Invesco International Corporate Bond ETF
$22.38+0.01 (+0.05%)
- 0.50%
- $343M
- −2.1%
- 3.57%
- 68.2K sh
- low $22.02high $24.56
The ETF.net PICB Grade
D
Score 32 out of 100
- 45 of 49
Score 32 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.F8 out of 100Rank 43 of 49Mission
Whether the fund did what it promised, tested against its stated mandate.C45 out of 100Rank 42 of 45Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F21 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.D31 out of 100Rank 38 of 49Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 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.B69 out of 100Rank 16 of 49
Our read on PICB
In short
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.
Stated mandate
The Fund seeks to track the investment results of the S&P International Corporate Bond Index before fees and expenses.
Why people hold it
Worth knowing
PICB Holdings
- Bonds
- 525
- 7%
- USD Pending Dividends
Sectors
- Corporate94.4%
- Government4.0%
- Securitized1.7%
Geography
- France22.73%
- United Kingdom17.85%
- Canada14.74%
- Netherlands12.61%
- Australia4.69%
- Spain4.47%
- Germany4.45%
- Italy4.05%
- 14.40%
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$9,792
Returns run to the Oct 30, 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 | −3.7% |
| 1 month | +0.9% |
| 3 months | −2.2% |
| 1 year | −2.1% |
| 3 years | +5.9% |
| 5 years | −2.0% |
| 10 years | +0.9% |
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 | −3.7% | |
| 2025 | +14.3% | |
| 2024 | −3.5% | |
| 2023 | +11.6% | |
| 2022 | −22.6% | |
| 2021 | −6.9% | |
| 2020 | +12.9% |
PICB in the news
PICB Dividends
- 3.57%
- $0.80
- $0.07 per share
- Monthly
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.
- 0.19
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.
FMP measures it over up to five years of monthly returns.
PICB Cost
Overpaying vs SPBO, tied cheapest in Investment Grade Corporate
$9,341
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PICB 0.50%
$9,979
SPBO 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | PICB | SPBO | Overpaying |
|---|---|---|---|
| 10 | $900 | $55 | $845 |
| 20 | $3,460 | $216 | $3,244 |
| 30 | $9,979 | $638 | $9,341 |
Other funds in Investment Grade Corporate
- DIBDInspire Corporate Bond ETFExpense ratio 0.41%1 year return +1.1%
- DCCRPColumbia Corporate Bond ETFExpense ratio 0.49%1 year return
- DYFFIIndexperts Yield Focused Fixed Income ETFExpense ratio 0.50%1 year return 0.0%
- DIBNDSPDR Bloomberg International Corporate Bond ETFExpense ratio 0.50%1 year return −4.1%
- FSHRDArimathea Catholic Core Bond ETFExpense ratio 0.53%1 year return
