PQUS vs. EMFI

Last updated Jul 4, 2026

PQUS (Pictet AI Enhanced US Equity ETF) and EMFI (Pictet Emerging Markets Debt ETF) are both exchange-traded funds - PQUS is a Large Cap Blend Equities fund actively managed by Pictet, while EMFI is a Emerging Markets Bonds fund actively managed by Pictet. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. PQUS charges 0.30%/yr vs 0.50%/yr for EMFI.

Performance

PQUS vs. EMFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet AI Enhanced US Equity ETF (PQUS) and Pictet Emerging Markets Debt ETF (EMFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PQUS

• 1D: -0.01%
• 1M: -1.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMFI

• 1D: 0.30%
• 1M: 0.93%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PQUS vs. EMFI - Yearly Performance Comparison

	2026 (YTD)
PQUS Pictet AI Enhanced US Equity ETF	4.93%
EMFI Pictet Emerging Markets Debt ETF	2.14%

Correlation

The correlation between PQUS and EMFI is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.74

Return for Risk

PQUS vs. EMFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced US Equity ETF (PQUS) and Pictet Emerging Markets Debt ETF (EMFI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PQUS vs. EMFI - Drawdown Comparison

The maximum PQUS drawdown since its inception was -7.19%, which is greater than EMFI's maximum drawdown of -1.84%. Use the drawdown chart below to compare losses from any high point for PQUS and EMFI.

Drawdown Indicators

	PQUS	EMFI	Difference
Max Drawdown Largest peak-to-trough decline	-7.19%	-1.84%	-5.35%
Current Drawdown Current decline from peak	-1.71%	-0.29%	-1.42%
Average Drawdown Average peak-to-trough decline	-1.49%	-0.51%	-0.98%

Volatility

Volatility by Period

	PQUS	EMFI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	6.40%	+8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	6.40%	+8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	6.40%	+8.54%

PQUS vs. EMFI - Expense Ratio Comparison

PQUS has a 0.30% expense ratio, which is lower than EMFI's 0.50% expense ratio.

Dividends

PQUS vs. EMFI - Dividend Comparison

PQUS has not paid dividends to shareholders, while EMFI's dividend yield for the trailing twelve months is around 0.90%.

Position	TTM
EMFI Pictet Emerging Markets Debt ETF	0.90%
PQUS Pictet AI Enhanced US Equity ETF	0.00%

Frequently Asked Questions

Can I hold both PQUS and EMFI in my portfolio?

PQUS and EMFI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PQUS or EMFI?

On fees, PQUS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PQUS or EMFI?

PQUS is cheaper with a 0.30% expense ratio, compared with 0.50% for EMFI.

Which ETF pays a higher dividend yield, PQUS or EMFI?

EMFI has the higher dividend yield at 0.90%, compared with 0.00% for PQUS.

What is the main difference between PQUS and EMFI?

PQUS is categorized as Large Cap Blend Equities, while EMFI is Emerging Markets Bonds. Their fees differ too: 0.30% for PQUS and 0.50% for EMFI.