PCY vs. FEMKX
Compare and contrast key facts about Invesco Emerging Markets Sovereign Debt ETF (PCY) and Fidelity Emerging Markets (FEMKX).
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. FEMKX is managed by Fidelity. It was launched on Nov 1, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCY or FEMKX.
Key characteristics
| PCY | FEMKX | |
|---|---|---|
| YTD Return | 5.15% | 11.29% |
| 1Y Return | 19.43% | 19.11% |
| 3Y Return (Ann) | -2.20% | -4.24% |
| 5Y Return (Ann) | -1.10% | 6.04% |
| 10Y Return (Ann) | 2.08% | 6.25% |
| Sharpe Ratio | 1.80 | 1.23 |
| Sortino Ratio | 2.61 | 1.82 |
| Omega Ratio | 1.31 | 1.22 |
| Calmar Ratio | 0.74 | 0.64 |
| Martin Ratio | 9.05 | 6.08 |
| Ulcer Index | 2.05% | 3.13% |
| Daily Std Dev | 10.31% | 15.52% |
| Max Drawdown | -49.14% | -71.06% |
| Current Drawdown | -10.43% | -16.38% |
Correlation
The correlation between PCY and FEMKX is 0.40, 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. FEMKX - Performance Comparison
In the year-to-date period, PCY achieves a 5.15% return, which is significantly lower than FEMKX's 11.29% return. Over the past 10 years, PCY has underperformed FEMKX with an annualized return of 2.08%, while FEMKX has yielded a comparatively higher 6.25% 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. FEMKX - Expense Ratio Comparison
PCY has a 0.50% expense ratio, which is lower than FEMKX's 0.88% expense ratio.
Risk-Adjusted Performance
PCY vs. FEMKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Emerging Markets Sovereign Debt ETF (PCY) and Fidelity Emerging Markets (FEMKX). 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. FEMKX - Dividend Comparison
PCY's dividend yield for the trailing twelve months is around 6.51%, more than FEMKX's 0.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCY Invesco Emerging Markets Sovereign Debt ETF | 6.51% | 6.48% | 6.81% | 4.80% | 4.45% | 4.79% | 4.93% | 4.80% | 5.20% | 5.46% | 4.58% | 4.69% |
FEMKX Fidelity Emerging Markets | 0.99% | 1.11% | 0.77% | 1.06% | 0.20% | 1.71% | 0.81% | 0.49% | 0.67% | 0.51% | 1.24% | 0.08% |
Drawdowns
PCY vs. FEMKX - Drawdown Comparison
The maximum PCY drawdown since its inception was -49.14%, smaller than the maximum FEMKX drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for PCY and FEMKX. For additional features, visit the drawdowns tool.
Volatility
PCY vs. FEMKX - Volatility Comparison
The current volatility for Invesco Emerging Markets Sovereign Debt ETF (PCY) is 3.20%, while Fidelity Emerging Markets (FEMKX) has a volatility of 5.00%. This indicates that PCY experiences smaller price fluctuations and is considered to be less risky than FEMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.