CVRTvsCWBETF Comparison
VS
ETF 2
CWB
State Street SPDR Bloomberg Convertible Securities ETF
This fund is part of
Convertible Bonds
+0.38%
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, Utilities and Finance. 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 23.94% year-to-date (YTD) with +$24M in YTD flows. CWB performs worse with 15.38% YTD performance, and +$429M 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 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVRT CWB | -3.25%-2.36% | -10.98%-7.64% | +23.94%+15.38% | +31.27%+15.03% | n/a+56.27% | n/a+30.66% |
| Flows | CVRT CWB | -+$41M | +$17M-$355M | +$24M+$429M | +$27M+$447M | --$451M | --$1.45B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVRT CWB | +22.21%+18.05% | +24.01%+17.06% | n/a+12.49% | n/a+12.73% |
| Max drawdown | CVRT CWB | -13.83%-10.95% | -15.65%-10.95% | n/a-11.44% | n/a-27.85% |
| Max drawdown duration | CVRT CWB | 89d89d | 108d89d | n/a108d | n/a1327d |
Trading data
CVRT | CWB | |
Last sale 9/18/2026 at 7:48 PM | $46.64 | $102.32 |
| Previous close 09/18/2026 | $46.66 | $101.56 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 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 9/18/2026 at 7:48 PM
Live
Closed
CVRT | CWB | |
|---|---|---|
| Last price | $46.64 | $102.32 |
| 1D performance | -0.06% | +0.75% |
| AuM | $42.08 M | $5.60 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 | 88 | 338 |
| 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
94.28%
Other
5.72%
CWB
USA
86.39%
Other
13.61%
Sectors
CVRT
Technology
45.79%
Utilities
13.33%
Finance
10.95%
Healthcare
8.07%
Industrials
7.38%
Other
14.48%
CWB
Technology
38.97%
Finance
14.29%
Utilities
10.01%
Industrials
9.14%
Healthcare
8.66%
Consumer Cyclical.
7.27%
Other
11.65%
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Diversification
CVRT
Total weight of top 15 holdings out of 15
44.74%
CWB
Total weight of top 15 holdings out of 15
21.27%
Top 15 holdings
Data as of July 31, 2026
CVRT
Western Digital, 3% 15nov2028, USD (Conv.)
7.03%
The Boeing Co.
5.34%
Alphabet, Inc.
5.03%
Alphabet, Inc.
5.03%
Lumentum Holdings, 0.375% 15mar2032, USD (Conv.)
3.43%
Super Micro Computer, Inc.
2.63%
Hewlett Packard Enterprise Co.
2.60%
Oracle Corp.
2.25%
MKS Inc., 1.25% 1jun2030, USD (Conv.)
2.00%
Akamai Technologies, 0.25% 15may2033, USD (Conv.)
1.72%
Snowflake, 0% 1oct2029, USD (Conv.)
1.59%
KKR & Co., Inc.
1.56%
NextEra Energy, 7.375% 15feb2029, USD (Conv.)
1.53%
Snowflake, 0% 1oct2027, USD (Conv.)
1.52%
Cipher Mining, 0% 1oct2031, USD (Conv.)
1.50%
CWB
Western Digital, 3% 15nov2028, USD (Conv.)
2.59%
Alphabet, Inc.
2.48%
Alphabet, Inc.
2.46%
The Boeing Co.
1.97%
Alibaba, 0.5% 1jun2031, USD (Conv.)
1.80%
Lumentum Holdings, 0.375% 15mar2032, USD (Conv.)
1.26%
Wells Fargo & Co.
1.22%
Oracle Corp.
1.07%
Bank of America Corp.
1.03%
Super Micro Computer, Inc.
0.99%
Hewlett Packard Enterprise Co.
0.97%
CoreWeave, 1.75% 1oct2032, USD (Conv.)
0.93%
Bloom Energy, 0% 15nov2030, USD (Conv.)
0.89%
Nebius, 1.25% 15mar2031, USD (Conv.)
0.86%
MKS Inc., 1.25% 1jun2030, USD (Conv.)
0.74%
Frequently asked questions about CVRT and CWB
How have the CVRT and CWB ETFs performed in 2026?
As of September 18, 2026, CVRT is up 23.94% year-to-date (YTD), while CWB has returned 15.38%. 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 +$24M in flows, compared to +$429M for CWB.
Which ETF is more volatile: CVRT or CWB?
Over the past year, CVRT had a volatility of 24.01%, while CWB experienced 17.06%.
Which ETF is bigger: CVRT or CWB?
As of September 18, 2026, CVRT holds $42.08 M in assets under management (AUM), while CWB manages $5.60 B.
What sectors do the CVRT and CWB ETFs invest in?
CVRT leans toward sectors like Technology, Utilities and Finance. Meanwhile, CWB focuses on Technology, Finance and Utilities.
What are the top holdings of the CVRT ETF and CWB ETF?
CVRT top holdings include Western Digital, 3% 15nov2028, USD (Conv.), The Boeing Co. and Alphabet, Inc.. CWB holds in its top three: Western Digital, 3% 15nov2028, USD (Conv.), Alphabet, Inc. and Alphabet, Inc..
Which ETF is more diversified: CVRT or CWB?
CVRT holds 91 securities with 44.74% of its assets in the top 15. CWB has 341 securities and a top 15 weight of 21.27%.
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