PELBX vs. EYLD

Last updated Jun 4, 2026

PELBX (PIMCO Emerging Markets Local Currency and Bond Fund) and EYLD (Cambria Emerging Shareholder Yield ETF) are both funds - PELBX is a Emerging Markets Bonds fund managed by PIMCO, while EYLD is a Emerging Markets Equities fund actively managed by Cambria. Over the past 5 years, PELBX returned 4.48%/yr vs 10.06%/yr for EYLD. A 0.51 correlation means they provide meaningful diversification when combined. PELBX charges 1.22%/yr vs 0.65%/yr for EYLD.

Performance

PELBX vs. EYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) and Cambria Emerging Shareholder Yield ETF (EYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PELBX achieves a 1.60% return, which is significantly lower than EYLD's 23.85% return.

PELBX

• 1D: 0.32%
• 1M: 1.87%
• YTD: 1.60%
• 6M: 2.99%
• 1Y: 13.12%
• 3Y*: 10.29%
• 5Y*: 4.48%
• 10Y*: 4.59%

EYLD

• 1D: -1.52%
• 1M: 6.52%
• YTD: 23.85%
• 6M: 25.44%
• 1Y: 45.30%
• 3Y*: 24.97%
• 5Y*: 10.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PELBX vs. EYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PELBX PIMCO Emerging Markets Local Currency and Bond Fund	1.60%	22.96%	-0.75%	15.11%	-7.36%	-8.13%	2.16%	17.23%	-7.49%	15.44%
EYLD Cambria Emerging Shareholder Yield ETF	23.85%	29.39%	4.72%	18.77%	-16.10%	11.44%	10.13%	22.00%	-13.74%	34.90%

Correlation

The correlation between PELBX and EYLD is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 15, 2016	0.51

The correlation between PELBX and EYLD has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.

Return for Risk

PELBX vs. EYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PELBX

PELBX Risk / Return Rank: 36
PELBX Sharpe Ratio Rank: 40
PELBX Sortino Ratio Rank: 42
PELBX Omega Ratio Rank: 48
PELBX Calmar Ratio Rank: 23
PELBX Martin Ratio Rank: 25

EYLD

EYLD Risk / Return Rank: 78
EYLD Sharpe Ratio Rank: 77
EYLD Sortino Ratio Rank: 73
EYLD Omega Ratio Rank: 76
EYLD Calmar Ratio Rank: 82
EYLD Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PELBX vs. EYLD - 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 Cambria Emerging Shareholder Yield ETF (EYLD). 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.

	PELBX	EYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.55	-0.72
Sortino ratio: Return per unit of downside risk	2.72	3.34	-0.61
Omega ratio: Gain probability vs. loss probability	1.38	1.46	-0.08
Calmar ratio: Return relative to maximum drawdown	1.78	4.33	-2.55
Martin ratio: Return relative to average drawdown	6.16	16.12	-9.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PELBX vs. EYLD - Sharpe Ratio Comparison

The current PELBX Sharpe Ratio is 1.83, which is comparable to the EYLD Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of PELBX and EYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PELBX	EYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.55	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.55	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.56	-0.17

Drawdowns

PELBX vs. EYLD - Drawdown Comparison

The maximum PELBX drawdown since its inception was -36.17%, smaller than the maximum EYLD drawdown of -41.82%. Use the drawdown chart below to compare losses from any high point for PELBX and EYLD.

Drawdown Indicators

	PELBX	EYLD	Difference
Max Drawdown Largest peak-to-trough decline	-36.17%	-41.82%	+5.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.33%	-10.52%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-8.49%	-20.89%	+12.40%
Max Drawdown (5Y) Largest decline over 5 years	-23.01%	-30.02%	+7.01%
Max Drawdown (10Y) Largest decline over 10 years	-24.89%	—	—
Current Drawdown Current decline from peak	-2.04%	-1.52%	-0.52%
Average Drawdown Average peak-to-trough decline	-11.23%	-10.29%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.82%	-0.71%

Volatility

PELBX vs. EYLD - Volatility Comparison

The current volatility for PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) is 2.41%, while Cambria Emerging Shareholder Yield ETF (EYLD) has a volatility of 7.68%. This indicates that PELBX experiences smaller price fluctuations and is considered to be less risky than EYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PELBX	EYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	7.68%	-5.27%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	14.94%	-8.83%
Volatility (1Y) Calculated over the trailing 1-year period	7.13%	17.83%	-10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.05%	18.28%	-10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.92%	21.68%	-12.76%

PELBX vs. EYLD - Expense Ratio Comparison

PELBX has a 1.22% expense ratio, which is higher than EYLD's 0.65% expense ratio.

Dividends

PELBX vs. EYLD - Dividend Comparison

PELBX's dividend yield for the trailing twelve months is around 7.05%, more than EYLD's 4.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EYLD Cambria Emerging Shareholder Yield ETF	4.89%	5.40%	5.16%	5.54%	6.97%	7.27%	3.02%	4.21%	7.87%	2.77%	0.75%	0.00%
PELBX PIMCO Emerging Markets Local Currency and Bond Fund	7.05%	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

Can I hold both PELBX and EYLD in my portfolio?

PELBX and EYLD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PELBX or EYLD?

EYLD has higher volatility (7.68%) compared to PELBX (2.41%). In terms of maximum drawdown, PELBX dropped -36.17% vs EYLD's -41.82%.

Which has better risk-adjusted returns?

EYLD currently has the higher Sharpe Ratio (2.55 vs 1.83), 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.