Correlation
The correlation between PYLMX and FLTR is 0.01, 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.
PYLMX vs. FLTR
Compare and contrast key facts about Payden Limited Maturity Fund (PYLMX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
PYLMX is managed by Paydenfunds. It was launched on Apr 29, 1994. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYLMX or FLTR.
Performance
PYLMX vs. FLTR - Performance Comparison
Loading data...
Key characteristics
PYLMX:
3.36
FLTR:
2.36
PYLMX:
10.90
FLTR:
2.74
PYLMX:
3.43
FLTR:
1.99
PYLMX:
10.94
FLTR:
2.85
PYLMX:
50.00
FLTR:
20.66
PYLMX:
0.11%
FLTR:
0.27%
PYLMX:
1.72%
FLTR:
2.34%
PYLMX:
-5.56%
FLTR:
-17.84%
PYLMX:
0.00%
FLTR:
0.00%
Returns By Period
In the year-to-date period, PYLMX achieves a 1.58% return, which is significantly lower than FLTR's 1.68% return. Over the past 10 years, PYLMX has underperformed FLTR with an annualized return of 2.43%, while FLTR has yielded a comparatively higher 2.96% annualized return.
PYLMX
1.58%
0.11%
2.01%
5.24%
5.05%
3.33%
2.43%
FLTR
1.68%
0.59%
2.30%
5.40%
6.08%
4.04%
2.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PYLMX vs. FLTR - Expense Ratio Comparison
PYLMX has a 0.25% expense ratio, which is higher than FLTR's 0.14% 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. FLTR — Risk-Adjusted Performance Rank
PYLMX
FLTR
PYLMX vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Limited Maturity Fund (PYLMX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
Loading data...
Dividends
PYLMX vs. FLTR - Dividend Comparison
PYLMX's dividend yield for the trailing twelve months is around 5.01%, less than FLTR's 5.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYLMX Payden Limited Maturity Fund | 5.01% | 5.37% | 4.64% | 1.84% | 0.62% | 1.39% | 2.57% | 2.31% | 1.40% | 0.91% | 0.74% | 0.78% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 5.49% | 5.93% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% |
Drawdowns
PYLMX vs. FLTR - Drawdown Comparison
The maximum PYLMX drawdown since its inception was -5.56%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for PYLMX and FLTR.
Loading data...
Volatility
PYLMX vs. FLTR - Volatility Comparison
Payden Limited Maturity Fund (PYLMX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR) have volatilities of 0.22% and 0.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...