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

Performance

PCY vs. SCHE - Performance Comparison

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

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.35%
3.58%
PCY
SCHE

Returns By Period

In the year-to-date period, PCY achieves a 4.91% return, which is significantly lower than SCHE's 11.52% return. Over the past 10 years, PCY has underperformed SCHE with an annualized return of 1.96%, while SCHE has yielded a comparatively higher 3.44% annualized return.


PCY

YTD

4.91%

1M

-1.00%

6M

3.48%

1Y

14.87%

5Y (annualized)

-1.06%

10Y (annualized)

1.96%

SCHE

YTD

11.52%

1M

-4.60%

6M

3.58%

1Y

15.96%

5Y (annualized)

3.88%

10Y (annualized)

3.44%

Key characteristics


PCYSCHE
Sharpe Ratio1.451.04
Sortino Ratio2.101.55
Omega Ratio1.251.19
Calmar Ratio0.650.61
Martin Ratio6.665.03
Ulcer Index2.18%3.10%
Daily Std Dev10.02%14.99%
Max Drawdown-49.14%-36.16%
Current Drawdown-10.62%-12.24%

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PCY vs. SCHE - Expense Ratio Comparison

PCY has a 0.50% expense ratio, which is higher than SCHE's 0.11% expense ratio.


PCY
Invesco Emerging Markets Sovereign Debt ETF
Expense ratio chart for PCY: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for SCHE: current value at 0.11% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.11%

Correlation

-0.50.00.51.00.4

The correlation between PCY and SCHE is 0.44, 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.

Risk-Adjusted Performance

PCY vs. SCHE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Emerging Markets Sovereign Debt ETF (PCY) and Schwab Emerging Markets Equity ETF (SCHE). 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.


Sharpe ratio
The chart of Sharpe ratio for PCY, currently valued at 1.48, compared to the broader market0.002.004.006.001.481.04
The chart of Sortino ratio for PCY, currently valued at 2.15, compared to the broader market-2.000.002.004.006.008.0010.0012.002.151.55
The chart of Omega ratio for PCY, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.19
The chart of Calmar ratio for PCY, currently valued at 0.69, compared to the broader market0.005.0010.0015.000.690.61
The chart of Martin ratio for PCY, currently valued at 6.78, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.785.03
PCY
SCHE

The current PCY Sharpe Ratio is 1.45, which is higher than the SCHE Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of PCY and SCHE, 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 Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.48
1.04
PCY
SCHE

Dividends

PCY vs. SCHE - Dividend Comparison

PCY's dividend yield for the trailing twelve months is around 6.49%, more than SCHE's 3.10% yield.


TTM20232022202120202019201820172016201520142013
PCY
Invesco Emerging Markets Sovereign Debt ETF
6.49%6.48%6.81%4.80%4.45%4.79%4.93%4.80%5.20%5.46%4.58%4.69%
SCHE
Schwab Emerging Markets Equity ETF
3.10%3.83%2.87%2.86%2.09%3.27%2.69%2.31%2.26%2.50%2.86%2.56%

Drawdowns

PCY vs. SCHE - Drawdown Comparison

The maximum PCY drawdown since its inception was -49.14%, which is greater than SCHE's maximum drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for PCY and SCHE. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%JuneJulyAugustSeptemberOctoberNovember
-10.62%
-12.24%
PCY
SCHE

Volatility

PCY vs. SCHE - Volatility Comparison

The current volatility for Invesco Emerging Markets Sovereign Debt ETF (PCY) is 3.04%, while Schwab Emerging Markets Equity ETF (SCHE) has a volatility of 4.66%. This indicates that PCY experiences smaller price fluctuations and is considered to be less risky than SCHE 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%JuneJulyAugustSeptemberOctoberNovember
3.04%
4.66%
PCY
SCHE