CVRTvsSHVETF Comparison
VS
Calamos Convertible Equity Alternative ETF (CVRT) belongs to the Convertible Bonds segment. iShares 0–1 Year Treasury Bond ETF (SHV) is part of the Money Market Bonds segment. CVRT's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, SHV's top sector exposures are Sovereign and Non-Corporate. CVRT is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.15% for SHV. CVRT is up 13.21% year-to-date (YTD) with +$21M in YTD flows. SHV performs worse with 2.99% YTD performance, and +$1.35B in YTD flows. Run a side-by-side ETF comparison of CVRT and SHV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
CVRT vs SHV 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 SHV | -10.20%+0.34% | -13.12%+0.93% | +13.21%+2.99% | +15.53%+3.64% | +89.16%+13.82% | n/a+19.58% |
| Flows | CVRT SHV | -$2M-$2.26B | +$10M+$787M | +$21M+$1.35B | +$25M+$808M | +$27M-$760M | -+$7.89B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVRT SHV | +19.51%+0.15% | +24.15%+0.14% | +20.09%+0.19% | n/a+0.24% |
| Max drawdown | CVRT SHV | -14.58%n/a | -21.03%n/a | -21.03%n/a | n/a-0.37% |
| Max drawdown duration | CVRT SHV | 79dn/a | 155dn/a | 155dn/a | n/a327d |
Trading data
CVRT | SHV | |
Last sale 11/4/2026 at 8:30 PM | $42.39 | |
| Previous close 11/04/2026 | $42.49 | |
| 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 November 5, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
CVRT
is actively managed and doesn’t replicate an indexCVRT | SHV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 11/4/2026 at 8:30 PM
Live
Closed
CVRT | SHV | |
|---|---|---|
| Last price | $42.39 | – |
| 1D performance | -0.25% | – |
| AuM | $36.14 M | $21.30 B |
| E/R | 0.69% | 0.15% |
Characteristics
CVRT | SHV | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Calamos Investments | iShares |
| Benchmark | - | ICE US Treasury Short Bond Index |
| N° of holdings | 84 | 54 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2023 | January 5, 2007 |
| ESG | No | No |
Advertisement
Exposure
Countries
CVRT
USA
86.41%
Other
13.59%
SHV
USA
73.32%
Other
26.68%
Sectors
CVRT
Technology
40.99%
Healthcare
11.15%
Industrials
10.95%
Finance
9.02%
Utilities
7.08%
Other
20.82%
SHV
Sovereign
72.89%
Other
27.11%
Advertisement
Diversification
CVRT
Total weight of top 15 holdings out of 15
45.66%
SHV
Total weight of top 15 holdings out of 15
51.01%
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%
SHV
USA, Bills 0% 14jan2027, USD (182D)
4.97%
USA, Bills 0% 31dec2026, USD (182D)
4.16%
USA, Bills 0% 13oct2026, USD (119D)
3.87%
USA, Bills 0% 29oct2026, USD (364D)
3.61%
USA, Bills 0% 27oct2026, USD (119D)
3.57%
US912797WG82
3.57%
USA, Bills 0% 12nov2026, USD (182D)
3.34%
USA, Bills 0% 7jan2027, USD (182D)
3.30%
USA, Bills 0% 1oct2026, USD (364D)
3.08%
US912797WL77
3.06%
US912797WP81
3.05%
USA, Bills 0% 24dec2026, USD (363D)
2.98%
USA, Bills 0% 24nov2026, USD (119D)
2.91%
US912797WE35
2.79%
USA, Bills 0% 27nov2026, USD (364D)
2.75%
Frequently asked questions about CVRT and SHV
How have the CVRT and SHV ETFs performed in 2026?
As of November 4, 2026, CVRT is up 13.21% year-to-date (YTD), while SHV has returned 2.99%. That puts CVRT better performer ahead so far this year.
Which ETF is attracting more investor money: CVRT or SHV?
Year-to-date, the CVRT ETF saw +$21M in flows, compared to +$1.35B for SHV.
Which ETF is more volatile: CVRT or SHV?
Over the past year, CVRT had a volatility of 24.15%, while SHV experienced 0.14%.
Which ETF is bigger: CVRT or SHV?
As of November 4, 2026, CVRT holds $36.14 M in assets under management (AUM), while SHV manages $21.30 B.
What sectors do the CVRT and SHV ETFs invest in?
CVRT leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, SHV focuses on Sovereign.
What are the top holdings of the CVRT ETF and SHV ETF?
CVRT top holdings include Alphabet, Inc., Alphabet, Inc. and The Boeing Co.. SHV holds in its top three: USA, Bills 0% 14jan2027, USD (182D), USA, Bills 0% 31dec2026, USD (182D) and USA, Bills 0% 13oct2026, USD (119D).
Which ETF is more diversified: CVRT or SHV?
CVRT holds 94 securities with 45.66% of its assets in the top 15. SHV has 68 securities and a top 15 weight of 51.01%.
Advertisement
Latest news about CVRT & SHV
ETF Insights: Top 5 Fund Flows and Segments for February 2023
March 15, 2023
SHV
U.S. Treasuries: An Opportunity for the Risk Conscious Investor
March 3, 2023
SHV
New Year Outlook – ETFs to Consider in 2023
January 23, 2023
SHV
U.S. Treasuries: Exploring the curve inversion
September 16, 2022
SHV
Advertisement
Advertisement
