Payden Emerging Markets Local Bond Fund (PYELX) 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 PYELX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PYELX
PYELX charges 0.09% annually. No mutual funds in the Emerging Markets Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | PYELX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.35% | — | Dec 2017 | PYELX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | PYELX vs SEDAX | |
| Vanguard Emerging Markets Bond Fund Investor Share... | 0.50% | 5.90B | Mar 2016 | PYELX vs VEMBX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | PYELX vs GMOQX |
Best Risk-Adjusted Alternatives to PYELX
PYELX has a PortfoliosLab risk / return rank of 34. There are 61 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 99 | — | Feb 2014 | PYELX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 99 | — | Feb 2014 | PYELX vs AGEPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Sep 2015 | PYELX vs EIDOX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Feb 2013 | PYELX vs EELDX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | PYELX vs GMOQX |
Top Performing PYELX Alternatives (YTD)
PYELX is at 1.46% YTD. There are 55 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 16.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Emerging Markets Domestic Fund | 16.37% | — | Apr 2007 | PYELX vs EDD | |
| Virtus Stone Harbor Emerging Markets Income Fund | 13.38% | — | Dec 2010 | PYELX vs EDF | |
| Franklin Emerging Market Debt Opportunities Fund | 9.20% | — | May 2006 | PYELX vs FEMDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 8.95% | — | Feb 2013 | PYELX vs EELDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 8.91% | — | Sep 2015 | PYELX vs EIDOX |
Lowest Volatility Alternatives to PYELX
PYELX has 6.75% 1-year volatility. There are 60 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.24% | — | Apr 2014 | PYELX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.98% | — | Apr 2010 | PYELX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.06% | — | Nov 2013 | PYELX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.06% | — | May 2011 | PYELX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.17% | — | Apr 2010 | PYELX vs DBLEX |
Lowest Drawdown Alternatives to PYELX
PYELX has a 1-year max drawdown of -7.22%. There are 65 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 | PYELX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | PYELX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | PYELX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | PYELX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | PYELX vs PYCEX |
Other Mutual Funds from Paydenfunds
The 10 most viewed Paydenfunds mutual funds shown here include PYFRX, PYHRX, PYGSX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | Bank Loan | 99 | 2.36% | — | Nov 2013 | PYELX vs PYFRX | |
| Payden High Income Fund | High Yield Bonds | 95 | 2.67% | — | Dec 1997 | PYELX vs PYHRX | |
| Payden Global Low Duration Fund | Global Bonds | 80 | 1.07% | — | Sep 1996 | PYELX vs PYGSX | |
| Payden Absolute Return Bond Fund | Nontraditional Bonds | 76 | 1.50% | — | Nov 2014 | PYELX vs PYARX | |
| Payden/Kravitz Cash Balance Plan Fund | Multisector Bonds | 89 | 2.22% | — | Sep 2008 | PYELX vs PKBIX | |
| Payden Limited Maturity Fund | Ultrashort Bond | 98 | 1.65% | — | Apr 1994 | PYELX vs PYLMX | |
| Payden Corporate Bond Fund | Corporate Bonds | 8 | -0.80% | — | Mar 2009 | PYELX vs PYACX | |
| Payden Core Bond Fund | Intermediate Core-Plus Bond | 14 | -0.40% | — | Dec 1993 | PYELX vs PYCBX | |
| Payden Equity Income Fund | Dividend, Large Cap Value Equities | 89 | 13.28% | — | Nov 1996 | PYELX vs PYVLX | |
| Payden Global Fixed Income Fund | Global Bonds | 15 | 0.19% | — | Aug 1992 | PYELX vs PYGFX |
Often Compared With PYELX
Investors most often compare PYELX with PELBX, PACEX, PFSIX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PYELX with Any Fund or Stock
Compare PYELX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PYELX with funds that move differently
Payden Emerging Markets Local Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PYELX.
Explore PYELX Diversifiers