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Invesco International Corporate Bond ETF (PICB) Sharpe Ratio: 0.43

ETF · Currency in USD · Last updated Jun 3, 2026

PICB is a passive ETF by Invesco tracking the investment results of the S&P International Corporate Bond Index. PICB launched on Jun 3, 2010 and has a 0.50% expense ratio.

PICB's Sharpe Ratio of 0.43 indicates that for each unit of volatility, it generates 0.43 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

PICB Sharpe Ratio Rank

PICB Sharpe Ratio Rank: 15.215
Concerning

PICB ranks above 15.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

PICB Sharpe Ratio Market Positioning

The chart shows PICB's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.91 or lower
  • Yellow zone (middle 50%): 0.91 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.87+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco International Corporate Bond ETF's Sharpe Ratio with other ETFs in the Corporate Bonds category across multiple time periods, showing how PICB's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FLRNSPDR Bloomberg Barclays Investment Grade Floating Rate ETF7.18
BSCQInvesco BulletShares 2026 Corporate Bond ETF7.06
IBDRiShares iBonds Dec 2026 Term Corporate ETF7.02
MYCFState Street My2026 Corporate Bond ETF6.95
FLTRVanEck Vectors Investment Grade Floating Rate ETF6.84
FLOTiShares Floating Rate Bond ETF6.68
FLDRFidelity Low Duration Bond Factor ETF5.99
MYCGState Street My2027 Corporate Bond ETF4.71
BSCRInvesco BulletShares 2027 Corporate Bond ETF4.26
IBDSiShares iBonds Dec 2027 Term Corporate ETF4.19
PICBInvesco International Corporate Bond ETF0.43

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PICB's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PICB consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PICB fit in your portfolio?

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