PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) 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 PELBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PELBX
PELBX charges 1.22% annually. There are 68 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 | PELBX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | PELBX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | PELBX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | PELBX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | PELBX vs GMOQX |
Best Risk-Adjusted Alternatives to PELBX
PELBX has a PortfoliosLab risk / return rank of 31. There are 62 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 | PELBX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | PELBX vs AGEPX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | PELBX vs GMCDX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | PELBX vs GMOQX | |
| Franklin Emerging Market Debt Opportunities Fund | 98 | — | May 2006 | PELBX vs FEMDX |
Top Performing PELBX Alternatives (YTD)
PELBX is at 0.47% YTD. There are 66 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 19.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 19.05% | — | Dec 2010 | PELBX vs EDF | |
| Morgan Stanley Emerging Markets Domestic Fund | 10.03% | — | Apr 2007 | PELBX vs EDD | |
| GMO Emerging Country Debt Fund Class VI | 9.31% | — | Apr 1994 | PELBX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.28% | — | Apr 1994 | PELBX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 8.00% | — | May 2006 | PELBX vs FEMDX |
Lowest Volatility Alternatives to PELBX
PELBX has 7.38% 1-year volatility. There are 66 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 | PELBX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.94% | — | Apr 2010 | PELBX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | PELBX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.05% | — | May 2011 | PELBX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.09% | — | Apr 2010 | PELBX vs DBLEX |
Lowest Drawdown Alternatives to PELBX
PELBX 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 | PELBX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | PELBX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | PELBX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | PELBX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | PELBX vs PYCEX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 48 | 1.18% | — | Mar 2007 | PELBX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 2 | -3.12% | — | Dec 2002 | PELBX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 43 | 1.02% | — | Apr 2007 | PELBX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 30 | 0.99% | — | May 1987 | PELBX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 7 | -2.45% | — | Dec 2001 | PELBX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 47 | 1.14% | — | — | PELBX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 36 | 8.29% | — | Aug 2007 | PELBX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 9 | -2.00% | — | Oct 2004 | PELBX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 12 | 0.64% | — | Dec 1992 | PELBX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 38 | 11.74% | — | Oct 2003 | PELBX vs PISIX |
Often Compared With PELBX
Investors most often compare PELBX with PEBIX, LEMB, EEIAX. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare PELBX with Any Fund or Stock
Compare PELBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PELBX with funds that move differently
PIMCO Emerging Markets Local Currency and Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PELBX.
Explore PELBX Diversifiers