PXH vs. IEMG
Compare and contrast key facts about Invesco FTSE RAFI Emerging Markets ETF (PXH) and iShares Core MSCI Emerging Markets ETF (IEMG).
PXH and IEMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXH is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Emerging Markets Index. It was launched on Sep 27, 2007. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both PXH and IEMG 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: PXH or IEMG.
Key characteristics
| PXH | IEMG | |
|---|---|---|
| YTD Return | 6.53% | 4.73% |
| 1Y Return | 17.31% | 13.80% |
| 3Y Return (Ann) | 1.25% | -4.18% |
| 5Y Return (Ann) | 2.86% | 2.69% |
| 10Y Return (Ann) | 3.67% | 3.29% |
| Sharpe Ratio | 1.12 | 0.95 |
| Daily Std Dev | 15.27% | 14.43% |
| Max Drawdown | -63.63% | -38.72% |
| Current Drawdown | -4.21% | -17.06% |
Correlation
The correlation between PXH and IEMG is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PXH vs. IEMG - Performance Comparison
In the year-to-date period, PXH achieves a 6.53% return, which is significantly higher than IEMG's 4.73% return. Over the past 10 years, PXH has outperformed IEMG with an annualized return of 3.67%, while IEMG has yielded a comparatively lower 3.29% 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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PXH vs. IEMG - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is higher than IEMG's 0.14% expense ratio.
Risk-Adjusted Performance
PXH vs. IEMG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) and iShares Core MSCI Emerging Markets ETF (IEMG). 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
PXH vs. IEMG - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 4.26%, more than IEMG's 2.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.26% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% | 3.19% | 2.80% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.76% | 2.89% | 2.71% | 3.06% | 1.87% | 3.14% | 2.74% | 2.33% | 2.26% | 2.51% | 2.29% | 1.75% |
Drawdowns
PXH vs. IEMG - Drawdown Comparison
The maximum PXH drawdown since its inception was -63.63%, which is greater than IEMG's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for PXH and IEMG. For additional features, visit the drawdowns tool.
Volatility
PXH vs. IEMG - Volatility Comparison
Invesco FTSE RAFI Emerging Markets ETF (PXH) and iShares Core MSCI Emerging Markets ETF (IEMG) have volatilities of 5.06% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.