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.
Key characteristics
| PYHRX | NHFIX | |
|---|---|---|
| YTD Return | 7.74% | 6.78% |
| 1Y Return | 14.50% | 13.37% |
| 3Y Return (Ann) | 3.88% | 2.74% |
| 5Y Return (Ann) | 5.57% | 4.47% |
| 10Y Return (Ann) | 5.14% | 4.45% |
| Sharpe Ratio | 3.72 | 2.91 |
| Daily Std Dev | 3.90% | 4.52% |
| Max Drawdown | -27.79% | -27.42% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PYHRX and NHFIX is 0.74, 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.
Performance
PYHRX vs. NHFIX - Performance Comparison
In the year-to-date period, PYHRX achieves a 7.74% return, which is significantly higher than NHFIX's 6.78% return. Over the past 10 years, PYHRX has outperformed NHFIX with an annualized return of 5.14%, while NHFIX has yielded a comparatively lower 4.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 6.86%, more than NHFIX's 6.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 6.86% | 6.67% | 6.05% | 4.79% | 4.99% | 5.23% | 5.88% | 5.27% | 5.24% | 5.49% | 10.08% | 8.70% |
NHFIX Northern High Yield Fixed Income Fund | 6.06% | 6.60% | 6.88% | 5.31% | 5.41% | 6.16% | 6.64% | 6.67% | 6.03% | 6.40% | 8.13% | 8.31% |
Drawdowns
PYHRX vs. NHFIX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.79%, 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
The current volatility for Payden High Income Fund (PYHRX) is 0.64%, while Northern High Yield Fixed Income Fund (NHFIX) has a volatility of 0.94%. This indicates that PYHRX experiences smaller price fluctuations and is considered to be less risky than NHFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.