PYHRX vs. NHFIX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and Northern High Yield Fixed Income Fund (NHFIX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. NHFIX is managed by Northern Funds. It was launched on Dec 31, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHRX or NHFIX.
Correlation
The correlation between PYHRX and NHFIX is 0.31, 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. NHFIX - Performance Comparison
Key characteristics
PYHRX:
2.03
NHFIX:
1.94
PYHRX:
2.74
NHFIX:
2.81
PYHRX:
1.47
NHFIX:
1.44
PYHRX:
1.69
NHFIX:
1.89
PYHRX:
7.69
NHFIX:
8.42
PYHRX:
0.93%
NHFIX:
0.99%
PYHRX:
3.53%
NHFIX:
4.25%
PYHRX:
-27.80%
NHFIX:
-27.42%
PYHRX:
-1.69%
NHFIX:
-1.92%
Returns By Period
The year-to-date returns for both investments are quite close, with PYHRX having a 0.31% return and NHFIX slightly higher at 0.32%. Over the past 10 years, PYHRX has outperformed NHFIX with an annualized return of 5.09%, while NHFIX has yielded a comparatively lower 4.53% annualized return.
PYHRX
0.31%
-0.48%
0.90%
7.14%
7.60%
5.09%
NHFIX
0.32%
-0.67%
0.70%
7.89%
7.18%
4.53%
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PYHRX vs. NHFIX - Expense Ratio Comparison
Both PYHRX and NHFIX have an expense ratio of 0.60%.
Risk-Adjusted Performance
PYHRX vs. NHFIX — Risk-Adjusted Performance Rank
PYHRX
NHFIX
PYHRX vs. NHFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and Northern High Yield Fixed Income Fund (NHFIX). 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. NHFIX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 7.36%, more than NHFIX's 6.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 7.36% | 7.19% | 6.68% | 6.07% | 4.79% | 5.00% | 5.23% | 5.88% | 5.27% | 5.28% | 5.52% | 6.08% |
NHFIX Northern High Yield Fixed Income Fund | 6.33% | 6.66% | 6.56% | 6.91% | 5.35% | 5.44% | 6.17% | 6.62% | 6.69% | 6.04% | 6.40% | 6.55% |
Drawdowns
PYHRX vs. NHFIX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.80%, roughly equal to the maximum NHFIX drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for PYHRX and NHFIX. For additional features, visit the drawdowns tool.
Volatility
PYHRX vs. NHFIX - Volatility Comparison
Payden High Income Fund (PYHRX) and Northern High Yield Fixed Income Fund (NHFIX) have volatilities of 2.44% and 2.48%, 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.