EMDZX Alternatives & Similar Mutual Funds

PGIM Emerging Markets Debt Local Currency Fund (EMDZX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EMDZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EMDZX

EMDZX charges 0.73% annually. There are 14 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
PYELX	Payden Emerging Markets Local Bond Fund	0.09%	—	Nov 2011	EMDZX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	EMDZX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.40%	—	Dec 2017	EMDZX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	EMDZX vs SEDAX
GMOQX	GMO Emerging Country Debt Fund Class VI	0.51%	—	Apr 1994	EMDZX vs GMOQX

Best Risk-Adjusted Alternatives to EMDZX

EMDZX has a PortfoliosLab risk / return rank of 20. There are 72 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
AGEYX	American Beacon Developing World Income Fund Class...	98	—	Feb 2014	EMDZX vs AGEYX
AGEPX	American Beacon Frontier Markets Income Fund	98	—	Feb 2014	EMDZX vs AGEPX
GMOQX	GMO Emerging Country Debt Fund Class VI	98	—	Apr 1994	EMDZX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	98	—	Apr 1994	EMDZX vs GMCDX
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	98	—	Apr 2014	EMDZX vs DBLLX

Top Performing EMDZX Alternatives (YTD)

EMDZX is at 1.09% YTD. There are 69 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 21.21%.

Symbol	Name	YTD Return	AUM	Inception
EDF	Virtus Stone Harbor Emerging Markets Income Fund	21.21%	—	Dec 2010	EMDZX vs EDF
GMOQX	GMO Emerging Country Debt Fund Class VI	9.53%	—	Apr 1994	EMDZX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	9.50%	—	Apr 1994	EMDZX vs GMCDX
FEMDX	Franklin Emerging Market Debt Opportunities Fund	8.40%	—	May 2006	EMDZX vs FEMDX
EDD	Morgan Stanley Emerging Markets Domestic Fund	8.33%	—	Apr 2007	EMDZX vs EDD

Lowest Volatility Alternatives to EMDZX

EMDZX has 8.15% 1-year volatility. There are 70 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.15%	—	Apr 2014	EMDZX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.93%	—	Apr 2010	EMDZX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.03%	—	Nov 2013	EMDZX vs PYCEX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.05%	—	May 2011	EMDZX vs SHCDX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.08%	—	Apr 2010	EMDZX vs DBLEX

Lowest Drawdown Alternatives to EMDZX

EMDZX has a 1-year max drawdown of -8.54%. There are 72 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	-0.92%	—	Apr 2014	EMDZX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	EMDZX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	EMDZX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	EMDZX vs SHCDX
PYCEX	Payden Emerging Markets Corporate Bond Fund	-2.37%	—	Nov 2013	EMDZX vs PYCEX

Other Mutual Funds from PGIM

The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PJFAX	PGIM Jennison Growth Fund	Large Cap Growth Equities	14	5.71%	—	Nov 1995	EMDZX vs PJFAX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	72	1.85%	—	Oct 2011	EMDZX vs PHYQX
PTRQX	PGIM Total Return Bond R6	Intermediate Core-Plus Bond	27	0.68%	—	Dec 2010	EMDZX vs PTRQX
SDMZX	PGIM Short Duration Multi-Sector Bond Fund	Short-Term Bond	53	0.92%	—	Dec 2013	EMDZX vs SDMZX
PDBZX	PGIM Total Return Bond Fund Class Z	Intermediate Core-Plus Bond	26	0.72%	—	Jan 1997	EMDZX vs PDBZX
FRFZX	PGIM Floating Rate Income Fund	Bank Loan	96	2.29%	—	Mar 2011	EMDZX vs FRFZX
HYSZX	PGIM Short Duration High Yield Income Fund	High Yield Bonds	68	1.37%	—	Oct 2012	EMDZX vs HYSZX
PALDX	PGIM 60/40 Allocation Fund	Diversified Portfolio	81	7.39%	—	Sep 2017	EMDZX vs PALDX
PBHAX	PGIM High Yield Fund	High Yield Bonds	65	1.48%	—	Jan 1990	EMDZX vs PBHAX
PWJZX	PGIM Jennison International Opportunities Fund	Foreign Large Cap Equities	15	18.38%	—	Jun 2012	EMDZX vs PWJZX

Often Compared With EMDZX

Investors most often compare EMDZX with EIDOX, PGOAX, DEDIX. These 5 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	7.62%	—	Sep 2015	EMDZX vs EIDOX
PGOAX	PGIM Jennison Small Company Fund	Small Cap Growth Equities	58	16.04%	—	Jan 1990	EMDZX vs PGOAX
DEDIX	Delaware Emerging Markets Debt Corporate Fund	Emerging Markets Bonds	90	1.52%	—	Sep 2013	EMDZX vs DEDIX
PRJZX	PGIM Jennison Global Opportunities Fund	Global Equities	12	12.72%	—	Mar 2012	EMDZX vs PRJZX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	7.53%	—	Feb 2013	EMDZX vs EELDX

Compare EMDZX with Any Fund or Stock

Compare EMDZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair EMDZX with funds that move differently

PGIM Emerging Markets Debt Local Currency Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EMDZX.

Explore EMDZX Diversifiers

PGIM Emerging Markets Debt Local Currency Fund (EMDZX) Alternatives