BNDXvsPICBETF Comparison
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Vanguard Total International Bond ETF (BNDX) and Invesco International Corporate Bond ETF (PICB) belong to the same industry segment: Intl IG Bonds. BNDX's top 3 sector exposures are Sovereign, Finance and Municipal. In contrast, PICB's top sector exposures are Finance, Utilities and Industrials. BNDX is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.5% for PICB. BNDX is down -1.02% year-to-date (YTD) with +$10.78B in YTD flows. PICB performs worse with -1.47% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of BNDX and PICB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BNDX vs PICB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BNDX PICB | -1.30%-0.80% | -1.18%-0.45% | -1.02%-1.47% | -0.54%-0.45% | +11.31%+18.79% | -1.68%-9.96% |
| Flows | BNDX PICB | +$1.22B-$5M | +$2.84B+$2M | +$10.78B+$97M | +$17.12B+$171M | +$34.44B+$232M | +$48.23B+$273M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BNDX PICB | +3.25%+5.55% | +3.21%+7.31% | +3.55%+7.81% | +4.49%+9.22% |
| Max drawdown | BNDX PICB | -2.44%-2.74% | -2.88%-5.69% | -2.88%-9.81% | -15.68%-34.65% |
| Max drawdown duration | BNDX PICB | 73d64d | 193d224d | 193d198d | 1521d1822d |
Trading data
BNDX | PICB | |
Last sale 9/11/2026 at 1:30 PM | $46.99 | $22.89 |
| Previous close 09/10/2026 | $46.97 | $22.85 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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BNDX | PICB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
BNDX | PICB | |
|---|---|---|
| Last price | $46.99 | $22.89 |
| 1D performance | +0.04% | +0.18% |
| AuM | $82.74 B | $353.08 M |
| E/R | 0.07% | 0.5% |
Characteristics
BNDX | PICB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Invesco |
| Benchmark | Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index | S&P International Corporate Bond Index |
| N° of holdings | 6750 | 595 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 31, 2013 | June 3, 2010 |
| ESG | No | No |
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Exposure
Countries
BNDX
France
11.79%
Japan
10.44%
Germany
9.94%
United Kingdom
8.22%
Italy
7.63%
Other
51.98%
PICB
France
23.33%
Canada
17.05%
United Kingdom
15.98%
Germany
9.62%
Other
34.01%
Sectors
BNDX
Sovereign
64.55%
Finance
19.5%
Other
15.94%
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
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Diversification
BNDX
Total weight of top 15 holdings out of 15
5.49%
PICB
Total weight of top 15 holdings out of 15
7.71%
Top 15 holdings
Data as of July 31, 2026
BNDX
DE000F3A9EV9
0.88%
United Kingdom, Gilt 4.125% 7mar2031, GBP
0.41%
France, OAT 2.7% 25feb2031, EUR
0.38%
France, OAT 2.75% 25feb2029, EUR
0.37%
United Kingdom, Gilt 4.375% 7mar2030, GBP
0.37%
United Kingdom, Gilt 4.375% 7mar2028, GBP
0.35%
United Kingdom, Gilt 4.125% 22jul2029, GBP
0.34%
France, OAT 3.5% 25nov2035, EUR
0.34%
France, OAT 2% 25nov2032, EUR
0.33%
Germany, Bund 2.9% 15feb2036, EUR
0.30%
United Kingdom, Gilt 4.5% 7jun2028, GBP
0.30%
United Kingdom, Gilt 3.75% 29jan2038, GBP
0.29%
Germany, Schatz 2.5% 14jun2028, EUR
0.28%
Spain, BON 2.4% 31may2028, EUR
0.27%
Italy, BTP 4.1% 1feb2029, EUR
0.27%
PICB
NTT Finance Corporation, 0.38% 20sep2030, JPY
0.64%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.59%
Bank of Montreal, 4.709% 7dec2027, CAD
0.59%
Enel, 5.75% 14sep2040, GBP (43)
0.58%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.57%
Bank of Montreal, 3.19% 1mar2028, CAD
0.56%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
0.48%
Bank of Montreal, 5.039% 29may2028, CAD
0.48%
Bank of Montreal, 4.42% 17jul2029, CAD
0.47%
Royal Bank of Canada, 4.642% 17jan2028, CAD
0.47%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.47%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
0.47%
Bank of Montreal, 4.537% 18dec2028, CAD
0.46%
E.ON, 6.375% 7jun2032, GBP
0.45%
Sweden, SGB 0.75% 12nov2029, SEK
0.44%
Frequently asked questions about BNDX and PICB
How have the BNDX and PICB ETFs performed in 2026?
As of September 10, 2026, BNDX is down -1.02% year-to-date (YTD), while PICB has lost -1.47%. That puts BNDX better performer ahead so far this year.
Which ETF is attracting more investor money: BNDX or PICB?
Year-to-date, the BNDX ETF saw +$10.78B in flows, compared to +$97M for PICB.
Which ETF is more volatile: BNDX or PICB?
Over the past year, BNDX had a volatility of 3.21%, while PICB experienced 7.31%.
Which ETF is bigger: BNDX or PICB?
As of September 10, 2026, BNDX holds $82.74 B in assets under management (AUM), while PICB manages $353.08 M.
What sectors do the BNDX and PICB ETFs invest in?
BNDX leans toward sectors like Sovereign and Finance. Meanwhile, PICB focuses on Finance, Utilities and Industrials.
What are the top holdings of the BNDX ETF and PICB ETF?
BNDX top holdings include DE000F3A9EV9, United Kingdom, Gilt 4.125% 7mar2031, GBP and France, OAT 2.7% 25feb2031, EUR. PICB holds in its top three: NTT Finance Corporation, 0.38% 20sep2030, JPY, Toronto-Dominion Bank, 4.68% 8jan2029, CAD and Bank of Montreal, 4.709% 7dec2027, CAD.
Which ETF is more diversified: BNDX or PICB?
BNDX holds 6802 securities with 5.49% of its assets in the top 15. PICB has 595 securities and a top 15 weight of 7.71%.
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