Which returned more over the last year, PCY or VWOB?

In the year to Oct 9, 2026, with distributions reinvested, PCY returned −1.4% and VWOB +0.5%.

Which is cheaper, PCY or VWOB?

VWOB is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.

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PCY vs VWOB: Differences, Returns & Fees

On Jul 31, 2026 PCY's duration was 9.8 years and VWOB's 6.4; VWOB charges 0.15% to PCY's 0.50%. Net assets: $1.2bn on Oct 9, 2026 for Invesco Emerging Markets Sovereign Debt ETF, and $6.1bn on Sep 30, 2026 for Vanguard Emerging Markets Government Bond ETF.

VWOB costs 0.35 points a year less; their one-year returns differ by 1.9 points.

	PCY	VWOB
Expense ratio	0.50%	0.15%
Net assets, PCY as of Oct 9, 2026 and VWOB as of Sep 30, 2026	$1.2bn	$6.1bn
Total return, 1 year	−1.4%	+0.5%
What it tracks	DBIQ Emerging Markets USD Liquid Balanced Index	not read by ETFIQ
Holdings in common	9%
Below its high	6.5%, high on Jun 18, 2026	4.2%, high on Jun 29, 2026

Holdings in common uses holdings dated Jul 31, 2026.

−1.4%

PCY total return, 1 year

+0.5%

VWOB total return, 1 year

0.50%

PCY expense ratio

0.15%

VWOB expense ratio

What they hold in common

By the books each fund has filed, PCY and VWOB hold 9% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026.

50%

half

9% in common

Positions both hold, largest shared weight first

Holding PCY VWOB

Qatar Government International Bond, due Apr 23, 2048 0.91% 0.38%

Qatar Government International Bond, due Mar 14, 2049 0.90% 0.38%

Saudi Government International Bond, due Jan 16, 2054 0.93% 0.31%

Brazilian Government International Bond, due Jan 12, 2056 0.95% 0.25%

Panama Government International Bond, due Feb 14, 2035 0.97% 0.22%

Oman Government International Bond, due Jan 17, 2048 0.95% 0.21%

Republic of Poland Government International Bond, due Feb 12, 2030 1.46% 0.21%

Turkiye Government International Bond, due Feb 17, 2045 0.96% 0.20%

Turkiye Government International Bond, due May 11, 2047 0.94% 0.20%

Mexico Government International Bond, due May 4, 2053 0.91% 0.20%

Republic of South Africa Government International Bond, due Sep 30, 2049 0.94% 0.18%

Brazilian Government International Bond, due Jan 14, 2050 0.96% 0.18%

Only in PCY

Trinidad & Tobago Government International Bond, due Jan 28, 2036 1.01%

Angolan Government International Bond, due Mar 31, 2037 0.99%

Mongolia Government International Bond, due Mar 9, 2032 0.98%

Serbia International Bond, due May 6, 2036 0.97%

Kuwait International Government Bond, due Apr 20, 2033 0.95%

Only in VWOB

ARGENTINA, due Jul 9, 2035 1.20%

ARGENTINA, due Jan 9, 2038 0.71%

ARGENTINA, due Jul 9, 2030 0.67%

ARGENTINA, due Jul 9, 2041 0.58%

PETROLEOS MEXICA, due Jan 23, 2050 0.55%

PETROLEOS MEXICA, due Feb 16, 2032 0.51%

EAGLE LUXCO, due Aug 17, 2030 0.47%

EAGLE LUXCO, due Aug 17, 2030 0.41%

Check overlap with more funds →

On the same fields

PCY

Invesco Emerging Markets Sovereign Debt ETF

VWOB

Vanguard Emerging Markets Government Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Invesco Vanguard

What it is Tracks an index Tracks an index

Total return, 1 year −1.4% +0.5%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −18.7 pts −16.8 pts

Expense ratio 0.50% 0.15%

Holdings 103 944

Net assets, PCY as of Oct 9, 2026 and VWOB as of Sep 30, 2026 $1.2bn $6.1bn

PCY and VWOB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

PCY in plain words

PCY tracks an index. Over the year to Oct 9, 2026 it returned −1.4% with distributions reinvested. The prospectus expense ratio is 0.50% a year. It sat 6.5% below its high of Jun 18, 2026 on Oct 9, 2026.

VWOB in plain words

VWOB tracks an index. Over the year to Oct 9, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 4.2% below its high of Jun 29, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, PCY or VWOB?: In the year to Oct 9, 2026, with distributions reinvested, PCY returned −1.4% and VWOB +0.5%.
Which is cheaper, PCY or VWOB?: VWOB is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EMB vs PCY EMB vs VWOB VWO vs VWOB

PCY on its own →VWOB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

PCY filings on SEC EDGAR ↗PCY prospectus with the expense ratio (SEC) ↗Invesco page for PCY ↗VWOB filings on SEC EDGAR ↗VWOB prospectus with the expense ratio (SEC) ↗Vanguard page for VWOB ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, PCY against VWOB, data as of Oct 9, 2026. https://etfiq.com/compare/any/pcy-vs-vwob

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.