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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

Holdings overlap

Weighted by ISIN/CUSIP
8.9 %

84 positions appear in both funds. Buying equal dollars of PCY and VWOB would leave roughly 8.9% of each dollar exposed to the same underlying securities.

PCY only 89.7% Shared 8.9% VWOB only 89.0%
In PCY only
17 positions
Shared
84 positions
In VWOB only
830 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%
VWOB

Vanguard Emerging Markets Government Bond Index Fund

Vanguard · International Bond

82 composite / 100
Expense ratio
0.15%
Net assets
$6.76B
TTM yield
5.86%
Top-10 conc.
6.0%

Sub-score comparison

50
Cost
85
49
Tax efficiency
49
63
Liquidity
93
87
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

84 shared in total
# Holding In PCY In VWOB Overlap
1 Qatar Government International Bond 0.92% 0.41% 0.41%
2 Qatar Government International Bond 0.93% 0.39% 0.39%
3 Saudi Government International Bond 0.94% 0.33% 0.33%
4 Brazilian Government International Bond 0.98% 0.26% 0.26%
5 Oman Government International Bond 0.97% 0.22% 0.22%
6 Republic of Poland Government International Bond 1.46% 0.21% 0.21%
7 Mexico Government International Bond 0.94% 0.20% 0.20%
8 Panama Government International Bond 0.99% 0.20% 0.20%
9 Turkiye Government International Bond 0.93% 0.20% 0.20%
10 Turkiye Government International Bond 0.91% 0.20% 0.20%
11 Brazilian Government International Bond 0.98% 0.19% 0.19%
12 Republic of South Africa Government International Bond 0.92% 0.18% 0.18%

Only in PCY

17 total
  • Mongolia Government International Bond 1.47%
  • Mongolia Government International Bond 1.42%
  • Guatemala Government Bond 0.99%
  • Trinidad & Tobago Government International Bond 0.99%
  • Guatemala Government Bond 0.98%
  • Colombia Government International Bond 0.98%
  • Trinidad & Tobago Government International Bond 0.98%
  • El Salvador Government International Bond 0.97%
  • El Salvador Government International Bond 0.97%
  • Guatemala Government Bond 0.97%

Only in VWOB

830 total
  • Argentine Republic Government International Bond 1.14%
  • Argentine Republic Government International Bond 0.75%
  • Argentine Republic Government International Bond 0.66%
  • Petroleos Mexicanos 0.56%
  • Argentine Republic Government International Bond 0.54%
  • Petroleos Mexicanos 0.52%
  • Eagle Funding Luxco Sarl 0.49%
  • Eagle Funding Luxco Sarl 0.42%
  • Ecuador Government International Bond 0.41%
  • Saudi Government International Bond 0.40%

Open PCY or VWOB 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.