CVRTvsTBLLETF Comparison
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Calamos Convertible Equity Alternative ETF (CVRT) belongs to the Convertible Bonds segment. Invesco Treasury Collateral ETF (TBLL) is part of the Money Market Bonds segment. CVRT's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, TBLL's top sector exposures are Sovereign. CVRT is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.08% for TBLL. CVRT is up 13.55% year-to-date (YTD) with +$21M in YTD flows. TBLL performs worse with 2.97% YTD performance, and +$604M in YTD flows. Run a side-by-side ETF comparison of CVRT and TBLL 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 TBLL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVRT TBLL | -9.92%+0.34% | -11.14%+0.94% | +13.55%+2.97% | +12.40%+3.65% | +87.15%+13.84% | n/a+19.74% |
| Flows | CVRT TBLL | -$2M-$59M | -$22M-$23M | +$21M+$604M | +$25M+$615M | +$27M+$1.35B | -+$2.17B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVRT TBLL | +19.96%+0.15% | +24.35%+0.13% | +20.10%+0.17% | n/a+0.23% |
| Max drawdown | CVRT TBLL | -14.58%n/a | -21.03%n/a | -21.03%n/a | n/a-0.15% |
| Max drawdown duration | CVRT TBLL | 78dn/a | 154dn/a | 154dn/a | n/a224d |
Trading data
CVRT | TBLL | |
Last sale 11/3/2026 at 7:10 PM | $42.56 | $105.67 |
| Previous close 11/03/2026 | $42.06 | $105.66 |
| Consolidated volume 11/03/2026 | ||
| 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 | TBLL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/3/2026 at 7:10 PM
Live
Closed
CVRT | TBLL | |
|---|---|---|
| Last price | $42.56 | $105.67 |
| 1D performance | +1.20% | +0.01% |
| AuM | $36.25 M | $2.85 B |
| E/R | 0.69% | 0.08% |
Characteristics
CVRT | TBLL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Calamos Investments | Invesco |
| Benchmark | - | ICE US Treasury Short Bond Index |
| N° of holdings | 84 | 85 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2023 | January 12, 2017 |
| ESG | No | No |
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Exposure
Countries
CVRT
USA
86.41%
Other
13.59%
TBLL
USA
95.82%
Other
4.18%
Sectors
CVRT
Technology
40.99%
Healthcare
11.15%
Industrials
10.95%
Finance
9.02%
Utilities
7.08%
Other
20.82%
TBLL
Sovereign
95.82%
Other
4.18%
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Diversification
CVRT
Total weight of top 15 holdings out of 15
45.66%
TBLL
Total weight of top 15 holdings out of 15
34.21%
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%
TBLL
USA, Bills 0% 5nov2026, USD (182D)
2.91%
USA, Bills 0% 12nov2026, USD (182D)
2.85%
USA, Bills 0% 29oct2026, USD (364D)
2.52%
USA, Bills 0% 17nov2026, USD (119D)
2.33%
USA, Bills 0% 6oct2026, USD (119D)
2.32%
USA, Bills 0% 20oct2026, USD (119D)
2.19%
USA, Bills 0% 27nov2026, USD (364D)
2.17%
USA, Bills 0% 15oct2026, USD (182D)
2.15%
USA, Bills 0% 22oct2026, USD (182D)
2.15%
USA, Bills 0% 3nov2026, USD (119D)
2.11%
USA, Bills 0% 10nov2026, USD (119D)
2.11%
USA, Bills 0% 27oct2026, USD (119D)
2.10%
USA, Bills 0% 24nov2026, USD (119D)
2.10%
USA, Bills 0% 31dec2026, USD (182D)
2.09%
USA, Bills 0% 17dec2026, USD (182D)
2.09%
Frequently asked questions about CVRT and TBLL
How have the CVRT and TBLL ETFs performed in 2026?
As of November 3, 2026, CVRT is up 13.55% year-to-date (YTD), while TBLL has returned 2.97%. That puts CVRT better performer ahead so far this year.
Which ETF is attracting more investor money: CVRT or TBLL?
Year-to-date, the CVRT ETF saw +$21M in flows, compared to +$604M for TBLL.
Which ETF is more volatile: CVRT or TBLL?
Over the past year, CVRT had a volatility of 24.35%, while TBLL experienced 0.13%.
Which ETF is bigger: CVRT or TBLL?
As of November 3, 2026, CVRT holds $36.25 M in assets under management (AUM), while TBLL manages $2.85 B.
What sectors do the CVRT and TBLL ETFs invest in?
CVRT leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, TBLL focuses on Sovereign.
What are the top holdings of the CVRT ETF and TBLL ETF?
CVRT top holdings include Alphabet, Inc., Alphabet, Inc. and The Boeing Co.. TBLL holds in its top three: USA, Bills 0% 5nov2026, USD (182D), USA, Bills 0% 12nov2026, USD (182D) and USA, Bills 0% 29oct2026, USD (364D).
Which ETF is more diversified: CVRT or TBLL?
CVRT holds 94 securities with 45.66% of its assets in the top 15. TBLL has 88 securities and a top 15 weight of 34.21%.
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