PYELX vs. VEMBX
Compare and contrast key facts about Payden Emerging Markets Local Bond Fund (PYELX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX).
PYELX is managed by Paydenfunds. It was launched on Nov 1, 2011. VEMBX is managed by Vanguard. It was launched on Mar 10, 2016.
Performance
PYELX vs. VEMBX - Performance Comparison
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PYELX vs. VEMBX - 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% | 15.91% |
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | -1.40% | 14.32% | 7.38% | 13.66% | -13.18% | -1.53% | 14.99% | 17.72% | -0.89% | 13.12% |
Returns By Period
In the year-to-date period, PYELX achieves a -3.00% return, which is significantly lower than VEMBX's -1.40% 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%
VEMBX
- 1D
- 0.48%
- 1M
- -2.88%
- YTD
- -1.40%
- 6M
- 1.85%
- 1Y
- 9.48%
- 3Y*
- 10.29%
- 5Y*
- 4.09%
- 10Y*
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PYELX vs. VEMBX - Expense Ratio Comparison
PYELX has a 0.09% expense ratio, which is lower than VEMBX's 0.55% expense ratio.
Return for Risk
PYELX vs. VEMBX — Risk / Return Rank
PYELX
VEMBX
PYELX vs. VEMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Local Bond Fund (PYELX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX). 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 | VEMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 1.96 | -1.86 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.83 | -1.61 |
Omega ratioGain probability vs. loss probability | 1.77 | 1.41 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 2.33 | -2.09 |
Martin ratioReturn relative to average drawdown | 3.45 | 10.49 | -7.04 |
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 | VEMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.96 | -1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.65 | -0.61 |
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 | 1.02 | -0.99 |
Correlation
The correlation between PYELX and VEMBX is 0.54, 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. VEMBX - Dividend Comparison
PYELX's dividend yield for the trailing twelve months is around 7.49%, more than VEMBX's 5.66% 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% |
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | 5.66% | 6.20% | 6.86% | 7.06% | 5.43% | 5.00% | 4.50% | 6.27% | 4.81% | 6.50% | 0.00% | 0.00% |
Drawdowns
PYELX vs. VEMBX - Drawdown Comparison
The maximum PYELX drawdown since its inception was -56.98%, which is greater than VEMBX's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for PYELX and VEMBX.
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Drawdown Indicators
| PYELX | VEMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -24.36% | -32.62% |
Max Drawdown (1Y)Largest decline over 1 year | -50.21% | -4.16% | -46.05% |
Max Drawdown (5Y)Largest decline over 5 years | -51.98% | -24.36% | -27.62% |
Max Drawdown (10Y)Largest decline over 10 years | -52.62% | — | — |
Current DrawdownCurrent decline from peak | -6.64% | -3.30% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -3.93% | -13.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 0.95% | +2.59% |
Volatility
PYELX vs. VEMBX - Volatility Comparison
Payden Emerging Markets Local Bond Fund (PYELX) has a higher volatility of 3.36% compared to Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) at 2.13%. This indicates that PYELX's price experiences larger fluctuations and is considered to be riskier than VEMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYELX | VEMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.13% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 2.90% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.80% | 5.07% | +106.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.59% | 6.29% | +44.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.37% | 6.37% | +30.00% |