PYHRX vs. RCTIX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and River Canyon Total Return Bond Fund (RCTIX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. RCTIX is managed by River Canyon. It was launched on Dec 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYHRX or RCTIX.
Correlation
The correlation between PYHRX and RCTIX is 0.13, 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. RCTIX - Performance Comparison
Key characteristics
PYHRX:
2.07
RCTIX:
3.48
PYHRX:
2.81
RCTIX:
5.40
PYHRX:
1.48
RCTIX:
1.74
PYHRX:
1.73
RCTIX:
5.62
PYHRX:
7.83
RCTIX:
17.82
PYHRX:
0.93%
RCTIX:
0.47%
PYHRX:
3.51%
RCTIX:
2.41%
PYHRX:
-27.80%
RCTIX:
-10.89%
PYHRX:
-1.53%
RCTIX:
-0.20%
Returns By Period
In the year-to-date period, PYHRX achieves a 0.48% return, which is significantly lower than RCTIX's 2.26% return. Both investments have delivered pretty close results over the past 10 years, with PYHRX having a 5.10% annualized return and RCTIX not far behind at 4.92%.
PYHRX
0.48%
-0.32%
1.06%
7.31%
7.57%
5.10%
RCTIX
2.26%
0.10%
2.86%
8.46%
5.71%
4.92%
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PYHRX vs. RCTIX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is lower than RCTIX's 0.89% expense ratio.
Risk-Adjusted Performance
PYHRX vs. RCTIX — Risk-Adjusted Performance Rank
PYHRX
RCTIX
PYHRX vs. RCTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and River Canyon Total Return Bond Fund (RCTIX). 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. RCTIX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 7.35%, less than RCTIX's 7.75% 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% |
RCTIX River Canyon Total Return Bond Fund | 7.75% | 7.90% | 8.51% | 6.00% | 3.02% | 3.79% | 2.70% | 3.30% | 4.89% | 2.32% | 5.74% | 0.00% |
Drawdowns
PYHRX vs. RCTIX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.80%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for PYHRX and RCTIX. For additional features, visit the drawdowns tool.
Volatility
PYHRX vs. RCTIX - Volatility Comparison
Payden High Income Fund (PYHRX) has a higher volatility of 2.44% compared to River Canyon Total Return Bond Fund (RCTIX) at 0.94%. This indicates that PYHRX's price experiences larger fluctuations and is considered to be riskier than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.