DBLLX vs. PACEX
Compare and contrast key facts about DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) and T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX).
DBLLX is managed by DoubleLine. It was launched on Apr 6, 2014. PACEX is managed by T. Rowe Price. It was launched on May 23, 2012.
Performance
DBLLX vs. PACEX - Performance Comparison
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DBLLX vs. PACEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund | 0.02% | 7.86% | 7.20% | 7.00% | -5.05% | -0.21% | 3.53% | 8.57% | -0.04% | 4.20% |
PACEX T. Rowe Price Emerging Markets Corporate Bond Fund | -1.68% | 8.38% | 6.64% | 6.38% | -13.41% | -2.01% | 6.59% | 12.82% | -1.80% | 8.88% |
Returns By Period
In the year-to-date period, DBLLX achieves a 0.02% return, which is significantly higher than PACEX's -1.68% return. Over the past 10 years, DBLLX has outperformed PACEX with an annualized return of 3.62%, while PACEX has yielded a comparatively lower 3.41% annualized return.
DBLLX
- 1D
- 0.00%
- 1M
- -0.92%
- YTD
- 0.02%
- 6M
- 1.20%
- 1Y
- 5.32%
- 3Y*
- 6.95%
- 5Y*
- 3.30%
- 10Y*
- 3.62%
PACEX
- 1D
- 0.11%
- 1M
- -3.07%
- YTD
- -1.68%
- 6M
- -0.80%
- 1Y
- 4.32%
- 3Y*
- 6.13%
- 5Y*
- 0.75%
- 10Y*
- 3.41%
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DBLLX vs. PACEX - Expense Ratio Comparison
DBLLX has a 0.59% expense ratio, which is lower than PACEX's 1.16% expense ratio.
Return for Risk
DBLLX vs. PACEX — Risk / Return Rank
DBLLX
PACEX
DBLLX vs. PACEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) and T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX). 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.
| DBLLX | PACEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.75 | 1.47 | +2.28 |
Sortino ratioReturn per unit of downside risk | 5.19 | 2.02 | +3.17 |
Omega ratioGain probability vs. loss probability | 2.29 | 1.36 | +0.93 |
Calmar ratioReturn relative to maximum drawdown | 4.05 | 1.40 | +2.65 |
Martin ratioReturn relative to average drawdown | 21.50 | 5.25 | +16.25 |
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
| DBLLX | PACEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.75 | 1.47 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.72 | 0.22 | +1.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.91 | 0.84 | +1.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.68 | 0.94 | +0.73 |
Correlation
The correlation between DBLLX and PACEX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DBLLX vs. PACEX - Dividend Comparison
DBLLX's dividend yield for the trailing twelve months is around 5.01%, less than PACEX's 5.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund | 5.01% | 5.27% | 4.70% | 3.74% | 2.41% | 2.15% | 2.61% | 4.93% | 2.87% | 3.00% | 3.19% | 3.77% |
PACEX T. Rowe Price Emerging Markets Corporate Bond Fund | 5.19% | 5.50% | 4.76% | 3.86% | 3.06% | 3.36% | 3.85% | 4.26% | 4.46% | 3.94% | 4.27% | 4.92% |
Drawdowns
DBLLX vs. PACEX - Drawdown Comparison
The maximum DBLLX drawdown since its inception was -10.13%, smaller than the maximum PACEX drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for DBLLX and PACEX.
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Drawdown Indicators
| DBLLX | PACEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.13% | -23.40% | +13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -3.35% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -10.13% | -23.40% | +13.27% |
Max Drawdown (10Y)Largest decline over 10 years | -10.13% | -23.40% | +13.27% |
Current DrawdownCurrent decline from peak | -0.92% | -3.07% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -4.20% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.89% | -0.64% |
Volatility
DBLLX vs. PACEX - Volatility Comparison
The current volatility for DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) is 0.35%, while T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) has a volatility of 0.88%. This indicates that DBLLX experiences smaller price fluctuations and is considered to be less risky than PACEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLLX | PACEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 0.88% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 0.75% | 1.86% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.43% | 3.20% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 3.44% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.90% | 4.06% | -2.16% |