CVRTvsCWBETF Comparison
VS
ETF 2
CWB
State Street SPDR Bloomberg Convertible Securities ETF
This fund is part of
Convertible Bonds
-0.15%
Calamos Convertible Equity Alternative ETF (CVRT) and State Street SPDR Bloomberg Convertible Securities ETF (CWB) belong to the same industry segment: Convertible Bonds. CVRT's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, CWB's top sector exposures are Technology, Finance and Utilities. CVRT is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.4% for CWB. CVRT is up 13.21% year-to-date (YTD) with +$21M in YTD flows. CWB performs worse with 6.62% YTD performance, and +$600M in YTD flows. Run a side-by-side ETF comparison of CVRT and CWB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CVRT vs CWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVRT CWB | -10.20%-7.93% | -13.12%-10.41% | +13.21%+6.62% | +15.53%+4.31% | +89.16%+50.15% | n/a+17.16% |
| Flows | CVRT CWB | -$2M+$211M | +$10M+$171M | +$21M+$600M | +$25M+$582M | +$27M+$716M | --$1.57B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVRT CWB | +19.51%+15.19% | +24.15%+17.31% | +20.09%+12.81% | n/a+12.87% |
| Max drawdown | CVRT CWB | -14.58%-12.31% | -21.03%-15.19% | -21.03%-15.19% | n/a-27.85% |
| Max drawdown duration | CVRT CWB | 79d80d | 155d136d | 155d136d | n/a1327d |
Trading data
CVRT | CWB | |
Last sale 11/4/2026 at 8:30 PM | $42.39 | $90.70 |
| Previous close 11/04/2026 | $42.49 | $93.67 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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CVRT
is actively managed and doesn’t replicate an indexCVRT | CWB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/4/2026 at 8:30 PM
Live
Closed
CVRT | CWB | |
|---|---|---|
| Last price | $42.39 | $90.70 |
| 1D performance | -0.25% | -3.17% |
| AuM | $36.14 M | $5.33 B |
| E/R | 0.69% | 0.4% |
Characteristics
CVRT | CWB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Calamos Investments | State Street Investment Management |
| Benchmark | - | Bloomberg U.S. Convertible Liquid Bond Index |
| N° of holdings | 84 | 308 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2023 | April 14, 2009 |
| ESG | No | No |
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Exposure
Countries
CVRT
USA
86.41%
Other
13.59%
CWB
USA
74.8%
Other
25.2%
Sectors
CVRT
Technology
40.99%
Healthcare
11.15%
Industrials
10.95%
Finance
9.02%
Utilities
7.08%
Other
20.82%
CWB
Technology
32.39%
Finance
11.85%
Utilities
8.41%
Industrials
7.86%
Healthcare
7.8%
Other
31.69%
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Diversification
CVRT
Total weight of top 15 holdings out of 15
45.66%
CWB
Total weight of top 15 holdings out of 15
19.81%
Top 15 holdings
Data as of September 30, 2026
CVRT
Alphabet, Inc.
5.04%
Alphabet, Inc.
4.98%
The Boeing Co.
4.82%
US55024UAK51
4.79%
Super Micro Computer, Inc.
3.74%
Hewlett Packard Enterprise Co.
3.58%
Oracle Corp.
3.14%
Bloom Energy, 0% 15nov2030, USD (Conv.)
2.97%
Cloudflare, 0% 15jun2030, USD (Conv.)
2.29%
MKS Inc., 1.25% 1jun2030, USD (Conv.)
1.92%
Snowflake, 0% 1oct2029, USD (Conv.)
1.91%
Snowflake, 0% 1oct2027, USD (Conv.)
1.76%
CyberArk Software, 0% 15jun2030, USD (Conv.)
1.64%
Akamai Technologies, 0.25% 15may2033, USD (Conv.)
1.62%
Albemarle Corp.
1.49%
CWB
Alphabet, Inc.
2.30%
Alphabet, Inc.
2.30%
The Boeing Co.
1.64%
US55024UAK51
1.61%
Alibaba, 0.5% 1jun2031, USD (Conv.)
1.54%
Super Micro Computer, Inc.
1.27%
Hewlett Packard Enterprise Co.
1.20%
US21873SAL25
1.10%
Oracle Corp.
1.06%
Wells Fargo & Co.
1.04%
Bloom Energy, 0% 15nov2030, USD (Conv.)
1.02%
Western Digital, 3% 15nov2028, USD (Conv.)
0.98%
Nebius, 1.25% 15mar2031, USD (Conv.)
0.94%
CoreWeave, 1.75% 1oct2032, USD (Conv.)
0.92%
Bank of America Corp.
0.90%
Frequently asked questions about CVRT and CWB
How have the CVRT and CWB ETFs performed in 2026?
As of November 4, 2026, CVRT is up 13.21% year-to-date (YTD), while CWB has returned 6.62%. That puts CVRT better performer ahead so far this year.
Which ETF is attracting more investor money: CVRT or CWB?
Year-to-date, the CVRT ETF saw +$21M in flows, compared to +$600M for CWB.
Which ETF is more volatile: CVRT or CWB?
Over the past year, CVRT had a volatility of 24.15%, while CWB experienced 17.31%.
Which ETF is bigger: CVRT or CWB?
As of November 4, 2026, CVRT holds $36.14 M in assets under management (AUM), while CWB manages $5.33 B.
What sectors do the CVRT and CWB ETFs invest in?
CVRT leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, CWB focuses on Technology, Finance and Utilities.
What are the top holdings of the CVRT ETF and CWB ETF?
CVRT top holdings include Alphabet, Inc., Alphabet, Inc. and The Boeing Co.. CWB holds in its top three: Alphabet, Inc., Alphabet, Inc. and The Boeing Co..
Which ETF is more diversified: CVRT or CWB?
CVRT holds 94 securities with 45.66% of its assets in the top 15. CWB has 361 securities and a top 15 weight of 19.81%.
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