PYSGX vs. VBISX
Compare and contrast key facts about Payden Strategic Income Fund (PYSGX) and Vanguard Short-Term Bond Index Fund (VBISX).
PYSGX is managed by Paydenfunds. It was launched on May 8, 2014. VBISX is managed by Vanguard. It was launched on Mar 1, 1994.
Performance
PYSGX vs. VBISX - Performance Comparison
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PYSGX vs. VBISX - 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% |
VBISX Vanguard Short-Term Bond Index Fund | -0.24% | 5.67% | 3.66% | 4.54% | -5.61% | -1.35% | 4.63% | 4.78% | 1.27% | 1.10% |
Returns By Period
In the year-to-date period, PYSGX achieves a -0.29% return, which is significantly lower than VBISX's -0.24% return. Over the past 10 years, PYSGX has outperformed VBISX with an annualized return of 3.39%, while VBISX has yielded a comparatively lower 1.77% 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%
VBISX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.24%
- 6M
- 0.73%
- 1Y
- 3.56%
- 3Y*
- 3.88%
- 5Y*
- 1.41%
- 10Y*
- 1.77%
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PYSGX vs. VBISX - Expense Ratio Comparison
PYSGX has a 0.85% expense ratio, which is higher than VBISX's 0.15% expense ratio.
Return for Risk
PYSGX vs. VBISX — Risk / Return Rank
PYSGX
VBISX
PYSGX vs. VBISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Strategic Income Fund (PYSGX) and Vanguard Short-Term Bond Index Fund (VBISX). 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 | VBISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.53 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.20 | 2.48 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.65 | -0.36 |
Martin ratioReturn relative to average drawdown | 8.07 | 9.58 | -1.51 |
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 | VBISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.53 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.49 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.20 | 0.75 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 1.34 | -0.13 |
Correlation
The correlation between PYSGX and VBISX is 0.65, 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
PYSGX vs. VBISX - Dividend Comparison
PYSGX's dividend yield for the trailing twelve months is around 4.91%, more than VBISX's 3.51% 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% |
VBISX Vanguard Short-Term Bond Index Fund | 3.51% | 3.44% | 3.29% | 2.10% | 1.38% | 1.16% | 1.72% | 2.16% | 1.92% | 1.58% | 1.42% | 1.34% |
Drawdowns
PYSGX vs. VBISX - Drawdown Comparison
The maximum PYSGX drawdown since its inception was -12.70%, which is greater than VBISX's maximum drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for PYSGX and VBISX.
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Drawdown Indicators
| PYSGX | VBISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.70% | -8.79% | -3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -1.54% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -9.97% | -8.72% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -12.70% | -8.79% | -3.91% |
Current DrawdownCurrent decline from peak | -1.42% | -1.16% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -0.87% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.43% | +0.16% |
Volatility
PYSGX vs. VBISX - Volatility Comparison
Payden Strategic Income Fund (PYSGX) has a higher volatility of 1.06% compared to Vanguard Short-Term Bond Index Fund (VBISX) at 0.71%. This indicates that PYSGX's price experiences larger fluctuations and is considered to be riskier than VBISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYSGX | VBISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.71% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 1.50% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 2.44% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 2.91% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.83% | 2.37% | +0.46% |