DBLEX vs. PELBX
DBLEX (DoubleLine Emerging Markets Fixed Income Fund) and PELBX (PIMCO Emerging Markets Local Currency and Bond Fund) are both Emerging Markets Bonds funds. Over the past 10 years, DBLEX returned 3.42%/yr vs 4.15%/yr for PELBX. Their 0.41 correlation means their historical movements had little consistent relationship. DBLEX charges 0.90%/yr vs 1.22%/yr for PELBX.
Performance
DBLEX vs. PELBX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLEX achieves a 1.00% return, which is significantly lower than PELBX's 1.68% return. Over the past 10 years, DBLEX has underperformed PELBX with an annualized return of 3.42%, while PELBX has yielded a comparatively higher 4.15% annualized return.
DBLEX
- 1D
- -0.11%
- 1M
- -0.56%
- 6M
- 0.28%
- YTD
- 1.00%
- 1Y
- 3.76%
- 3Y*
- 7.40%
- 5Y*
- 1.82%
- 10Y*
- 3.42%
- ALL TIME*
- 4.20%
PELBX
- 1D
- 0.80%
- 1M
- -0.48%
- 6M
- -0.53%
- YTD
- 1.68%
- 1Y
- 10.29%
- 3Y*
- 8.31%
- 5Y*
- 4.89%
- 10Y*
- 4.15%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DBLEX vs. PELBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLEX DoubleLine Emerging Markets Fixed Income Fund | 1.00% | 8.39% | 8.20% | 9.64% | -15.30% | 1.97% | 4.85% | 11.80% | -3.20% | 8.48% |
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | 1.68% | 22.96% | -0.75% | 15.11% | -7.36% | -8.13% | 2.16% | 17.23% | -7.49% | 15.44% |
Correlation
The correlation between DBLEX and PELBX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010 | 0.41 |
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Return for Risk
DBLEX vs. PELBX — Risk / Return Rank
DBLEX
PELBX
DBLEX vs. PELBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and PIMCO Emerging Markets Local Currency and Bond Fund (PELBX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBLEX | PELBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.53 | +0.62 |
| Martin ratioReturn relative to average drawdown | 8.34 | 4.87 | +3.47 |
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Drawdowns
DBLEX vs. PELBX - Drawdown Comparison
The maximum DBLEX drawdown since its inception was -25.43%, smaller than the maximum PELBX drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for DBLEX and PELBX.
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Drawdown Indicators
| DBLEX | PELBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -36.17% | +10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.81% | -7.33% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -7.33% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -21.73% | -3.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | -24.89% | -0.54% |
Current DrawdownCurrent decline from peak | -0.82% | -1.97% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -11.16% | +7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 2.30% | -1.83% |
Volatility
DBLEX vs. PELBX - Volatility Comparison
The current volatility for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) is 0.54%, while PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) has a volatility of 1.98%. This indicates that DBLEX experiences smaller price fluctuations and is considered to be less risky than PELBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLEX | PELBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.98% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 6.57% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 7.43% | -5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 8.10% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 8.79% | -4.15% |
DBLEX vs. PELBX - Expense Ratio Comparison
DBLEX has a 0.90% expense ratio, which is lower than PELBX's 1.22% expense ratio.
Dividends
DBLEX vs. PELBX - Dividend Comparison
DBLEX's dividend yield for the trailing twelve months is around 5.11%, less than PELBX's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLEX DoubleLine Emerging Markets Fixed Income Fund | 5.11% | 5.59% | 5.97% | 5.54% | 4.77% | 4.00% | 4.37% | 4.57% | 3.83% | 4.33% | 4.54% | 5.21% |
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | 6.56% | 6.71% | 7.08% | 4.81% | 3.24% | 4.87% | 4.87% | 6.14% | 6.88% | 5.84% | 5.69% | 5.51% |
Frequently Asked Questions
DBLEX and PELBX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PELBX has higher volatility (1.98%) compared to DBLEX (0.54%). In terms of maximum drawdown, DBLEX dropped -25.43% vs PELBX's -36.17%.
DBLEX currently has the higher Sharpe Ratio (1.84 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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