PYSGX vs. VIITX
Compare and contrast key facts about Payden Strategic Income Fund (PYSGX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX).
PYSGX is managed by Paydenfunds. It was launched on May 8, 2014. VIITX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
PYSGX vs. VIITX - Performance Comparison
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PYSGX vs. VIITX - 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% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 0.13% | 7.23% | 3.67% | 5.31% | -7.99% | -1.02% | 6.17% | 6.44% | 0.87% | 2.00% |
Returns By Period
In the year-to-date period, PYSGX achieves a -0.29% return, which is significantly lower than VIITX's 0.13% return. Over the past 10 years, PYSGX has outperformed VIITX with an annualized return of 3.39%, while VIITX has yielded a comparatively lower 2.15% 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%
VIITX
- 1D
- 0.19%
- 1M
- -0.97%
- YTD
- 0.13%
- 6M
- 1.27%
- 1Y
- 4.77%
- 3Y*
- 4.66%
- 5Y*
- 1.58%
- 10Y*
- 2.15%
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PYSGX vs. VIITX - Expense Ratio Comparison
PYSGX has a 0.85% expense ratio, which is higher than VIITX's 0.02% expense ratio.
Return for Risk
PYSGX vs. VIITX — Risk / Return Rank
PYSGX
VIITX
PYSGX vs. VIITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Strategic Income Fund (PYSGX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX). 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 | VIITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.80 | -0.26 |
Sortino ratioReturn per unit of downside risk | 2.20 | 2.65 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.66 | -0.37 |
Martin ratioReturn relative to average drawdown | 8.07 | 9.91 | -1.84 |
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 | VIITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.80 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.41 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.20 | 0.71 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.75 | +0.46 |
Correlation
The correlation between PYSGX and VIITX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PYSGX vs. VIITX - Dividend Comparison
PYSGX's dividend yield for the trailing twelve months is around 4.91%, more than VIITX's 4.16% 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% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 4.16% | 4.51% | 4.71% | 3.61% | 2.14% | 2.20% | 2.87% | 2.69% | 2.62% | 2.04% | 2.95% | 0.57% |
Drawdowns
PYSGX vs. VIITX - Drawdown Comparison
The maximum PYSGX drawdown since its inception was -12.70%, which is greater than VIITX's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for PYSGX and VIITX.
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Drawdown Indicators
| PYSGX | VIITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.70% | -11.86% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -1.89% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -9.97% | -11.86% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -12.70% | -11.86% | -0.84% |
Current DrawdownCurrent decline from peak | -1.42% | -1.30% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -2.15% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.51% | +0.08% |
Volatility
PYSGX vs. VIITX - Volatility Comparison
The current volatility for Payden Strategic Income Fund (PYSGX) is 1.06%, while Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a volatility of 1.15%. This indicates that PYSGX experiences smaller price fluctuations and is considered to be less risky than VIITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYSGX | VIITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.15% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 1.72% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 2.74% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 3.82% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.83% | 3.05% | -0.22% |