PYELX Alternatives & Similar Mutual Funds

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
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	PYELX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.40%	—	Dec 2017	PYELX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	PYELX vs SEDAX
GMOQX	GMO Emerging Country Debt Fund Class VI	0.51%	—	Apr 1994	PYELX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	0.53%	—	Apr 1994	PYELX vs GMCDX

Best Risk-Adjusted Alternatives to PYELX

PYELX has a PortfoliosLab risk / return rank of 31. There are 67 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
AGEYX	American Beacon Developing World Income Fund Class...	99	—	Feb 2014	PYELX vs AGEYX
AGEPX	American Beacon Frontier Markets Income Fund	99	—	Feb 2014	PYELX vs AGEPX
GMOQX	GMO Emerging Country Debt Fund Class VI	98	—	Apr 1994	PYELX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	98	—	Apr 1994	PYELX vs GMCDX
FEMDX	Franklin Emerging Market Debt Opportunities Fund	98	—	May 2006	PYELX vs FEMDX

Top Performing PYELX Alternatives (YTD)

PYELX is at 1.47% YTD. There are 61 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 18.15%.

Symbol	Name	YTD Return	AUM	Inception
EDD	Morgan Stanley Emerging Markets Domestic Fund	18.15%	—	Apr 2007	PYELX vs EDD
EDF	Virtus Stone Harbor Emerging Markets Income Fund	14.47%	—	Dec 2010	PYELX vs EDF
GMOQX	GMO Emerging Country Debt Fund Class VI	8.95%	—	Apr 1994	PYELX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	8.92%	—	Apr 1994	PYELX vs GMCDX
FEMDX	Franklin Emerging Market Debt Opportunities Fund	8.88%	—	May 2006	PYELX vs FEMDX

Lowest Volatility Alternatives to PYELX

PYELX has 6.73% 1-year volatility. There are 61 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.17%.

Symbol	Name	Volatility 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.17%	—	Apr 2014	PYELX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.95%	—	Apr 2010	PYELX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.03%	—	Nov 2013	PYELX vs PYCEX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.03%	—	May 2011	PYELX vs SHCDX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.08%	—	Apr 2010	PYELX vs DBLEX

Lowest Drawdown Alternatives to PYELX

PYELX has a 1-year max drawdown of -7.22%. There are 66 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
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	-0.92%	—	Apr 2014	PYELX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	PYELX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	PYELX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	PYELX vs SHCDX
PYCEX	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 PYHRX, PYFRX, PYGSX and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PYHRX	Payden High Income Fund	High Yield Bonds	95	2.68%	—	Dec 1997	PYELX vs PYHRX
PYFRX	Payden Floating Rate Fund	Bank Loan	98	2.08%	—	Nov 2013	PYELX vs PYFRX
PYGSX	Payden Global Low Duration Fund	Global Bonds	85	0.88%	—	Sep 1996	PYELX vs PYGSX
PYARX	Payden Absolute Return Bond Fund	Nontraditional Bonds	80	1.33%	—	Nov 2014	PYELX vs PYARX
PYLMX	Payden Limited Maturity Fund	Ultrashort Bond	98	1.65%	—	Apr 1994	PYELX vs PYLMX
PKBIX	Payden/Kravitz Cash Balance Plan Fund	Multisector Bonds	91	2.02%	—	Sep 2008	PYELX vs PKBIX
PYCBX	Payden Core Bond Fund	Intermediate Core-Plus Bond	25	-0.05%	—	Dec 1993	PYELX vs PYCBX
PYACX	Payden Corporate Bond Fund	Corporate Bonds	18	-0.27%	—	Mar 2009	PYELX vs PYACX
PYVLX	Payden Equity Income Fund	Large Cap Value Equities	77	10.96%	—	Nov 1996	PYELX vs PYVLX
PYCRX	Payden California Municipal Social Impact Fund	Municipal Bonds	70	1.16%	—	Dec 1998	PYELX vs PYCRX

Often Compared With PYELX

Investors most often compare PYELX with PELBX, PACEX, SHMDX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PELBX	PIMCO Emerging Markets Local Currency and Bond Fun...	Emerging Markets Bonds	36	1.84%	—	Dec 2006	PYELX vs PELBX
PACEX	T. Rowe Price Emerging Markets Corporate Bond Fund	Emerging Markets Bonds	68	0.86%	—	May 2012	PYELX vs PACEX
SHMDX	Virtus Stone Harbor Emerging Mkts Debt	Emerging Markets Bonds	92	4.00%	—	Aug 2007	PYELX vs SHMDX
PFSIX	PIMCO Emerging Markets Full Spectrum Bond Fund	Emerging Markets Bonds	59	2.03%	—	Feb 2013	PYELX vs PFSIX
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	78	8.72%	—	Jul 1975	PYELX vs ABALX
AMAPX	Amana Participation Fund	Emerging Markets Bonds	48	0.19%	—	Sep 2015	PYELX vs AMAPX
FNMIX	Fidelity New Markets Income Fund	Emerging Markets Bonds	94	3.77%	—	—	PYELX vs FNMIX
VEMBX	Vanguard Emerging Markets Bond Fund Investor Share...	Emerging Markets Bonds	90	3.00%	5.80B	Mar 2016	PYELX vs VEMBX
TGEIX	TCW Emerging Markets Income Fund	Emerging Markets Bonds	92	4.69%	—	May 1998	PYELX vs TGEIX
JMKIX	John Hancock Funds Emerging Markets Debt Fund	Emerging Markets Bonds	85	3.10%	—	Dec 2009	PYELX vs JMKIX
TEDNX	TIAA-CREF Emerging Markets Debt Fund	Emerging Markets Bonds	65	1.28%	—	Sep 2014	PYELX vs TEDNX
APFOX	Artisan Emerging Markets Debt Opportunities Fund	Emerging Markets Bonds	98	6.63%	—	Apr 2022	PYELX vs APFOX
PYGFX	Payden Global Fixed Income Fund	Global Bonds	21	0.37%	—	Aug 1992	PYELX vs PYGFX
TEI	Templeton Emerging Markets Income Fund	Emerging Markets Bonds	59	10.48%	—	—	PYELX vs TEI
OEMYX	Invesco Emerging Markets Local Debt Fund	Emerging Markets Bonds	11	-0.38%	—	Jun 2010	PYELX vs OEMYX
SITEX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Bonds	81	4.06%	—	Jun 1997	PYELX vs SITEX
PEMIX	PIMCO Emerging Markets Corporate Bond Fund	Emerging Markets Bonds	74	1.52%	—	Jun 2009	PYELX vs PEMIX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.32%	—	Sep 2015	PYELX vs EIDOX
AEDVX	American Century Emerging Markets Debt Fund	Emerging Markets Bonds	79	2.42%	456.94M	Jul 2014	PYELX vs AEDVX
DBELX	DoubleLine Emerging Markets Local Currency Bond Fu...	Emerging Markets Bonds	34	2.39%	—	Jun 2019	PYELX vs DBELX

Compare PYELX with Any Fund or Stock

Compare PYELX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Payden Emerging Markets Local Bond Fund (PYELX) Alternatives