Invesco International Corporate Bond ETF
$22.23+0.14 (+0.61%)
- 0.50%
- $340M
- −3.4%
- 3.61%
- 0.1M sh
- $22.15
- low $22.06high $24.56
The ETF.net PICB Grade
D
Score 33 out of 100
- 46 of 49
Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F9 out of 100Rank 42 of 49Mission
Whether the fund did what it promised, tested against its stated mandate.C46 out of 100Rank 42 of 45Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 48 of 49Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D32 out of 100Rank 37 of 49Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 16 of 49Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 18 of 49
Our read on PICB
DThe odd one out in a very US-heavy aisle. PICB tracks an S&P index of investment grade corporate bonds from outside the United States, roughly 600 of them, and has been doing it since 2010. Broad overseas credit in one ticket, at a premium price.
The Fund seeks to track the investment results of the S&P International Corporate Bond Index before fees and expenses.
Why people hold it
- A real niche: the cohort's highest-rated names (VCIT, USIG, SPIB) all hold US corporate paper. PICB's mandate is international corporate credit instead.
- Spread wide by design: about 600 bonds, tracked to an index rather than hand-picked, so no single issuer or manager call runs the show.
- Pays monthly, and has been on the tape since 2010, a long record for a corner of the market with few US-listed options.
Worth knowing
- Costs 0.50% a year against a 0.19% median for investment grade corporate bond ETFs. That gap is the main reason it sits in the lower tier of its peer group.
- Moderately traded rather than one of the category's heavyweights, so the cost of getting in and out is worth checking before you trade.
- An international mandate tracks overseas credit markets, not the domestic ones its peers follow. Different job, different behavior.
PICB Holdings
- Bonds
- 525
- 7%
- USD Pending Dividends
Sectors
- Corporate94.5%
- Government3.9%
- Securitized1.6%
Geography
- France22.94%
- United Kingdom17.66%
- Canada14.63%
- Netherlands12.67%
- Australia4.67%
- Spain4.59%
- Germany4.52%
- Italy4.06%
- 14.28%
Developed 100% · Emerging 0%
PICB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PICB$9,655
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PICB |
|---|---|
| Year to date | −5.1% |
| 1 month | −3.2% |
| 3 months | −3.5% |
| 1 year | −3.4% |
| 3 years | +5.4% |
| 5 years | −2.0% |
| 10 years | +0.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PICB |
|---|---|---|
| 2026 YTD | −5.1% | |
| 2025 | +14.3% | |
| 2024 | −3.5% | |
| 2023 | +11.6% | |
| 2022 | −22.6% | |
| 2021 | −6.9% | |
| 2020 | +12.9% |
PICB in the news
Filings Digest
VanEck cuts its CLO ETF fee from 0.36% to 0.29%
PICB Dividends
- 3.61%
- $0.80
- $0.07 per share
- Monthly
Distribution history
PICB Risk
- 8.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.14
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −34.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PICB Cost
0.50%
PICB0.50%
- The middle half of Investment Grade Corporate funds
- Median 0.29%
43 of the 49 Investment Grade Corporate funds charge less.
Other funds in Investment Grade Corporate
- DBRIBFIS Bright Portfolios Core Bond ETFExpense ratio 0.49%1 year return —
- DYFFIIndexperts Yield Focused Fixed Income ETFExpense ratio 0.50%1 year return −2.3%
- DCCRPColumbia Corporate Bond ETFExpense ratio 0.49%1 year return —
- DIBNDSPDR Bloomberg International Corporate Bond ETFExpense ratio 0.50%1 year return −5.1%
- FSHRDArimathea Catholic Core Bond ETFExpense ratio 0.52%1 year return —