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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 %

17 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 only 98.6% Shared 0.1% SCHZ only 98.6%
In PCY only
84 positions
Shared
17 positions
In SCHZ only
12,065 positions

Side by side

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%
SCHZ

Schwab U.S. Aggregate Bond ETF

Schwab · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$10.60B
TTM yield
4.16%
Top-10 conc.
5.4%

Sub-score comparison

50
Cost
97
49
Tax efficiency
52
63
Liquidity
100
87
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

17 shared in total
# Holding In PCY In SCHZ Overlap
1 Mexico Government International Bond 0.94% 0.01% 0.01%
2 Panama Government International Bond 0.99% 0.01% 0.01%
3 Mexico Government International Bond 0.94% 0.01% 0.01%
4 Hungary Government International Bond 0.95% 0.01% 0.01%
5 Republic of Poland Government International Bond 1.46% 0.01% 0.01%
6 Peruvian Government International Bond 0.96% 0.01% 0.01%
7 Chile Government International Bond 0.95% 0.00% 0.00%
8 Peruvian Government International Bond 0.95% 0.00% 0.00%
9 Panama Government International Bond 0.99% 0.00% 0.00%
10 Philippine Government International Bond 0.96% 0.00% 0.00%
11 Philippine Government International Bond 0.94% 0.00% 0.00%
12 Indonesia Government International Bond 0.96% 0.00% 0.00%

Only in PCY

84 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 1.37%
  • Pakistan Government International Bond 1.33%
  • Angolan Government International Bond 1.04%
  • Angolan Government International Bond 1.03%
  • Angolan Government International Bond 1.00%
  • Nigeria Government International Bond 1.00%

Only in SCHZ

12,065 total
  • United States Treasury 0.44%
  • United States Treasury 0.39%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.37%
  • United States Treasury 0.36%
  • United States Treasury 0.36%

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.