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PICB vs. EMB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PICB and EMB is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

PICB vs. EMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Corporate Bond ETF (PICB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%70.00%80.00%NovemberDecember2025FebruaryMarchApril
31.12%
77.95%
PICB
EMB

Key characteristics

Sharpe Ratio

PICB:

1.20

EMB:

1.07

Sortino Ratio

PICB:

1.88

EMB:

1.56

Omega Ratio

PICB:

1.22

EMB:

1.20

Calmar Ratio

PICB:

0.41

EMB:

0.63

Martin Ratio

PICB:

2.49

EMB:

5.32

Ulcer Index

PICB:

4.01%

EMB:

1.57%

Daily Std Dev

PICB:

8.31%

EMB:

7.78%

Max Drawdown

PICB:

-37.10%

EMB:

-34.70%

Current Drawdown

PICB:

-15.12%

EMB:

-4.88%

Returns By Period

In the year-to-date period, PICB achieves a 9.37% return, which is significantly higher than EMB's 2.88% return. Over the past 10 years, PICB has underperformed EMB with an annualized return of 0.41%, while EMB has yielded a comparatively higher 2.46% annualized return.


PICB

YTD

9.37%

1M

5.82%

6M

5.02%

1Y

10.39%

5Y*

0.23%

10Y*

0.41%

EMB

YTD

2.88%

1M

0.32%

6M

2.05%

1Y

9.47%

5Y*

3.11%

10Y*

2.46%

*Annualized

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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.


Expense ratio chart for PICB: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PICB: 0.50%
Expense ratio chart for EMB: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
EMB: 0.39%

Risk-Adjusted Performance

PICB vs. EMB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PICB
The Risk-Adjusted Performance Rank of PICB is 7575
Overall Rank
The Sharpe Ratio Rank of PICB is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of PICB is 8787
Sortino Ratio Rank
The Omega Ratio Rank of PICB is 8282
Omega Ratio Rank
The Calmar Ratio Rank of PICB is 5454
Calmar Ratio Rank
The Martin Ratio Rank of PICB is 6767
Martin Ratio Rank

EMB
The Risk-Adjusted Performance Rank of EMB is 7979
Overall Rank
The Sharpe Ratio Rank of EMB is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of EMB is 8181
Sortino Ratio Rank
The Omega Ratio Rank of EMB is 7979
Omega Ratio Rank
The Calmar Ratio Rank of EMB is 7070
Calmar Ratio Rank
The Martin Ratio Rank of EMB is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for PICB, currently valued at 1.20, compared to the broader market-1.000.001.002.003.004.00
PICB: 1.20
EMB: 1.07
The chart of Sortino ratio for PICB, currently valued at 1.88, compared to the broader market-2.000.002.004.006.008.00
PICB: 1.88
EMB: 1.56
The chart of Omega ratio for PICB, currently valued at 1.22, compared to the broader market0.501.001.502.00
PICB: 1.22
EMB: 1.20
The chart of Calmar ratio for PICB, currently valued at 0.41, compared to the broader market0.002.004.006.008.0010.0012.00
PICB: 0.41
EMB: 0.63
The chart of Martin ratio for PICB, currently valued at 2.49, compared to the broader market0.0020.0040.0060.00
PICB: 2.49
EMB: 5.32

The current PICB Sharpe Ratio is 1.20, which is comparable to the EMB Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of PICB and EMB, 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 Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.20
1.07
PICB
EMB

Dividends

PICB vs. EMB - Dividend Comparison

PICB's dividend yield for the trailing twelve months is around 2.98%, less than EMB's 5.50% yield.


TTM20242023202220212020201920182017201620152014
PICB
Invesco International Corporate Bond ETF
2.98%3.19%2.24%1.64%1.34%1.22%1.42%1.70%1.47%2.20%2.39%2.64%
EMB
iShares J.P. Morgan USD Emerging Markets Bond ETF
5.50%5.46%4.74%5.04%3.89%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.


-25.00%-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-15.12%
-4.88%
PICB
EMB

Volatility

PICB vs. EMB - Volatility Comparison

The current volatility for Invesco International Corporate Bond ETF (PICB) is 4.03%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 4.75%. This indicates that PICB experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
4.03%
4.75%
PICB
EMB