX:
1.73
JAAA:
3.95
PYHRX:
7.83
JAAA:
27.22
PYHRX:
0.93%
JAAA:
0.21%
PYHRX:
3.51%
JAAA:
1.76%
PYHRX:
-27.80%
JAAA:
-2.60%
PYHRX:
-1.53%
JAAA:
-0.04%
Returns By Period
In the year-to-date period, PYHRX achieves a 0.48% return, which is significantly lower than JAAA's 0.92% return.
PYHRX
0.48%
-0.32%
1.06%
7.31%
7.57%
5.10%
JAAA
0.92%
0.22%
2.19%
5.68%
N/A
N/A
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PYHRX vs. JAAA - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
PYHRX vs. JAAA — Risk-Adjusted Performance Rank
PYHRX
JAAA
PYHRX vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and Janus Henderson AAA CLO ETF (JAAA). 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. JAAA - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 7.35%, more than JAAA's 6.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 7.35% | 7.19% | 6.68% | 6.07% | 4.79% | 5.00% | 5.23% | 5.88% | 5.27% | 5.28% | 5.52% | 6.08% |
JAAA Janus Henderson AAA CLO ETF | 6.11% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PYHRX vs. JAAA - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.80%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for PYHRX and JAAA. For additional features, visit the drawdowns tool.
Volatility
PYHRX vs. JAAA - Volatility Comparison
Payden High Income Fund (PYHRX) has a higher volatility of 2.44% compared to Janus Henderson AAA CLO ETF (JAAA) at 1.62%. This indicates that PYHRX's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.