CWBvsICVTETF Comparison
ETF 1
CWB
State Street SPDR Bloomberg Convertible Securities ETF
This fund is part of
Convertible Bonds
+0.79%
VS
State Street SPDR Bloomberg Convertible Securities ETF (CWB) and iShares Convertible Bond ETF (ICVT) belong to the same industry segment: Convertible Bonds. CWB's top 3 sector exposures are Technology, Finance and Utilities. In contrast, ICVT's top sector exposures are Technology, Finance and Healthcare. CWB is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.2% for ICVT. CWB is up 4.06% year-to-date (YTD) with +$198M in YTD flows. ICVT performs better with 4.84% YTD performance, and +$3.10B in YTD flows. Run a side-by-side ETF comparison of CWB and ICVT 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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CWB vs ICVT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CWB ICVT | -10.59%-10.60% | -10.63%-10.68% | +4.06%+4.84% | +1.78%+1.97% | +46.54%+49.84% | +13.50%+14.42% |
| Flows | CWB ICVT | -$191M-$434M | -$210M+$454M | +$198M+$3.10B | +$179M+$3.79B | +$314M+$5.09B | -$1.98B+$5.10B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CWB ICVT | +16.15%+16.55% | +17.52%+18.11% | +12.93%+13.04% | +12.95%+13.05% |
| Max drawdown | CWB ICVT | -14.50%-14.79% | -17.31%-18.24% | -17.31%-18.24% | -27.85%-29.37% |
| Max drawdown duration | CWB ICVT | 82d81d | 138d138d | 138d138d | 1327d1339d |
Trading data
CWB | ICVT | |
Last sale 11/6/2026 at 2:30 PM | $91.35 | $101.68 |
| Previous close 11/04/2026 | $90.73 | $100.51 |
| 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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CWB | ICVT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/6/2026 at 2:30 PM
Live
Closed
CWB | ICVT | |
|---|---|---|
| Last price | $91.35 | $101.68 |
| 1D performance | +0.68% | +1.16% |
| AuM | $4.80 B | $6.92 B |
| E/R | 0.4% | 0.2% |
Characteristics
CWB | ICVT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | Bloomberg U.S. Convertible Liquid Bond Index | Bloomberg U.S. Convertible Cash Pay Bond Index |
| N° of holdings | 308 | 336 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 14, 2009 | June 2, 2015 |
| ESG | No | No |
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Exposure
Countries
CWB
USA
74.8%
Other
25.2%
ICVT
USA
71.04%
Other
28.96%
Sectors
CWB
Technology
32.39%
Finance
11.85%
Utilities
8.41%
Industrials
7.86%
Healthcare
7.8%
Other
31.69%
ICVT
Technology
28.93%
Finance
10.02%
Healthcare
9.83%
Utilities
7.22%
Industrials
7.12%
Other
36.87%
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Diversification
CWB
Total weight of top 15 holdings out of 15
19.81%
ICVT
Total weight of top 15 holdings out of 15
16.07%
Top 15 holdings
Data as of September 30, 2026
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%
ICVT
US55024UAK51
1.86%
Alibaba, 0.5% 1jun2031, USD (Conv.)
1.76%
US21873SAL25
1.28%
Bloom Energy, 0% 15nov2030, USD (Conv.)
1.18%
Western Digital, 3% 15nov2028, USD (Conv.)
1.12%
Nebius, 1.25% 15mar2031, USD (Conv.)
1.10%
CoreWeave, 1.75% 1oct2032, USD (Conv.)
1.05%
US63954QAN60
1.00%
US60770KAA51
1.00%
Cloudflare, 0% 15jun2030, USD (Conv.)
0.89%
US63954QAG10
0.82%
US63954QAH92
0.80%
Nebius, 2.625% 15mar2033, USD (Conv.)
0.74%
CoreWeave, 1.75% 1dec2031, USD (Conv.)
0.74%
DoorDash, 0% 15may2030, USD (Conv.)
0.74%
Frequently asked questions about CWB and ICVT
How have the CWB and ICVT ETFs performed in 2026?
As of November 6, 2026, CWB is up 4.06% year-to-date (YTD), while ICVT has returned 4.84%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: CWB or ICVT?
Year-to-date, the CWB ETF saw +$198M in flows, compared to +$3.10B for ICVT.
Which ETF is more volatile: CWB or ICVT?
Over the past year, CWB had a volatility of 17.52%, while ICVT experienced 18.11%.
Which ETF is bigger: CWB or ICVT?
As of November 6, 2026, CWB holds $4.80 B in assets under management (AUM), while ICVT manages $6.92 B.
What sectors do the CWB and ICVT ETFs invest in?
CWB leans toward sectors like Technology, Finance and Utilities. Meanwhile, ICVT focuses on Technology, Finance and Healthcare.
What are the top holdings of the CWB ETF and ICVT ETF?
CWB top holdings include Alphabet, Inc., Alphabet, Inc. and The Boeing Co.. ICVT holds in its top three: US55024UAK51, Alibaba, 0.5% 1jun2031, USD (Conv.) and US21873SAL25.
Which ETF is more diversified: CWB or ICVT?
CWB holds 361 securities with 19.81% of its assets in the top 15. ICVT has 388 securities and a top 15 weight of 16.07%.
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