PYHRX vs. ORDNX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and North Square Preferred and Income Securities Fund (ORDNX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. ORDNX is managed by North Square. It was launched on Jun 28, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHRX or ORDNX.
Correlation
The correlation between PYHRX and ORDNX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PYHRX vs. ORDNX - Performance Comparison
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Key characteristics
PYHRX:
1.84
ORDNX:
2.17
PYHRX:
2.52
ORDNX:
2.76
PYHRX:
1.43
ORDNX:
1.53
PYHRX:
1.54
ORDNX:
0.63
PYHRX:
6.60
ORDNX:
7.24
PYHRX:
0.98%
ORDNX:
0.92%
PYHRX:
3.55%
ORDNX:
3.01%
PYHRX:
-27.88%
ORDNX:
-34.38%
PYHRX:
-0.79%
ORDNX:
-4.10%
Returns By Period
In the year-to-date period, PYHRX achieves a 1.23% return, which is significantly lower than ORDNX's 1.62% return. Over the past 10 years, PYHRX has underperformed ORDNX with an annualized return of 5.13%, while ORDNX has yielded a comparatively higher 7.67% annualized return.
PYHRX
1.23%
2.56%
1.40%
6.49%
8.04%
7.01%
5.13%
ORDNX
1.62%
1.67%
0.77%
6.47%
6.19%
8.28%
7.67%
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PYHRX vs. ORDNX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is lower than ORDNX's 1.27% expense ratio.
Risk-Adjusted Performance
PYHRX vs. ORDNX — Risk-Adjusted Performance Rank
PYHRX
ORDNX
PYHRX vs. ORDNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and North Square Preferred and Income Securities Fund (ORDNX). 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.
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Dividends
PYHRX vs. ORDNX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 7.36%, more than ORDNX's 4.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 7.36% | 7.20% | 6.67% | 6.05% | 4.79% | 4.99% | 5.23% | 5.88% | 5.27% | 5.24% | 5.49% | 10.08% |
ORDNX North Square Preferred and Income Securities Fund | 4.42% | 4.29% | 5.73% | 3.61% | 0.88% | 1.06% | 1.21% | 1.63% | 1.19% | 1.60% | 1.46% | 1.41% |
Drawdowns
PYHRX vs. ORDNX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.88%, smaller than the maximum ORDNX drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for PYHRX and ORDNX. For additional features, visit the drawdowns tool.
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Volatility
PYHRX vs. ORDNX - Volatility Comparison
Payden High Income Fund (PYHRX) has a higher volatility of 1.23% compared to North Square Preferred and Income Securities Fund (ORDNX) at 0.60%. This indicates that PYHRX's price experiences larger fluctuations and is considered to be riskier than ORDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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