PXH vs. PEFIX
PXH (Invesco FTSE RAFI Emerging Markets ETF) and PEFIX (PIMCO RAE PLUS EMG Fund) are both Emerging Markets Equities funds. Over the past 10 years, PXH returned 9.29%/yr vs 11.19%/yr for PEFIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PXH charges 0.50%/yr vs 1.10%/yr for PEFIX.
Performance
PXH vs. PEFIX - Performance Comparison
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Returns By Period
In the year-to-date period, PXH achieves a 14.44% return, which is significantly lower than PEFIX's 16.62% return. Over the past 10 years, PXH has underperformed PEFIX with an annualized return of 9.29%, while PEFIX has yielded a comparatively higher 11.19% annualized return.
PXH
- 1D
- 0.21%
- 1M
- 5.02%
- 6M
- 7.06%
- YTD
- 14.44%
- 1Y
- 29.71%
- 3Y*
- 20.27%
- 5Y*
- 10.24%
- 10Y*
- 9.29%
- ALL TIME*
- 3.68%
PEFIX
- 1D
- 2.01%
- 1M
- 2.81%
- 6M
- 7.83%
- YTD
- 16.62%
- 1Y
- 31.91%
- 3Y*
- 17.60%
- 5Y*
- 9.76%
- 10Y*
- 11.19%
- ALL TIME*
- 11.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $5.43M | $7.06M | $7.27M |
PXH vs. PEFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 14.44% | 31.44% | 12.09% | 13.93% | -15.18% | 8.31% | -1.91% | 16.77% | -8.68% | 26.60% |
PEFIX PIMCO RAE PLUS EMG Fund | 16.62% | 27.34% | 7.08% | 20.00% | -16.85% | 20.69% | 5.27% | 14.80% | -13.51% | 31.80% |
Correlation
The correlation between PXH and PEFIX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2008 | 0.70 |
The correlation between PXH and PEFIX shifts across timeframes, from 0.59 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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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.
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.
| PXH | PEFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.58 | +0.33 |
| Martin ratioReturn relative to average drawdown | 9.08 | 7.32 | +1.76 |
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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 | -10.24% | -11.86% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.72% | -20.78% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -31.51% | +1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -51.44% | +11.02% |
Current DrawdownCurrent decline from peak | -1.80% | -6.11% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -11.89% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 4.17% | -0.89% |
Volatility
PXH vs. PEFIX - Volatility Comparison
The current volatility for Invesco FTSE RAFI Emerging Markets ETF (PXH) is 4.46%, while PIMCO RAE PLUS EMG Fund (PEFIX) has a volatility of 4.75%. This indicates that PXH experiences smaller price fluctuations and is considered to be less risky 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 | 4.46% | 4.75% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.39% | 13.81% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 16.06% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 15.86% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 16.78% | +3.08% |
PXH vs. PEFIX - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is lower than PEFIX's 1.10% expense ratio.
Dividends
PXH vs. PEFIX - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 4.20%, less than PEFIX's 7.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEFIX PIMCO RAE PLUS EMG Fund | 7.87% | 3.73% | 9.33% | 2.11% | 18.29% | 46.03% | 8.19% | 0.38% | 4.76% | 7.08% | 4.48% | 0.00% |
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.20% | 4.02% | 4.43% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% |
Frequently Asked Questions
PXH and PEFIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEFIX has higher volatility (4.75%) compared to PXH (4.46%). In terms of maximum drawdown, PXH dropped -63.63% vs PEFIX's -51.44%.
PEFIX currently has the higher Sharpe Ratio (1.91 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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