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ETF comparison

PCY vs SCHZ

International Bond vs US Aggregate Bond.

Invesco Emerging Markets Sovereign Debt ETF · Schwab U.S. Aggregate Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.1 %

18 positions appear in both funds. Buying equal dollars of PCY and SCHZ would leave roughly 0.1% of each dollar exposed to the same underlying securities.

PCY unmatched 98.3% Shared 0.1% SCHZ unmatched 98.6%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In PCY only
85 positions
Shared
18 positions
In SCHZ only
12,308 positions

Side by side

PCY

Invesco Emerging Markets Sovereign Debt ETF

Invesco · International Bond

59 composite / 100
Expense ratio
0.50%
Net assets
$1.17B
TTM yield
6.28%
Top-10 conc.
11.4%
SCHZ

Schwab U.S. Aggregate Bond ETF

Schwab · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$10.45B
TTM yield
4.30%
Top-10 conc.
3.7%

Sub-score comparison

50
Cost
97
48
Tax efficiency
52
59
Liquidity
100
98
Concentration
100
—
Tracking quality
—
PCY sub-score SCHZ

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

Cost difference

SCHZ is 47 bps cheaper than PCY. On a $100,000 position that's about $470/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 PCY vs SCHZ.

Top shared holdings

18 shared in total
# Holding In PCY In SCHZ Overlap
1 Panama Government International Bond 0.97% 0.01% 0.01%
2 Mexico Government International Bond 0.91% 0.01% 0.01%
3 Republic of Poland Government International Bond 1.46% 0.01% 0.01%
4 Mexico Government International Bond 0.90% 0.01% 0.01%
5 Hungary Government International Bond 0.95% 0.01% 0.01%
6 Chile Government International Bond 0.92% 0.01% 0.01%
7 Peruvian Government International Bond 0.96% 0.00% 0.00%
8 Chile Government International Bond 0.92% 0.00% 0.00%
9 Peruvian Government International Bond 0.94% 0.00% 0.00%
10 Panama Government International Bond 0.97% 0.00% 0.00%
11 Philippine Government International Bond 0.91% 0.00% 0.00%
12 Philippine Government International Bond 0.91% 0.00% 0.00%

Only in PCY

85 total
  • Pakistan Government International Bond 1.43%
  • Pakistan Government International Bond 1.43%
  • Angolan Government International Bond 1.04%
  • Angolan Government International Bond 1.04%
  • Nigeria Government International Bond 1.02%
  • Trinidad & Tobago Government International Bond 1.01%
  • El Salvador Government International Bond 1.01%
  • Nigeria Government International Bond 1.01%
  • Colombia Government International Bond 1.00%
  • El Salvador Government International Bond 1.00%

Only in SCHZ

12,308 total
  • United States Treasury 0.39%
  • United States Treasury 0.39%
  • United States Treasury 0.39%
  • United States Treasury 0.37%
  • United States Treasury 0.37%
  • United States Treasury 0.37%
  • United States Treasury 0.36%
  • United States Treasury 0.36%
  • United States Treasury 0.36%
  • United States Treasury 0.36%

Related comparisons

More comparisons with PCY

More comparisons with SCHZ

Percentages are holdings overlap with the named fund.

Open PCY or SCHZ 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.