T. Rowe Price Emerging Markets Local Currency Bond Fund (PAELX) 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 PAELX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAELX
PAELX charges 1.10% annually. There are 57 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 | PAELX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | PAELX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | PAELX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | PAELX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | PAELX vs GMOQX |
Best Risk-Adjusted Alternatives to PAELX
PAELX has a PortfoliosLab risk / return rank of 17. There are 73 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 | PAELX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | PAELX vs AGEPX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | PAELX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | PAELX vs GMCDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Sep 2015 | PAELX vs EIDOX |
Top Performing PAELX Alternatives (YTD)
PAELX is at 0.40% YTD. There are 73 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 19.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 19.27% | — | Dec 2010 | PAELX vs EDF | |
| Morgan Stanley Emerging Markets Domestic Fund | 14.80% | — | Apr 2007 | PAELX vs EDD | |
| GMO Emerging Country Debt Fund Class VI | 9.22% | — | Apr 1994 | PAELX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.19% | — | Apr 1994 | PAELX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 8.32% | — | May 2006 | PAELX vs FEMDX |
Lowest Volatility Alternatives to PAELX
PAELX has 6.76% 1-year volatility. There are 62 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 | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | PAELX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.94% | — | Apr 2010 | PAELX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.02% | — | Nov 2013 | PAELX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.03% | — | May 2011 | PAELX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.09% | — | Apr 2010 | PAELX vs DBLEX |
Lowest Drawdown Alternatives to PAELX
PAELX has a 1-year max drawdown of -6.70%. There are 60 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 | PAELX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | PAELX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | PAELX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | PAELX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | PAELX vs PYCEX |
Other Mutual Funds from T. Rowe Price
The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 10 | 0.01% | — | Jun 1993 | PAELX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 46 | 6.41% | — | Jun 1986 | PAELX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 49 | 9.38% | — | Dec 1992 | PAELX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 57 | 10.53% | — | Nov 1994 | PAELX vs PRCOX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 11 | 0.71% | — | Sep 1985 | PAELX vs PRWAX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 11 | 0.08% | — | — | PAELX vs TBCIX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 58 | 9.85% | — | Mar 1990 | PAELX vs PREIX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 11 | 1.82% | — | Oct 2001 | PAELX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 74 | 33.10% | — | Sep 1987 | PAELX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 27 | 8.51% | — | Feb 2004 | PAELX vs TRRJX |
Often Compared With PAELX
Investors most often compare PAELX with AMAPX, EELDX. These 2 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Amana Participation Fund | Emerging Markets Bonds | 48 | 0.40% | — | Sep 2015 | PAELX vs AMAPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.98% | — | Feb 2013 | PAELX vs EELDX |
Compare PAELX with Any Fund or Stock
Compare PAELX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAELX with funds that move differently
T. Rowe Price Emerging Markets Local Currency Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAELX.
Explore PAELX Diversifiers