EMKIX vs. PYCEX
Compare and contrast key facts about Ashmore Emerging Markets Total Return Fund (EMKIX) and Payden Emerging Markets Corporate Bond Fund (PYCEX).
EMKIX is managed by Ashmore. It was launched on Dec 7, 2010. PYCEX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Performance
EMKIX vs. PYCEX - Performance Comparison
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EMKIX vs. PYCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMKIX Ashmore Emerging Markets Total Return Fund | -1.88% | 18.51% | 1.06% | 11.08% | -22.93% | -11.27% | 2.19% | 9.73% | -5.31% | 10.29% |
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, EMKIX achieves a -1.88% return, which is significantly lower than PYCEX's -0.77% return. Over the past 10 years, EMKIX has underperformed PYCEX with an annualized return of 0.76%, while PYCEX has yielded a comparatively higher 4.18% annualized return.
EMKIX
- 1D
- -0.39%
- 1M
- -4.66%
- YTD
- -1.88%
- 6M
- 2.25%
- 1Y
- 11.99%
- 3Y*
- 8.38%
- 5Y*
- -0.97%
- 10Y*
- 0.76%
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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EMKIX vs. PYCEX - Expense Ratio Comparison
EMKIX has a 1.02% expense ratio, which is higher than PYCEX's 0.65% expense ratio.
Return for Risk
EMKIX vs. PYCEX — Risk / Return Rank
EMKIX
PYCEX
EMKIX vs. PYCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Total Return Fund (EMKIX) 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.
| EMKIX | PYCEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 1.87 | +0.17 |
Sortino ratioReturn per unit of downside risk | 3.06 | 2.42 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.64 | +0.82 |
Martin ratioReturn relative to average drawdown | 10.09 | 6.88 | +3.21 |
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
| EMKIX | PYCEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.87 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.73 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 1.18 | -1.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 1.18 | -1.32 |
Correlation
The correlation between EMKIX and PYCEX is 0.61, 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
EMKIX vs. PYCEX - Dividend Comparison
EMKIX's dividend yield for the trailing twelve months is around 8.40%, more than PYCEX's 6.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMKIX Ashmore Emerging Markets Total Return Fund | 8.40% | 6.42% | 5.17% | 5.18% | 3.78% | 3.99% | 4.23% | 5.45% | 4.89% | 4.58% | 0.00% | 0.00% |
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
EMKIX vs. PYCEX - Drawdown Comparison
The maximum EMKIX drawdown since its inception was -47.14%, which is greater than PYCEX's maximum drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for EMKIX and PYCEX.
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Drawdown Indicators
| EMKIX | PYCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.14% | -20.12% | -27.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -2.96% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -40.22% | -20.12% | -20.10% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -20.12% | -20.10% |
Current DrawdownCurrent decline from peak | -21.42% | -2.31% | -19.11% |
Average DrawdownAverage peak-to-trough decline | -21.11% | -3.04% | -18.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.71% | +0.51% |
Volatility
EMKIX vs. PYCEX - Volatility Comparison
Ashmore Emerging Markets Total Return Fund (EMKIX) has a higher volatility of 2.28% compared to Payden Emerging Markets Corporate Bond Fund (PYCEX) at 0.80%. This indicates that EMKIX's price experiences larger fluctuations and is considered to be riskier than PYCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMKIX | PYCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 0.80% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 1.40% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 2.59% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 3.20% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 3.57% | +4.65% |