PYELX vs. PELBX
Compare and contrast key facts about Payden Emerging Markets Local Bond Fund (PYELX) and PIMCO Emerging Markets Local Currency and Bond Fund (PELBX).
PYELX is managed by Paydenfunds. It was launched on Nov 1, 2011. PELBX is managed by PIMCO. It was launched on Dec 28, 2006.
Performance
PYELX vs. PELBX - Performance Comparison
Loading graphics...
PYELX vs. PELBX - 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% |
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | -3.25% | 22.96% | -0.75% | 15.11% | -7.36% | -8.13% | 2.16% | 17.23% | -7.49% | 15.44% |
Returns By Period
In the year-to-date period, PYELX achieves a -3.00% return, which is significantly higher than PELBX's -3.25% return. Over the past 10 years, PYELX has underperformed PELBX with an annualized return of 2.42%, while PELBX has yielded a comparatively higher 4.03% 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%
PELBX
- 1D
- 0.66%
- 1M
- -5.56%
- YTD
- -3.25%
- 6M
- 0.83%
- 1Y
- 13.36%
- 3Y*
- 8.77%
- 5Y*
- 4.46%
- 10Y*
- 4.03%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PYELX vs. PELBX - Expense Ratio Comparison
PYELX has a 0.09% expense ratio, which is lower than PELBX's 1.22% expense ratio.
Return for Risk
PYELX vs. PELBX — Risk / Return Rank
PYELX
PELBX
PYELX vs. PELBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Local Bond Fund (PYELX) and PIMCO Emerging Markets Local Currency and Bond Fund (PELBX). 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 | PELBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 2.05 | -1.94 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.81 | -1.59 |
Omega ratioGain probability vs. loss probability | 1.77 | 1.41 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 1.92 | -1.67 |
Martin ratioReturn relative to average drawdown | 3.45 | 8.62 | -5.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PYELX | PELBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 2.05 | -1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.57 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.45 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.36 | -0.33 |
Correlation
The correlation between PYELX and PELBX is 0.91, 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. PELBX - Dividend Comparison
PYELX's dividend yield for the trailing twelve months is around 7.49%, more than PELBX's 6.57% 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% |
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | 6.57% | 6.71% | 7.08% | 4.81% | 3.24% | 4.87% | 4.87% | 6.14% | 6.88% | 5.84% | 5.69% | 5.51% |
Drawdowns
PYELX vs. PELBX - Drawdown Comparison
The maximum PYELX drawdown since its inception was -56.98%, which is greater than PELBX's maximum drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for PYELX and PELBX.
Loading graphics...
Drawdown Indicators
| PYELX | PELBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -36.17% | -20.81% |
Max Drawdown (1Y)Largest decline over 1 year | -50.21% | -7.33% | -42.88% |
Max Drawdown (5Y)Largest decline over 5 years | -51.98% | -23.01% | -28.97% |
Max Drawdown (10Y)Largest decline over 10 years | -52.62% | -24.89% | -27.73% |
Current DrawdownCurrent decline from peak | -6.64% | -6.72% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -11.30% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 1.63% | +1.91% |
Volatility
PYELX vs. PELBX - Volatility Comparison
Payden Emerging Markets Local Bond Fund (PYELX) and PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) have volatilities of 3.36% and 3.46%, 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.
Loading graphics...
Volatility by Period
| PYELX | PELBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.46% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 4.89% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.80% | 6.62% | +105.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.59% | 7.91% | +42.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.37% | 8.94% | +27.43% |