Invesco Emerging Markets Sovereign Debt ETF (PCY) belongs to the Emerging Markets Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PCY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PCY
PCY charges 0.50% annually. There are 12 ETFs in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Emerging Markets Government Bond ETF | 0.15% | 6.60B | May 2013 | PCY vs VWOB | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | 0.18% | 42.42M | Feb 2023 | PCY vs BEMB | |
| SPDR Bloomberg Emerging Markets USD Bond ETF | 0.23% | 279.36M | Apr 2021 | PCY vs EMHC | |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | 0.29% | 948.98M | Jun 2022 | PCY vs XEMD | |
| VanEck J.P. Morgan EM Local Currency Bond ETF | 0.30% | 4.80B | Jul 2010 | PCY vs EMLC |
Best Risk-Adjusted Alternatives to PCY
PCY has a PortfoliosLab risk / return rank of 58. There are 14 ETFs in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets High Yield Bo... | 93 | 47.30M | Dec 2022 | PCY vs VEMY | |
| VanEck Vectors ChinaAMC China Bond ETF | 93 | 23.74M | Nov 2014 | PCY vs CBON | |
| Simplify Gamma Emerging Market Bond ETF | 88 | 41.07M | Aug 2024 | PCY vs GAEM | |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | 84 | 948.98M | Jun 2022 | PCY vs XEMD | |
| KraneShares Asia Pacific High Income Bond ETF | 81 | 15.67M | Jun 2018 | PCY vs KHYB |
Top Performing PCY Alternatives (YTD)
PCY is at 1.41% YTD. There are 19 ETFs in the Emerging Markets Bonds category with higher YTD returns, going as high as 6.41%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets High Yield Bo... | 6.41% | 47.30M | Dec 2022 | PCY vs VEMY | |
| VanEck Vectors ChinaAMC China Bond ETF | 5.20% | 23.74M | Nov 2014 | PCY vs CBON | |
| Simplify Gamma Emerging Market Bond ETF | 3.89% | 41.07M | Aug 2024 | PCY vs GAEM | |
| Neuberger Berman Emerging Markets Debt Hard Curren... | 3.89% | 134.51M | Sep 2013 | PCY vs NEMD | |
| iShares Emerging Markets Bond Active ETF | 3.40% | 38.40M | Oct 2025 | PCY vs BREM |
Lowest Volatility Alternatives to PCY
PCY has 7.34% 1-year volatility. There are 23 ETFs in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 2.27%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR DoubleLine Emerging Markets Fixed Income ETF | 2.27% | 68.17M | Apr 2016 | PCY vs EMTL | |
| KraneShares Asia Pacific High Income Bond ETF | 3.45% | 15.67M | Jun 2018 | PCY vs KHYB | |
| VanEck Vectors ChinaAMC China Bond ETF | 3.52% | 23.74M | Nov 2014 | PCY vs CBON | |
| WisdomTree Emerging Markets Corporate Bond Fund | 3.65% | 99.31M | Mar 2012 | PCY vs EMCB | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | 4.31% | 42.42M | Feb 2023 | PCY vs BEMB |
Lowest Drawdown Alternatives to PCY
PCY has a 1-year max drawdown of -5.91%. There are 17 ETFs in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -1.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors ChinaAMC China Bond ETF | -1.34% | 23.74M | Nov 2014 | PCY vs CBON | |
| SPDR DoubleLine Emerging Markets Fixed Income ETF | -2.00% | 68.17M | Apr 2016 | PCY vs EMTL | |
| WisdomTree Emerging Markets Corporate Bond Fund | -3.07% | 99.31M | Mar 2012 | PCY vs EMCB | |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | -3.52% | 948.98M | Jun 2022 | PCY vs XEMD | |
| Simplify Gamma Emerging Market Bond ETF | -3.61% | 41.07M | Aug 2024 | PCY vs GAEM |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | PCY vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | PCY vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | PCY vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | PCY vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | PCY vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | PCY vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | PCY vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | PCY vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | PCY vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | PCY vs PPA |
Often Compared With PCY
Investors most often compare PCY with EMB, EMHY, ELD. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PCY with Any Fund or Stock
Compare PCY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PCY with funds that move differently
Invesco Emerging Markets Sovereign Debt ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PCY.
Explore PCY Diversifiers