PCEBvsPICBETF Comparison
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Polen Euro High Yield Bond ETF (PCEB) belongs to the Intl HY Bonds segment. Invesco International Corporate Bond ETF (PICB) is part of the Intl IG Bonds segment. PCEB's top 3 sector exposures are Finance, Telecommunications and Consumer Cyclicals. In contrast, PICB's top sector exposures are Finance, Utilities and Industrials. PCEB is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.5% for PICB. Run a side-by-side ETF comparison of PCEB 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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PCEB vs PICB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PCEB PICB | +0.69%+0.46% | +0.22%-0.26% | n/a-0.69% | n/a+1.68% | n/a+20.00% | n/a-9.71% |
| Flows | PCEB PICB | --$5M | +$12M+$6M | -+$97M | -+$171M | -+$232M | -+$276M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PCEB PICB | +5.09%+5.50% | n/a+7.34% | n/a+7.80% | n/a+9.23% |
| Max drawdown | PCEB PICB | -2.29%-2.74% | n/a-5.69% | n/a-9.81% | n/a-34.98% |
| Max drawdown duration | PCEB PICB | 58d64d | n/a217d | n/a198d | n/a1823d |
Trading data
PCEB | PICB | |
Last sale 9/4/2026 at 2:22 PM | $24.50 | $23.18 |
| Previous close 09/03/2026 | $24.54 | $23.02 |
| Consolidated volume 09/03/2026 | ||
| 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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PCEB
is actively managed and doesn’t replicate an indexPCEB | 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 9/4/2026 at 2:22 PM
Live
Closed
PCEB | PICB | |
|---|---|---|
| Last price | $24.50 | $23.18 |
| 1D performance | -0.18% | +0.67% |
| AuM | $21.61 M | $355.87 M |
| E/R | 0.75% | 0.5% |
Characteristics
PCEB | PICB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Polen Capital | Invesco |
| Benchmark | - | S&P International Corporate Bond Index |
| N° of holdings | 89 | 595 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 5, 2026 | June 3, 2010 |
| ESG | No | No |
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Exposure
Countries
PCEB
France
17.6%
Germany
16.83%
USA
12.69%
Italy
10.11%
United Kingdom
9.24%
Other
33.53%
PICB
France
23.33%
Canada
17.05%
United Kingdom
15.98%
Germany
9.62%
Other
34.01%
Sectors
PCEB
Finance
19.22%
Telecommunication.
15.5%
Consumer Cyclical.
10.48%
Business Services
10.1%
Consumer Services
9.12%
Healthcare
8.13%
Other
27.44%
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
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Diversification
PCEB
Total weight of top 15 holdings out of 15
27.17%
PICB
Total weight of top 15 holdings out of 15
7.71%
Top 15 holdings
Data as of July 31, 2026
PCEB
Electricite de France (EDF), 5.625% perp., EUR
2.22%
Fibercop SPA, 5.125% 30jun2032, EUR
2.21%
Energias de Portugal, 4.75% 29may2054, EUR (53)
2.19%
Vodafone Group, 4.625% 12sep2055, EUR
2.10%
Telecom Italia (TIM), 7.75% 24jan2033, EUR
1.96%
BUBBLES BIDCO, 6.5% 30sep2031, EUR
1.67%
Boots Group Finco, 5.375% 31aug2032, EUR
1.66%
Eutelsat, 5.75% 15mar2031, EUR
1.66%
Czechoslovak Group, 5.25% 10jan2031, EUR
1.65%
AEGIS LUX, 5.625% 29oct2031, EUR
1.65%
BETCLIC EVEREST GROUP, 5.125% 10dec2031, EUR
1.65%
Nidda Healthcare Holding, 5.625% 21feb2030, EUR
1.64%
Darling Global Finance, 4.5% 15jul2032, EUR
1.64%
Dolcetto Holdco, 5.625% 14jul2032, EUR
1.64%
Softbank Group, 6.375% 22apr2030, EUR
1.64%
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 PCEB and PICB
Which ETF is bigger: PCEB or PICB?
As of September 3, 2026, PCEB holds $21.61 M in assets under management (AUM), while PICB manages $355.87 M.
What sectors do the PCEB and PICB ETFs invest in?
PCEB leans toward sectors like Finance, Telecommunications and Consumer Cyclicals. Meanwhile, PICB focuses on Finance, Utilities and Industrials.
What are the top holdings of the PCEB ETF and PICB ETF?
PCEB top holdings include Electricite de France (EDF), 5.625% perp., EUR, Fibercop SPA, 5.125% 30jun2032, EUR and Energias de Portugal, 4.75% 29may2054, EUR (53). 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: PCEB or PICB?
PCEB holds 93 securities with 27.17% of its assets in the top 15. PICB has 595 securities and a top 15 weight of 7.71%.
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