PCEF vs. NTSE
Compare and contrast key facts about Invesco CEF Income Composite ETF (PCEF) and WisdomTree Emerging Markets Efficient Core Fund (NTSE).
PCEF and NTSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PCEF is a passively managed fund by Invesco that tracks the performance of the S-Network Composite Closed-End Fund Index. It was launched on Feb 19, 2010. NTSE is an actively managed fund by WisdomTree. It was launched on May 20, 2021.
Performance
PCEF vs. NTSE - Performance Comparison
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PCEF vs. NTSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | -3.43% | 12.59% | 16.70% | 9.39% | -18.66% | 5.25% |
NTSE WisdomTree Emerging Markets Efficient Core Fund | 5.59% | 36.29% | 4.42% | 9.47% | -26.31% | -5.66% |
Returns By Period
In the year-to-date period, PCEF achieves a -3.43% return, which is significantly lower than NTSE's 5.59% return.
PCEF
- 1D
- 2.51%
- 1M
- -5.48%
- YTD
- -3.43%
- 6M
- -1.94%
- 1Y
- 8.22%
- 3Y*
- 10.45%
- 5Y*
- 4.22%
- 10Y*
- 6.84%
NTSE
- 1D
- 3.94%
- 1M
- -10.28%
- YTD
- 5.59%
- 6M
- 11.12%
- 1Y
- 37.04%
- 3Y*
- 15.77%
- 5Y*
- —
- 10Y*
- —
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PCEF vs. NTSE - Expense Ratio Comparison
PCEF has a 2.71% expense ratio, which is higher than NTSE's 0.38% expense ratio.
Return for Risk
PCEF vs. NTSE — Risk / Return Rank
PCEF
NTSE
PCEF vs. NTSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CEF Income Composite ETF (PCEF) and WisdomTree Emerging Markets Efficient Core Fund (NTSE). 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.
| PCEF | NTSE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.83 | -1.22 |
Sortino ratioReturn per unit of downside risk | 0.89 | 2.47 | -1.58 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.62 | -1.85 |
Martin ratioReturn relative to average drawdown | 3.65 | 10.31 | -6.66 |
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
| PCEF | NTSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.83 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.15 | +0.38 |
Correlation
The correlation between PCEF and NTSE is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PCEF vs. NTSE - Dividend Comparison
PCEF's dividend yield for the trailing twelve months is around 8.32%, more than NTSE's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | 8.32% | 7.96% | 8.79% | 9.86% | 8.93% | 6.67% | 7.54% | 7.12% | 8.21% | 6.96% | 7.72% | 9.18% |
NTSE WisdomTree Emerging Markets Efficient Core Fund | 3.14% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PCEF vs. NTSE - Drawdown Comparison
The maximum PCEF drawdown since its inception was -38.64%, smaller than the maximum NTSE drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for PCEF and NTSE.
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Drawdown Indicators
| PCEF | NTSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -42.84% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -14.20% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | — | — |
Current DrawdownCurrent decline from peak | -6.00% | -10.81% | +4.81% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -20.35% | +15.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 3.60% | -1.30% |
Volatility
PCEF vs. NTSE - Volatility Comparison
The current volatility for Invesco CEF Income Composite ETF (PCEF) is 5.03%, while WisdomTree Emerging Markets Efficient Core Fund (NTSE) has a volatility of 10.91%. This indicates that PCEF experiences smaller price fluctuations and is considered to be less risky than NTSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCEF | NTSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 10.91% | -5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 15.30% | -8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 20.34% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 18.76% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 18.76% | -5.51% |