PYVLX vs. ACIIX
Compare and contrast key facts about Payden Equity Income Fund (PYVLX) and American Century Equity Income Fund Class I (ACIIX).
PYVLX is managed by Paydenfunds. It was launched on Nov 1, 1996. ACIIX is managed by American Century. It was launched on Jul 8, 1998.
Performance
PYVLX vs. ACIIX - Performance Comparison
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PYVLX vs. ACIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYVLX Payden Equity Income Fund | -1.31% | 11.41% | 15.94% | 5.37% | -6.68% | 23.39% | 0.77% | 27.95% | -6.69% | 15.71% |
ACIIX American Century Equity Income Fund Class I | 2.73% | 12.05% | 10.58% | 4.25% | -2.96% | 17.16% | 1.19% | 24.50% | -3.53% | 13.69% |
Returns By Period
In the year-to-date period, PYVLX achieves a -1.31% return, which is significantly lower than ACIIX's 2.73% return. Both investments have delivered pretty close results over the past 10 years, with PYVLX having a 8.87% annualized return and ACIIX not far ahead at 8.89%.
PYVLX
- 1D
- -0.01%
- 1M
- -5.86%
- YTD
- -1.31%
- 6M
- 1.12%
- 1Y
- 11.49%
- 3Y*
- 11.58%
- 5Y*
- 7.31%
- 10Y*
- 8.87%
ACIIX
- 1D
- 0.00%
- 1M
- -5.73%
- YTD
- 2.73%
- 6M
- 4.62%
- 1Y
- 9.92%
- 3Y*
- 9.70%
- 5Y*
- 7.47%
- 10Y*
- 8.89%
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PYVLX vs. ACIIX - Expense Ratio Comparison
PYVLX has a 0.73% expense ratio, which is higher than ACIIX's 0.72% expense ratio.
Return for Risk
PYVLX vs. ACIIX — Risk / Return Rank
PYVLX
ACIIX
PYVLX vs. ACIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Equity Income Fund (PYVLX) and American Century Equity Income Fund Class I (ACIIX). 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.
| PYVLX | ACIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.93 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.35 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.11 | -0.06 |
Martin ratioReturn relative to average drawdown | 4.92 | 4.37 | +0.55 |
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
| PYVLX | ACIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.93 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.70 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.67 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.53 | -0.15 |
Correlation
The correlation between PYVLX and ACIIX is 0.90, 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
PYVLX vs. ACIIX - Dividend Comparison
PYVLX's dividend yield for the trailing twelve months is around 6.61%, less than ACIIX's 10.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYVLX Payden Equity Income Fund | 6.61% | 6.38% | 17.91% | 2.94% | 6.72% | 20.13% | 1.88% | 4.97% | 2.98% | 7.10% | 3.25% | 2.50% |
ACIIX American Century Equity Income Fund Class I | 10.28% | 10.55% | 11.71% | 8.21% | 8.96% | 7.02% | 2.18% | 7.57% | 9.05% | 12.14% | 8.08% | 10.72% |
Drawdowns
PYVLX vs. ACIIX - Drawdown Comparison
The maximum PYVLX drawdown since its inception was -60.67%, which is greater than ACIIX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for PYVLX and ACIIX.
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Drawdown Indicators
| PYVLX | ACIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.67% | -39.16% | -21.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -8.96% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.96% | -13.49% | -12.47% |
Max Drawdown (10Y)Largest decline over 10 years | -33.24% | -32.76% | -0.48% |
Current DrawdownCurrent decline from peak | -6.07% | -5.73% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -5.26% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.30% | -0.08% |
Volatility
PYVLX vs. ACIIX - Volatility Comparison
Payden Equity Income Fund (PYVLX) has a higher volatility of 3.17% compared to American Century Equity Income Fund Class I (ACIIX) at 2.76%. This indicates that PYVLX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYVLX | ACIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 2.76% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 6.05% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 11.61% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 10.74% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 13.37% | +3.11% |