PCY vs. SCHZ
Compare and contrast key facts about Invesco Emerging Markets Sovereign Debt ETF (PCY) and Schwab U.S. Aggregate Bond ETF (SCHZ).
PCY and SCHZ 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. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. Both PCY and SCHZ 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 SCHZ.
Key characteristics
| PCY | SCHZ | |
|---|---|---|
| YTD Return | 5.15% | 3.53% |
| 1Y Return | 19.43% | 10.28% |
| 3Y Return (Ann) | -2.20% | -0.62% |
| 5Y Return (Ann) | -1.10% | 1.48% |
| 10Y Return (Ann) | 2.08% | 2.86% |
| Sharpe Ratio | 1.80 | 1.67 |
| Sortino Ratio | 2.61 | 2.52 |
| Omega Ratio | 1.31 | 1.30 |
| Calmar Ratio | 0.74 | 0.84 |
| Martin Ratio | 9.05 | 6.97 |
| Ulcer Index | 2.05% | 1.47% |
| Daily Std Dev | 10.31% | 6.13% |
| Max Drawdown | -49.14% | -16.93% |
| Current Drawdown | -10.43% | -3.38% |
Correlation
The correlation between PCY and SCHZ 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. SCHZ - Performance Comparison
In the year-to-date period, PCY achieves a 5.15% return, which is significantly higher than SCHZ's 3.53% return. Over the past 10 years, PCY has underperformed SCHZ with an annualized return of 2.08%, while SCHZ has yielded a comparatively higher 2.86% 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. SCHZ - Expense Ratio Comparison
PCY has a 0.50% expense ratio, which is higher than SCHZ's 0.04% expense ratio.
Risk-Adjusted Performance
PCY vs. SCHZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Emerging Markets Sovereign Debt ETF (PCY) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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. SCHZ - Dividend Comparison
PCY's dividend yield for the trailing twelve months is around 6.51%, more than SCHZ's 6.12% 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 6.12% | 4.66% | 3.49% | 2.69% | 3.86% | 4.18% | 4.18% | 4.20% | 3.52% | 3.53% | 3.21% | 3.53% |
Drawdowns
PCY vs. SCHZ - Drawdown Comparison
The maximum PCY drawdown since its inception was -49.14%, which is greater than SCHZ's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for PCY and SCHZ. For additional features, visit the drawdowns tool.
Volatility
PCY vs. SCHZ - Volatility Comparison
Invesco Emerging Markets Sovereign Debt ETF (PCY) has a higher volatility of 3.20% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 1.70%. This indicates that PCY's price experiences larger fluctuations and is considered to be riskier than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.