PICBvsISHGETF Comparison
VS
ETF 2
ISHG
iShares 1-3 Year International Treasury Bond ETF
This fund is part of
Intl Government Bonds
-0.13%
Invesco International Corporate Bond ETF (PICB) belongs to the Intl IG Bonds segment. iShares 1-3 Year International Treasury Bond ETF (ISHG) is part of the Intl Government Bonds segment. PICB's top 3 sector exposures are Finance, Utilities and Industrials. In contrast, ISHG's top sector exposures are Sovereign and Non-Corporate. PICB is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.35% for ISHG. PICB is down -2.81% year-to-date (YTD) with +$97M in YTD flows. ISHG performs better with -0.4% YTD performance, and +$212M in YTD flows. Run a side-by-side ETF comparison of PICB and ISHG 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 ISHG 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 ISHG | -2.07%-0.76% | -1.78%+0.63% | -2.81%-0.40% | -2.08%-0.56% | +17.68%+14.55% | -10.01%-2.85% |
| Flows | PICB ISHG | -+$46M | +$2M-$25M | +$97M+$212M | +$168M+$209M | +$232M+$786M | +$273M+$813M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PICB ISHG | +5.25%+4.74% | +7.29%+5.60% | +7.82%+6.56% | +9.23%+7.28% |
| Max drawdown | PICB ISHG | -3.08%-1.78% | -5.69%-4.84% | -9.81%-8.16% | -33.83%-21.42% |
| Max drawdown duration | PICB ISHG | 24d24d | 232d234d | 198d192d | 1822d1586d |
Trading data
PICB | ISHG | |
Last sale 9/21/2026 at 1:30 PM | $22.69 | $74.99 |
| Previous close 09/18/2026 | $22.74 | $74.98 |
| Consolidated volume 09/18/2026 | ||
| 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 | ISHG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
PICB | ISHG | |
|---|---|---|
| Last price | $22.69 | $74.99 |
| 1D performance | -0.22% | +0.01% |
| AuM | $348.27 M | $865.23 M |
| E/R | 0.5% | 0.35% |
Characteristics
PICB | ISHG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | S&P International Corporate Bond Index | FTSE World Government Bond Index-Dev Markets 1-3 Years Capped Select Index |
| N° of holdings | 595 | 174 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 3, 2010 | January 21, 2009 |
| 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%
ISHG
France
10.18%
Germany
8.61%
Japan
8.38%
Italy
8.24%
Other
64.59%
Sectors
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
ISHG
Sovereign
99.69%
Other
0.31%
Diversification
PICB
Total weight of top 15 holdings out of 15
7.71%
ISHG
Total weight of top 15 holdings out of 15
21.15%
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%
ISHG
Portugal, OT 2.125% 17oct2028, EUR
1.96%
Portugal, OT 1.95% 15jun2029, EUR
1.71%
France, OAT 2.75% 25feb2029, EUR
1.46%
Ireland, IRGB 1.1% 15may2029, EUR
1.46%
Netherlands, DSL 0.75% 15jul2027, EUR
1.39%
France, OAT 0.75% 25nov2028, EUR
1.39%
France, OAT 2.75% 25oct2027, EUR
1.35%
Netherlands, DSL 0.75% 15jul2028, EUR
1.34%
Belgium, OLO 0.9% 22jun2029, EUR (OLO87)
1.33%
Australia, TB 3.25% 21apr2029, AUD (TB138)
1.32%
Austria, AGB 0.5% 20feb2029, EUR
1.32%
Sweden, SGB 0.75% 12may2028, SEK
1.30%
Belgium, OLO 0.8% 22jun2028, EUR
1.29%
France, OAT 0.75% 25may2028, EUR
1.27%
Israel, ILGOV 2.25% 28sep2028, ILS
1.25%
Frequently asked questions about PICB and ISHG
How have the PICB and ISHG ETFs performed in 2026?
As of September 18, 2026, PICB is down -2.81% year-to-date (YTD), while ISHG has lost -0.4%. That puts ISHG better performer ahead so far this year.
Which ETF is attracting more investor money: PICB or ISHG?
Year-to-date, the PICB ETF saw +$97M in flows, compared to +$212M for ISHG.
Which ETF is more volatile: PICB or ISHG?
Over the past year, PICB had a volatility of 7.29%, while ISHG experienced 5.6%.
Which ETF is bigger: PICB or ISHG?
As of September 18, 2026, PICB holds $348.27 M in assets under management (AUM), while ISHG manages $865.23 M.
What sectors do the PICB and ISHG ETFs invest in?
PICB leans toward sectors like Finance, Utilities and Industrials. Meanwhile, ISHG focuses on Sovereign.
What are the top holdings of the PICB ETF and ISHG 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. ISHG holds in its top three: Portugal, OT 2.125% 17oct2028, EUR, Portugal, OT 1.95% 15jun2029, EUR and France, OAT 2.75% 25feb2029, EUR.
Which ETF is more diversified: PICB or ISHG?
PICB holds 595 securities with 7.71% of its assets in the top 15. ISHG has 178 securities and a top 15 weight of 21.15%.
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