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ETFs

Invesco Emerging Markets Sovereign Debt ETF

PCY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 11 2007
Expense Ratio
0.50%
Type
Global Ex. US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$8,129,359
AUM
$1,464,134,452
Associated Index
DB Emerging Market USD Liquid Balanced Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
El Salvador Government International Bond
1.74%
n/a
El Salvador Government International Bond
1.66%
n/a
El Salvador Government International Bond
1.64%
n/a
Kazakhstan Government International Bond
1.53%
n/a
Kuwait International Government Bond
1.52%
n/a
Kazakhstan Government International Bond
1.52%
n/a
Kenya - 7.25% NT REDEEM 28/02/2028 USD 200000 - Reg S
1.43%
n/a
Kenya - 8.25% NT REDEEM 28/02/2048 USD 200000 - Reg S
1.40%
n/a
Pakistan - 6.875% NT REDEEM 05/12/2027 USD 200000 - Reg S
1.20%
n/a
Pakistan - 8.875% NT REDEEM 08/04/2051 USD 200000 - Reg S
1.17%
Invest with PCY

What is PCY?

The Invesco Emerging Markets Sovereign Debt ETF is based on the DBIQ Emerging Market USD Liquid Balanced Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index tracks the potential returns of a theoretical portfolio of liquid emerging markets US dollar-denominated government bonds issued by more than 20 emerging-market countries. The countries in the Index are selected annually pursuant to a proprietary index methodology. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPCY

ETFs correlated to PCY include EMB, JPMB, VWOB

PCY
Invesco Capital Management LLC - Invesco Emerging Markets Sovereign Debt ETF
EMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan USD Emerging Markets Bond ETF
JPMB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan USD Emerging Markets Sovereign Bond ETF
VWOB
Vanguard Group, Inc. - Vanguard Emerging Markets Government Bond ETF
EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
CEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Corporate Bond ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPCY

#ROT

Ride the Oil Trend

Category

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Risk Rating

Aggressive

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Risk Rating

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Create your own algorithmic trading strategy with PCY using Composer

FAQ

PCY is a Global Ex. US Bonds ETF. The Invesco Emerging Markets Sovereign Debt ETF is based on the DBIQ Emerging Market USD Liquid Balanced Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index tracks the potential returns of a theoretical portfolio of liquid emerging markets US dollar-denominated government bonds issued by more than 20 emerging-market countries. The countries in the Index are selected annually pursuant to a proprietary index methodology. The Fund and the Index are rebalanced and reconstituted quarterly.

PCY tracks the DB Emerging Market USD Liquid Balanced Index.

No, PCY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PCY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PCY is -0.0153%. This is the percent change in the value of PCY over the most recent 1-month period. The 3-month return on PCY is -0.0233%. This is the percent change in the value of PCY over the most recent 3-month period.

The standard deviation of PCY for the past year is 0.1701%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PCY include SHY, BIL, and TLT.

ETFs correlated to PCY include EMB, JPMB, and VWOB.

ETFs that are inversely correlated to PCY include SJB, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.