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.
Key characteristics
| PYHRX | RCTIX | |
|---|---|---|
| YTD Return | 7.74% | 7.67% |
| 1Y Return | 14.50% | 12.11% |
| 3Y Return (Ann) | 3.88% | 4.36% |
| 5Y Return (Ann) | 5.57% | 4.79% |
| Sharpe Ratio | 3.72 | 4.30 |
| Daily Std Dev | 3.90% | 2.82% |
| Max Drawdown | -27.79% | -10.89% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PYHRX and RCTIX is 0.28, 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
The year-to-date returns for both stocks are quite close, with PYHRX having a 7.74% return and RCTIX slightly lower at 7.67%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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 6.86%, less than RCTIX's 8.04% 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% |
RCTIX River Canyon Total Return Bond Fund | 8.04% | 8.51% | 5.98% | 3.02% | 5.96% | 4.97% | 3.30% | 4.89% | 3.56% | 5.74% | 0.00% | 0.00% |
Drawdowns
PYHRX vs. RCTIX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -27.79%, 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
The current volatility for Payden High Income Fund (PYHRX) is 0.64%, while River Canyon Total Return Bond Fund (RCTIX) has a volatility of 0.69%. This indicates that PYHRX experiences smaller price fluctuations and is considered to be less risky than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.