PYELX vs. DBELX
Compare and contrast key facts about Payden Emerging Markets Local Bond Fund (PYELX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX).
PYELX is managed by Paydenfunds. It was launched on Nov 1, 2011. DBELX is managed by DoubleLine. It was launched on Jun 27, 2019.
Performance
PYELX vs. DBELX - Performance Comparison
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PYELX vs. DBELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PYELX Payden Emerging Markets Local Bond Fund | -3.00% | 19.79% | -3.48% | 13.16% | -11.28% | -7.83% | 1.79% | 3.90% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | -3.02% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
Returns By Period
The year-to-date returns for both stocks are quite close, with PYELX having a -3.00% return and DBELX slightly lower at -3.02%.
PYELX
- 1D
- 0.63%
- 1M
- -5.30%
- YTD
- -3.00%
- 6M
- 0.18%
- 1Y
- 11.73%
- 3Y*
- 6.28%
- 5Y*
- 2.19%
- 10Y*
- 2.42%
DBELX
- 1D
- -0.11%
- 1M
- -5.95%
- YTD
- -3.02%
- 6M
- -0.06%
- 1Y
- 12.23%
- 3Y*
- 6.46%
- 5Y*
- 2.58%
- 10Y*
- —
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PYELX vs. DBELX - Expense Ratio Comparison
PYELX has a 0.09% expense ratio, which is lower than DBELX's 0.90% expense ratio.
Return for Risk
PYELX vs. DBELX — Risk / Return Rank
PYELX
DBELX
PYELX vs. DBELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Local Bond Fund (PYELX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). 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.
| PYELX | DBELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 1.87 | -1.76 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.51 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.77 | 1.37 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 1.81 | -1.56 |
Martin ratioReturn relative to average drawdown | 3.45 | 8.22 | -4.77 |
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
| PYELX | DBELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.87 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.37 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.19 | -0.16 |
Correlation
The correlation between PYELX and DBELX is 0.93, 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
PYELX vs. DBELX - Dividend Comparison
PYELX's dividend yield for the trailing twelve months is around 7.49%, more than DBELX's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYELX Payden Emerging Markets Local Bond Fund | 7.49% | 7.32% | 7.08% | 5.38% | 5.93% | 5.36% | 4.69% | 5.46% | 6.67% | 6.15% | 5.44% | 5.26% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 4.02% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PYELX vs. DBELX - Drawdown Comparison
The maximum PYELX drawdown since its inception was -56.98%, which is greater than DBELX's maximum drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for PYELX and DBELX.
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Drawdown Indicators
| PYELX | DBELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -21.95% | -35.03% |
Max Drawdown (1Y)Largest decline over 1 year | -50.21% | -6.99% | -43.22% |
Max Drawdown (5Y)Largest decline over 5 years | -51.98% | -19.87% | -32.11% |
Max Drawdown (10Y)Largest decline over 10 years | -52.62% | — | — |
Current DrawdownCurrent decline from peak | -6.64% | -6.99% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -7.33% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 1.53% | +2.01% |
Volatility
PYELX vs. DBELX - Volatility Comparison
The current volatility for Payden Emerging Markets Local Bond Fund (PYELX) is 3.36%, while DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a volatility of 3.96%. This indicates that PYELX experiences smaller price fluctuations and is considered to be less risky than DBELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYELX | DBELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.96% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 5.24% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.80% | 6.64% | +105.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.59% | 6.98% | +43.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.37% | 7.39% | +28.98% |