PELAX vs. EIDOX
PELAX (PIMCO Emerging Markets Local Currency and Bond Fund Class A) and EIDOX (Eaton Vance Emerging Markets Debt Opportunities Fund Class I) are both Emerging Markets Bonds funds. PELAX is actively managed, while EIDOX is passively managed. Over the past 10 years, PELAX returned 4.27%/yr vs 7.93%/yr for EIDOX. A 0.56 correlation means they provide meaningful diversification when combined. PELAX charges 2.00%/yr vs 0.79%/yr for EIDOX.
Performance
PELAX vs. EIDOX - Performance Comparison
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Returns By Period
In the year-to-date period, PELAX achieves a 1.43% return, which is significantly lower than EIDOX's 6.75% return. Over the past 10 years, PELAX has underperformed EIDOX with an annualized return of 4.27%, while EIDOX has yielded a comparatively higher 7.93% annualized return.
PELAX
- 1D
- 0.32%
- 1M
- 1.84%
- YTD
- 1.43%
- 6M
- 2.79%
- 1Y
- 12.67%
- 3Y*
- 10.03%
- 5Y*
- 4.19%
- 10Y*
- 4.27%
EIDOX
- 1D
- 0.12%
- 1M
- 1.01%
- YTD
- 6.75%
- 6M
- 8.10%
- 1Y
- 19.03%
- 3Y*
- 15.06%
- 5Y*
- 8.01%
- 10Y*
- 7.93%
PELAX vs. EIDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PELAX PIMCO Emerging Markets Local Currency and Bond Fund Class A | 1.43% | 22.47% | -1.15% | 15.23% | -7.64% | -8.12% | 1.76% | 16.76% | -7.87% | 14.98% |
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 6.75% | 15.59% | 14.78% | 11.40% | -6.25% | 1.52% | 7.39% | 18.25% | -4.28% | 12.97% |
Correlation
The correlation between PELAX and EIDOX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.56 |
The correlation between PELAX and EIDOX shifts across timeframes, from 0.45 (3 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PELAX vs. EIDOX — Risk / Return Rank
PELAX
EIDOX
PELAX vs. EIDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Local Currency and Bond Fund Class A (PELAX) and Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX). 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.
| PELAX | EIDOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.93 | ||
| Sortino ratioReturn per unit of downside risk | -6.19 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.58 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 5.41 | -3.69 |
| Martin ratioReturn relative to average drawdown | 5.90 | 21.93 | -16.03 |
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
| PELAX | EIDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 5.71 | -3.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.74 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 1.68 | -1.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.73 | -1.48 |
Drawdowns
PELAX vs. EIDOX - Drawdown Comparison
The maximum PELAX drawdown since its inception was -36.92%, which is greater than EIDOX's maximum drawdown of -19.06%. Use the drawdown chart below to compare losses from any high point for PELAX and EIDOX.
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Drawdown Indicators
| PELAX | EIDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.92% | -19.06% | -17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -3.56% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -8.55% | -3.97% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -17.42% | -5.92% |
Max Drawdown (10Y)Largest decline over 10 years | -24.94% | -19.06% | -5.88% |
Current DrawdownCurrent decline from peak | -2.14% | 0.00% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -13.28% | -2.47% | -10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.88% | +1.24% |
Volatility
PELAX vs. EIDOX - Volatility Comparison
PIMCO Emerging Markets Local Currency and Bond Fund Class A (PELAX) has a higher volatility of 2.40% compared to Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) at 0.68%. This indicates that PELAX's price experiences larger fluctuations and is considered to be riskier than EIDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PELAX | EIDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 0.68% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 2.99% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.09% | 3.38% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 4.64% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 4.74% | +4.16% |
PELAX vs. EIDOX - Expense Ratio Comparison
PELAX has a 2.00% expense ratio, which is higher than EIDOX's 0.79% expense ratio.
Dividends
PELAX vs. EIDOX - Dividend Comparison
PELAX's dividend yield for the trailing twelve months is around 6.66%, less than EIDOX's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 10.71% | 9.41% | 8.52% | 8.97% | 9.13% | 7.82% | 7.66% | 7.81% | 8.10% | 7.85% | 4.10% | 0.00% |
PELAX PIMCO Emerging Markets Local Currency and Bond Fund Class A | 6.66% | 6.33% | 6.67% | 4.89% | 2.93% | 4.92% | 4.50% | 5.76% | 6.44% | 5.45% | 5.24% | 4.99% |
Frequently Asked Questions
PELAX and EIDOX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PELAX has higher volatility (2.40%) compared to EIDOX (0.68%). In terms of maximum drawdown, PELAX dropped -36.92% vs EIDOX's -19.06%.
EIDOX currently has the higher Sharpe Ratio (5.71 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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