EMFI vs. PQUS

Last updated Jul 4, 2026

EMFI (Pictet Emerging Markets Debt ETF) and PQUS (Pictet AI Enhanced US Equity ETF) are both exchange-traded funds - EMFI is a Emerging Markets Bonds fund actively managed by Pictet, while PQUS is a Large Cap Blend Equities fund actively managed by Pictet. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. EMFI charges 0.50%/yr vs 0.30%/yr for PQUS.

Performance

EMFI vs. PQUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet Emerging Markets Debt ETF (EMFI) and Pictet AI Enhanced US Equity ETF (PQUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMFI

• 1D: 0.30%
• 1M: 0.93%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PQUS

• 1D: -0.01%
• 1M: -1.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMFI vs. PQUS - Yearly Performance Comparison

	2026 (YTD)
EMFI Pictet Emerging Markets Debt ETF	2.14%
PQUS Pictet AI Enhanced US Equity ETF	4.93%

Correlation

The correlation between EMFI and PQUS is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.74

Return for Risk

EMFI vs. PQUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet Emerging Markets Debt ETF (EMFI) and Pictet AI Enhanced US Equity ETF (PQUS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

EMFI vs. PQUS - Drawdown Comparison

The maximum EMFI drawdown since its inception was -1.84%, smaller than the maximum PQUS drawdown of -7.19%. Use the drawdown chart below to compare losses from any high point for EMFI and PQUS.

Drawdown Indicators

	EMFI	PQUS	Difference
Max Drawdown Largest peak-to-trough decline	-1.84%	-7.19%	+5.35%
Current Drawdown Current decline from peak	-0.29%	-1.71%	+1.42%
Average Drawdown Average peak-to-trough decline	-0.51%	-1.49%	+0.98%

Volatility

Volatility by Period

	EMFI	PQUS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.40%	14.94%	-8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.40%	14.94%	-8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.40%	14.94%	-8.54%

EMFI vs. PQUS - Expense Ratio Comparison

EMFI has a 0.50% expense ratio, which is higher than PQUS's 0.30% expense ratio.

Dividends

EMFI vs. PQUS - Dividend Comparison

EMFI's dividend yield for the trailing twelve months is around 0.90%, while PQUS has not paid dividends to shareholders.

Position	TTM
EMFI Pictet Emerging Markets Debt ETF	0.90%
PQUS Pictet AI Enhanced US Equity ETF	0.00%

Frequently Asked Questions

Can I hold both EMFI and PQUS in my portfolio?

EMFI and PQUS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMFI or PQUS?

On fees, PQUS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMFI or PQUS?

PQUS is cheaper with a 0.30% expense ratio, compared with 0.50% for EMFI.

Which ETF pays a higher dividend yield, EMFI or PQUS?

EMFI has the higher dividend yield at 0.90%, compared with 0.00% for PQUS.

What is the main difference between EMFI and PQUS?

EMFI is categorized as Emerging Markets Bonds, while PQUS is Large Cap Blend Equities. Their fees differ too: 0.50% for EMFI and 0.30% for PQUS.