CWBvsSBILETF 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) belongs to the Convertible Bonds segment. Simplify Government Money Market ETF (SBIL) is part of the Money Market Bonds segment. CWB's top 3 sector exposures are Technology, Finance and Utilities. In contrast, SBIL's top sector exposures are Government Agencies and Sovereign. CWB is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.15% for SBIL. CWB is up 4.06% year-to-date (YTD) with +$198M in YTD flows. SBIL performs worse with 3.08% YTD performance, and -$348M in YTD flows. Run a side-by-side ETF comparison of CWB 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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CWB vs SBIL 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 SBIL | -10.59%+0.34% | -10.63%+0.93% | +4.06%+3.08% | +1.78%+3.71% | +46.54%n/a | +13.50%n/a |
| Flows | CWB SBIL | -$191M-$15M | -$210M-$895M | +$198M-$348M | +$179M-$31M | +$314M- | -$1.98B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CWB SBIL | +16.15%+0.12% | +17.52%+0.12% | +12.93%n/a | +12.95%n/a |
| Max drawdown | CWB SBIL | -14.50%n/a | -17.31%n/a | -17.31%n/a | -27.85%n/a |
| Max drawdown duration | CWB SBIL | 82dn/a | 138dn/a | 138dn/a | 1327dn/a |
Trading data
CWB | SBIL | |
Last sale 11/9/2026 at 2:30 PM | $92.95 | $100.19 |
| Previous close 11/06/2026 | $91.35 | $100.16 |
| Consolidated volume 11/06/2026 | ||
| 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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SBIL
is actively managed and doesn’t replicate an indexCWB | SBIL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/9/2026 at 2:30 PM
Live
Closed
CWB | SBIL | |
|---|---|---|
| Last price | $92.95 | $100.19 |
| 1D performance | +1.75% | +0.03% |
| AuM | $4.80 B | $4.06 B |
| E/R | 0.4% | 0.15% |
Characteristics
CWB | SBIL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Simplify |
| Benchmark | Bloomberg U.S. Convertible Liquid Bond Index | - |
| N° of holdings | 308 | 117 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 14, 2009 | July 14, 2025 |
| ESG | No | No |
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Exposure
Countries
CWB
USA
74.8%
Other
25.2%
SBIL
USA
70.03%
Other
29.97%
Sectors
CWB
Technology
32.39%
Finance
11.85%
Utilities
8.41%
Industrials
7.86%
Healthcare
7.8%
Other
31.69%
SBIL
Government Agenci.
51.87%
Sovereign
18.15%
Other
29.97%
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Diversification
CWB
Total weight of top 15 holdings out of 15
19.81%
SBIL
Total weight of top 15 holdings out of 15
23.43%
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%
SBIL
Freddie Mac, FRN 22sep2027, USD
3.33%
USA, Notes FRN 31jul2027, USD (BF-2027)
2.31%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.62%
FHLB, 0% 8oct2026, USD (365D)
1.61%
FHLB, 0% 15oct2026, USD (365D)
1.61%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.46%
FHLB, 0% 29oct2026, USD (365D)
1.38%
FHLB, 0% 17nov2026, USD (365D)
1.38%
FHLB, 0% 22jan2027, USD (365D)
1.37%
FHLB, 0% 23oct2026, USD (365D)
1.35%
FHLB, 0% 30oct2026, USD (365D)
1.25%
FHLB, 0% 21oct2026, USD (365D)
1.24%
FHLB, 0% 28sep2026, USD (364D)
1.23%
USA, Notes FRN 31jan2027, USD (AX-2027)
1.15%
USA, Notes 4.25% 31dec2026, USD (BM-2026)
1.15%
Frequently asked questions about CWB and SBIL
How have the CWB and SBIL ETFs performed in 2026?
As of November 6, 2026, CWB is up 4.06% year-to-date (YTD), while SBIL has returned 3.08%. That puts CWB better performer ahead so far this year.
Which ETF is attracting more investor money: CWB or SBIL?
Year-to-date, the CWB ETF saw +$198M in flows, compared to -$348M for SBIL.
Which ETF is more volatile: CWB or SBIL?
Over the past year, CWB had a volatility of 17.52%, while SBIL experienced 0.12%.
Which ETF is bigger: CWB or SBIL?
As of November 6, 2026, CWB holds $4.80 B in assets under management (AUM), while SBIL manages $4.06 B.
What sectors do the CWB and SBIL ETFs invest in?
CWB leans toward sectors like Technology, Finance and Utilities. Meanwhile, SBIL focuses on Government Agencies and Sovereign.
What are the top holdings of the CWB ETF and SBIL ETF?
CWB top holdings include Alphabet, Inc., Alphabet, Inc. and The Boeing Co.. SBIL holds in its top three: Freddie Mac, FRN 22sep2027, USD, USA, Notes FRN 31jul2027, USD (BF-2027) and USA, Notes FRN 31oct2027, USD (BK-2027).
Which ETF is more diversified: CWB or SBIL?
CWB holds 361 securities with 19.81% of its assets in the top 15. SBIL has 170 securities and a top 15 weight of 23.43%.
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Latest news about CWB & SBIL
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