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ETF comparison

PCY vs VWOB

Both International Bond.

Invesco Emerging Markets Sovereign Debt ETF · Vanguard Emerging Markets Government Bond Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
8.5 %

83 positions appear in both funds. Buying equal dollars of PCY and VWOB would leave roughly 8.5% of each dollar exposed to the same underlying securities.

PCY unmatched 89.9% Shared 8.5% VWOB unmatched 89.1%

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
20 positions
Shared
83 positions
In VWOB only
847 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%
VWOB

Vanguard Emerging Markets Government Bond Index Fund ETF Shares

Vanguard · International Bond

82 composite / 100
Expense ratio
0.15%
Net assets
$6.58B
whole fund, 3 share classes
TTM yield
6.10%
Top-10 conc.
5.9%

Sub-score comparison

50
Cost
85
48
Tax efficiency
48
59
Liquidity
92
98
Concentration
100
—
Tracking quality
—
PCY sub-score VWOB

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

Cost difference

VWOB is 35 bps cheaper than PCY. On a $100,000 position that's about $350/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 VWOB.

Top shared holdings

83 shared in total
# Holding In PCY In VWOB Overlap
1 Qatar Government International Bond 0.91% 0.38% 0.38%
2 Qatar Government International Bond 0.90% 0.38% 0.38%
3 Saudi Government International Bond 0.93% 0.31% 0.31%
4 Brazilian Government International Bond 0.95% 0.25% 0.25%
5 Panama Government International Bond 0.97% 0.22% 0.22%
6 Oman Government International Bond 0.95% 0.21% 0.21%
7 Republic of Poland Government International Bond 1.46% 0.21% 0.21%
8 Turkiye Government International Bond 0.96% 0.20% 0.20%
9 Turkiye Government International Bond 0.94% 0.20% 0.20%
10 Mexico Government International Bond 0.91% 0.20% 0.20%
11 Republic of South Africa Government International Bond 0.94% 0.18% 0.18%
12 Brazilian Government International Bond 0.96% 0.18% 0.18%

Only in PCY

20 total
  • Trinidad & Tobago Government International Bond 1.01%
  • El Salvador Government International Bond 1.01%
  • El Salvador Government International Bond 1.00%
  • Angolan Government International Bond 0.99%
  • Guatemala Government Bond 0.99%
  • Trinidad & Tobago Government International Bond 0.98%
  • Mongolia Government International Bond 0.98%
  • Mongolia Government International Bond 0.98%
  • Serbia International Bond 0.97%
  • Guatemala Government Bond 0.97%

Only in VWOB

847 total
  • Argentine Republic Government International Bond 1.20%
  • Argentine Republic Government International Bond 0.71%
  • Argentine Republic Government International Bond 0.67%
  • Argentine Republic Government International Bond 0.58%
  • Petroleos Mexicanos 0.55%
  • Petroleos Mexicanos 0.51%
  • Eagle Funding Luxco Sarl 0.47%
  • Eagle Funding Luxco Sarl 0.41%
  • Saudi Government International Bond 0.38%
  • Saudi Government International Bond 0.38%

Percentages are holdings overlap with the named fund.

Open PCY or VWOB at a brokerage

Both funds trade commission-free at major US brokerages.

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.