ESFIX vs. PYCEX
Compare and contrast key facts about Ashmore Emerging Markets Short Duration Fund (ESFIX) and Payden Emerging Markets Corporate Bond Fund (PYCEX).
ESFIX is managed by Ashmore. It was launched on Jun 23, 2014. PYCEX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Performance
ESFIX vs. PYCEX - Performance Comparison
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ESFIX vs. PYCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESFIX Ashmore Emerging Markets Short Duration Fund | 0.26% | 7.09% | 7.94% | 13.03% | -21.54% | -18.83% | -6.89% | 1.22% | -0.16% | 7.11% |
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, ESFIX achieves a 0.26% return, which is significantly higher than PYCEX's -0.77% return. Over the past 10 years, ESFIX has underperformed PYCEX with an annualized return of -0.88%, while PYCEX has yielded a comparatively higher 4.18% annualized return.
ESFIX
- 1D
- -0.43%
- 1M
- -0.69%
- YTD
- 0.26%
- 6M
- 0.85%
- 1Y
- 2.15%
- 3Y*
- 8.16%
- 5Y*
- -3.42%
- 10Y*
- -0.88%
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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ESFIX vs. PYCEX - Expense Ratio Comparison
Both ESFIX and PYCEX have an expense ratio of 0.65%.
Return for Risk
ESFIX vs. PYCEX — Risk / Return Rank
ESFIX
PYCEX
ESFIX vs. PYCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Short Duration Fund (ESFIX) 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.
| ESFIX | PYCEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 1.87 | -1.65 |
Sortino ratioReturn per unit of downside risk | 0.40 | 2.42 | -2.02 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.46 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.64 | -1.28 |
Martin ratioReturn relative to average drawdown | 1.03 | 6.88 | -5.85 |
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
| ESFIX | PYCEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 1.87 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.73 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | 1.18 | -1.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 1.18 | -1.34 |
Correlation
The correlation between ESFIX and PYCEX is 0.44, 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
ESFIX vs. PYCEX - Dividend Comparison
ESFIX's dividend yield for the trailing twelve months is around 7.37%, more than PYCEX's 6.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESFIX Ashmore Emerging Markets Short Duration Fund | 7.37% | 3.70% | 4.37% | 7.75% | 6.83% | 7.62% | 5.38% | 8.15% | 6.58% | 5.63% | 1.37% | 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
ESFIX vs. PYCEX - Drawdown Comparison
The maximum ESFIX drawdown since its inception was -48.22%, which is greater than PYCEX's maximum drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for ESFIX and PYCEX.
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Drawdown Indicators
| ESFIX | PYCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.22% | -20.12% | -28.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -2.96% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -43.24% | -20.12% | -23.12% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -20.12% | -28.10% |
Current DrawdownCurrent decline from peak | -25.96% | -2.31% | -23.65% |
Average DrawdownAverage peak-to-trough decline | -16.82% | -3.04% | -13.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 0.71% | +1.00% |
Volatility
ESFIX vs. PYCEX - Volatility Comparison
Ashmore Emerging Markets Short Duration Fund (ESFIX) has a higher volatility of 1.02% compared to Payden Emerging Markets Corporate Bond Fund (PYCEX) at 0.80%. This indicates that ESFIX'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
| ESFIX | PYCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.80% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 1.40% | +6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.12% | 2.59% | +6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 3.20% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 3.57% | +4.76% |