IHYvsPICBETF Comparison
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VanEck International High Yield Bond ETF (IHY) belongs to the Intl HY Bonds segment. Invesco International Corporate Bond ETF (PICB) is part of the Intl IG Bonds segment. IHY's top 3 sector exposures are Finance, Telecommunications and Non-Energy Materials. In contrast, PICB's top sector exposures are Finance, Utilities and Industrials. IHY is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.5% for PICB. IHY is up 1.75% year-to-date (YTD) with -$4M in YTD flows. PICB performs worse with -0.96% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of IHY 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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IHY vs PICB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IHY PICB | +0.67%+0.19% | +0.65%-0.65% | +1.75%-0.96% | +3.85%+1.73% | +28.07%+18.29% | +10.21%-9.61% |
| Flows | IHY PICB | --$5M | -+$6M | -$4M+$97M | -$2M+$171M | -$11M+$232M | -$52M+$276M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IHY PICB | +2.83%+5.55% | +3.90%+7.34% | +4.35%+7.83% | +5.58%+9.22% |
| Max drawdown | IHY PICB | -1.20%-2.89% | -4.10%-5.69% | -4.10%-9.81% | -26.39%-34.98% |
| Max drawdown duration | IHY PICB | 51d83d | 198d215d | 198d198d | 1323d1821d |
Trading data
IHY | PICB | |
Last sale 9/2/2026 at 1:30 PM | $21.55 | $23.02 |
| Previous close 09/01/2026 | $21.54 | $22.99 |
| Consolidated volume 09/01/2026 | ||
| 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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IHY | 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 9/2/2026 at 1:30 PM
Live
Closed
IHY | PICB | |
|---|---|---|
| Last price | $21.55 | $23.02 |
| 1D performance | +0.05% | +0.13% |
| AuM | $43.19 M | $354.90 M |
| E/R | 0.4% | 0.5% |
Characteristics
IHY | PICB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Invesco |
| Benchmark | ICE BofA Global ex-US Issuers High Yield Constrained Index | S&P International Corporate Bond Index |
| N° of holdings | 519 | 595 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2012 | June 3, 2010 |
| ESG | No | No |
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Exposure
Countries
IHY
France
11.7%
United Kingdom
10.04%
Canada
7.15%
Other
71.11%
PICB
France
23.33%
Canada
17.05%
United Kingdom
15.98%
Germany
9.62%
Other
34.01%
Sectors
IHY
Finance
18.18%
Telecommunication.
16.05%
Non-Energy Materi.
11.31%
Energy
11.05%
Utilities
8.75%
Industrials
7.89%
Other
26.78%
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
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Diversification
IHY
Total weight of top 15 holdings out of 15
7.67%
PICB
Total weight of top 15 holdings out of 15
7.71%
Top 15 holdings
Data as of July 31, 2026
IHY
Electricite de France (EDF), 5.875% perp., GBP (25)
0.62%
Pemex, 7.69% 23jan2050, USD
0.58%
Mediobanca, 3.875% 4jul2030, EUR (640)
0.54%
Mundys, 1.875% 12feb2028, EUR
0.52%
Telecom Italia (TIM), 7.721% 4jun2038, USD
0.52%
Stellantis, 6.25% perp., EUR
0.52%
Intrum Investments and Financing, 8.5% 11sep2030, EUR
0.51%
Virgin Media, 4.5% 15jul2031, GBP
0.51%
VodafoneZiggo, 2.875% 15jan2029, EUR
0.50%
Yapi Kredi Bank, 9.25% 16oct2028, USD (259)
0.49%
Fibercop SPA, 7.721% 4jun2038, USD
0.48%
Samarco Mineracao, 4% 30jun2031, USD
0.47%
China CITIC Financial AMC International Holdings, 4.25% 7nov2027, USD
0.46%
Softbank Group, 6.875% perp., USD
0.46%
Softbank Group, 5.125% 19sep2027, USD
0.46%
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 IHY and PICB
How have the IHY and PICB ETFs performed in 2026?
As of September 1, 2026, IHY is up 1.75% year-to-date (YTD), while PICB has lost -0.96%. That puts IHY better performer ahead so far this year.
Which ETF is attracting more investor money: IHY or PICB?
Year-to-date, the IHY ETF saw -$4M in flows, compared to +$97M for PICB.
Which ETF is more volatile: IHY or PICB?
Over the past year, IHY had a volatility of 3.9%, while PICB experienced 7.34%.
Which ETF is bigger: IHY or PICB?
As of September 1, 2026, IHY holds $43.19 M in assets under management (AUM), while PICB manages $354.90 M.
What sectors do the IHY and PICB ETFs invest in?
IHY leans toward sectors like Finance, Telecommunications and Non-Energy Materials. Meanwhile, PICB focuses on Finance, Utilities and Industrials.
What are the top holdings of the IHY ETF and PICB ETF?
IHY top holdings include Electricite de France (EDF), 5.875% perp., GBP (25), Pemex, 7.69% 23jan2050, USD and Mediobanca, 3.875% 4jul2030, EUR (640). 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: IHY or PICB?
IHY holds 520 securities with 7.67% of its assets in the top 15. PICB has 595 securities and a top 15 weight of 7.71%.
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