PIMCO Emerging Markets Local Currency and Bond Fund Class A (PELAX) 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 PELAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PELAX
PELAX charges 2.00% annually. There are 75 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 | PELAX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | PELAX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | PELAX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | PELAX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | PELAX vs GMOQX |
Best Risk-Adjusted Alternatives to PELAX
PELAX has a PortfoliosLab risk / return rank of 33. There are 64 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 Frontier Markets Income Fund | 98 | — | Feb 2014 | PELAX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | PELAX vs AGEYX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | PELAX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | PELAX vs GMCDX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 98 | — | Apr 2014 | PELAX vs DBLLX |
Top Performing PELAX Alternatives (YTD)
PELAX is at 1.43% YTD. There are 58 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 14.37% | — | Dec 2010 | PELAX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 8.73% | — | Apr 1994 | PELAX vs GMOQX | |
| GMO Emerging Country Debt Fund | 8.70% | — | Apr 1994 | PELAX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 7.92% | — | May 2006 | PELAX vs FEMDX | |
| American Beacon Frontier Markets Income Fund | 6.76% | — | Feb 2014 | PELAX vs AGEPX |
Lowest Volatility Alternatives to PELAX
PELAX has 7.09% 1-year volatility. There are 65 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 | PELAX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.92% | — | Apr 2010 | PELAX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | PELAX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.04% | — | May 2011 | PELAX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.06% | — | Apr 2010 | PELAX vs DBLEX |
Lowest Drawdown Alternatives to PELAX
PELAX has a 1-year max drawdown of -7.33%. There are 67 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 | PELAX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | PELAX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | PELAX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | PELAX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | PELAX vs PYCEX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PONAX, PTTRX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Total Bond Market | 45 | 1.00% | — | Mar 2007 | PELAX vs PIMIX | |
| PIMCO Income Fund Class A | Multisector Bonds | 41 | 0.83% | — | Apr 2007 | PELAX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Total Bond Market | 30 | 0.64% | — | — | PELAX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 3 | -4.37% | — | Dec 2001 | PELAX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 44 | 0.96% | — | — | PELAX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 47 | 10.35% | — | Aug 2007 | PELAX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 6 | -4.15% | — | Oct 2004 | PELAX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 9 | 0.12% | — | Dec 1992 | PELAX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 25 | 9.70% | — | Oct 2003 | PELAX vs PISIX | |
| PIMCO Commodity Real Return Strategy Fund | Commodities | 75 | 26.86% | — | Jun 2002 | PELAX vs PCRIX |
Often Compared With PELAX
Investors most often compare PELAX with EEIIX, AMAPX, EDD. These 6 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Local Income Fund Cla... | Emerging Markets Bonds | 61 | 4.15% | — | Nov 2009 | PELAX vs EEIIX | |
| Amana Participation Fund | Emerging Markets Bonds | 45 | 0.26% | — | Sep 2015 | PELAX vs AMAPX | |
| Morgan Stanley Emerging Markets Domestic Fund | Emerging Markets Bonds | 15 | 3.21% | — | Apr 2007 | PELAX vs EDD | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.66% | — | Feb 2013 | PELAX vs EELDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.75% | — | Sep 2015 | PELAX vs EIDOX | |
| PIMCO RAE US Small Fund | Small Cap Value Equities | 67 | 19.26% | — | Jun 2015 | PELAX vs PMJIX |
Compare PELAX with Any Fund or Stock
Compare PELAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PELAX with funds that move differently
PIMCO Emerging Markets Local Currency and Bond Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PELAX.
Explore PELAX Diversifiers