PXH vs. PEFIX
Compare and contrast key facts about Invesco FTSE RAFI Emerging Markets ETF (PXH) and PIMCO RAE PLUS EMG Fund (PEFIX).
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. PEFIX is managed by PIMCO. It was launched on Nov 25, 2008.
Performance
PXH vs. PEFIX - Performance Comparison
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PXH vs. PEFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.64% | 31.44% | 12.09% | 13.93% | -15.18% | 8.31% | -1.91% | 16.77% | -8.68% | 26.60% |
PEFIX PIMCO RAE PLUS EMG Fund | 6.47% | 27.34% | 7.08% | 20.00% | -16.85% | 20.69% | 5.27% | 14.80% | -13.51% | 31.80% |
Returns By Period
In the year-to-date period, PXH achieves a 4.64% return, which is significantly lower than PEFIX's 6.47% return. Over the past 10 years, PXH has underperformed PEFIX with an annualized return of 9.71%, while PEFIX has yielded a comparatively higher 11.54% annualized return.
PXH
- 1D
- 2.87%
- 1M
- -5.27%
- YTD
- 4.64%
- 6M
- 7.81%
- 1Y
- 28.88%
- 3Y*
- 18.73%
- 5Y*
- 8.65%
- 10Y*
- 9.71%
PEFIX
- 1D
- 0.23%
- 1M
- -10.03%
- YTD
- 6.47%
- 6M
- 13.41%
- 1Y
- 32.86%
- 3Y*
- 19.13%
- 5Y*
- 9.34%
- 10Y*
- 11.54%
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PXH vs. PEFIX - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is lower than PEFIX's 1.10% expense ratio.
Return for Risk
PXH vs. PEFIX — Risk / Return Rank
PXH
PEFIX
PXH vs. PEFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) and PIMCO RAE PLUS EMG Fund (PEFIX). 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.
| PXH | PEFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.97 | -0.40 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.37 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.19 | -0.08 |
Martin ratioReturn relative to average drawdown | 9.45 | 8.75 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PXH | PEFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.97 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.60 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.69 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.62 | -0.49 |
Correlation
The correlation between PXH and PEFIX is 0.71, 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.
Dividends
PXH vs. PEFIX - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 3.76%, less than PEFIX's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 3.76% | 4.02% | 4.43% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% |
PEFIX PIMCO RAE PLUS EMG Fund | 4.23% | 3.73% | 9.33% | 2.11% | 18.29% | 46.03% | 8.19% | 0.38% | 4.76% | 7.08% | 4.48% | 0.00% |
Drawdowns
PXH vs. PEFIX - Drawdown Comparison
The maximum PXH drawdown since its inception was -63.63%, which is greater than PEFIX's maximum drawdown of -51.44%. Use the drawdown chart below to compare losses from any high point for PXH and PEFIX.
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Drawdown Indicators
| PXH | PEFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -51.44% | -12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -13.23% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -32.17% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -51.44% | +11.02% |
Current DrawdownCurrent decline from peak | -6.55% | -10.12% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -17.00% | -12.03% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.50% | -0.42% |
Volatility
PXH vs. PEFIX - Volatility Comparison
Invesco FTSE RAFI Emerging Markets ETF (PXH) has a higher volatility of 7.57% compared to PIMCO RAE PLUS EMG Fund (PEFIX) at 6.72%. This indicates that PXH's price experiences larger fluctuations and is considered to be riskier than PEFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXH | PEFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 6.72% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 11.33% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 16.21% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 15.54% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 16.88% | +3.33% |