EMF vs PICB

Comparison between Templeton Emerging Markets Fund (EMF, ETF) and INVESCO INTERNATIONAL CORPORATE BOND ETF (PICB, ETF).

5-Year PerformanceEMF has outperformed PICB, delivering a return of +13.3% compared to -1.8%

EMF vs PICB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EMF(ETF)	PICB(ETF)
Net Assets	$361M	$359M
Expense Ratio	N/A	0.50%
Max Drawdown	72.52%	39.48%
Sharpe Ratio	1.70	-0.11
5Y Beta	0.76	0.10
5Y Dividends CAGR	20.60%	17.02%

Net Assets

Winner

EMF

$361M

PICB

$359M

Expense Ratio

EMF

N/A

PICB

0.50%

Max Drawdown

EMF

72.52%

Winner

PICB

39.48%

Sharpe Ratio

Winner

EMF

1.70

PICB

-0.11

5Y Beta

EMF

0.76

Winner

PICB

0.10

5Y Dividends CAGR

Winner

EMF

20.60%

PICB

17.02%

EMF vs PICB - Historical Returns

Returns include dividend reinvestment.

Period	EMF	PICB
1 month	+4.66%	+2.57%
3 months	+1.55%	+0.57%
6 months	+8.00%	-1.99%
1 year	+55.39%	+2.31%
5 years(CAGR)	+13.26%	-1.79%
10 years(CAGR)	+13.36%	+0.49%
Max(CAGR)	+9.50%	+1.95%

Winner

EMF

+4.66%

PICB

+2.57%

Winner

EMF

+1.55%

PICB

+0.57%

Winner

EMF

+8.00%

PICB

-1.99%

Winner

EMF

+55.39%

PICB

+2.31%

5Y(CAGR)

Winner

EMF

+13.26%

PICB

-1.79%

10Y(CAGR)

Winner

EMF

+13.36%

PICB

+0.49%

Max(CAGR)

Winner

EMF

+9.50%

PICB

+1.95%

EMF vs PICB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EMF	PICB
2026	+30.77%	+0.27%
2025	+57.75%	+14.99%
2024	+4.77%	-1.75%
2023	+7.70%	+12.57%
2022	-22.82%	-21.87%
2021	-8.69%	-6.81%
2020	+19.61%	+12.70%
2019	+24.33%	+10.21%
2018	-17.20%	-7.30%
2017	+49.63%	+15.90%
2016	+25.38%	-0.48%
2015	-26.61%	-8.41%
2014	-3.63%	-0.35%
2013	-6.39%	+3.11%
2012	+10.97%	+14.81%
2011	-24.67%	+1.03%
2010	+14.61%	+10.61%
2009	+110.57%	N/A
2008	-53.32%	N/A
2007	+36.03%	N/A
2006	+17.07%	N/A
2005	+31.79%	N/A
2004	+15.59%	N/A
2003	+81.60%	N/A
2002	-1.16%	N/A
2001	+5.71%	N/A
2000	-43.35%	N/A
1999	+23.27%	N/A

EMF vs PICB Drawdown Comparison

The maximum drawdown for EMF was -68.69%, occurring on Nov 20, 2008. Recovery took 549 trading sessions.

The maximum drawdown for PICB was -37.10%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current EMF drawdown is -9.89%. The current PICB drawdown is -11.44%.

Rank	EMF	PICB
#1	-68.69% Oct 31, 2007 - Jan 6, 2010	-37.10% Dec 31, 2020 - Sep 27, 2022
#2	-50.48% Apr 8, 2011 - Oct 12, 2017	-23.37% Feb 1, 2018 - Jul 21, 2020
#3	-48.89% Jan 3, 2000 - Oct 13, 2003	-17.26% Jun 30, 2014 - Feb 1, 2018
#4	-47.63% Feb 17, 2021 - Aug 13, 2025	-11.36% Aug 5, 2011 - Aug 28, 2012
#5	-39.30% Jan 14, 2020 - Nov 5, 2020	-9.99% Nov 4, 2010 - Apr 21, 2011
#6	-31.38% Jan 19, 2006 - Dec 26, 2006	-8.39% May 1, 2013 - Oct 18, 2013
#7	-31.32% Jan 13, 2004 - Nov 17, 2004	-4.44% Jan 14, 2013 - Apr 29, 2013
#8	-27.72% Jan 26, 2018 - Jan 2, 2020	-3.31% Oct 14, 2010 - Nov 4, 2010
#9	-26.55% Jan 19, 2010 - Oct 1, 2010	-3.19% May 2, 2011 - Jul 26, 2011
#10	-22.38% Jul 23, 2007 - Sep 18, 2007	-3.17% Sep 1, 2020 - Nov 6, 2020
#11	-20.84% Mar 18, 2005 - Jul 28, 2005	-2.75% Aug 6, 2010 - Sep 22, 2010
#12	-19.47% Feb 25, 2026 - May 5, 2026	-2.18% Oct 24, 2013 - Feb 13, 2014
#13	-18.32% Jun 22, 2026 - Jul 29, 2026	-1.76% Jun 3, 2010 - Jun 14, 2010
#14	-15.59% Jan 3, 2007 - May 22, 2007	-1.52% May 6, 2014 - Jun 26, 2014
#15	-11.49% Nov 10, 2010 - Apr 6, 2011	-1.33% Mar 14, 2014 - Apr 8, 2014

Correlation

Correlation between EMF and PICB is 0.48 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.48

-101

Dividend Comparison (2000 - 2026)

EMF vs PICB dividend yield comparison.

Year	EMF	PICB
2026	2.09%	2.21%
2025	9.73%	3.17%
2024	4.28%	3.19%
2023	6.22%	2.24%
2022	9.89%	1.64%
2021	6.92%	1.34%
2020	3.51%	1.22%
2019	7.36%	1.42%
2018	5.92%	1.70%
2017	12.11%	1.47%
2016	1.62%	2.20%
2015	12.81%	2.39%
2014	7.67%	2.64%
2013	9.66%	2.73%
2012	2.30%	3.09%
2011	1.87%	3.96%
2010	0.63%	1.94%
2009	0.72%	0.00%
2008	15.86%	0.00%
2007	9.34%	0.00%
2006	28.68%	0.00%
2005	10.26%	0.00%
2004	1.49%	0.00%
2003	1.61%	0.00%
2002	1.93%	0.00%
2001	1.35%	0.00%
2000	1.35%	0.00%