PYVLX vs. PYCBX
Compare and contrast key facts about Payden Equity Income Fund (PYVLX) and Payden Core Bond Fund (PYCBX).
PYVLX is managed by Paydenfunds. It was launched on Nov 1, 1996. PYCBX is managed by Paydenfunds. It was launched on Dec 31, 1993.
Performance
PYVLX vs. PYCBX - Performance Comparison
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PYVLX vs. PYCBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PYCBX Payden Core Bond Fund | -0.35% | 7.69% | 2.55% | 6.57% | -13.55% | -1.00% | 6.93% | 9.27% | -1.26% | 5.25% |
Returns By Period
In the year-to-date period, PYVLX achieves a 0.70% return, which is significantly higher than PYCBX's -0.35% return. Over the past 10 years, PYVLX has outperformed PYCBX with an annualized return of 9.09%, while PYCBX has yielded a comparatively lower 2.14% annualized return.
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%
PYCBX
- 1D
- 0.22%
- 1M
- -1.69%
- YTD
- -0.35%
- 6M
- 0.58%
- 1Y
- 4.29%
- 3Y*
- 4.35%
- 5Y*
- 0.63%
- 10Y*
- 2.14%
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PYVLX vs. PYCBX - Expense Ratio Comparison
PYVLX has a 0.73% expense ratio, which is higher than PYCBX's 0.53% expense ratio.
Return for Risk
PYVLX vs. PYCBX — Risk / Return Rank
PYVLX
PYCBX
PYVLX vs. PYCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Equity Income Fund (PYVLX) and Payden Core Bond Fund (PYCBX). 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 | PYCBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.03 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.47 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.60 | -0.19 |
Martin ratioReturn relative to average drawdown | 6.58 | 5.04 | +1.54 |
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 | PYCBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.03 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.11 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.46 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.95 | -0.56 |
Correlation
The correlation between PYVLX and PYCBX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PYVLX vs. PYCBX - Dividend Comparison
PYVLX's dividend yield for the trailing twelve months is around 6.48%, more than PYCBX's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PYCBX Payden Core Bond Fund | 4.68% | 4.78% | 4.63% | 3.76% | 3.21% | 2.39% | 3.96% | 3.04% | 3.27% | 3.13% | 3.85% | 2.84% |
Drawdowns
PYVLX vs. PYCBX - Drawdown Comparison
The maximum PYVLX drawdown since its inception was -60.67%, which is greater than PYCBX's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for PYVLX and PYCBX.
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Drawdown Indicators
| PYVLX | PYCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.67% | -18.59% | -42.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -2.97% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.96% | -18.59% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.24% | -18.59% | -14.65% |
Current DrawdownCurrent decline from peak | -4.16% | -2.21% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -2.42% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 0.94% | +1.29% |
Volatility
PYVLX vs. PYCBX - Volatility Comparison
Payden Equity Income Fund (PYVLX) has a higher volatility of 3.91% compared to Payden Core Bond Fund (PYCBX) at 1.60%. This indicates that PYVLX's price experiences larger fluctuations and is considered to be riskier than PYCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYVLX | PYCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 1.60% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 2.48% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 4.51% | +9.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 5.70% | +10.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 4.68% | +11.82% |