WIPvsPICBETF Comparison
ETF 1
WIP
State Street SPDR FTSE International Government Inflation-Protected Bond ETF
This fund is part of
Inflation-linked Bonds
-0.03%
VS
State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) belongs to the Inflation-linked Bonds segment. Invesco International Corporate Bond ETF (PICB) is part of the Intl IG Bonds segment. WIP's top 1 sector exposures are Sovereign. In contrast, PICB's top sector exposures are Finance, Utilities and Industrials. Both WIP and PICB have the same Total Expense Ratio (TER) of 0.5%. WIP is up 4.2% year-to-date (YTD) with +$124M in YTD flows. PICB performs worse with -0.59% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of WIP and PICB 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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WIP vs PICB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | WIP PICB | +0.81%+0.88% | -0.17%-0.27% | +4.20%-0.59% | +9.18%+2.11% | +14.84%+18.09% | -2.82%-8.93% |
| Flows | WIP PICB | --$5M | -$57M+$6M | +$124M+$97M | +$132M+$171M | +$50M+$232M | +$210M+$276M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | WIP PICB | +6.27%+5.55% | +7.22%+7.34% | +8.21%+7.83% | +9.86%+9.22% |
| Max drawdown | WIP PICB | -2.68%-2.89% | -4.42%-5.69% | -11.29%-9.81% | -27.94%-34.98% |
| Max drawdown duration | WIP PICB | 77d83d | 46d214d | 544d198d | 1811d1820d |
Trading data
WIP | PICB | |
Last sale 9/1/2026 at 1:30 PM | $39.24 | $22.99 |
| Previous close 08/31/2026 | $39.56 | $23.15 |
| Consolidated volume 08/31/2026 | ||
| 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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WIP | PICB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
WIP | PICB | |
|---|---|---|
| Last price | $39.24 | $22.99 |
| 1D performance | -0.81% | -0.69% |
| AuM | $472.80 M | $356.24 M |
| E/R | 0.5% | 0.5% |
Characteristics
WIP | PICB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | FTSE International Inflation-Linked Securities Select Index | S&P International Corporate Bond Index |
| N° of holdings | 178 | 595 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 13, 2008 | June 3, 2010 |
| ESG | No | No |
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Exposure
Countries
WIP
United Kingdom
17.88%
Brazil
7.36%
France
7.31%
Other
67.44%
PICB
France
23.33%
Canada
17.05%
United Kingdom
15.98%
Germany
9.62%
Other
34.01%
Sectors
WIP
Sovereign
98.45%
Other
1.55%
PICB
Finance
49.4%
Utilities
11.24%
Industrials
8.13%
Telecommunication.
7.31%
Other
23.93%
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Diversification
WIP
Total weight of top 15 holdings out of 15
20.36%
PICB
Total weight of top 15 holdings out of 15
7.71%
Top 15 holdings
Data as of July 31, 2026
WIP
Germany, Bund€i 0.5% 15apr2030, EUR
2.36%
Spain, OBL IDX 0.7% 30nov2033, EUR
1.48%
United Kingdom, Index-linked Gilt 0.125% 10aug2028, GBP
1.46%
Turkey, Bonds 2.48% 2may2029, TRY
1.42%
Poland, Bonds 2% 25aug2036, PLN (IZ0836)
1.41%
France, OAT€i 3.15% 25jul2032, EUR
1.40%
United Kingdom, Index-linked Gilt 0.125% 22mar2068, GBP
1.39%
United Kingdom, Index-linked Gilt 1.125% 22sep2035, GBP
1.30%
Germany, Bund€i 0.1% 15apr2046, EUR
1.19%
New Zealand, IIB 3.275% 20sep2035, NZD (NZG0935)
1.19%
United Kingdom, Index-linked Gilt 0.75% 22nov2033, GBP
1.19%
Brazil, NTN-B 6% 15may2035, BRL (NTN-B)
1.15%
Spain, OBL IDX 1% 30nov2030, EUR
1.15%
Sweden, SGBi 3.5% 1dec2028, SEK
1.14%
Australia, TIB 2% 21aug2035, AUD (CAIN410)
1.13%
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%
Frequently asked questions about WIP and PICB
How have the WIP and PICB ETFs performed in 2026?
As of August 31, 2026, WIP is up 4.2% year-to-date (YTD), while PICB has lost -0.59%. That puts WIP better performer ahead so far this year.
Which ETF is attracting more investor money: WIP or PICB?
Year-to-date, the WIP ETF saw +$124M in flows, compared to +$97M for PICB.
Which ETF is more volatile: WIP or PICB?
Over the past year, WIP had a volatility of 7.22%, while PICB experienced 7.34%.
Which ETF is bigger: WIP or PICB?
As of August 31, 2026, WIP holds $472.80 M in assets under management (AUM), while PICB manages $356.24 M.
What sectors do the WIP and PICB ETFs invest in?
WIP leans toward sectors like Sovereign. Meanwhile, PICB focuses on Finance, Utilities and Industrials.
What are the top holdings of the WIP ETF and PICB ETF?
WIP top holdings include Germany, Bund€i 0.5% 15apr2030, EUR, Spain, OBL IDX 0.7% 30nov2033, EUR and United Kingdom, Index-linked Gilt 0.125% 10aug2028, GBP. PICB holds in its top three: NTT Finance Corporation, 0.38% 20sep2030, JPY, Toronto-Dominion Bank, 4.68% 8jan2029, CAD and Bank of Montreal, 4.709% 7dec2027, CAD.
Which ETF is more diversified: WIP or PICB?
WIP holds 178 securities with 20.36% of its assets in the top 15. PICB has 595 securities and a top 15 weight of 7.71%.
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