PCYvsEMHCETF Comparison
VS
ETF 2
EMHC
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
This fund is part of
EM Government Bonds
+0.13%
Invesco Emerging Markets Sovereign Debt ETF (PCY) and State Street SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) belong to the same industry segment: EM Government Bonds. PCY's top 3 sector exposures are Sovereign, Municipal and Finance. In contrast, EMHC's top sector exposures are Sovereign, Energy and Finance. PCY is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.23% for EMHC. PCY is down -1.02% year-to-date (YTD) with +$35M in YTD flows. EMHC performs better with -0.21% YTD performance, and +$91M in YTD flows. Run a side-by-side ETF comparison of PCY and EMHC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PCY vs EMHC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PCY EMHC | -1.62%-1.38% | -3.82%-2.57% | -1.02%-0.21% | +1.23%+2.86% | +31.76%+26.82% | +2.48%+4.42% |
| Flows | PCY EMHC | -$78M+$20M | -$65M+$55M | +$35M+$91M | +$68M+$101M | -$304M+$102M | -$802M+$163M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PCY EMHC | +4.83%+3.50% | +5.60%+4.27% | +7.29%+4.98% | +8.92%+6.29% |
| Max drawdown | PCY EMHC | -4.14%-2.70% | -5.09%-3.93% | -8.39%-4.73% | -36.93%-27.64% |
| Max drawdown duration | PCY EMHC | 87d92d | 106d104d | 274d57d | 1455d1449d |
Trading data
PCY | EMHC | |
Last sale 9/17/2026 at 3:56 PM | $20.82 | $24.56 |
| Previous close 09/16/2026 | $20.67 | $24.44 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PCY | EMHC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 3:56 PM
Live
Closed
PCY | EMHC | |
|---|---|---|
| Last price | $20.82 | $24.56 |
| 1D performance | +0.73% | +0.47% |
| AuM | $1.28 B | $310.37 M |
| E/R | 0.5% | 0.23% |
Characteristics
PCY | EMHC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | DBIQ Emerging Markets USD Liquid Balanced Index | Bloomberg Emerging Market USD Sovereign and Sovereign Owned Index |
| N° of holdings | 102 | 533 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 11, 2007 | April 7, 2021 |
| ESG | No | No |
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Exposure
Countries
PCY
Other
100%
EMHC
Other
100%
Sectors
PCY
Sovereign
96.23%
Other
3.77%
EMHC
Sovereign
82.18%
Other
17.82%
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Diversification
PCY
Total weight of top 15 holdings out of 15
16.7%
EMHC
Total weight of top 15 holdings out of 15
9.8%
Top 15 holdings
Data as of July 31, 2026
PCY
Poland, 4.875% 12feb2030, USD
1.49%
Pakistan, 8.875% 8apr2051, USD
1.47%
Pakistan, 7.375% 8apr2031, USD
1.46%
Angola, 9.125% 26nov2049, USD (2)
1.06%
Angola, 9.375% 8may2048, USD
1.05%
Colombia, 8.375% 7nov2054, USD
1.03%
Guatemala, 6.875% 15aug2055, USD
1.03%
Nigeria, 8.25% 28sep2051, USD
1.03%
El Salvador, 7.625% 1feb2041, USD
1.02%
Angola, 9.875% 31mar2037, USD (8)
1.02%
Nigeria, 7.625% 28nov2047, USD
1.02%
Nigeria, 9.248% 21jan2049, USD
1.01%
Trinidad and Tobago, 6.5% 28jan2036, USD
1.01%
Colombia, 5.625% 26feb2044, USD
1.00%
Guatemala, 6.55% 6feb2037, USD
1.00%
EMHC
Argentina, 4.125% 9jul2035, USD
1.73%
Argentina, 5% 9jan2038, USD
0.99%
Argentina, 3.5% 9jul2041, USD
0.80%
Argentina, 0.75% 9jul2030, USD
0.78%
Brazil, 6.625% 15mar2035, USD
0.67%
Ecuador, 6.9% 31jul2035, USD
0.56%
Kuwait, 4.652% 9oct2035, USD (5)
0.54%
Qatar, 4.25% 10nov2035, USD (1)
0.53%
Indonesia, 5.95% 8jan2046, USD (17)
0.49%
Qatar, 5.103% 23apr2048, USD
0.48%
Panama, 6.7% 26jan2036, USD (A)
0.47%
Codelco, 6.3% 8sep2053, USD
0.46%
Qatar, 4.817% 14mar2049, USD
0.45%
Hungary, 7.625% 29mar2041, USD
0.45%
China, 3.75% 13nov2030, USD
0.43%
Frequently asked questions about PCY and EMHC
How have the PCY and EMHC ETFs performed in 2026?
As of September 16, 2026, PCY is down -1.02% year-to-date (YTD), while EMHC has lost -0.21%. That puts EMHC better performer ahead so far this year.
Which ETF is attracting more investor money: PCY or EMHC?
Year-to-date, the PCY ETF saw +$35M in flows, compared to +$91M for EMHC.
Which ETF is more volatile: PCY or EMHC?
Over the past year, PCY had a volatility of 5.6%, while EMHC experienced 4.27%.
Which ETF is bigger: PCY or EMHC?
As of September 16, 2026, PCY holds $1.28 B in assets under management (AUM), while EMHC manages $310.37 M.
What sectors do the PCY and EMHC ETFs invest in?
PCY leans toward sectors like Sovereign. Meanwhile, EMHC focuses on Sovereign.
What are the top holdings of the PCY ETF and EMHC ETF?
PCY top holdings include Poland, 4.875% 12feb2030, USD, Pakistan, 8.875% 8apr2051, USD and Pakistan, 7.375% 8apr2031, USD. EMHC holds in its top three: Argentina, 4.125% 9jul2035, USD, Argentina, 5% 9jan2038, USD and Argentina, 3.5% 9jul2041, USD.
Which ETF is more diversified: PCY or EMHC?
PCY holds 102 securities with 16.7% of its assets in the top 15. EMHC has 538 securities and a top 15 weight of 9.8%.
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