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PICB vs. CBON
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PICB and CBON is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

PICB vs. CBON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Corporate Bond ETF (PICB) and VanEck Vectors ChinaAMC China Bond ETF (CBON). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%NovemberDecember2025FebruaryMarchApril
-0.41%
18.86%
PICB
CBON

Key characteristics

Sharpe Ratio

PICB:

1.30

CBON:

0.42

Sortino Ratio

PICB:

2.02

CBON:

0.65

Omega Ratio

PICB:

1.24

CBON:

1.08

Calmar Ratio

PICB:

0.45

CBON:

0.28

Martin Ratio

PICB:

2.69

CBON:

0.94

Ulcer Index

PICB:

4.01%

CBON:

2.27%

Daily Std Dev

PICB:

8.32%

CBON:

5.11%

Max Drawdown

PICB:

-37.10%

CBON:

-14.13%

Current Drawdown

PICB:

-14.98%

CBON:

-5.08%

Returns By Period

In the year-to-date period, PICB achieves a 9.56% return, which is significantly higher than CBON's 0.26% return. Over the past 10 years, PICB has underperformed CBON with an annualized return of 0.51%, while CBON has yielded a comparatively higher 1.92% annualized return.


PICB

YTD

9.56%

1M

5.71%

6M

4.81%

1Y

10.68%

5Y*

0.27%

10Y*

0.51%

CBON

YTD

0.26%

1M

-0.03%

6M

-1.04%

1Y

2.63%

5Y*

2.51%

10Y*

1.92%

*Annualized

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PICB vs. CBON - Expense Ratio Comparison

Both PICB and CBON have an expense ratio of 0.50%.


Expense ratio chart for PICB: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PICB: 0.50%
Expense ratio chart for CBON: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CBON: 0.50%

Risk-Adjusted Performance

PICB vs. CBON — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PICB
The Risk-Adjusted Performance Rank of PICB is 7878
Overall Rank
The Sharpe Ratio Rank of PICB is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of PICB is 8989
Sortino Ratio Rank
The Omega Ratio Rank of PICB is 8585
Omega Ratio Rank
The Calmar Ratio Rank of PICB is 5959
Calmar Ratio Rank
The Martin Ratio Rank of PICB is 7070
Martin Ratio Rank

CBON
The Risk-Adjusted Performance Rank of CBON is 4747
Overall Rank
The Sharpe Ratio Rank of CBON is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of CBON is 5050
Sortino Ratio Rank
The Omega Ratio Rank of CBON is 4646
Omega Ratio Rank
The Calmar Ratio Rank of CBON is 4747
Calmar Ratio Rank
The Martin Ratio Rank of CBON is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PICB vs. CBON - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Corporate Bond ETF (PICB) and VanEck Vectors ChinaAMC China Bond ETF (CBON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for PICB, currently valued at 1.30, compared to the broader market-1.000.001.002.003.004.00
PICB: 1.30
CBON: 0.42
The chart of Sortino ratio for PICB, currently valued at 2.02, compared to the broader market-2.000.002.004.006.008.00
PICB: 2.02
CBON: 0.65
The chart of Omega ratio for PICB, currently valued at 1.24, compared to the broader market0.501.001.502.00
PICB: 1.24
CBON: 1.08
The chart of Calmar ratio for PICB, currently valued at 0.45, compared to the broader market0.002.004.006.008.0010.0012.00
PICB: 0.45
CBON: 0.28
The chart of Martin ratio for PICB, currently valued at 2.69, compared to the broader market0.0020.0040.0060.00
PICB: 2.69
CBON: 0.94

The current PICB Sharpe Ratio is 1.30, which is higher than the CBON Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of PICB and CBON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50NovemberDecember2025FebruaryMarchApril
1.30
0.42
PICB
CBON

Dividends

PICB vs. CBON - Dividend Comparison

PICB's dividend yield for the trailing twelve months is around 2.97%, more than CBON's 1.77% yield.


TTM20242023202220212020201920182017201620152014
PICB
Invesco International Corporate Bond ETF
2.97%3.19%2.24%1.64%1.34%1.22%1.42%1.70%1.47%2.20%2.39%2.64%
CBON
VanEck Vectors ChinaAMC China Bond ETF
1.77%2.15%3.01%2.70%3.05%2.87%3.87%3.39%3.33%3.25%2.78%0.28%

Drawdowns

PICB vs. CBON - Drawdown Comparison

The maximum PICB drawdown since its inception was -37.10%, which is greater than CBON's maximum drawdown of -14.13%. Use the drawdown chart below to compare losses from any high point for PICB and CBON. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-14.98%
-5.08%
PICB
CBON

Volatility

PICB vs. CBON - Volatility Comparison

Invesco International Corporate Bond ETF (PICB) has a higher volatility of 4.04% compared to VanEck Vectors ChinaAMC China Bond ETF (CBON) at 2.00%. This indicates that PICB's price experiences larger fluctuations and is considered to be riskier than CBON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
4.04%
2.00%
PICB
CBON