FEMB vs PICB

Comparison between FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF (FEMB, ETF) and INVESCO INTERNATIONAL CORPORATE BOND ETF (PICB, ETF).

5-Year PerformanceFEMB has outperformed PICB, delivering a return of +2.6% compared to -2.2%

FEMB vs PICB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEMB(ETF)	PICB(ETF)
Net Assets	$353M	$353M
Expense Ratio	0.85%	0.50%
Max Drawdown	52.52%	39.48%
Sharpe Ratio	0.53	-0.41
5Y Beta	0.15	0.09
5Y Dividends CAGR	-1.78%	18.45%

Net Assets

FEMB

$353M

Winner

PICB

$353M

Expense Ratio

FEMB

0.85%

Winner

PICB

0.50%

Max Drawdown

FEMB

52.52%

Winner

PICB

39.48%

Sharpe Ratio

Winner

FEMB

0.53

PICB

-0.41

5Y Beta

FEMB

0.15

Winner

PICB

0.09

5Y Dividends CAGR

FEMB

-1.78%

Winner

PICB

18.45%

FEMB vs PICB - Historical Returns

Returns include dividend reinvestment.

Period	FEMB	PICB
1 month	+0.28%	-0.44%
3 months	-0.68%	-1.86%
6 months	+0.37%	-2.22%
1 year	+7.61%	-0.51%
5 years(CAGR)	+2.60%	-2.19%
10 years(CAGR)	+1.89%	+0.71%
Max(CAGR)	+1.01%	+1.84%

Winner

FEMB

+0.28%

PICB

-0.44%

Winner

FEMB

-0.68%

PICB

-1.86%

Winner

FEMB

+0.37%

PICB

-2.22%

Winner

FEMB

+7.61%

PICB

-0.51%

5Y(CAGR)

Winner

FEMB

+2.60%

PICB

-2.19%

10Y(CAGR)

Winner

FEMB

+1.89%

PICB

+0.71%

Max(CAGR)

FEMB

+1.01%

Winner

PICB

+1.84%

FEMB vs PICB - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	FEMB	PICB
2026	+1.25%	-1.72%
2025	+20.69%	+14.99%
2024	-5.09%	-1.75%
2023	+17.88%	+12.57%
2022	-10.14%	-21.87%
2021	-13.65%	-6.81%
2020	+2.46%	+12.70%
2019	+11.63%	+10.21%
2018	-7.92%	-7.30%
2017	+12.34%	+15.90%
2016	+7.26%	-0.48%
2015	-14.12%	-8.41%
2014	-3.38%	-0.35%
2013	N/A	+3.11%
2012	N/A	+14.81%
2011	N/A	+1.03%
2010	N/A	+10.61%

FEMB vs PICB Drawdown Comparison

The maximum drawdown for FEMB was -30.44%, occurring on Oct 19, 2022. Recovery took 1186 trading sessions.

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

The current FEMB drawdown is -3.13%. The current PICB drawdown is -13.20%.

Rank	FEMB	PICB
#1	-30.44% Dec 18, 2020 - Sep 11, 2025	-37.10% Dec 31, 2020 - Sep 27, 2022
#2	-23.94% Feb 1, 2018 - Dec 7, 2020	-23.37% Feb 1, 2018 - Jul 21, 2020
#3	-20.53% Nov 25, 2014 - Sep 1, 2017	-17.26% Jun 30, 2014 - Feb 1, 2018
#4	-7.58% Feb 25, 2026 - Mar 30, 2026	-11.36% Aug 5, 2011 - Aug 28, 2012
#5	-7.12% Sep 8, 2017 - Jan 24, 2018	-9.99% Nov 4, 2010 - Apr 21, 2011
#6	-1.70% Sep 23, 2025 - Nov 6, 2025	-8.39% May 1, 2013 - Oct 18, 2013
#7	-1.40% Nov 18, 2025 - Dec 3, 2025	-4.44% Jan 14, 2013 - Apr 29, 2013
#8	-1.31% Dec 3, 2025 - Dec 23, 2025	-3.31% Oct 14, 2010 - Nov 4, 2010
#9	-1.20% Jan 29, 2026 - Feb 10, 2026	-3.19% May 2, 2011 - Jul 26, 2011
#10	-0.78% Nov 5, 2014 - Nov 18, 2014	-3.17% Sep 1, 2020 - Nov 6, 2020
#11	-0.77% Jan 26, 2018 - Feb 1, 2018	-2.75% Aug 6, 2010 - Sep 22, 2010
#12	-0.65% Nov 13, 2025 - Nov 18, 2025	-2.18% Oct 24, 2013 - Feb 13, 2014
#13	-0.65% Feb 17, 2026 - Feb 25, 2026	-1.76% Jun 3, 2010 - Jun 14, 2010
#14	-0.55% Dec 10, 2020 - Dec 15, 2020	-1.52% May 6, 2014 - Jun 26, 2014
#15	-0.49% Sep 17, 2025 - Sep 23, 2025	-1.33% Mar 14, 2014 - Apr 8, 2014

Correlation

Correlation between FEMB and PICB is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.69

-101

Dividend Comparison (2010 - 2026)

FEMB vs PICB dividend yield comparison.

Year	FEMB	PICB
2026	3.79%	1.96%
2025	5.67%	3.17%
2024	6.09%	3.19%
2023	5.15%	2.24%
2022	6.35%	1.64%
2021	6.12%	1.34%
2020	5.29%	1.22%
2019	5.40%	1.42%
2018	5.86%	1.70%
2017	6.38%	1.47%
2016	5.83%	2.20%
2015	4.89%	2.39%
2014	0.62%	2.64%
2013	0.00%	2.73%
2012	0.00%	3.09%
2011	0.00%	3.96%
2010	0.00%	1.94%