PYVLX vs. PYFRX
Compare and contrast key facts about Payden Equity Income Fund (PYVLX) and Payden Floating Rate Fund (PYFRX).
PYVLX is managed by Paydenfunds. It was launched on Nov 1, 1996. PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Performance
PYVLX vs. PYFRX - Performance Comparison
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PYVLX vs. PYFRX - 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% |
PYFRX Payden Floating Rate Fund | -0.20% | 6.61% | 8.90% | 12.86% | 0.27% | 3.93% | 1.72% | 8.49% | 0.31% | 2.82% |
Returns By Period
In the year-to-date period, PYVLX achieves a 0.70% return, which is significantly higher than PYFRX's -0.20% return. Over the past 10 years, PYVLX has outperformed PYFRX with an annualized return of 9.09%, while PYFRX has yielded a comparatively lower 5.03% 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%
PYFRX
- 1D
- 0.11%
- 1M
- 0.46%
- YTD
- -0.20%
- 6M
- 1.50%
- 1Y
- 5.81%
- 3Y*
- 8.18%
- 5Y*
- 6.13%
- 10Y*
- 5.03%
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PYVLX vs. PYFRX - Expense Ratio Comparison
PYVLX has a 0.73% expense ratio, which is higher than PYFRX's 0.70% expense ratio.
Return for Risk
PYVLX vs. PYFRX — Risk / Return Rank
PYVLX
PYFRX
PYVLX vs. PYFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Equity Income Fund (PYVLX) and Payden Floating Rate Fund (PYFRX). 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 | PYFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 2.81 | -1.80 |
Sortino ratioReturn per unit of downside risk | 1.43 | 3.65 | -2.23 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.93 | -0.71 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.45 | -1.04 |
Martin ratioReturn relative to average drawdown | 6.58 | 11.59 | -5.01 |
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 | PYFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.81 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 3.18 | -2.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 1.39 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.36 | -0.97 |
Correlation
The correlation between PYVLX and PYFRX is 0.26, 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
PYVLX vs. PYFRX - Dividend Comparison
PYVLX's dividend yield for the trailing twelve months is around 6.48%, less than PYFRX's 7.22% 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% |
PYFRX Payden Floating Rate Fund | 7.22% | 7.55% | 8.88% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% |
Drawdowns
PYVLX vs. PYFRX - Drawdown Comparison
The maximum PYVLX drawdown since its inception was -60.67%, which is greater than PYFRX's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for PYVLX and PYFRX.
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Drawdown Indicators
| PYVLX | PYFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.67% | -20.18% | -40.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -2.18% | -8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -25.96% | -4.80% | -21.16% |
Max Drawdown (10Y)Largest decline over 10 years | -33.24% | -20.18% | -13.06% |
Current DrawdownCurrent decline from peak | -4.16% | -0.51% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -0.60% | -9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 0.48% | +1.75% |
Volatility
PYVLX vs. PYFRX - Volatility Comparison
Payden Equity Income Fund (PYVLX) has a higher volatility of 3.91% compared to Payden Floating Rate Fund (PYFRX) at 0.64%. This indicates that PYVLX's price experiences larger fluctuations and is considered to be riskier than PYFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYVLX | PYFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 0.64% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 0.97% | +6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 2.04% | +11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 1.94% | +14.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 3.62% | +12.88% |