VWOBvsPCYETF Comparison
VS
Vanguard Emerging Markets Government Bond ETF (VWOB) and Invesco Emerging Markets Sovereign Debt ETF (PCY) belong to the same industry segment: EM Government Bonds. VWOB's top 3 sector exposures are Sovereign, Energy and Municipal. In contrast, PCY's top sector exposures are Sovereign, Municipal and Finance. VWOB is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.5% for PCY. VWOB is down -1.24% year-to-date (YTD) with +$793M in YTD flows. PCY performs worse with -2.14% YTD performance, and -$39M in YTD flows. Run a side-by-side ETF comparison of VWOB and PCY 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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VWOB vs PCY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWOB PCY | +0.92%+1.22% | -2.02%-2.56% | -1.24%-2.14% | -0.74%-2.07% | +31.76%+37.80% | +8.25%+4.10% |
| Flows | VWOB PCY | -$57M-$66M | +$50M-$165M | +$793M-$39M | +$1.23B+$6M | +$2.65B-$280M | +$3.73B-$818M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWOB PCY | +4.77%+6.61% | +4.43%+6.06% | +4.97%+7.12% | +6.42%+8.96% |
| Max drawdown | VWOB PCY | -4.30%-5.77% | -5.05%-7.44% | -5.05%-8.39% | -25.72%-36.12% |
| Max drawdown duration | VWOB PCY | 61d63d | 133d128d | 133d274d | 1309d1395d |
Trading data
VWOB | PCY | |
Last sale 10/28/2026 at 1:30 PM | $63.75 | $20.21 |
| Previous close 10/27/2026 | $63.82 | $20.29 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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VWOB | PCY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
VWOB | PCY | |
|---|---|---|
| Last price | $63.75 | $20.21 |
| 1D performance | -0.11% | -0.39% |
| AuM | $6.11 B | $1.17 B |
| E/R | 0.15% | 0.5% |
Characteristics
VWOB | PCY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Invesco |
| Benchmark | Bloomberg USD Emerging Markets Government RIC Capped Index | DBIQ Emerging Markets USD Liquid Balanced Index |
| N° of holdings | 823 | 102 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 31, 2013 | October 11, 2007 |
| ESG | No | No |
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Exposure
Countries
VWOB
Saudi Arabia
13.36%
Mexico
10.82%
Other
75.82%
PCY
Other
100%
Sectors
VWOB
Sovereign
81.47%
Energy
8.59%
Other
9.95%
PCY
Sovereign
96.2%
Other
3.8%
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Diversification
VWOB
Total weight of top 15 holdings out of 15
7.68%
PCY
Total weight of top 15 holdings out of 15
16.69%
Top 15 holdings
Data as of August 31, 2026
VWOB
Argentina, 4.125% 9jul2035, USD
1.16%
Argentina, 5% 9jan2038, USD
0.68%
Argentina, 0.75% 9jul2030, USD
0.66%
Pemex, 7.69% 23jan2050, USD
0.56%
Argentina, 3.5% 9jul2041, USD
0.56%
Pemex, 6.7% 16feb2032, USD (C)
0.51%
Mexico, 5.5% 17aug2030, USD
0.46%
Mexico, 5.5% 17aug2030, USD
0.45%
Ecuador, 6.9% 31jul2035, USD
0.39%
Qatar, 5.103% 23apr2048, USD
0.39%
Qatar, 4.817% 14mar2049, USD
0.38%
Saudi Arabia, 4.5% 26oct2046, USD (3)
0.37%
Saudi Arabia, 5.125% 13jan2028, USD
0.37%
Saudi Arabia, 3.625% 4mar2028, USD
0.36%
Mexico, 6.25% 27aug2037, USD
0.35%
PCY
Pakistan, 8.875% 8apr2051, USD
1.50%
Pakistan, 7.375% 8apr2031, USD
1.49%
Poland, 4.875% 12feb2030, USD
1.47%
Angola, 9.375% 8may2048, USD
1.06%
Angola, 9.125% 26nov2049, USD (2)
1.05%
Colombia, 8.375% 7nov2054, USD
1.03%
Angola, 9.875% 31mar2037, USD (8)
1.03%
Nigeria, 7.625% 28nov2047, USD
1.02%
El Salvador, 7.625% 1feb2041, USD
1.01%
Trinidad and Tobago, 6.5% 28jan2036, USD
1.01%
El Salvador, 7.1246% 20jan2050, USD
1.01%
Nigeria, 9.248% 21jan2049, USD
1.01%
Trinidad and Tobago, 6.4% 26jun2034, USD
1.00%
Egypt, 8.7002% 1mar2049, USD
1.00%
Nigeria, 8.25% 28sep2051, USD
1.00%
Frequently asked questions about VWOB and PCY
How have the VWOB and PCY ETFs performed in 2026?
As of October 27, 2026, VWOB is down -1.24% year-to-date (YTD), while PCY has lost -2.14%. That puts VWOB better performer ahead so far this year.
Which ETF is attracting more investor money: VWOB or PCY?
Year-to-date, the VWOB ETF saw +$793M in flows, compared to -$39M for PCY.
Which ETF is more volatile: VWOB or PCY?
Over the past year, VWOB had a volatility of 4.43%, while PCY experienced 6.06%.
Which ETF is bigger: VWOB or PCY?
As of October 27, 2026, VWOB holds $6.11 B in assets under management (AUM), while PCY manages $1.17 B.
What sectors do the VWOB and PCY ETFs invest in?
VWOB leans toward sectors like Sovereign and Energy. Meanwhile, PCY focuses on Sovereign.
What are the top holdings of the VWOB ETF and PCY ETF?
VWOB top holdings include Argentina, 4.125% 9jul2035, USD, Argentina, 5% 9jan2038, USD and Argentina, 0.75% 9jul2030, USD. PCY holds in its top three: Pakistan, 8.875% 8apr2051, USD, Pakistan, 7.375% 8apr2031, USD and Poland, 4.875% 12feb2030, USD.
Which ETF is more diversified: VWOB or PCY?
VWOB holds 941 securities with 7.68% of its assets in the top 15. PCY has 102 securities and a top 15 weight of 16.69%.
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