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

Correlation

The correlation between PCY and FEMB is 0.30, 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: 0.3

Performance

PCY vs. FEMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Emerging Markets Sovereign Debt ETF (PCY) and First Trust Emerging Markets Local Currency Bond ETF (FEMB). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%NovemberDecember2025FebruaryMarchApril
21.36%
-1.36%
PCY
FEMB

Key characteristics

Sharpe Ratio

PCY:

0.53

FEMB:

0.75

Sortino Ratio

PCY:

0.81

FEMB:

1.17

Omega Ratio

PCY:

1.10

FEMB:

1.14

Calmar Ratio

PCY:

0.35

FEMB:

0.48

Martin Ratio

PCY:

1.84

FEMB:

1.51

Ulcer Index

PCY:

3.25%

FEMB:

4.88%

Daily Std Dev

PCY:

11.41%

FEMB:

9.88%

Max Drawdown

PCY:

-49.14%

FEMB:

-30.44%

Current Drawdown

PCY:

-11.11%

FEMB:

-8.20%

Returns By Period

In the year-to-date period, PCY achieves a 1.76% return, which is significantly lower than FEMB's 8.16% return. Over the past 10 years, PCY has outperformed FEMB with an annualized return of 1.66%, while FEMB has yielded a comparatively lower 0.74% annualized return.


PCY

YTD

1.76%

1M

-2.11%

6M

-1.05%

1Y

6.84%

5Y*

2.18%

10Y*

1.66%

FEMB

YTD

8.16%

1M

2.36%

6M

2.67%

1Y

7.61%

5Y*

2.88%

10Y*

0.74%

*Annualized

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PCY vs. FEMB - Expense Ratio Comparison

PCY has a 0.50% expense ratio, which is lower than FEMB's 0.85% expense ratio.


Expense ratio chart for FEMB: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FEMB: 0.85%
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%

Risk-Adjusted Performance

PCY vs. FEMB — 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 5757
Overall Rank
The Sharpe Ratio Rank of PCY is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of PCY is 5959
Sortino Ratio Rank
The Omega Ratio Rank of PCY is 5656
Omega Ratio Rank
The Calmar Ratio Rank of PCY is 5252
Calmar Ratio Rank
The Martin Ratio Rank of PCY is 5858
Martin Ratio Rank

FEMB
The Risk-Adjusted Performance Rank of FEMB is 6565
Overall Rank
The Sharpe Ratio Rank of FEMB is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of FEMB is 7373
Sortino Ratio Rank
The Omega Ratio Rank of FEMB is 6666
Omega Ratio Rank
The Calmar Ratio Rank of FEMB is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FEMB is 5252
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. FEMB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Emerging Markets Sovereign Debt ETF (PCY) and First Trust Emerging Markets Local Currency Bond ETF (FEMB). 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 0.53, compared to the broader market-1.000.001.002.003.004.00
PCY: 0.53
FEMB: 0.75
The chart of Sortino ratio for PCY, currently valued at 0.81, compared to the broader market-2.000.002.004.006.008.00
PCY: 0.81
FEMB: 1.17
The chart of Omega ratio for PCY, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
PCY: 1.10
FEMB: 1.14
The chart of Calmar ratio for PCY, currently valued at 0.35, compared to the broader market0.002.004.006.008.0010.0012.00
PCY: 0.35
FEMB: 0.48
The chart of Martin ratio for PCY, currently valued at 1.84, compared to the broader market0.0020.0040.0060.00
PCY: 1.84
FEMB: 1.51

The current PCY Sharpe Ratio is 0.53, which is comparable to the FEMB Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of PCY and FEMB, 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 Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.53
0.75
PCY
FEMB

Dividends

PCY vs. FEMB - Dividend Comparison

PCY's dividend yield for the trailing twelve months is around 6.67%, more than FEMB's 5.85% yield.


TTM20242023202220212020201920182017201620152014
PCY
Invesco Emerging Markets Sovereign Debt ETF
6.67%6.65%6.48%6.81%4.80%4.45%4.78%4.93%4.80%5.19%5.46%4.58%
FEMB
First Trust Emerging Markets Local Currency Bond ETF
5.85%6.09%5.15%6.35%6.12%5.29%5.40%5.86%6.38%5.83%4.89%0.62%

Drawdowns

PCY vs. FEMB - Drawdown Comparison

The maximum PCY drawdown since its inception was -49.14%, which is greater than FEMB's maximum drawdown of -30.44%. Use the drawdown chart below to compare losses from any high point for PCY and FEMB. For additional features, visit the drawdowns tool.


-16.00%-14.00%-12.00%-10.00%-8.00%NovemberDecember2025FebruaryMarchApril
-11.11%
-8.20%
PCY
FEMB

Volatility

PCY vs. FEMB - Volatility Comparison

Invesco Emerging Markets Sovereign Debt ETF (PCY) has a higher volatility of 7.41% compared to First Trust Emerging Markets Local Currency Bond ETF (FEMB) at 5.13%. This indicates that PCY's price experiences larger fluctuations and is considered to be riskier than FEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%NovemberDecember2025FebruaryMarchApril
7.41%
5.13%
PCY
FEMB