PELBX vs. EEIAX
PELBX (PIMCO Emerging Markets Local Currency and Bond Fund) and EEIAX (Eaton Vance Emerging Markets Local Income Fund) are both Emerging Markets Bonds funds. Over the past 10 years, PELBX returned 4.15%/yr vs 4.69%/yr for EEIAX. Their correlation of 0.91 means they have usually moved in the same direction. PELBX charges 1.22%/yr vs 1.19%/yr for EEIAX.
Performance
PELBX vs. EEIAX - Performance Comparison
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Returns By Period
In the year-to-date period, PELBX achieves a 1.68% return, which is significantly lower than EEIAX's 4.98% return. Over the past 10 years, PELBX has underperformed EEIAX with an annualized return of 4.15%, while EEIAX has yielded a comparatively higher 4.69% annualized return.
PELBX
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- -0.68%
- YTD
- 1.68%
- 1Y
- 10.29%
- 3Y*
- 8.68%
- 5Y*
- 4.89%
- 10Y*
- 4.15%
- ALL TIME*
- 3.72%
EEIAX
- 1D
- 0.00%
- 1M
- -0.37%
- 6M
- 1.69%
- YTD
- 4.98%
- 1Y
- 15.41%
- 3Y*
- 9.27%
- 5Y*
- 4.35%
- 10Y*
- 4.69%
- ALL TIME*
- 4.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PELBX vs. EEIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | 1.68% | 22.96% | -0.75% | 15.11% | -7.36% | -8.13% | 2.16% | 17.23% | -7.49% | 15.44% |
EEIAX Eaton Vance Emerging Markets Local Income Fund | 4.98% | 23.43% | -1.23% | 13.63% | -11.99% | -7.64% | 4.68% | 22.66% | -8.38% | 16.10% |
Correlation
The correlation between PELBX and EEIAX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.91 |
The correlation between PELBX and EEIAX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
PELBX vs. EEIAX — Risk / Return Rank
PELBX
EEIAX
PELBX vs. EEIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) and Eaton Vance Emerging Markets Local Income Fund (EEIAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PELBX | EEIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.23 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.73 | 7.93 | -3.19 |
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Drawdowns
PELBX vs. EEIAX - Drawdown Comparison
The maximum PELBX drawdown since its inception was -36.17%, which is greater than EEIAX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for PELBX and EEIAX.
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Drawdown Indicators
| PELBX | EEIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -31.70% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -7.40% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.33% | -8.40% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -25.94% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -24.89% | -28.43% | +3.54% |
Current DrawdownCurrent decline from peak | -1.97% | -0.94% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -8.85% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.08% | +0.22% |
Volatility
PELBX vs. EEIAX - Volatility Comparison
PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) and Eaton Vance Emerging Markets Local Income Fund (EEIAX) have volatilities of 1.95% and 2.03%, 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
| PELBX | EEIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 2.03% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 6.57% | 6.56% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.41% | 7.46% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 8.23% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 8.36% | +0.43% |
PELBX vs. EEIAX - Expense Ratio Comparison
PELBX has a 1.22% expense ratio, which is higher than EEIAX's 1.19% expense ratio.
Dividends
PELBX vs. EEIAX - Dividend Comparison
PELBX's dividend yield for the trailing twelve months is around 6.56%, less than EEIAX's 10.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEIAX Eaton Vance Emerging Markets Local Income Fund | 10.02% | 8.48% | 11.19% | 11.34% | 13.39% | 11.14% | 9.77% | 13.03% | 10.48% | 8.74% | 10.80% | 11.65% |
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | 6.56% | 6.71% | 7.08% | 4.81% | 3.24% | 4.87% | 4.87% | 6.14% | 6.88% | 5.84% | 5.69% | 5.51% |
Frequently Asked Questions
PELBX and EEIAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEIAX has higher volatility (2.03%) compared to PELBX (1.95%). In terms of maximum drawdown, PELBX dropped -36.17% vs EEIAX's -31.70%.
EEIAX currently has the higher Sharpe Ratio (2.22 vs 1.48), 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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