Correlation
The correlation between PYLMX and ENIAX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
PYLMX vs. ENIAX
Compare and contrast key facts about Payden Limited Maturity Fund (PYLMX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX).
PYLMX is managed by Paydenfunds. It was launched on Apr 29, 1994. ENIAX is managed by SEI. It was launched on Dec 13, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYLMX or ENIAX.
Performance
PYLMX vs. ENIAX - Performance Comparison
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Key characteristics
PYLMX:
3.36
ENIAX:
2.49
PYLMX:
10.90
ENIAX:
2.76
PYLMX:
3.43
ENIAX:
2.66
PYLMX:
10.94
ENIAX:
2.41
PYLMX:
50.00
ENIAX:
10.11
PYLMX:
0.11%
ENIAX:
0.53%
PYLMX:
1.72%
ENIAX:
2.17%
PYLMX:
-5.56%
ENIAX:
-30.62%
PYLMX:
0.00%
ENIAX:
-0.37%
Returns By Period
In the year-to-date period, PYLMX achieves a 1.58% return, which is significantly higher than ENIAX's 0.75% return. Over the past 10 years, PYLMX has underperformed ENIAX with an annualized return of 2.43%, while ENIAX has yielded a comparatively higher 3.89% annualized return.
PYLMX
1.58%
0.00%
2.01%
5.73%
5.05%
3.33%
2.43%
ENIAX
0.75%
0.88%
1.16%
5.38%
6.55%
5.09%
3.89%
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PYLMX vs. ENIAX - Expense Ratio Comparison
PYLMX has a 0.25% expense ratio, which is higher than ENIAX's 0.23% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PYLMX vs. ENIAX — Risk-Adjusted Performance Rank
PYLMX
ENIAX
PYLMX vs. ENIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Limited Maturity Fund (PYLMX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). 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
PYLMX vs. ENIAX - Dividend Comparison
PYLMX's dividend yield for the trailing twelve months is around 5.47%, less than ENIAX's 6.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYLMX Payden Limited Maturity Fund | 5.47% | 5.37% | 4.64% | 1.84% | 0.62% | 1.39% | 2.57% | 2.31% | 1.40% | 0.91% | 0.74% | 0.78% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 6.55% | 6.78% | 7.08% | 4.07% | 2.67% | 4.06% | 4.32% | 3.97% | 3.01% | 2.76% | 2.55% | 2.56% |
Drawdowns
PYLMX vs. ENIAX - Drawdown Comparison
The maximum PYLMX drawdown since its inception was -5.56%, smaller than the maximum ENIAX drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for PYLMX and ENIAX.
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Volatility
PYLMX vs. ENIAX - Volatility Comparison
The current volatility for Payden Limited Maturity Fund (PYLMX) is 0.22%, while SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) has a volatility of 0.33%. This indicates that PYLMX experiences smaller price fluctuations and is considered to be less risky than ENIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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