AGEYX vs. DBELX
Compare and contrast key facts about American Beacon Developing World Income Fund Class Y (AGEYX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX).
AGEYX is a passively managed fund by American Beacon that tracks the performance of the JPMorgan® EMBI Global Diversified Index. It was launched on Feb 25, 2014. DBELX is managed by DoubleLine. It was launched on Jun 27, 2019.
Performance
AGEYX vs. DBELX - Performance Comparison
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AGEYX vs. DBELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AGEYX American Beacon Developing World Income Fund Class Y | 1.59% | 19.15% | 15.85% | 13.10% | -12.62% | 6.91% | 2.54% | 4.77% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | -2.91% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
Returns By Period
In the year-to-date period, AGEYX achieves a 1.59% return, which is significantly higher than DBELX's -2.91% return.
AGEYX
- 1D
- -0.53%
- 1M
- -3.02%
- YTD
- 1.59%
- 6M
- 7.64%
- 1Y
- 18.64%
- 3Y*
- 16.31%
- 5Y*
- 8.13%
- 10Y*
- 7.77%
DBELX
- 1D
- -0.32%
- 1M
- -6.70%
- YTD
- -2.91%
- 6M
- 0.26%
- 1Y
- 12.48%
- 3Y*
- 6.49%
- 5Y*
- 2.63%
- 10Y*
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AGEYX vs. DBELX - Expense Ratio Comparison
AGEYX has a 1.14% expense ratio, which is higher than DBELX's 0.90% expense ratio.
Return for Risk
AGEYX vs. DBELX — Risk / Return Rank
AGEYX
DBELX
AGEYX vs. DBELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Developing World Income Fund Class Y (AGEYX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AGEYX | DBELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.96 | 1.93 | +2.03 |
Sortino ratioReturn per unit of downside risk | 5.44 | 2.58 | +2.86 |
Omega ratioGain probability vs. loss probability | 2.04 | 1.38 | +0.66 |
Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.83 | +2.32 |
Martin ratioReturn relative to average drawdown | 21.19 | 8.57 | +12.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGEYX | DBELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 1.93 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.60 | 0.38 | +1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.20 | +1.11 |
Correlation
The correlation between AGEYX and DBELX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AGEYX vs. DBELX - Dividend Comparison
AGEYX's dividend yield for the trailing twelve months is around 9.85%, more than DBELX's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGEYX American Beacon Developing World Income Fund Class Y | 9.15% | 9.99% | 12.16% | 9.64% | 7.50% | 7.90% | 7.34% | 8.61% | 9.88% | 7.30% | 8.43% | 7.03% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 4.02% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGEYX vs. DBELX - Drawdown Comparison
The maximum AGEYX drawdown since its inception was -22.24%, roughly equal to the maximum DBELX drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for AGEYX and DBELX.
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Drawdown Indicators
| AGEYX | DBELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -21.95% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -6.89% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.24% | -19.87% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -22.24% | — | — |
Current DrawdownCurrent decline from peak | -3.15% | -6.89% | +3.74% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -7.33% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.47% | -0.61% |
Volatility
AGEYX vs. DBELX - Volatility Comparison
The current volatility for American Beacon Developing World Income Fund Class Y (AGEYX) is 1.74%, while DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a volatility of 4.00%. This indicates that AGEYX experiences smaller price fluctuations and is considered to be less risky than DBELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGEYX | DBELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 4.00% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 5.24% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 6.65% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 6.99% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 7.39% | -2.39% |