PICBvsIHYETF Comparison
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Invesco International Corporate Bond ETF (PICB) belongs to the Intl IG Bonds segment. VanEck International High Yield Bond ETF (IHY) is part of the Intl HY Bonds segment. PICB's top 3 sector exposures are Finance, Utilities and Industrials. In contrast, IHY's top sector exposures are Finance, Telecommunications and Non-Energy Materials. PICB is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.4% for IHY. PICB is down -2.81% year-to-date (YTD) with +$97M in YTD flows. IHY performs better with 0.58% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of PICB and IHY 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 IHY 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 IHY | -2.07%-1.08% | -1.78%-0.40% | -2.81%+0.58% | -2.08%+1.31% | +17.68%+26.71% | -10.01%+10.12% |
| Flows | PICB IHY | -- | +$2M- | +$97M-$4M | +$168M-$2M | +$232M-$5M | +$273M-$52M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PICB IHY | +5.25%+2.66% | +7.29%+3.89% | +7.82%+4.35% | +9.23%+5.58% |
| Max drawdown | PICB IHY | -3.08%-1.61% | -5.69%-4.10% | -9.81%-4.10% | -33.83%-25.78% |
| Max drawdown duration | PICB IHY | 24d24d | 232d198d | 198d198d | 1822d1258d |
Trading data
PICB | IHY | |
Last sale 9/18/2026 at 1:30 PM | $22.74 | $21.33 |
| Previous close 09/17/2026 | $22.77 | $21.37 |
| 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 | IHY | |
|---|---|---|
| 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 | IHY | |
|---|---|---|
| Last price | $22.74 | $21.33 |
| 1D performance | -0.13% | -0.19% |
| AuM | $348.27 M | $42.69 M |
| E/R | 0.5% | 0.4% |
Characteristics
PICB | IHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | S&P International Corporate Bond Index | ICE BofA Global ex-US Issuers High Yield Constrained Index |
| N° of holdings | 595 | 519 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 3, 2010 | April 2, 2012 |
| 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%
IHY
France
11.7%
United Kingdom
10.04%
Canada
7.15%
Other
71.11%
Sectors
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
IHY
Finance
18.18%
Telecommunication.
16.05%
Non-Energy Materi.
11.31%
Energy
11.05%
Utilities
8.75%
Industrials
7.89%
Other
26.78%
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Diversification
PICB
Total weight of top 15 holdings out of 15
7.71%
IHY
Total weight of top 15 holdings out of 15
7.67%
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%
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%
Frequently asked questions about PICB and IHY
How have the PICB and IHY ETFs performed in 2026?
As of September 18, 2026, PICB is down -2.81% year-to-date (YTD), while IHY has returned 0.58%. That puts IHY better performer ahead so far this year.
Which ETF is attracting more investor money: PICB or IHY?
Year-to-date, the PICB ETF saw +$97M in flows, compared to -$4M for IHY.
Which ETF is more volatile: PICB or IHY?
Over the past year, PICB had a volatility of 7.29%, while IHY experienced 3.89%.
Which ETF is bigger: PICB or IHY?
As of September 18, 2026, PICB holds $348.27 M in assets under management (AUM), while IHY manages $42.69 M.
What sectors do the PICB and IHY ETFs invest in?
PICB leans toward sectors like Finance, Utilities and Industrials. Meanwhile, IHY focuses on Finance, Telecommunications and Non-Energy Materials.
What are the top holdings of the PICB ETF and IHY 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. IHY holds in its top three: Electricite de France (EDF), 5.875% perp., GBP (25), Pemex, 7.69% 23jan2050, USD and Mediobanca, 3.875% 4jul2030, EUR (640).
Which ETF is more diversified: PICB or IHY?
PICB holds 595 securities with 7.71% of its assets in the top 15. IHY has 520 securities and a top 15 weight of 7.67%.
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