PYGFX vs. PELBX
Compare and contrast key facts about Payden Global Fixed Income Fund (PYGFX) and PIMCO Emerging Markets Local Currency and Bond Fund (PELBX).
PYGFX is managed by Paydenfunds. It was launched on Aug 31, 1992. PELBX is managed by PIMCO. It was launched on Dec 28, 2006.
Performance
PYGFX vs. PELBX - Performance Comparison
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PYGFX vs. PELBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYGFX Payden Global Fixed Income Fund | -0.69% | 5.20% | 3.90% | 7.34% | -12.37% | -0.89% | 5.92% | 8.61% | -0.26% | 4.11% |
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, PYGFX achieves a -0.69% return, which is significantly higher than PELBX's -3.25% return. Over the past 10 years, PYGFX has underperformed PELBX with an annualized return of 2.07%, while PELBX has yielded a comparatively higher 4.03% annualized return.
PYGFX
- 1D
- 0.26%
- 1M
- -2.16%
- YTD
- -0.69%
- 6M
- -0.10%
- 1Y
- 3.07%
- 3Y*
- 4.21%
- 5Y*
- 0.61%
- 10Y*
- 2.07%
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%
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PYGFX vs. PELBX - Expense Ratio Comparison
PYGFX has a 0.70% expense ratio, which is lower than PELBX's 1.22% expense ratio.
Return for Risk
PYGFX vs. PELBX — Risk / Return Rank
PYGFX
PELBX
PYGFX vs. PELBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Global Fixed Income Fund (PYGFX) 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.
| PYGFX | PELBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 2.05 | -1.19 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.81 | -1.65 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.92 | -0.87 |
Martin ratioReturn relative to average drawdown | 3.78 | 8.62 | -4.84 |
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
| PYGFX | PELBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.05 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.57 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.45 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.36 | +0.85 |
Correlation
The correlation between PYGFX and PELBX is 0.16, 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
PYGFX vs. PELBX - Dividend Comparison
PYGFX's dividend yield for the trailing twelve months is around 4.00%, less than PELBX's 6.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYGFX Payden Global Fixed Income Fund | 4.00% | 3.88% | 3.69% | 2.71% | 8.25% | 3.18% | 2.69% | 3.07% | 5.39% | 1.91% | 1.48% | 3.00% |
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
PYGFX vs. PELBX - Drawdown Comparison
The maximum PYGFX drawdown since its inception was -15.94%, smaller than the maximum PELBX drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for PYGFX and PELBX.
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Drawdown Indicators
| PYGFX | PELBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -36.17% | +20.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -7.33% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -23.01% | +7.07% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -24.89% | +8.95% |
Current DrawdownCurrent decline from peak | -2.54% | -6.72% | +4.18% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -11.30% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.63% | -0.75% |
Volatility
PYGFX vs. PELBX - Volatility Comparison
The current volatility for Payden Global Fixed Income Fund (PYGFX) is 1.47%, while PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) has a volatility of 3.46%. This indicates that PYGFX experiences smaller price fluctuations and is considered to be less risky than PELBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYGFX | PELBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 3.46% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 4.89% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 6.62% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 7.91% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 8.94% | -5.31% |