DEDIX vs. PYCEX
Compare and contrast key facts about Delaware Emerging Markets Debt Corporate Fund (DEDIX) and Payden Emerging Markets Corporate Bond Fund (PYCEX).
DEDIX is managed by Delaware Funds. It was launched on Sep 29, 2013. PYCEX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Performance
DEDIX vs. PYCEX - Performance Comparison
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DEDIX vs. PYCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEDIX Delaware Emerging Markets Debt Corporate Fund | -1.29% | 9.51% | 7.90% | 8.72% | -10.60% | 0.56% | 6.81% | 15.91% | -4.69% | 12.40% |
PYCEX Payden Emerging Markets Corporate Bond Fund | -0.77% | 7.96% | 7.90% | 7.37% | -11.02% | 0.80% | 8.17% | 11.90% | -3.33% | 9.13% |
Returns By Period
In the year-to-date period, DEDIX achieves a -1.29% return, which is significantly lower than PYCEX's -0.77% return. Over the past 10 years, DEDIX has outperformed PYCEX with an annualized return of 4.86%, while PYCEX has yielded a comparatively lower 4.18% annualized return.
DEDIX
- 1D
- 0.00%
- 1M
- -2.34%
- YTD
- -1.29%
- 6M
- 0.09%
- 1Y
- 5.85%
- 3Y*
- 7.65%
- 5Y*
- 2.93%
- 10Y*
- 4.86%
PYCEX
- 1D
- 0.06%
- 1M
- -2.31%
- YTD
- -0.77%
- 6M
- 0.40%
- 1Y
- 4.82%
- 3Y*
- 7.19%
- 5Y*
- 2.34%
- 10Y*
- 4.18%
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DEDIX vs. PYCEX - Expense Ratio Comparison
DEDIX has a 0.79% expense ratio, which is higher than PYCEX's 0.65% expense ratio.
Return for Risk
DEDIX vs. PYCEX — Risk / Return Rank
DEDIX
PYCEX
DEDIX vs. PYCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Emerging Markets Debt Corporate Fund (DEDIX) and Payden Emerging Markets Corporate Bond Fund (PYCEX). 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.
| DEDIX | PYCEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 1.87 | +0.28 |
Sortino ratioReturn per unit of downside risk | 2.77 | 2.42 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.46 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.64 | +0.31 |
Martin ratioReturn relative to average drawdown | 8.08 | 6.88 | +1.20 |
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
| DEDIX | PYCEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.87 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.73 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.20 | 1.18 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.18 | -0.07 |
Correlation
The correlation between DEDIX and PYCEX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DEDIX vs. PYCEX - Dividend Comparison
DEDIX's dividend yield for the trailing twelve months is around 5.78%, less than PYCEX's 6.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEDIX Delaware Emerging Markets Debt Corporate Fund | 5.78% | 5.76% | 6.69% | 5.40% | 4.96% | 4.42% | 4.38% | 4.31% | 5.59% | 6.04% | 4.02% | 3.54% |
PYCEX Payden Emerging Markets Corporate Bond Fund | 6.44% | 6.50% | 6.21% | 5.59% | 4.92% | 5.23% | 4.00% | 4.81% | 5.13% | 4.84% | 4.18% | 4.51% |
Drawdowns
DEDIX vs. PYCEX - Drawdown Comparison
The maximum DEDIX drawdown since its inception was -20.06%, roughly equal to the maximum PYCEX drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for DEDIX and PYCEX.
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Drawdown Indicators
| DEDIX | PYCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -20.12% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.96% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.06% | -20.12% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -20.06% | -20.12% | +0.06% |
Current DrawdownCurrent decline from peak | -2.46% | -2.31% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -3.04% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.71% | +0.01% |
Volatility
DEDIX vs. PYCEX - Volatility Comparison
Delaware Emerging Markets Debt Corporate Fund (DEDIX) and Payden Emerging Markets Corporate Bond Fund (PYCEX) have volatilities of 0.77% and 0.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEDIX | PYCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.80% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 1.40% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 2.59% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 3.20% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 3.57% | +0.49% |