PICB vs. EMB
Compare and contrast key facts about Invesco International Corporate Bond ETF (PICB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
PICB and EMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICB is a passively managed fund by Invesco that tracks the performance of the S&P International Corporate Bond Index. It was launched on Jun 3, 2010. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. Both PICB and EMB 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: PICB or EMB.
Correlation
The correlation between PICB and EMB 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
PICB vs. EMB - Performance Comparison
Key characteristics
PICB:
0.50
EMB:
1.63
PICB:
0.79
EMB:
2.30
PICB:
1.09
EMB:
1.29
PICB:
0.16
EMB:
0.80
PICB:
1.03
EMB:
7.49
PICB:
3.75%
EMB:
1.49%
PICB:
7.60%
EMB:
6.83%
PICB:
-37.10%
EMB:
-34.70%
PICB:
-20.53%
EMB:
-5.06%
Returns By Period
In the year-to-date period, PICB achieves a 2.41% return, which is significantly lower than EMB's 2.69% return. Over the past 10 years, PICB has underperformed EMB with an annualized return of -0.35%, while EMB has yielded a comparatively higher 2.75% annualized return.
PICB
2.41%
3.46%
-2.86%
2.91%
-1.98%
-0.35%
EMB
2.69%
1.76%
2.07%
10.25%
-0.33%
2.75%
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PICB vs. EMB - Expense Ratio Comparison
PICB has a 0.50% expense ratio, which is higher than EMB's 0.39% expense ratio.
Risk-Adjusted Performance
PICB vs. EMB — Risk-Adjusted Performance Rank
PICB
EMB
PICB vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Corporate Bond ETF (PICB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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
PICB vs. EMB - Dividend Comparison
PICB's dividend yield for the trailing twelve months is around 3.13%, less than EMB's 5.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICB Invesco International Corporate Bond ETF | 3.13% | 3.18% | 2.25% | 1.64% | 1.33% | 1.21% | 1.43% | 1.70% | 1.47% | 2.20% | 2.38% | 2.65% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.42% | 5.46% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% |
Drawdowns
PICB vs. EMB - Drawdown Comparison
The maximum PICB drawdown since its inception was -37.10%, which is greater than EMB's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for PICB and EMB. For additional features, visit the drawdowns tool.
Volatility
PICB vs. EMB - Volatility Comparison
Invesco International Corporate Bond ETF (PICB) has a higher volatility of 2.38% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 1.63%. This indicates that PICB's price experiences larger fluctuations and is considered to be riskier than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.