PICB vs VTI
Invesco International Corporate Bond ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | PICB | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $356M | $663.5B | |
| Dividend Yield | 3.39% | 1.07% | |
| Holdings | 599 | 3,543 | |
| YTD Return | -0.57% | +13.87% | |
| 1Y Return | +1.04% | +23.31% | |
| 3Y Return (annualized) | +5.70% | +21.17% | |
| 5Y Return (annualized) | -2.08% | +12.23% | |
| Volatility (annualized) | 10.0% | 15.3% | |
| Max Drawdown | -38.1% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 3, 2010 | May 24, 2001 |
PICB vs VTI Performance
Invesco International Corporate Bond ETF (PICB) is a ETF from Invesco (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PICB returned +1.04% while VTI returned +23.31%. Year to date, PICB is down 0.57% versus a gain of 13.87% for VTI.
Over three years, PICB compounded at +5.70% per year against +21.17% for VTI; over five years the annualized figures are -2.08% and +12.23% respectively. Across the full 16-year window we track, VTI has the edge at +8.13% annualized vs +0.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.0% for PICB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.1% for PICB and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PICB charges 0.50% per year while VTI charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, PICB currently yields 3.39% against 1.07% for VTI.
Holdings Overlap
PICB and VTI share 0 holdings out of 3178 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PICB or VTI?
PICB has an expense ratio of 0.50% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, PICB or VTI?
Over the past year PICB returned +1.04% vs +23.31% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (16 years), PICB annualized +0.35% vs +8.13% for VTI. Past performance does not guarantee future results.
Which is riskier, PICB or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 10.0% for PICB. Worst drawdown: PICB -38.1% vs VTI -56.6%.
Should I hold both PICB and VTI?
PICB and VTI have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PICB and VTI?
PICB and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3178 unique securities.
Which pays a higher dividend, PICB or VTI?
PICB yields 3.39% while VTI yields 1.07%, so PICB currently pays the higher dividend yield.
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