PYELX vs. DBLEX
Compare and contrast key facts about Payden Emerging Markets Local Bond Fund (PYELX) and DoubleLine Emerging Markets Fixed Income Fund (DBLEX).
PYELX is managed by Paydenfunds. It was launched on Nov 1, 2011. DBLEX is managed by DoubleLine. It was launched on Apr 5, 2010.
Performance
PYELX vs. DBLEX - Performance Comparison
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PYELX vs. DBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYELX Payden Emerging Markets Local Bond Fund | -3.00% | 19.79% | -3.48% | 13.16% | -11.28% | -7.83% | 1.79% | 13.92% | -8.16% | 15.38% |
DBLEX DoubleLine Emerging Markets Fixed Income Fund | -1.32% | 8.39% | 8.20% | 9.64% | -15.30% | 1.97% | 4.85% | 11.80% | -3.20% | 8.48% |
Returns By Period
In the year-to-date period, PYELX achieves a -3.00% return, which is significantly lower than DBLEX's -1.32% return. Over the past 10 years, PYELX has underperformed DBLEX with an annualized return of 2.42%, while DBLEX has yielded a comparatively higher 3.98% annualized return.
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%
DBLEX
- 1D
- -0.33%
- 1M
- -1.98%
- YTD
- -1.32%
- 6M
- -1.26%
- 1Y
- 4.01%
- 3Y*
- 7.69%
- 5Y*
- 1.75%
- 10Y*
- 3.98%
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PYELX vs. DBLEX - Expense Ratio Comparison
PYELX has a 0.09% expense ratio, which is lower than DBLEX's 0.90% expense ratio.
Return for Risk
PYELX vs. DBLEX — Risk / Return Rank
PYELX
DBLEX
PYELX vs. DBLEX - 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 Fixed Income Fund (DBLEX). 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 | DBLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 1.62 | -1.51 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.08 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.77 | 1.37 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 1.50 | -1.25 |
Martin ratioReturn relative to average drawdown | 3.45 | 6.46 | -3.01 |
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
| PYELX | DBLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.62 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.39 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.86 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.97 | -0.94 |
Correlation
The correlation between PYELX and DBLEX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PYELX vs. DBLEX - Dividend Comparison
PYELX's dividend yield for the trailing twelve months is around 7.49%, more than DBLEX's 5.14% 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% |
DBLEX DoubleLine Emerging Markets Fixed Income Fund | 5.14% | 5.59% | 5.97% | 5.54% | 4.77% | 4.00% | 4.37% | 4.57% | 3.83% | 4.33% | 4.54% | 5.21% |
Drawdowns
PYELX vs. DBLEX - Drawdown Comparison
The maximum PYELX drawdown since its inception was -56.98%, which is greater than DBLEX's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for PYELX and DBLEX.
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Drawdown Indicators
| PYELX | DBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -25.43% | -31.55% |
Max Drawdown (1Y)Largest decline over 1 year | -50.21% | -2.77% | -47.44% |
Max Drawdown (5Y)Largest decline over 5 years | -51.98% | -25.43% | -26.55% |
Max Drawdown (10Y)Largest decline over 10 years | -52.62% | -25.43% | -27.19% |
Current DrawdownCurrent decline from peak | -6.64% | -2.14% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -3.52% | -13.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 0.64% | +2.90% |
Volatility
PYELX vs. DBLEX - Volatility Comparison
Payden Emerging Markets Local Bond Fund (PYELX) has a higher volatility of 3.36% compared to DoubleLine Emerging Markets Fixed Income Fund (DBLEX) at 0.71%. This indicates that PYELX's price experiences larger fluctuations and is considered to be riskier than DBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYELX | DBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 0.71% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 1.46% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.80% | 2.63% | +109.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.59% | 4.53% | +46.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.37% | 4.66% | +31.71% |