PYCEX vs. PEMIX
Compare and contrast key facts about Payden Emerging Markets Corporate Bond Fund (PYCEX) and PIMCO Emerging Markets Corporate Bond Fund (PEMIX).
PYCEX is managed by Paydenfunds. It was launched on Nov 10, 2013. PEMIX is managed by PIMCO. It was launched on Jun 30, 2009.
Performance
PYCEX vs. PEMIX - Performance Comparison
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PYCEX vs. PEMIX - 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% |
PEMIX PIMCO Emerging Markets Corporate Bond Fund | -1.90% | 9.97% | 6.32% | 6.03% | -14.12% | -0.72% | 5.78% | 11.87% | -0.64% | 9.03% |
Returns By Period
In the year-to-date period, PYCEX achieves a -0.77% return, which is significantly higher than PEMIX's -1.90% return. Over the past 10 years, PYCEX has outperformed PEMIX with an annualized return of 4.18%, while PEMIX has yielded a comparatively lower 3.73% 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%
PEMIX
- 1D
- 0.11%
- 1M
- -3.20%
- YTD
- -1.90%
- 6M
- -0.51%
- 1Y
- 4.78%
- 3Y*
- 6.04%
- 5Y*
- 0.95%
- 10Y*
- 3.73%
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PYCEX vs. PEMIX - Expense Ratio Comparison
PYCEX has a 0.65% expense ratio, which is lower than PEMIX's 0.90% expense ratio.
Return for Risk
PYCEX vs. PEMIX — Risk / Return Rank
PYCEX
PEMIX
PYCEX vs. PEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Corporate Bond Fund (PYCEX) and PIMCO Emerging Markets Corporate Bond Fund (PEMIX). 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 | PEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.54 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.42 | 2.19 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.57 | +0.07 |
Martin ratioReturn relative to average drawdown | 6.88 | 5.87 | +1.01 |
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 | PEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.54 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.25 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 0.99 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 1.09 | +0.09 |
Correlation
The correlation between PYCEX and PEMIX is 0.72, 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. PEMIX - Dividend Comparison
PYCEX's dividend yield for the trailing twelve months is around 6.44%, more than PEMIX's 5.99% 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% |
PEMIX PIMCO Emerging Markets Corporate Bond Fund | 5.99% | 6.15% | 5.45% | 4.08% | 3.02% | 3.41% | 3.78% | 4.55% | 4.99% | 4.33% | 4.62% | 5.32% |
Drawdowns
PYCEX vs. PEMIX - Drawdown Comparison
The maximum PYCEX drawdown since its inception was -20.12%, smaller than the maximum PEMIX drawdown of -23.38%. Use the drawdown chart below to compare losses from any high point for PYCEX and PEMIX.
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Drawdown Indicators
| PYCEX | PEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -23.38% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -3.37% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -23.38% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -20.12% | -23.38% | +3.26% |
Current DrawdownCurrent decline from peak | -2.31% | -3.20% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -4.27% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.90% | -0.19% |
Volatility
PYCEX vs. PEMIX - Volatility Comparison
The current volatility for Payden Emerging Markets Corporate Bond Fund (PYCEX) is 0.80%, while PIMCO Emerging Markets Corporate Bond Fund (PEMIX) has a volatility of 0.98%. This indicates that PYCEX experiences smaller price fluctuations and is considered to be less risky than PEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYCEX | PEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.98% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 2.00% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 3.48% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.20% | 3.76% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 3.78% | -0.21% |