PYEMX vs. SHEL
PYEMX (Payden Emerging Markets Bond Fund) is Emerging Markets Bonds fund managed by Paydenfunds, while SHEL (Shell plc) is a stock. Over the past 10 years, PYEMX returned 4.41%/yr vs 9.09%/yr for SHEL. At a 0.19 correlation, their price movements are largely independent.
Performance
PYEMX vs. SHEL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PYEMX achieves a 3.33% return, which is significantly lower than SHEL's 10.21% return. Over the past 10 years, PYEMX has underperformed SHEL with an annualized return of 4.41%, while SHEL has yielded a comparatively higher 9.09% annualized return.
PYEMX
- 1D
- -0.09%
- 1M
- 2.12%
- YTD
- 3.33%
- 6M
- 3.82%
- 1Y
- 14.28%
- 3Y*
- 11.48%
- 5Y*
- 3.17%
- 10Y*
- 4.41%
SHEL
- 1D
- -0.19%
- 1M
- -7.23%
- YTD
- 10.21%
- 6M
- 10.83%
- 1Y
- 16.55%
- 3Y*
- 14.58%
- 5Y*
- 19.23%
- 10Y*
- 9.09%
PYEMX vs. SHEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYEMX Payden Emerging Markets Bond Fund | 3.33% | 15.27% | 7.93% | 12.35% | -17.39% | -2.37% | 6.16% | 16.40% | -7.03% | 12.00% |
SHEL Shell plc | 10.21% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
Correlation
The correlation between PYEMX and SHEL is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2005 | 0.19 |
The correlation between PYEMX and SHEL shifts across timeframes, from -0.13 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PYEMX vs. SHEL — Risk / Return Rank
PYEMX
SHEL
PYEMX vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Emerging Markets Bond Fund (PYEMX) and Shell plc (SHEL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PYEMX | SHEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.15 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.07 | +2.04 |
| Martin ratioReturn relative to average drawdown | 12.87 | 3.70 | +9.17 |
Loading charts...
Drawdowns
PYEMX vs. SHEL - Drawdown Comparison
The maximum PYEMX drawdown since its inception was -30.26%, smaller than the maximum SHEL drawdown of -71.57%. Use the drawdown chart below to compare losses from any high point for PYEMX and SHEL.
Loading charts...
Drawdown Indicators
| PYEMX | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.26% | -71.57% | +41.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -15.53% | +10.85% |
Max Drawdown (3Y)Largest decline over 3 years | -7.08% | -18.47% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -25.04% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -30.26% | -71.57% | +41.31% |
Current DrawdownCurrent decline from peak | -0.35% | -14.78% | +14.43% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -16.73% | +12.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 4.49% | -3.36% |
Volatility
PYEMX vs. SHEL - Volatility Comparison
The current volatility for Payden Emerging Markets Bond Fund (PYEMX) is 1.31%, while Shell plc (SHEL) has a volatility of 6.14%. This indicates that PYEMX experiences smaller price fluctuations and is considered to be less risky than SHEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PYEMX | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 6.14% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 17.89% | -14.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 21.39% | -16.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 25.09% | -18.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 30.69% | -24.07% |
Dividends
PYEMX vs. SHEL - Dividend Comparison
PYEMX's dividend yield for the trailing twelve months is around 6.60%, more than SHEL's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYEMX Payden Emerging Markets Bond Fund | 6.60% | 6.61% | 7.36% | 6.10% | 7.80% | 5.73% | 4.66% | 5.46% | 6.18% | 5.40% | 5.60% | 5.25% |
SHEL Shell plc | 3.72% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Frequently Asked Questions
PYEMX and SHEL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHEL has higher volatility (6.14%) compared to PYEMX (1.31%). In terms of maximum drawdown, PYEMX dropped -30.26% vs SHEL's -71.57%.
PYEMX currently has the higher Sharpe Ratio (3.22 vs 0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PYEMX and SHEL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer