PYSGX vs. PYVLX
Compare and contrast key facts about Payden Strategic Income Fund (PYSGX) and Payden Equity Income Fund (PYVLX).
PYSGX is managed by Paydenfunds. It was launched on May 8, 2014. PYVLX is managed by Paydenfunds. It was launched on Nov 1, 1996.
Performance
PYSGX vs. PYVLX - Performance Comparison
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PYSGX vs. PYVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYSGX Payden Strategic Income Fund | -0.29% | 6.85% | 5.46% | 7.42% | -6.61% | 1.72% | 6.20% | 8.33% | -0.52% | 4.24% |
PYVLX Payden Equity Income Fund | 0.70% | 11.41% | 15.94% | 5.37% | -6.68% | 23.39% | 0.77% | 27.95% | -6.69% | 15.71% |
Returns By Period
In the year-to-date period, PYSGX achieves a -0.29% return, which is significantly lower than PYVLX's 0.70% return. Over the past 10 years, PYSGX has underperformed PYVLX with an annualized return of 3.39%, while PYVLX has yielded a comparatively higher 9.09% annualized return.
PYSGX
- 1D
- 0.21%
- 1M
- -1.22%
- YTD
- -0.29%
- 6M
- 0.77%
- 1Y
- 4.54%
- 3Y*
- 5.62%
- 5Y*
- 2.81%
- 10Y*
- 3.39%
PYVLX
- 1D
- 2.04%
- 1M
- -4.05%
- YTD
- 0.70%
- 6M
- 3.36%
- 1Y
- 13.69%
- 3Y*
- 12.33%
- 5Y*
- 7.53%
- 10Y*
- 9.09%
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PYSGX vs. PYVLX - Expense Ratio Comparison
PYSGX has a 0.85% expense ratio, which is higher than PYVLX's 0.73% expense ratio.
Return for Risk
PYSGX vs. PYVLX — Risk / Return Rank
PYSGX
PYVLX
PYSGX vs. PYVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Strategic Income Fund (PYSGX) and Payden Equity Income Fund (PYVLX). 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.
| PYSGX | PYVLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.01 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.43 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.41 | +0.88 |
Martin ratioReturn relative to average drawdown | 8.07 | 6.58 | +1.49 |
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
| PYSGX | PYVLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.01 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.46 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.20 | 0.55 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.39 | +0.83 |
Correlation
The correlation between PYSGX and PYVLX is 0.18, 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
PYSGX vs. PYVLX - Dividend Comparison
PYSGX's dividend yield for the trailing twelve months is around 4.91%, less than PYVLX's 6.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYSGX Payden Strategic Income Fund | 4.91% | 5.15% | 5.22% | 4.42% | 3.76% | 3.38% | 2.90% | 3.25% | 3.27% | 2.75% | 2.70% | 2.30% |
PYVLX Payden Equity Income Fund | 6.48% | 6.38% | 17.91% | 2.94% | 6.72% | 20.13% | 1.88% | 4.97% | 2.98% | 7.10% | 3.25% | 2.50% |
Drawdowns
PYSGX vs. PYVLX - Drawdown Comparison
The maximum PYSGX drawdown since its inception was -12.70%, smaller than the maximum PYVLX drawdown of -60.67%. Use the drawdown chart below to compare losses from any high point for PYSGX and PYVLX.
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Drawdown Indicators
| PYSGX | PYVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.70% | -60.67% | +47.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -10.42% | +8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -9.97% | -25.96% | +15.99% |
Max Drawdown (10Y)Largest decline over 10 years | -12.70% | -33.24% | +20.54% |
Current DrawdownCurrent decline from peak | -1.42% | -4.16% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -10.52% | +9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 2.23% | -1.64% |
Volatility
PYSGX vs. PYVLX - Volatility Comparison
The current volatility for Payden Strategic Income Fund (PYSGX) is 1.06%, while Payden Equity Income Fund (PYVLX) has a volatility of 3.91%. This indicates that PYSGX experiences smaller price fluctuations and is considered to be less risky than PYVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYSGX | PYVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 3.91% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 7.38% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 13.71% | -10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 16.55% | -13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.83% | 16.50% | -13.67% |