PICB vs. VAGU.L
Compare and contrast key facts about Invesco International Corporate Bond ETF (PICB) and Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L).
PICB and VAGU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICB is a passively managed fund by Invesco that tracks the performance of the S&P International Corporate Bond Index. It was launched on Jun 3, 2010. VAGU.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate TR Hdg USD. It was launched on Jun 18, 2019. Both PICB and VAGU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PICB or VAGU.L.
Key characteristics
| PICB | VAGU.L | |
|---|---|---|
| YTD Return | -1.70% | 2.10% |
| 1Y Return | 4.73% | 7.11% |
| 3Y Return (Ann) | -5.62% | -1.61% |
| 5Y Return (Ann) | -1.84% | -0.12% |
| Sharpe Ratio | 0.86 | 1.47 |
| Sortino Ratio | 1.29 | 2.26 |
| Omega Ratio | 1.16 | 1.26 |
| Calmar Ratio | 0.28 | 0.57 |
| Martin Ratio | 2.37 | 5.81 |
| Ulcer Index | 3.02% | 1.25% |
| Daily Std Dev | 8.31% | 5.01% |
| Max Drawdown | -37.24% | -17.42% |
| Current Drawdown | -21.15% | -6.61% |
Correlation
The correlation between PICB and VAGU.L is 0.40, 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.
Performance
PICB vs. VAGU.L - Performance Comparison
In the year-to-date period, PICB achieves a -1.70% return, which is significantly lower than VAGU.L's 2.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PICB vs. VAGU.L - Expense Ratio Comparison
PICB has a 0.50% expense ratio, which is higher than VAGU.L's 0.10% expense ratio.
Risk-Adjusted Performance
PICB vs. VAGU.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Corporate Bond ETF (PICB) and Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L). 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.
Dividends
PICB vs. VAGU.L - Dividend Comparison
PICB's dividend yield for the trailing twelve months is around 3.02%, while VAGU.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICB Invesco International Corporate Bond ETF | 3.02% | 2.25% | 1.64% | 1.33% | 1.21% | 1.43% | 1.70% | 1.47% | 2.20% | 2.38% | 2.65% | 2.73% |
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PICB vs. VAGU.L - Drawdown Comparison
The maximum PICB drawdown since its inception was -37.24%, which is greater than VAGU.L's maximum drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for PICB and VAGU.L. For additional features, visit the drawdowns tool.
Volatility
PICB vs. VAGU.L - Volatility Comparison
Invesco International Corporate Bond ETF (PICB) has a higher volatility of 2.60% compared to Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) at 1.24%. This indicates that PICB's price experiences larger fluctuations and is considered to be riskier than VAGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.