PCY vs. FEMB
Compare and contrast key facts about Invesco Emerging Markets Sovereign Debt ETF (PCY) and First Trust Emerging Markets Local Currency Bond ETF (FEMB).
PCY and FEMB 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. FEMB is an actively managed fund by First Trust. It was launched on Nov 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCY or FEMB.
Key characteristics
| PCY | FEMB | |
|---|---|---|
| YTD Return | 6.63% | -1.60% |
| 1Y Return | 20.85% | 3.34% |
| 3Y Return (Ann) | -2.27% | 0.03% |
| 5Y Return (Ann) | -0.77% | -1.17% |
| 10Y Return (Ann) | 2.20% | -0.48% |
| Sharpe Ratio | 1.88 | 0.30 |
| Sortino Ratio | 2.71 | 0.53 |
| Omega Ratio | 1.33 | 1.06 |
| Calmar Ratio | 0.77 | 0.19 |
| Martin Ratio | 9.57 | 0.91 |
| Ulcer Index | 2.02% | 3.32% |
| Daily Std Dev | 10.32% | 9.95% |
| Max Drawdown | -49.14% | -30.44% |
| Current Drawdown | -9.16% | -11.52% |
Correlation
The correlation between PCY and FEMB is 0.43, 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. FEMB - Performance Comparison
In the year-to-date period, PCY achieves a 6.63% return, which is significantly higher than FEMB's -1.60% return. Over the past 10 years, PCY has outperformed FEMB with an annualized return of 2.20%, while FEMB has yielded a comparatively lower -0.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
PCY vs. FEMB - Dividend Comparison
PCY's dividend yield for the trailing twelve months is around 6.42%, more than FEMB's 5.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCY Invesco Emerging Markets Sovereign Debt ETF | 6.42% | 6.48% | 6.81% | 4.80% | 4.45% | 4.79% | 4.93% | 4.80% | 5.20% | 5.46% | 4.58% | 4.69% |
FEMB First Trust Emerging Markets Local Currency Bond ETF | 5.75% | 5.15% | 6.36% | 6.12% | 5.29% | 5.40% | 5.86% | 6.38% | 5.83% | 4.89% | 0.62% | 0.00% |
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.
Volatility
PCY vs. FEMB - Volatility Comparison
Invesco Emerging Markets Sovereign Debt ETF (PCY) and First Trust Emerging Markets Local Currency Bond ETF (FEMB) have volatilities of 3.00% and 3.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.