PICBvsPCEBETF Comparison
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Invesco International Corporate Bond ETF (PICB) belongs to the Intl IG Bonds segment. Polen Euro High Yield Bond ETF (PCEB) is part of the Intl HY Bonds segment. PICB's top 3 sector exposures are Finance, Utilities and Industrials. In contrast, PCEB's top sector exposures are Finance, Telecommunications and Consumer Cyclicals. PICB is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.75% for PCEB. Run a side-by-side ETF comparison of PICB and PCEB 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 PCEB 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 PCEB | -2.07%-2.62% | -1.78%-1.56% | -2.81%n/a | -2.08%n/a | +17.68%n/a | -10.01%n/a |
| Flows | PICB PCEB | -- | +$2M+$11M | +$97M- | +$168M- | +$232M- | +$273M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PICB PCEB | +5.25%+4.88% | +7.29%n/a | +7.82%n/a | +9.23%n/a |
| Max drawdown | PICB PCEB | -3.08%-3.40% | -5.69%n/a | -9.81%n/a | -33.83%n/a |
| Max drawdown duration | PICB PCEB | 24d29d | 232dn/a | 198dn/a | 1822dn/a |
Trading data
PICB | PCEB | |
Last sale 9/18/2026 at 1:30 PM | $22.74 | $24.07 |
| Previous close 09/17/2026 | $22.77 | $24.18 |
| 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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PCEB
is actively managed and doesn’t replicate an indexPICB | PCEB | |
|---|---|---|
| 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 | PCEB | |
|---|---|---|
| Last price | $22.74 | $24.07 |
| 1D performance | -0.13% | -0.45% |
| AuM | $348.27 M | $21.08 M |
| E/R | 0.5% | 0.75% |
Characteristics
PICB | PCEB | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Polen Capital |
| Benchmark | S&P International Corporate Bond Index | - |
| N° of holdings | 595 | 89 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 3, 2010 | May 5, 2026 |
| 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%
PCEB
France
17.6%
Germany
16.83%
USA
12.69%
Italy
10.11%
United Kingdom
9.24%
Other
33.53%
Sectors
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
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%
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Diversification
PICB
Total weight of top 15 holdings out of 15
7.71%
PCEB
Total weight of top 15 holdings out of 15
27.17%
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%
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%
Frequently asked questions about PICB and PCEB
Which ETF is bigger: PICB or PCEB?
As of September 18, 2026, PICB holds $348.27 M in assets under management (AUM), while PCEB manages $21.08 M.
What sectors do the PICB and PCEB ETFs invest in?
PICB leans toward sectors like Finance, Utilities and Industrials. Meanwhile, PCEB focuses on Finance, Telecommunications and Consumer Cyclicals.
What are the top holdings of the PICB ETF and PCEB 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. PCEB holds in its top three: Electricite de France (EDF), 5.625% perp., EUR, Fibercop SPA, 5.125% 30jun2032, EUR and Energias de Portugal, 4.75% 29may2054, EUR (53).
Which ETF is more diversified: PICB or PCEB?
PICB holds 595 securities with 7.71% of its assets in the top 15. PCEB has 93 securities and a top 15 weight of 27.17%.
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