PCY vs ZROZ

Comparison between INVESCO EMERGING MARKETS SOVEREIGN DEBT ETF (PCY, ETF) and PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX EXCHANGE-TRADED FUND (ZROZ, ETF).

5-Year PerformancePCY has outperformed ZROZ, delivering a return of +1.4% compared to -11.4%

PCY vs ZROZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PCY(ETF)	ZROZ(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.50%	0.15%
Max Drawdown	49.44%	67.48%
Sharpe Ratio	1.61	-0.21
5Y Beta	0.38	0.11
5Y Dividends CAGR	0.54%	3.66%

Net Assets

PCY

$1.40B

ZROZ

$1.40B

Expense Ratio

PCY

0.50%

Winner

ZROZ

0.15%

Max Drawdown

Winner

PCY

49.44%

ZROZ

67.48%

Sharpe Ratio

Winner

PCY

1.61

ZROZ

-0.21

5Y Beta

PCY

0.38

Winner

ZROZ

0.11

5Y Dividends CAGR

PCY

0.54%

Winner

ZROZ

3.66%

PCY vs ZROZ - Historical Returns

Returns include dividend reinvestment.

Period	PCY	ZROZ
1 month	+1.94%	-1.33%
3 months	+1.12%	-0.95%
6 months	+2.59%	-4.75%
1 year	+17.57%	+0.27%
5 years(CAGR)	+1.36%	-11.36%
10 years(CAGR)	+2.83%	-3.79%
Max(CAGR)	+4.69%	+2.14%

Winner

PCY

+1.94%

ZROZ

-1.33%

Winner

PCY

+1.12%

ZROZ

-0.95%

Winner

PCY

+2.59%

ZROZ

-4.75%

Winner

PCY

+17.57%

ZROZ

+0.27%

5Y(CAGR)

Winner

PCY

+1.36%

ZROZ

-11.36%

10Y(CAGR)

Winner

PCY

+2.83%

ZROZ

-3.79%

Max(CAGR)

Winner

PCY

+4.69%

ZROZ

+2.14%

PCY vs ZROZ - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PCY	ZROZ
2026	+1.87%	-0.16%
2025	+15.67%	-1.87%
2024	+3.76%	-15.03%
2023	+17.40%	-1.52%
2022	-23.63%	-39.26%
2021	-3.69%	-4.79%
2020	+2.04%	+22.56%
2019	+17.66%	+20.05%
2018	-6.44%	-3.51%
2017	+9.62%	+13.87%
2016	+9.16%	-0.31%
2015	+2.68%	-7.39%
2014	+9.04%	+48.29%
2013	-10.55%	-19.11%
2012	+21.91%	+3.51%
2011	+8.04%	+61.75%
2010	+11.15%	+9.96%
2009	+28.92%	-6.29%
2008	-17.73%	N/A
2007	+4.15%	N/A

PCY vs ZROZ Drawdown Comparison

The maximum drawdown for PCY was -49.13%, occurring on Oct 27, 2008. Recovery took 231 trading sessions.

The maximum drawdown for ZROZ was -62.94%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current PCY drawdown is -0.50%. The current ZROZ drawdown is -59.76%.

Rank	PCY	ZROZ
#1	-49.13% Sep 29, 2008 - Aug 28, 2009	-62.94% Mar 9, 2020 - Oct 19, 2023
#2	-37.76% Feb 21, 2020 - Oct 1, 2025	-32.29% Jul 25, 2012 - Dec 11, 2014
#3	-21.74% May 21, 2008 - Sep 29, 2008	-28.88% Aug 26, 2010 - Aug 10, 2011
#4	-16.57% May 2, 2013 - Aug 27, 2014	-25.82% Jan 30, 2015 - Jun 27, 2016
#5	-10.16% Jan 8, 2018 - Mar 21, 2019	-25.21% Jul 8, 2016 - Aug 2, 2019
#6	-9.22% Sep 7, 2016 - Jun 2, 2017	-18.35% Oct 3, 2011 - Dec 19, 2011
#7	-7.45% Nov 4, 2010 - Jul 29, 2011	-17.49% Dec 19, 2011 - May 17, 2012
#8	-6.78% Aug 27, 2014 - Feb 3, 2015	-15.67% Nov 27, 2009 - May 6, 2010
#9	-6.77% Sep 8, 2011 - Nov 8, 2011	-12.23% Aug 28, 2019 - Feb 20, 2020
#10	-5.93% Apr 24, 2015 - Oct 16, 2015	-9.10% Aug 10, 2011 - Aug 18, 2011
#11	-5.91% Feb 25, 2026 - Mar 27, 2026	-8.29% May 6, 2010 - May 20, 2010
#12	-4.83% Apr 15, 2010 - Jul 7, 2010	-7.85% Sep 22, 2011 - Oct 3, 2011
#13	-4.77% Jan 2, 2013 - May 2, 2013	-7.18% Aug 19, 2011 - Sep 2, 2011
#14	-4.48% Oct 16, 2015 - Mar 1, 2016	-7.09% Jun 1, 2012 - Jul 20, 2012
#15	-4.45% Oct 14, 2009 - Mar 9, 2010	-6.88% Jul 1, 2010 - Aug 16, 2010

Correlation

Correlation between PCY and ZROZ is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.62

-101

Dividend Comparison (2007 - 2026)

PCY vs ZROZ dividend yield comparison.

Year	PCY	ZROZ
2026	1.93%	1.30%
2025	5.93%	4.96%
2024	6.65%	4.58%
2023	6.48%	3.52%
2022	6.81%	2.76%
2021	4.80%	1.60%
2020	4.45%	1.68%
2019	4.78%	2.22%
2018	4.93%	2.06%
2017	4.80%	2.53%
2016	5.19%	3.00%
2015	5.46%	2.98%
2014	4.58%	2.60%
2013	4.69%	4.28%
2012	4.62%	3.16%
2011	5.46%	2.99%
2010	5.90%	4.55%
2009	6.29%	0.74%
2008	7.13%	0.00%
2007	1.17%	0.00%