PYCEX vs. DEDIX
Compare and contrast key facts about Payden Emerging Markets Corporate Bond Fund (PYCEX) and Delaware Emerging Markets Debt Corporate Fund (DEDIX).
PYCEX is managed by Paydenfunds. It was launched on Nov 10, 2013. DEDIX is managed by Delaware Funds. It was launched on Sep 29, 2013.
Performance
PYCEX vs. DEDIX - Performance Comparison
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PYCEX vs. DEDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DEDIX Delaware Emerging Markets Debt Corporate Fund | -1.29% | 9.51% | 7.90% | 8.72% | -10.60% | 0.56% | 6.81% | 15.91% | -4.69% | 12.40% |
Returns By Period
In the year-to-date period, PYCEX achieves a -0.77% return, which is significantly higher than DEDIX's -1.29% return. Over the past 10 years, PYCEX has underperformed DEDIX with an annualized return of 4.18%, while DEDIX has yielded a comparatively higher 4.86% annualized return.
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%
DEDIX
- 1D
- 0.00%
- 1M
- -2.34%
- YTD
- -1.29%
- 6M
- 0.09%
- 1Y
- 5.85%
- 3Y*
- 7.65%
- 5Y*
- 2.93%
- 10Y*
- 4.86%
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PYCEX vs. DEDIX - Expense Ratio Comparison
PYCEX has a 0.65% expense ratio, which is lower than DEDIX's 0.79% expense ratio.
Return for Risk
PYCEX vs. DEDIX — Risk / Return Rank
PYCEX
DEDIX
PYCEX vs. DEDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Corporate Bond Fund (PYCEX) and Delaware Emerging Markets Debt Corporate Fund (DEDIX). 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.
| PYCEX | DEDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 2.15 | -0.28 |
Sortino ratioReturn per unit of downside risk | 2.42 | 2.77 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.56 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.95 | -0.31 |
Martin ratioReturn relative to average drawdown | 6.88 | 8.08 | -1.20 |
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
| PYCEX | DEDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.15 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.89 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 1.20 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 1.11 | +0.07 |
Correlation
The correlation between PYCEX and DEDIX is 0.77, 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
PYCEX vs. DEDIX - Dividend Comparison
PYCEX's dividend yield for the trailing twelve months is around 6.44%, more than DEDIX's 5.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DEDIX Delaware Emerging Markets Debt Corporate Fund | 5.78% | 5.76% | 6.69% | 5.40% | 4.96% | 4.42% | 4.38% | 4.31% | 5.59% | 6.04% | 4.02% | 3.54% |
Drawdowns
PYCEX vs. DEDIX - Drawdown Comparison
The maximum PYCEX drawdown since its inception was -20.12%, roughly equal to the maximum DEDIX drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for PYCEX and DEDIX.
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Drawdown Indicators
| PYCEX | DEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -20.06% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -3.00% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -20.06% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -20.12% | -20.06% | -0.06% |
Current DrawdownCurrent decline from peak | -2.31% | -2.46% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -3.44% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.72% | -0.01% |
Volatility
PYCEX vs. DEDIX - Volatility Comparison
Payden Emerging Markets Corporate Bond Fund (PYCEX) and Delaware Emerging Markets Debt Corporate Fund (DEDIX) have volatilities of 0.80% and 0.77%, 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
| PYCEX | DEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.77% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 1.36% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 2.74% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.20% | 3.33% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 4.06% | -0.49% |