Invesco Emerging Markets Local Debt Fund (OEMYX) 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 OEMYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OEMYX
OEMYX charges 1.12% annually. There are 58 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | OEMYX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | OEMYX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | OEMYX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | OEMYX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | OEMYX vs GMOQX |
Best Risk-Adjusted Alternatives to OEMYX
OEMYX has a PortfoliosLab risk / return rank of 10. There are 75 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 | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | OEMYX vs AGEYX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | OEMYX vs GMCDX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | OEMYX vs GMOQX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | OEMYX vs AGEPX | |
| Franklin Emerging Market Debt Opportunities Fund | 98 | — | May 2006 | OEMYX vs FEMDX |
Top Performing OEMYX Alternatives (YTD)
OEMYX is at -1.59% YTD. There are 76 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 18.84%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 18.84% | — | Dec 2010 | OEMYX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 9.08% | — | Apr 1994 | OEMYX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.05% | — | Apr 1994 | OEMYX vs GMCDX | |
| Morgan Stanley Emerging Markets Domestic Fund | 8.70% | — | Apr 2007 | OEMYX vs EDD | |
| Franklin Emerging Market Debt Opportunities Fund | 8.00% | — | May 2006 | OEMYX vs FEMDX |
Lowest Volatility Alternatives to OEMYX
OEMYX has 8.83% 1-year volatility. There are 72 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.16% | — | Apr 2014 | OEMYX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.94% | — | Apr 2010 | OEMYX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.04% | — | Nov 2013 | OEMYX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.05% | — | May 2011 | OEMYX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.09% | — | Apr 2010 | OEMYX vs DBLEX |
Lowest Drawdown Alternatives to OEMYX
OEMYX has a 1-year max drawdown of -9.22%. There are 73 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 | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | OEMYX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | OEMYX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | OEMYX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | OEMYX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | OEMYX vs PYCEX |
Often Compared With OEMYX
Investors most often compare OEMYX with DEDIX, EELDX, APFOX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Debt Corporate Fund | Emerging Markets Bonds | 86 | 1.00% | — | Sep 2013 | OEMYX vs DEDIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.53% | — | Feb 2013 | OEMYX vs EELDX | |
| Artisan Emerging Markets Debt Opportunities Fund | Emerging Markets Bonds | 97 | 5.74% | — | Apr 2022 | OEMYX vs APFOX | |
| Amana Participation Fund | Emerging Markets Bonds | 44 | 0.16% | — | Sep 2015 | OEMYX vs AMAPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.50% | — | Sep 2015 | OEMYX vs EIDOX |
Compare OEMYX with Any Fund or Stock
Compare OEMYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OEMYX with funds that move differently
Invesco Emerging Markets Local Debt Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OEMYX.
Explore OEMYX Diversifiers