PYELX vs. ESDIX

Last updated Apr 2, 2026

Compare and contrast key facts about Payden Emerging Markets Local Bond Fund (PYELX) and Ashmore Emerging Markets Short Duration Select Fund (ESDIX).

PYELX is managed by Paydenfunds. It was launched on Nov 1, 2011. ESDIX is managed by Ashmore. It was launched on Jun 14, 2020.

Performance

PYELX vs. ESDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Payden Emerging Markets Local Bond Fund (PYELX) and Ashmore Emerging Markets Short Duration Select Fund (ESDIX). The values are adjusted to include any dividend payments, if applicable.

PYELX vs. ESDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PYELX Payden Emerging Markets Local Bond Fund	-3.00%	19.79%	-3.48%	13.16%	-11.28%	-7.83%	10.20%
ESDIX Ashmore Emerging Markets Short Duration Select Fund	0.00%	1.54%	6.15%	5.31%	-9.66%	-4.21%	4.12%

Returns By Period

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%

ESDIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PYELX vs. ESDIX - Expense Ratio Comparison

PYELX has a 0.09% expense ratio, which is lower than ESDIX's 0.67% expense ratio.

ESDIX

Ashmore Emerging Markets Short Duration Select Fund

PYELX

Payden Emerging Markets Local Bond Fund

Return for Risk

PYELX vs. ESDIX — Risk / Return Rank

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

PYELX

PYELX Risk / Return Rank: 34
PYELX Sharpe Ratio Rank: 6
PYELX Sortino Ratio Rank: 32
PYELX Omega Ratio Rank: 98
PYELX Calmar Ratio Rank: 8
PYELX Martin Ratio Rank: 27

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.

PYELX vs. ESDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Local Bond Fund (PYELX) and Ashmore Emerging Markets Short Duration Select Fund (ESDIX). 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	ESDIX	Difference
Sharpe ratio Return per unit of total volatility	0.11	—	—
Sortino ratio Return per unit of downside risk	1.22	—	—
Omega ratio Gain probability vs. loss probability	1.77	—	—
Calmar ratio Return relative to maximum drawdown	0.24	—	—
Martin ratio Return relative to average drawdown	3.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PYELX	ESDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
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	—	—

Correlation

The correlation between PYELX and ESDIX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PYELX vs. ESDIX - Dividend Comparison

PYELX's dividend yield for the trailing twelve months is around 7.49%, while ESDIX has not paid dividends to shareholders.

	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%
ESDIX Ashmore Emerging Markets Short Duration Select Fund	0.00%	0.39%	4.79%	3.39%	2.50%	2.60%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	PYELX	ESDIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.98%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-50.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.62%	—	—
Current Drawdown Current decline from peak	-6.64%	—	—
Average Drawdown Average peak-to-trough decline	-16.96%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	—	—

Volatility

Volatility by Period

	PYELX	ESDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	111.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.59%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.37%	—	—