FSEDX vs. PYELX
Compare and contrast key facts about Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and Payden Emerging Markets Local Bond Fund (PYELX).
FSEDX is managed by Fidelity. It was launched on Jan 24, 2021. PYELX is managed by Paydenfunds. It was launched on Nov 1, 2011.
Performance
FSEDX vs. PYELX - Performance Comparison
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FSEDX vs. PYELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FSEDX Fidelity Series Emerging Markets Debt Local Currency Fund | -2.63% | 19.49% | -2.54% | 13.58% | -7.94% | -9.28% | 3.54% |
PYELX Payden Emerging Markets Local Bond Fund | -3.61% | 19.79% | -3.48% | 13.16% | -11.28% | -7.83% | 4.54% |
Returns By Period
In the year-to-date period, FSEDX achieves a -2.63% return, which is significantly higher than PYELX's -3.61% return.
FSEDX
- 1D
- -0.22%
- 1M
- -6.00%
- YTD
- -2.63%
- 6M
- 0.78%
- 1Y
- 11.39%
- 3Y*
- 7.02%
- 5Y*
- 3.04%
- 10Y*
- —
PYELX
- 1D
- -0.42%
- 1M
- -7.08%
- YTD
- -3.61%
- 6M
- -0.34%
- 1Y
- 11.27%
- 3Y*
- 6.06%
- 5Y*
- 2.07%
- 10Y*
- 2.36%
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FSEDX vs. PYELX - Expense Ratio Comparison
FSEDX has a 0.00% expense ratio, which is lower than PYELX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FSEDX vs. PYELX — Risk / Return Rank
FSEDX
PYELX
FSEDX vs. PYELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and Payden Emerging Markets Local Bond Fund (PYELX). 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.
| FSEDX | PYELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 0.10 | +1.87 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.21 | +1.49 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.76 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 0.22 | +1.66 |
Martin ratioReturn relative to average drawdown | 8.62 | 3.20 | +5.42 |
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
| FSEDX | PYELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 0.10 | +1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.04 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.03 | +0.24 |
Correlation
The correlation between FSEDX and PYELX is 0.92, 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
FSEDX vs. PYELX - Dividend Comparison
FSEDX's dividend yield for the trailing twelve months is around 7.76%, more than PYELX's 7.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEDX Fidelity Series Emerging Markets Debt Local Currency Fund | 7.76% | 6.97% | 6.92% | 5.14% | 0.00% | 3.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PYELX Payden Emerging Markets Local Bond Fund | 7.53% | 7.32% | 7.08% | 5.38% | 5.93% | 5.36% | 4.69% | 5.46% | 6.67% | 6.15% | 5.44% | 5.26% |
Drawdowns
FSEDX vs. PYELX - Drawdown Comparison
The maximum FSEDX drawdown since its inception was -24.77%, smaller than the maximum PYELX drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FSEDX and PYELX.
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Drawdown Indicators
| FSEDX | PYELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -56.98% | +32.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -50.21% | +44.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -51.98% | +28.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.62% | — |
Current DrawdownCurrent decline from peak | -6.10% | -7.22% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -16.96% | +8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 3.52% | -2.18% |
Volatility
FSEDX vs. PYELX - Volatility Comparison
Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and Payden Emerging Markets Local Bond Fund (PYELX) have volatilities of 3.26% and 3.37%, 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
| FSEDX | PYELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.37% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 4.62% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 112.02% | -106.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 50.59% | -43.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 36.37% | -28.71% |