PCY vs. EMHY
Compare and contrast key facts about Invesco Emerging Markets Sovereign Debt ETF (PCY) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY).
PCY and EMHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PCY is a passively managed fund by Invesco that tracks the performance of the DB Emerging Market USD Liquid Balanced Index. It was launched on Oct 11, 2007. EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 2012. Both PCY and EMHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCY or EMHY.
Correlation
The correlation between PCY and EMHY is 0.42, 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.
Performance
PCY vs. EMHY - Performance Comparison
Key characteristics
PCY:
0.39
EMHY:
1.20
PCY:
0.62
EMHY:
1.74
PCY:
1.08
EMHY:
1.25
PCY:
0.29
EMHY:
1.54
PCY:
1.34
EMHY:
7.60
PCY:
3.32%
EMHY:
1.20%
PCY:
11.38%
EMHY:
7.63%
PCY:
-49.14%
EMHY:
-30.11%
PCY:
-11.20%
EMHY:
-1.26%
Returns By Period
In the year-to-date period, PCY achieves a 1.65% return, which is significantly lower than EMHY's 1.92% return. Over the past 10 years, PCY has underperformed EMHY with an annualized return of 1.74%, while EMHY has yielded a comparatively higher 3.72% annualized return.
PCY
1.65%
2.55%
-0.28%
3.84%
1.34%
1.74%
EMHY
1.92%
4.42%
2.40%
8.78%
5.56%
3.72%
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PCY vs. EMHY - Expense Ratio Comparison
Both PCY and EMHY have an expense ratio of 0.50%.
Risk-Adjusted Performance
PCY vs. EMHY — Risk-Adjusted Performance Rank
PCY
EMHY
PCY vs. EMHY - 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 EM High Yield Bond ETF (EMHY). 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.
Dividends
PCY vs. EMHY - Dividend Comparison
PCY's dividend yield for the trailing twelve months is around 6.68%, less than EMHY's 7.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCY Invesco Emerging Markets Sovereign Debt ETF | 6.68% | 6.65% | 6.48% | 6.81% | 4.80% | 4.45% | 4.78% | 4.93% | 4.80% | 5.19% | 5.46% | 4.58% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 7.23% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% | 6.36% |
Drawdowns
PCY vs. EMHY - Drawdown Comparison
The maximum PCY drawdown since its inception was -49.14%, which is greater than EMHY's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for PCY and EMHY. For additional features, visit the drawdowns tool.
Volatility
PCY vs. EMHY - Volatility Comparison
Invesco Emerging Markets Sovereign Debt ETF (PCY) has a higher volatility of 6.99% compared to iShares J.P. Morgan EM High Yield Bond ETF (EMHY) at 4.62%. This indicates that PCY's price experiences larger fluctuations and is considered to be riskier than EMHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.