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ETF comparison

EMB vs PCY

Both International Bond.

iShares J.P. Morgan USD Emerging Markets Bond ETF · Invesco Emerging Markets Sovereign Debt ETF

Holdings overlap

Weighted by ISIN/CUSIP
10.4 %

61 positions appear in both funds. Buying equal dollars of EMB and PCY would leave roughly 10.4% of each dollar exposed to the same underlying securities.

EMB only 86.5% Shared 10.4% PCY only 88.2%
In EMB only
613 positions
Shared
61 positions
In PCY only
40 positions

Side by side

EMB

iShares J.P. Morgan USD Emerging Markets Bond ETF

iShares · International Bond

74 composite / 100
Expense ratio
0.39%
Net assets
$14.62B
TTM yield
5.09%
Top-10 conc.
6.1%
PCY

Invesco Emerging Markets Sovereign Debt ETF

Invesco · International Bond

59 composite / 100
Expense ratio
0.50%
Net assets
$1.41B
TTM yield
5.89%
Top-10 conc.
19.1%

Sub-score comparison

61
Cost
50
50
Tax efficiency
49
100
Liquidity
63
100
Concentration
87
—
Tracking quality
—
EMB sub-score PCY

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

EMB is 11 bps cheaper than PCY. On a $100,000 position that's about $110/yr more in fees for PCY.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with EMB vs PCY.

Top shared holdings

61 shared in total
# Holding In EMB In PCY Overlap
1 Oman Government International Bonds 0.42% 0.97% 0.42%
2 Republic of South Africa Government International Bonds 0.33% 0.92% 0.33%
3 Republic of Poland Government International Bonds 0.32% 1.46% 0.32%
4 Panama Government International Bonds 0.31% 0.99% 0.31%
5 Oman Government International Bonds 0.30% 0.95% 0.30%
6 FED REPUBLIC OF BRAZIL 0.28% 0.98% 0.28%
7 Hungary Government International Bonds 0.27% 0.95% 0.27%
8 Egypt Government International Bonds 0.26% 0.91% 0.26%
9 Angola Government International Bonds 0.24% 1.00% 0.24%
10 Dominican Republic International Bonds 0.24% 0.95% 0.24%
11 Angola Government International Bonds 0.24% 1.04% 0.24%
12 REPUBLIC OF KAZAKHSTAN 0.23% 0.98% 0.23%

Only in EMB

613 total
  • Argentina Republic Government International Bonds 1.10%
  • Ecuador Government International Bonds 0.77%
  • Argentina Republic Government International Bonds 0.71%
  • Argentina Republic Government International Bonds 0.63%
  • Ghana Government International Bonds 0.52%
  • Argentina Republic Government International Bonds 0.52%
  • Uruguay Government International Bonds 0.51%
  • EAGLE FUNDING LUXCO SARL 0.50%
  • Republic of Poland Government International Bonds 0.39%
  • UKRAINE GOVERNMENT 0.37%

Only in PCY

40 total
  • Mongolia Government International Bond 1.47%
  • Kuwait International Government Bond 1.44%
  • Kuwait International Government Bond 1.42%
  • Mongolia Government International Bond 1.42%
  • Pakistan Government International Bond 1.33%
  • Nigeria Government International Bond 1.00%
  • Guatemala Government Bond 0.99%
  • Guatemala Government Bond 0.98%
  • Colombia Government International Bond 0.98%
  • El Salvador Government International Bond 0.98%

Open EMB or PCY at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.