CVRTvsSBILETF Comparison
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Calamos Convertible Equity Alternative ETF (CVRT) belongs to the Convertible Bonds segment. Simplify Government Money Market ETF (SBIL) is part of the Money Market Bonds segment. CVRT's top 3 sector exposures are Technology, Utilities and Finance. In contrast, SBIL's top sector exposures are Government Agencies and Sovereign. CVRT is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.15% for SBIL. CVRT is up 25.45% year-to-date (YTD) with +$24M in YTD flows. SBIL performs worse with 2.56% YTD performance, and +$193M in YTD flows. Run a side-by-side ETF comparison of CVRT and SBIL 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 SBIL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVRT SBIL | -1.34%+0.29% | -9.45%+0.89% | +25.45%+2.56% | +31.41%+3.71% | n/an/a | n/an/a |
| Flows | CVRT SBIL | --$265M | +$11M-$330M | +$24M+$193M | +$27M+$1.68B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVRT SBIL | +22.37%+0.13% | +24.08%+0.12% | n/an/a | n/an/a |
| Max drawdown | CVRT SBIL | -13.40%n/a | -15.65%n/a | n/an/a | n/an/a |
| Max drawdown duration | CVRT SBIL | 91dn/a | 111dn/a | n/an/a | n/an/a |
Trading data
CVRT | SBIL | |
Last sale 9/21/2026 at 7:18 PM | $47.15 | $100.28 |
| Previous close 09/21/2026 | $46.64 | $100.26 |
| Consolidated volume 09/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/21/2026 at 7:18 PM
Live
Closed
CVRT | SBIL | |
|---|---|---|
| Last price | $47.15 | $100.28 |
| 1D performance | +1.09% | +0.01% |
| AuM | $42.60 M | $4.60 B |
| E/R | 0.69% | 0.15% |
Characteristics
CVRT | SBIL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Calamos Investments | Simplify |
| Benchmark | - | - |
| N° of holdings | 88 | 125 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2023 | July 14, 2025 |
| ESG | No | No |
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Exposure
Countries
CVRT
USA
94.28%
Other
5.72%
SBIL
USA
70.59%
Other
29.41%
Sectors
CVRT
Technology
45.79%
Utilities
13.33%
Finance
10.95%
Healthcare
8.07%
Industrials
7.38%
Other
14.48%
SBIL
Government Agenci.
45.9%
Sovereign
24.69%
Other
29.41%
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Diversification
CVRT
Total weight of top 15 holdings out of 15
44.74%
SBIL
Total weight of top 15 holdings out of 15
25.05%
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%
SBIL
Freddie Mac, FRN 22sep2027, USD
2.90%
USA, Notes FRN 31jul2026, USD (BF-2026)
2.52%
USA, Notes FRN 31jul2027, USD (BF-2027)
2.02%
FHLB, 0% 7aug2026, USD (365D)
2.01%
FHLB, 0% 21aug2026, USD (365D)
2.01%
FHLB, 0% 27aug2026, USD (365D)
2.01%
FHLB, 0% 3sep2026, USD (365D)
1.61%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.41%
FHLB, 0% 28aug2026, USD (365D)
1.41%
USA, Bills 0% 8oct2026, USD (182D)
1.40%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.27%
US313313F450
1.20%
US313589C353
1.13%
US313589B447
1.09%
FHLB, 0% 31jul2026, USD (365D)
1.06%
Frequently asked questions about CVRT and SBIL
How have the CVRT and SBIL ETFs performed in 2026?
As of September 21, 2026, CVRT is up 25.45% year-to-date (YTD), while SBIL has returned 2.56%. That puts CVRT better performer ahead so far this year.
Which ETF is attracting more investor money: CVRT or SBIL?
Year-to-date, the CVRT ETF saw +$24M in flows, compared to +$193M for SBIL.
Which ETF is more volatile: CVRT or SBIL?
Over the past year, CVRT had a volatility of 24.08%, while SBIL experienced 0.12%.
Which ETF is bigger: CVRT or SBIL?
As of September 21, 2026, CVRT holds $42.60 M in assets under management (AUM), while SBIL manages $4.60 B.
What sectors do the CVRT and SBIL ETFs invest in?
CVRT leans toward sectors like Technology, Utilities and Finance. Meanwhile, SBIL focuses on Government Agencies and Sovereign.
What are the top holdings of the CVRT ETF and SBIL ETF?
CVRT top holdings include Western Digital, 3% 15nov2028, USD (Conv.), The Boeing Co. and Alphabet, Inc.. SBIL holds in its top three: Freddie Mac, FRN 22sep2027, USD, USA, Notes FRN 31jul2026, USD (BF-2026) and USA, Notes FRN 31jul2027, USD (BF-2027).
Which ETF is more diversified: CVRT or SBIL?
CVRT holds 91 securities with 44.74% of its assets in the top 15. SBIL has 167 securities and a top 15 weight of 25.05%.
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