LAC vs. PCY
LAC (Lithium Americas Corp.) is a stock, while PCY (Invesco Emerging Markets Sovereign Debt ETF) is Emerging Markets Bonds fund tracking the DB Emerging Market USD Liquid Balanced Index. Over the past year, LAC returned -3.92% vs 12.00% for PCY. At a 0.23 correlation, their price movements are largely independent.
Performance
LAC vs. PCY - Performance Comparison
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Returns By Period
In the year-to-date period, LAC achieves a -32.57% return, which is significantly lower than PCY's 1.55% return.
LAC
- 1D
- -5.47%
- 1M
- -33.93%
- 6M
- -49.91%
- YTD
- -32.57%
- 1Y
- -3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCY
- 1D
- -0.15%
- 1M
- -1.60%
- 6M
- 1.46%
- YTD
- 1.55%
- 1Y
- 12.00%
- 3Y*
- 9.57%
- 5Y*
- 1.12%
- 10Y*
- 2.13%
LAC vs. PCY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LAC Lithium Americas Corp. | -32.57% | 46.80% | -53.59% | -27.19% |
PCY Invesco Emerging Markets Sovereign Debt ETF | 1.55% | 16.31% | 2.55% | 15.08% |
Correlation
The correlation between LAC and PCY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.23 |
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Return for Risk
LAC vs. PCY — Risk / Return Rank
LAC
PCY
LAC vs. PCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lithium Americas Corp. (LAC) and Invesco Emerging Markets Sovereign Debt ETF (PCY). 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.
| LAC | PCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.04 | -2.10 |
| Martin ratioReturn relative to average drawdown | -0.09 | 8.20 | -8.29 |
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Drawdowns
LAC vs. PCY - Drawdown Comparison
The maximum LAC drawdown since its inception was -81.83%, which is greater than PCY's maximum drawdown of -49.13%. Use the drawdown chart below to compare losses from any high point for LAC and PCY.
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Drawdown Indicators
| LAC | PCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.83% | -49.13% | -32.70% |
Max Drawdown (1Y)Largest decline over 1 year | -70.75% | -5.91% | -64.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.78% | — |
Current DrawdownCurrent decline from peak | -74.91% | -1.78% | -73.13% |
Average DrawdownAverage peak-to-trough decline | -63.27% | -6.93% | -56.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.39% | 1.47% | +43.92% |
Volatility
LAC vs. PCY - Volatility Comparison
Lithium Americas Corp. (LAC) has a higher volatility of 11.27% compared to Invesco Emerging Markets Sovereign Debt ETF (PCY) at 1.70%. This indicates that LAC's price experiences larger fluctuations and is considered to be riskier than PCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAC | PCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.27% | 1.70% | +9.57% |
Volatility (6M)Calculated over the trailing 6-month period | 51.46% | 6.06% | +45.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 132.28% | 7.32% | +124.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.31% | 13.18% | +87.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.31% | 12.94% | +87.37% |
Dividends
LAC vs. PCY - Dividend Comparison
LAC has not paid dividends to shareholders, while PCY's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAC Lithium Americas Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PCY Invesco Emerging Markets Sovereign Debt ETF | 5.91% | 5.93% | 6.65% | 6.48% | 6.81% | 4.80% | 4.45% | 4.78% | 4.93% | 4.80% | 5.19% | 5.46% |
Frequently Asked Questions
LAC and PCY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAC has higher volatility (11.27%) compared to PCY (1.70%). In terms of maximum drawdown, LAC dropped -81.83% vs PCY's -49.13%.
PCY currently has the higher Sharpe Ratio (1.65 vs -0.03), 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.
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