PICBvsIAGGETF Comparison
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Invesco International Corporate Bond ETF (PICB) and iShares Core International Aggregate Bond ETF (IAGG) belong to the same industry segment: Intl IG Bonds. PICB's top 3 sector exposures are Finance, Utilities and Industrials. In contrast, IAGG'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 IAGG. PICB is down -2.81% year-to-date (YTD) with +$97M in YTD flows. IAGG performs better with 0.08% YTD performance, and +$880M in YTD flows. Run a side-by-side ETF comparison of PICB and IAGG 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 IAGG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PICB IAGG | -2.07%-0.63% | -1.78%-1.44% | -2.81%+0.08% | -2.08%+0.76% | +17.68%+14.06% | -10.01%+3.88% |
| Flows | PICB IAGG | -+$524M | +$2M+$1.30B | +$97M+$880M | +$168M+$1.19B | +$232M+$7.27B | +$273M+$8.44B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PICB IAGG | +5.25%+2.45% | +7.29%+2.68% | +7.82%+2.97% | +9.23%+3.73% |
| Max drawdown | PICB IAGG | -3.08%-1.80% | -5.69%-2.23% | -9.81%-2.23% | -33.83%-13.18% |
| Max drawdown duration | PICB IAGG | 24d85d | 232d114d | 198d114d | 1822d1022d |
Trading data
PICB | IAGG | |
Last sale 9/18/2026 at 1:30 PM | $22.74 | $49.45 |
| Previous close 09/17/2026 | $22.77 | $49.49 |
| 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 | IAGG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
PICB | IAGG | |
|---|---|---|
| Last price | $22.74 | $49.45 |
| 1D performance | -0.13% | -0.08% |
| AuM | $348.27 M | $11.81 B |
| E/R | 0.5% | 0.07% |
Characteristics
PICB | IAGG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | S&P International Corporate Bond Index | Bloomberg Global Aggregate ex USD 10% Issuer Cap Index |
| N° of holdings | 595 | 8103 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 3, 2010 | November 10, 2015 |
| 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%
IAGG
China
18.64%
Japan
11.09%
France
9.46%
Germany
8.52%
United Kingdom
7.47%
Other
44.82%
Sectors
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
IAGG
Sovereign
65.2%
Finance
23.21%
Other
11.59%
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Diversification
PICB
Total weight of top 15 holdings out of 15
7.71%
IAGG
Total weight of top 15 holdings out of 15
8.17%
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%
IAGG
China, TB 1.61% 15feb2035, CNY
1.11%
China, TB 1.44% 15sep2027, CNY
0.77%
China, Bonds 2.27% 25may2034, CNY
0.70%
China, Bonds 2.28% 25mar2031, CNY
0.56%
China, TB 1.43% 25jan2030, CNY
0.55%
China, Bonds 2.68% 21may2030, CNY
0.55%
China, Bonds 1.49% 25dec2031, CNY
0.53%
China Development Bank, 3.66% 1mar2031, CNY
0.52%
China Development Bank, 3.65% 21may2029, CNY
0.46%
China, Bonds 2.05% 15apr2029, CNY
0.46%
Germany, Bobl 1.3% 15oct2027, EUR
0.43%
China, Bonds 1.91% 15jul2029, CNY
0.42%
China, Bonds 3.81% 14sep2050, CNY
0.37%
BlackRock Cash Funds - Treasury
0.37%
China, Bonds 3.19% 15apr2053, CNY
0.37%
Frequently asked questions about PICB and IAGG
How have the PICB and IAGG ETFs performed in 2026?
As of September 18, 2026, PICB is down -2.81% year-to-date (YTD), while IAGG has returned 0.08%. That puts IAGG better performer ahead so far this year.
Which ETF is attracting more investor money: PICB or IAGG?
Year-to-date, the PICB ETF saw +$97M in flows, compared to +$880M for IAGG.
Which ETF is more volatile: PICB or IAGG?
Over the past year, PICB had a volatility of 7.29%, while IAGG experienced 2.68%.
Which ETF is bigger: PICB or IAGG?
As of September 18, 2026, PICB holds $348.27 M in assets under management (AUM), while IAGG manages $11.81 B.
What sectors do the PICB and IAGG ETFs invest in?
PICB leans toward sectors like Finance, Utilities and Industrials. Meanwhile, IAGG focuses on Sovereign and Finance.
What are the top holdings of the PICB ETF and IAGG 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. IAGG holds in its top three: China, TB 1.61% 15feb2035, CNY, China, TB 1.44% 15sep2027, CNY and China, Bonds 2.27% 25may2034, CNY.
Which ETF is more diversified: PICB or IAGG?
PICB holds 595 securities with 7.71% of its assets in the top 15. IAGG has 8127 securities and a top 15 weight of 8.17%.
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