IHYvsPICBETF Comparison
VS
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 Energy. 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 down -1.44% year-to-date (YTD) with -$6M in YTD flows. PICB performs worse with -3.63% 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IHY vs PICB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IHY PICB | -2.26%-1.42% | -2.44%-2.15% | -1.44%-3.63% | +0.05%-2.84% | +26.40%+18.74% | +9.93%-9.25% |
| Flows | IHY PICB | -$2M- | -$2M-$1M | -$6M+$97M | -$4M+$140M | +$847K+$232M | -$54M+$273M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IHY PICB | +3.60%+6.39% | +4.03%+7.48% | +4.35%+7.78% | +5.59%+9.25% |
| Max drawdown | IHY PICB | -4.11%-5.37% | -4.11%-7.41% | -4.11%-9.81% | -24.36%-33.55% |
| Max drawdown duration | IHY PICB | 52d52d | 52d260d | 52d198d | 1037d1814d |
Trading data
IHY | PICB | |
Last sale 10/16/2026 at 1:30 PM | $20.78 | $22.35 |
| Previous close 10/15/2026 | $20.78 | $22.30 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
IHY | PICB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
IHY | PICB | |
|---|---|---|
| Last price | $20.78 | $22.35 |
| 1D performance | +0.00% | +0.22% |
| AuM | $39.54 M | $344.34 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 | 516 | 605 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2012 | June 3, 2010 |
| ESG | No | No |
Advertisement
Exposure
Countries
IHY
France
11.94%
United Kingdom
10.31%
Canada
7.1%
Other
70.64%
PICB
France
22.81%
Canada
16.97%
United Kingdom
15.92%
Germany
9.74%
Other
34.56%
Sectors
IHY
Finance
18.05%
Telecommunication.
15.95%
Energy
10.92%
Non-Energy Materi.
10.7%
Utilities
8.7%
Industrials
8.5%
Other
27.19%
PICB
Finance
49.02%
Utilities
11.46%
Industrials
8.44%
Telecommunication.
7.24%
Other
23.83%
Advertisement
Diversification
IHY
Total weight of top 15 holdings out of 15
7.59%
PICB
Total weight of top 15 holdings out of 15
7.85%
Top 15 holdings
Data as of August 31, 2026
IHY
Electricite de France (EDF), 5.875% perp., GBP (25)
0.62%
Pemex, 7.69% 23jan2050, USD
0.59%
Mediobanca, 3.875% 4jul2030, EUR (640)
0.54%
Telecom Italia (TIM), 7.721% 4jun2038, USD
0.53%
Mundys, 1.875% 12feb2028, EUR
0.52%
VodafoneZiggo, 2.875% 15jan2029, EUR
0.51%
Virgin Media, 4.5% 15jul2031, GBP
0.51%
Stellantis, 6.25% perp., EUR
0.51%
Intrum Investments and Financing, 8.5% 11sep2030, 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%
Softbank Group, 5.125% 19sep2027, USD
0.46%
Genting Overseas Holdings, 8.3% perp., USD
0.44%
Omniyat Holdings, 7.25% 4mar2031, USD (3)
0.42%
PICB
NTT Finance Corporation, 0.38% 20sep2030, JPY
0.81%
Bank of Montreal, 4.709% 7dec2027, CAD
0.59%
Enel, 5.75% 14sep2040, GBP (43)
0.59%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.57%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.57%
Bank of Montreal, 3.19% 1mar2028, CAD
0.56%
Bank of Montreal, 5.039% 29may2028, CAD
0.48%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
0.48%
Royal Bank of Canada, 4.642% 17jan2028, CAD
0.48%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
0.47%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.47%
Bank of Montreal, 4.537% 18dec2028, CAD
0.47%
Bank of Montreal, 4.42% 17jul2029, CAD
0.46%
RWE AG, 6.125% 6jul2039, GBP
0.43%
Heathrow Airport Holdings, 6.45% 10dec2033, GBP
0.42%
Frequently asked questions about IHY and PICB
How have the IHY and PICB ETFs performed in 2026?
As of October 16, 2026, IHY is down -1.44% year-to-date (YTD), while PICB has lost -3.63%. 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 -$6M in flows, compared to +$97M for PICB.
Which ETF is more volatile: IHY or PICB?
Over the past year, IHY had a volatility of 4.03%, while PICB experienced 7.48%.
Which ETF is bigger: IHY or PICB?
As of October 16, 2026, IHY holds $39.54 M in assets under management (AUM), while PICB manages $344.34 M.
What sectors do the IHY and PICB ETFs invest in?
IHY leans toward sectors like Finance, Telecommunications and Energy. 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, Bank of Montreal, 4.709% 7dec2027, CAD and Enel, 5.75% 14sep2040, GBP (43).
Which ETF is more diversified: IHY or PICB?
IHY holds 517 securities with 7.59% of its assets in the top 15. PICB has 605 securities and a top 15 weight of 7.85%.
Advertisement
Advertisement
