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PCY vs. EMB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PCY and EMB is 0.38, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

PCY vs. EMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Emerging Markets Sovereign Debt ETF (PCY) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). The values are adjusted to include any dividend payments, if applicable.

90.00%95.00%100.00%105.00%110.00%December2025FebruaryMarchAprilMay
97.51%
105.43%
PCY
EMB

Key characteristics

Sharpe Ratio

PCY:

0.58

EMB:

1.14

Sortino Ratio

PCY:

0.89

EMB:

1.67

Omega Ratio

PCY:

1.12

EMB:

1.22

Calmar Ratio

PCY:

0.40

EMB:

0.69

Martin Ratio

PCY:

2.04

EMB:

5.57

Ulcer Index

PCY:

3.27%

EMB:

1.58%

Daily Std Dev

PCY:

11.46%

EMB:

7.71%

Max Drawdown

PCY:

-49.14%

EMB:

-34.70%

Current Drawdown

PCY:

-11.56%

EMB:

-5.54%

Returns By Period

In the year-to-date period, PCY achieves a 1.24% return, which is significantly lower than EMB's 2.18% return. Over the past 10 years, PCY has underperformed EMB with an annualized return of 1.74%, while EMB has yielded a comparatively higher 2.50% annualized return.


PCY

YTD

1.24%

1M

-3.01%

6M

-0.24%

1Y

5.29%

5Y*

1.60%

10Y*

1.74%

EMB

YTD

2.18%

1M

-0.75%

6M

2.13%

1Y

7.49%

5Y*

2.52%

10Y*

2.50%

*Annualized

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PCY vs. EMB - Expense Ratio Comparison

PCY has a 0.50% expense ratio, which is higher than EMB's 0.39% expense ratio.


Expense ratio chart for PCY: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PCY: 0.50%
Expense ratio chart for EMB: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
EMB: 0.39%

Risk-Adjusted Performance

PCY vs. EMB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCY
The Risk-Adjusted Performance Rank of PCY is 5656
Overall Rank
The Sharpe Ratio Rank of PCY is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of PCY is 5858
Sortino Ratio Rank
The Omega Ratio Rank of PCY is 5555
Omega Ratio Rank
The Calmar Ratio Rank of PCY is 5151
Calmar Ratio Rank
The Martin Ratio Rank of PCY is 5858
Martin Ratio Rank

EMB
The Risk-Adjusted Performance Rank of EMB is 8181
Overall Rank
The Sharpe Ratio Rank of EMB is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of EMB is 8383
Sortino Ratio Rank
The Omega Ratio Rank of EMB is 8282
Omega Ratio Rank
The Calmar Ratio Rank of EMB is 7171
Calmar Ratio Rank
The Martin Ratio Rank of EMB is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PCY vs. EMB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Emerging Markets Sovereign Debt ETF (PCY) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.


The chart of Sharpe ratio for PCY, currently valued at 0.58, compared to the broader market-1.000.001.002.003.004.00
PCY: 0.58
EMB: 1.14
The chart of Sortino ratio for PCY, currently valued at 0.89, compared to the broader market-2.000.002.004.006.008.00
PCY: 0.89
EMB: 1.67
The chart of Omega ratio for PCY, currently valued at 1.12, compared to the broader market0.501.001.502.002.50
PCY: 1.12
EMB: 1.22
The chart of Calmar ratio for PCY, currently valued at 0.40, compared to the broader market0.002.004.006.008.0010.0012.00
PCY: 0.40
EMB: 0.69
The chart of Martin ratio for PCY, currently valued at 2.04, compared to the broader market0.0020.0040.0060.00
PCY: 2.04
EMB: 5.57

The current PCY Sharpe Ratio is 0.58, which is lower than the EMB Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of PCY and EMB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00December2025FebruaryMarchAprilMay
0.58
1.14
PCY
EMB

Dividends

PCY vs. EMB - Dividend Comparison

PCY's dividend yield for the trailing twelve months is around 6.71%, more than EMB's 5.61% yield.


TTM20242023202220212020201920182017201620152014
PCY
Invesco Emerging Markets Sovereign Debt ETF
6.71%6.65%6.48%6.81%4.80%4.45%4.78%4.93%4.80%5.19%5.46%4.58%
EMB
iShares J.P. Morgan USD Emerging Markets Bond ETF
5.61%5.46%4.74%5.04%3.89%3.88%4.51%5.64%4.54%4.83%4.84%4.56%

Drawdowns

PCY vs. EMB - Drawdown Comparison

The maximum PCY drawdown since its inception was -49.14%, which is greater than EMB's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for PCY and EMB. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%December2025FebruaryMarchAprilMay
-11.56%
-5.54%
PCY
EMB

Volatility

PCY vs. EMB - Volatility Comparison

Invesco Emerging Markets Sovereign Debt ETF (PCY) has a higher volatility of 7.61% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 4.79%. This indicates that PCY's price experiences larger fluctuations and is considered to be riskier than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%December2025FebruaryMarchAprilMay
7.61%
4.79%
PCY
EMB