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EFAA vs PICB

Invesco MSCI EAFE Income Advantage ETF vs Invesco International Corporate Bond ETF

EFAA

Invesco MSCI EAFE Income Advantage ETF

Annual cost

0.39%

Fund size

$505M

PICB

Invesco International Corporate Bond ETF

Annual cost

0.50%

Fund size

$356M

Key differences

EFAA is an alternative ETF, while PICB is a fixed income ETF. EFAA charges 0.39% a year and PICB 0.50%.

  • EFAA is an alternative fund, while PICB is a fixed income fund. They carry different risk/return profiles.
  • EFAA follows a option income strategy; PICB uses index tracking.
  • EFAA costs 0.11% less per year.
  • PICB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EFAAPICB
Annual cost (TER)0.39%0.50%
Fund size (AUM)$505M$356M
Since20242010
Dividend yield8.11%3.30%
Asset classalternativefixed income
Regionglobal ex us
Strategyoption incomeindex tracking
CAGR 1Y+16.3%+1.8%
CAGR 3YN/A+6.1%
CAGR 5YN/A-2.3%
Sharpe 3YN/A0.31
Volatility 1Y12.12%7.83%
Max drawdown-11.97%-37.15%

Similar to EFAA and PICB