PCYvsXEMDETF Comparison
VS
ETF 2
XEMD
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
This fund is part of
EM Government Bonds
+0.13%
Invesco Emerging Markets Sovereign Debt ETF (PCY) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) belong to the same industry segment: EM Government Bonds. PCY's top 3 sector exposures are Sovereign, Municipal and Finance. In contrast, XEMD's top sector exposures are Sovereign, Finance and Energy. PCY is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.29% for XEMD. PCY is down -1.02% year-to-date (YTD) with +$35M in YTD flows. XEMD performs better with 2.29% YTD performance, and +$233M in YTD flows. Run a side-by-side ETF comparison of PCY and XEMD 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 XEMD 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 XEMD | -1.62%-0.95% | -3.82%-1.23% | -1.02%+2.29% | +1.23%+5.88% | +31.76%+34.04% | +2.48%n/a |
| Flows | PCY XEMD | -$78M+$69M | -$65M+$24M | +$35M+$233M | +$68M+$525M | -$304M+$750M | -$802M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PCY XEMD | +4.83%+2.52% | +5.60%+3.48% | +7.29%+3.81% | +8.92%n/a |
| Max drawdown | PCY XEMD | -4.14%-1.32% | -5.09%-3.05% | -8.39%-3.25% | -36.93%n/a |
| Max drawdown duration | PCY XEMD | 87d92d | 106d58d | 274d47d | 1455dn/a |
Trading data
PCY | XEMD | |
Last sale 9/17/2026 at 3:56 PM | $20.82 | $43.96 |
| Previous close 09/16/2026 | $20.67 | $43.76 |
| 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 | XEMD | |
|---|---|---|
| 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 | XEMD | |
|---|---|---|
| Last price | $20.82 | $43.96 |
| 1D performance | +0.73% | +0.45% |
| AuM | $1.28 B | $957.18 M |
| E/R | 0.5% | 0.29% |
Characteristics
PCY | XEMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Bondbloxx Investment Management LLC |
| Benchmark | DBIQ Emerging Markets USD Liquid Balanced Index | J.P. Morgan EMBI Global Diversified Liquid 1-10 Year Maturity Index |
| N° of holdings | 102 | 425 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 11, 2007 | June 30, 2022 |
| ESG | No | No |
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Exposure
Countries
PCY
Other
100%
XEMD
Saudi Arabia
7%
Other
93%
Sectors
PCY
Sovereign
96.23%
Other
3.77%
XEMD
Sovereign
85.62%
Other
14.38%
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Diversification
PCY
Total weight of top 15 holdings out of 15
16.7%
XEMD
Total weight of top 15 holdings out of 15
12.02%
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%
XEMD
Argentina, 4.125% 9jul2035, USD
1.76%
Ecuador, 6.9% 31jul2035, USD
1.30%
Argentina, 5% 9jan2038, USD
1.03%
Argentina, 0.75% 9jul2030, USD
0.97%
Ghana, 5% 3jul2035, USD
0.91%
Argentina, 3.5% 9jul2041, USD
0.84%
Mexico, 5.5% 17aug2030, USD
0.71%
Ukraine, 4% 1feb2032, USD
0.69%
Ecuador, 8.75% 29jan2034, USD
0.63%
Uruguay, 5.75% 28oct2034, USD
0.54%
Ukraine, 4.5% 1feb2034, USD
0.54%
Brazil, 6.625% 15mar2035, USD
0.53%
Oman, 5.625% 17jan2028, USD (2)
0.52%
Petronas, 3.5% 21apr2030, USD
0.52%
Ghana, 5% 3jul2029, USD
0.51%
Frequently asked questions about PCY and XEMD
How have the PCY and XEMD ETFs performed in 2026?
As of September 16, 2026, PCY is down -1.02% year-to-date (YTD), while XEMD has returned 2.29%. That puts XEMD better performer ahead so far this year.
Which ETF is attracting more investor money: PCY or XEMD?
Year-to-date, the PCY ETF saw +$35M in flows, compared to +$233M for XEMD.
Which ETF is more volatile: PCY or XEMD?
Over the past year, PCY had a volatility of 5.6%, while XEMD experienced 3.48%.
Which ETF is bigger: PCY or XEMD?
As of September 16, 2026, PCY holds $1.28 B in assets under management (AUM), while XEMD manages $957.18 M.
What sectors do the PCY and XEMD ETFs invest in?
PCY leans toward sectors like Sovereign. Meanwhile, XEMD focuses on Sovereign.
What are the top holdings of the PCY ETF and XEMD ETF?
PCY top holdings include Poland, 4.875% 12feb2030, USD, Pakistan, 8.875% 8apr2051, USD and Pakistan, 7.375% 8apr2031, USD. XEMD holds in its top three: Argentina, 4.125% 9jul2035, USD, Ecuador, 6.9% 31jul2035, USD and Argentina, 5% 9jan2038, USD.
Which ETF is more diversified: PCY or XEMD?
PCY holds 102 securities with 16.7% of its assets in the top 15. XEMD has 425 securities and a top 15 weight of 12.02%.
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