PICB vs FEMB

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

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

PICB vs FEMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

PICB

$353M

FEMB

$353M

Expense Ratio

Winner

PICB

0.50%

FEMB

0.85%

Max Drawdown

Winner

PICB

39.48%

FEMB

52.52%

Sharpe Ratio

PICB

-0.41

Winner

FEMB

0.53

5Y Beta

Winner

PICB

0.09

FEMB

0.15

5Y Dividends CAGR

Winner

PICB

18.45%

FEMB

-1.78%

PICB vs FEMB - Historical Returns

Returns include dividend reinvestment.

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

PICB

-0.44%

Winner

FEMB

+0.28%

PICB

-1.86%

Winner

FEMB

-0.68%

PICB

-2.22%

Winner

FEMB

+0.37%

PICB

-0.51%

Winner

FEMB

+7.61%

5Y(CAGR)

PICB

-2.19%

Winner

FEMB

+2.60%

10Y(CAGR)

PICB

+0.71%

Winner

FEMB

+1.89%

Max(CAGR)

Winner

PICB

+1.84%

FEMB

+1.01%

PICB vs FEMB - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

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

PICB vs FEMB Drawdown Comparison

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

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

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

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

Correlation

Correlation between PICB and FEMB 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)

PICB vs FEMB dividend yield comparison.

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