PICBvsBNDXETF Comparison
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Invesco International Corporate Bond ETF (PICB) and Vanguard Total International Bond ETF (BNDX) belong to the same industry segment: Intl IG Bonds. PICB's top 3 sector exposures are Finance, Utilities and Industrials. In contrast, BNDX's top sector exposures are Sovereign, Finance and Municipal. PICB is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.07% for BNDX. PICB is down -2.41% year-to-date (YTD) with +$97M in YTD flows. BNDX performs better with -0.72% YTD performance, and +$10.94B in YTD flows. Run a side-by-side ETF comparison of PICB and BNDX 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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PICB vs BNDX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PICB BNDX | -1.94%-0.76% | -2.25%-1.81% | -2.41%-0.72% | -2.41%-0.26% | +18.17%+11.83% | -9.73%-1.11% |
| Flows | PICB BNDX | -+$1.11B | +$2M+$2.79B | +$97M+$10.94B | +$168M+$17.01B | +$232M+$34.49B | +$273M+$48.10B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PICB BNDX | +5.47%+3.15% | +7.32%+3.23% | +7.82%+3.55% | +9.23%+4.49% |
| Max drawdown | PICB BNDX | -2.78%-2.61% | -5.69%-3.02% | -9.81%-3.02% | -33.85%-15.68% |
| Max drawdown duration | PICB BNDX | 23d80d | 231d200d | 198d200d | 1824d1521d |
Trading data
PICB | BNDX | |
Last sale 9/17/2026 at 7:49 PM | $22.78 | $47.05 |
| Previous close 09/17/2026 | $22.66 | $47.11 |
| Consolidated volume 09/17/2026 | ||
| 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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PICB | BNDX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 7:49 PM
Live
Closed
PICB | BNDX | |
|---|---|---|
| Last price | $22.78 | $47.05 |
| 1D performance | +0.53% | -0.14% |
| AuM | $349.71 M | $83.15 B |
| E/R | 0.5% | 0.07% |
Characteristics
PICB | BNDX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | S&P International Corporate Bond Index | Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index |
| N° of holdings | 595 | 6750 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 3, 2010 | May 31, 2013 |
| ESG | No | No |
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Exposure
Countries
PICB
France
23.33%
Canada
17.05%
United Kingdom
15.98%
Germany
9.62%
Other
34.01%
BNDX
France
11.79%
Japan
10.44%
Germany
9.94%
United Kingdom
8.22%
Italy
7.63%
Other
51.98%
Sectors
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
BNDX
Sovereign
64.55%
Finance
19.5%
Other
15.94%
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Diversification
PICB
Total weight of top 15 holdings out of 15
7.71%
BNDX
Total weight of top 15 holdings out of 15
5.49%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about PICB and BNDX
How have the PICB and BNDX ETFs performed in 2026?
As of September 17, 2026, PICB is down -2.41% year-to-date (YTD), while BNDX has lost -0.72%. That puts BNDX better performer ahead so far this year.
Which ETF is attracting more investor money: PICB or BNDX?
Year-to-date, the PICB ETF saw +$97M in flows, compared to +$10.94B for BNDX.
Which ETF is more volatile: PICB or BNDX?
Over the past year, PICB had a volatility of 7.32%, while BNDX experienced 3.23%.
Which ETF is bigger: PICB or BNDX?
As of September 17, 2026, PICB holds $349.71 M in assets under management (AUM), while BNDX manages $83.15 B.
What sectors do the PICB and BNDX ETFs invest in?
PICB leans toward sectors like Finance, Utilities and Industrials. Meanwhile, BNDX focuses on Sovereign and Finance.
What are the top holdings of the PICB ETF and BNDX ETF?
PICB top holdings include NTT Finance Corporation, 0.38% 20sep2030, JPY, Toronto-Dominion Bank, 4.68% 8jan2029, CAD and Bank of Montreal, 4.709% 7dec2027, CAD. BNDX holds in its top three: DE000F3A9EV9, United Kingdom, Gilt 4.125% 7mar2031, GBP and France, OAT 2.7% 25feb2031, EUR.
Which ETF is more diversified: PICB or BNDX?
PICB holds 595 securities with 7.71% of its assets in the top 15. BNDX has 6802 securities and a top 15 weight of 5.49%.
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