PYHRX vs. RSIIX
Compare and contrast key facts about Payden High Income Fund (PYHRX) and RiverPark Strategic Income Fund (RSIIX).
PYHRX is managed by Paydenfunds. It was launched on Dec 30, 1997. RSIIX is managed by RiverPark Funds. It was launched on Sep 30, 2013.
Performance
PYHRX vs. RSIIX - Performance Comparison
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PYHRX vs. RSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 0.06% | 8.73% | 8.13% | 14.73% | -9.76% | 6.62% | 7.38% | 16.75% | -2.85% | 6.54% |
RSIIX RiverPark Strategic Income Fund | 0.36% | 6.04% | 8.44% | 9.59% | -3.31% | 11.60% | 3.42% | 3.50% | 1.36% | 4.84% |
Returns By Period
In the year-to-date period, PYHRX achieves a 0.06% return, which is significantly lower than RSIIX's 0.36% return. Over the past 10 years, PYHRX has outperformed RSIIX with an annualized return of 6.16%, while RSIIX has yielded a comparatively lower 5.50% annualized return.
PYHRX
- 1D
- 0.56%
- 1M
- -0.95%
- YTD
- 0.06%
- 6M
- 1.79%
- 1Y
- 7.93%
- 3Y*
- 9.23%
- 5Y*
- 5.02%
- 10Y*
- 6.16%
RSIIX
- 1D
- 0.00%
- 1M
- -0.59%
- YTD
- 0.36%
- 6M
- 0.82%
- 1Y
- 5.26%
- 3Y*
- 7.43%
- 5Y*
- 5.19%
- 10Y*
- 5.50%
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PYHRX vs. RSIIX - Expense Ratio Comparison
PYHRX has a 0.60% expense ratio, which is lower than RSIIX's 1.18% expense ratio.
Return for Risk
PYHRX vs. RSIIX — Risk / Return Rank
PYHRX
RSIIX
PYHRX vs. RSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden High Income Fund (PYHRX) and RiverPark Strategic Income Fund (RSIIX). 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.
| PYHRX | RSIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 2.29 | -2.22 |
Sortino ratioReturn per unit of downside risk | 1.17 | 2.92 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.62 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 3.50 | -3.35 |
Martin ratioReturn relative to average drawdown | 2.45 | 14.75 | -12.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PYHRX | RSIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 2.29 | -2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 2.27 | -2.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 1.98 | -1.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.70 | -1.45 |
Correlation
The correlation between PYHRX and RSIIX is 0.42, 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.
Dividends
PYHRX vs. RSIIX - Dividend Comparison
PYHRX's dividend yield for the trailing twelve months is around 6.55%, less than RSIIX's 7.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYHRX Payden High Income Fund | 6.55% | 6.81% | 7.20% | 6.67% | 6.05% | 4.79% | 4.99% | 5.23% | 5.88% | 5.27% | 5.24% | 5.49% |
RSIIX RiverPark Strategic Income Fund | 7.62% | 7.75% | 7.67% | 7.61% | 6.58% | 5.12% | 5.77% | 4.84% | 4.59% | 4.98% | 5.10% | 6.57% |
Drawdowns
PYHRX vs. RSIIX - Drawdown Comparison
The maximum PYHRX drawdown since its inception was -50.79%, which is greater than RSIIX's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for PYHRX and RSIIX.
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Drawdown Indicators
| PYHRX | RSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.79% | -15.55% | -35.24% |
Max Drawdown (1Y)Largest decline over 1 year | -50.27% | -1.50% | -48.77% |
Max Drawdown (5Y)Largest decline over 5 years | -50.79% | -5.61% | -45.18% |
Max Drawdown (10Y)Largest decline over 10 years | -50.79% | -15.55% | -35.24% |
Current DrawdownCurrent decline from peak | -1.18% | -0.87% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -1.18% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 0.36% | +2.88% |
Volatility
PYHRX vs. RSIIX - Volatility Comparison
Payden High Income Fund (PYHRX) has a higher volatility of 1.43% compared to RiverPark Strategic Income Fund (RSIIX) at 1.14%. This indicates that PYHRX's price experiences larger fluctuations and is considered to be riskier than RSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYHRX | RSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.14% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 1.61% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.65% | 2.30% | +111.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.05% | 2.30% | +48.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 2.78% | +33.50% |