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ETFs

Invesco International Corporate Bond ETF

PICB
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 3, 2010
Expense Ratio
0.5%
Type
Global Ex. US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$890,098
AUM
$118,202,280
Associated Index
S&P International Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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TorontoDominion Bank/The
0.65%
—
NTT Finance Corp
0.57%
—
NTT Finance Corp
0.55%
—
Royal Bank of Canada
0.54%
—
Royal Bank of Canada
0.52%
—
Bank of Montreal
0.49%
—
TorontoDominion Bank/The
0.48%
—
Bank of Montreal
0.48%
—
TorontoDominion Bank/The
0.48%
—
Enel Finance International NV - 5.75% NT REDEEM 14/09/2040 GBP 50000
0.44%
Invest with PICB
Trade PICB Options

What is PICB?

The Invesco International Corporate Bond ETF (Fund) is based on the S&P International Corporate Bond Index (Index). The Fund will normally invest at least 80% of its total assets in investment-grade corporate bonds that comprise the Index. The Index measures the performance of investment-grade corporate bonds issued in the following currencies of Group of Ten (G10) countries, excluding the US dollar (USD): Australian dollar (AUD), British pound (GBP), Canadian dollar (CAD), euro (EUR), Japanese yen (JPY), Swiss franc (SFR), New Zealand dollar (NZD), Norwegian krone (NOK) and Swedish krona (SEK). The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced monthly and reconstituted annually in September.

1M
3M
6M
YTD
1Y
3Y
Max
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PICB
Performance Measures**

for the time period Jun 3, 2010 to Dec 4, 2025

Returns

1M Trailing Return: 1.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -37.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 9.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.25

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.05

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPICB

ETFs correlated to PICB include IBND, IGOV, BWX

PICB
Invesco Capital Management LLC - Invesco International Corporate Bond ETF
IBND
SPDR Series Trust - SPDR Bloomberg International Corporate Bond ETF
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
WIP
SPDR Series Trust - SPDR Citi International Government Inflation-Protected Bond ETF
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
FXB
Rydex Investments - Invesco CurrencyShares British Pound Sterling Trust
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
FXE
Rydex Investments - Invesco CurrencyShares Euro Trust

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toPICB

Roth component - euro bonds to treasuries

Category

Tactical allocation, Regime switching, Relative strength, Multi-asset, ETFs, Leveraged/inverse, Commodities, Currencies, Volatility

OOS Cumulative Return

19.6%

Create your own algorithmic trading strategy with PICB using Composer

FAQ

PICB is a Global Ex. US Bonds ETF. The Invesco International Corporate Bond ETF (Fund) is based on the S&P International Corporate Bond Index (Index). The Fund will normally invest at least 80% of its total assets in investment-grade corporate bonds that comprise the Index. The Index measures the performance of investment-grade corporate bonds issued in the following currencies of Group of Ten (G10) countries, excluding the US dollar (USD): Australian dollar (AUD), British pound (GBP), Canadian dollar (CAD), euro (EUR), Japanese yen (JPY), Swiss franc (SFR), New Zealand dollar (NZD), Norwegian krone (NOK) and Swedish krona (SEK). The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced monthly and reconstituted annually in September.

PICB tracks the S&P International Corporate Bond Index.

No, PICB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PICB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PICB is -0.0227%. This is the percent change in the value of PICB over the most recent 1-month period. The 3-month return on PICB is -0.0305%. This is the percent change in the value of PICB over the most recent 3-month period.

The standard deviation of PICB for the past year is 0.1321%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PICB include IGSB, VCIT, and LQD.

ETFs correlated to PICB include IBND, IGOV, and BWX.

ETFs that are inversely correlated to PICB include UUP, USDU, and EUO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.