DOW has a standard deviation of returns of 0.51 and is 12.75 times more volatile than Payden Absolute Return Bond USD Acc. 0%
of all equities and portfolios are less risky than Payden Absolute. Compared to the overall equity markets, volatility of historical daily returns of Payden Absolute Return Bond USD Acc is lower than 0 (%)
of all global equities and portfolios over the last 30 days. Use Payden Absolute Return Bond USD Acc to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Payden Absolute to be traded at $11.82 in 30 days
. As returns on market increase, Payden Absolute returns are expected to increase less than the market. However during bear market, the loss on holding Payden Absolute will be expected to be smaller as well.
Payden Absolute correlation with market
Overlapping area represents the amount of risk that can be diversified away by holding Payden Absolute Return Bond US and equity matching DJI index in the same portfolio.