PYLMX vs. TRBUX
Compare and contrast key facts about Payden Limited Maturity Fund (PYLMX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
PYLMX is managed by Paydenfunds. It was launched on Apr 29, 1994. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Performance
PYLMX vs. TRBUX - Performance Comparison
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PYLMX vs. TRBUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYLMX Payden Limited Maturity Fund | 0.19% | 5.22% | 6.08% | 5.34% | 0.56% | 0.19% | 1.85% | 3.34% | 1.76% | 1.64% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 0.65% | 8.98% | 6.48% | 6.99% | -1.28% | 0.22% | 3.11% | 3.60% | 1.88% | 1.83% |
Returns By Period
In the year-to-date period, PYLMX achieves a 0.19% return, which is significantly lower than TRBUX's 0.65% return. Over the past 10 years, PYLMX has underperformed TRBUX with an annualized return of 2.70%, while TRBUX has yielded a comparatively higher 3.34% annualized return.
PYLMX
- 1D
- 0.00%
- 1M
- -0.52%
- YTD
- 0.19%
- 6M
- 1.36%
- 1Y
- 4.08%
- 3Y*
- 5.15%
- 5Y*
- 3.47%
- 10Y*
- 2.70%
TRBUX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 0.65%
- 6M
- 3.19%
- 1Y
- 8.39%
- 3Y*
- 7.01%
- 5Y*
- 4.28%
- 10Y*
- 3.34%
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PYLMX vs. TRBUX - Expense Ratio Comparison
PYLMX has a 0.25% expense ratio, which is lower than TRBUX's 0.31% expense ratio.
Return for Risk
PYLMX vs. TRBUX — Risk / Return Rank
PYLMX
TRBUX
PYLMX vs. TRBUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Limited Maturity Fund (PYLMX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). 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.
| PYLMX | TRBUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.87 | 4.54 | -1.68 |
Sortino ratioReturn per unit of downside risk | 7.73 | 14.92 | -7.20 |
Omega ratioGain probability vs. loss probability | 2.41 | 5.90 | -3.49 |
Calmar ratioReturn relative to maximum drawdown | 9.17 | 22.36 | -13.19 |
Martin ratioReturn relative to average drawdown | 32.84 | 69.43 | -36.59 |
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
| PYLMX | TRBUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 4.54 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.65 | 2.55 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.10 | 2.21 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.38 | 1.95 | +0.44 |
Correlation
The correlation between PYLMX and TRBUX is 0.40, 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.
Dividends
PYLMX vs. TRBUX - Dividend Comparison
PYLMX's dividend yield for the trailing twelve months is around 4.22%, less than TRBUX's 8.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYLMX Payden Limited Maturity Fund | 4.22% | 4.96% | 5.36% | 3.79% | 1.83% | 0.50% | 1.39% | 2.54% | 2.28% | 1.42% | 0.91% | 0.73% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 8.06% | 8.17% | 5.05% | 4.48% | 1.53% | 1.21% | 1.86% | 2.73% | 2.47% | 1.62% | 1.18% | 0.81% |
Drawdowns
PYLMX vs. TRBUX - Drawdown Comparison
The maximum PYLMX drawdown since its inception was -5.56%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for PYLMX and TRBUX.
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Drawdown Indicators
| PYLMX | TRBUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.56% | -4.15% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.52% | -0.39% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -1.24% | -2.68% | +1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -5.56% | -4.15% | -1.41% |
Current DrawdownCurrent decline from peak | -0.52% | -0.39% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.22% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | 0.13% | +0.02% |
Volatility
PYLMX vs. TRBUX - Volatility Comparison
Payden Limited Maturity Fund (PYLMX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) have volatilities of 0.26% and 0.27%, 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.
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Volatility by Period
| PYLMX | TRBUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.27% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 1.32% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.69% | 2.06% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | 1.70% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.29% | 1.52% | -0.23% |