CWBvsSGVTETF 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. Schwab Government Money Market ETF (SGVT) is part of the Money Market Bonds segment. CWB's top 3 sector exposures are Technology, Finance and Utilities. In contrast, SGVT's top sector exposures are Government Agencies and Sovereign. CWB is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.28% for SGVT. CWB is up 4.06% year-to-date (YTD) with +$198M in YTD flows. SGVT performs worse with 2.96% YTD performance, and +$626M in YTD flows. Run a side-by-side ETF comparison of CWB and SGVT 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 SGVT 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 SGVT | -10.59%+0.34% | -10.63%+0.92% | +4.06%+2.96% | +1.78%+3.53% | +46.54%n/a | +13.50%n/a |
| Flows | CWB SGVT | -$191M+$53M | -$210M+$206M | +$198M+$626M | +$179M+$715M | +$314M- | -$1.98B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CWB SGVT | +16.15%+0.12% | +17.52%+0.13% | +12.93%n/a | +12.95%n/a |
| Max drawdown | CWB SGVT | -14.50%n/a | -17.31%n/a | -17.31%n/a | -27.85%n/a |
| Max drawdown duration | CWB SGVT | 82dn/a | 138dn/a | 138dn/a | 1327dn/a |
Trading data
CWB | SGVT | |
Last sale 11/9/2026 at 2:30 PM | $92.95 | $100.58 |
| Previous close 11/06/2026 | $91.35 | $100.58 |
| 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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SGVT
is actively managed and doesn’t replicate an indexCWB | SGVT | |
|---|---|---|
| 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 | SGVT | |
|---|---|---|
| Last price | $92.95 | $100.58 |
| 1D performance | +1.75% | +0.00% |
| AuM | $4.80 B | $1.06 B |
| E/R | 0.4% | 0.28% |
Characteristics
CWB | SGVT | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Schwab ETFs |
| Benchmark | Bloomberg U.S. Convertible Liquid Bond Index | - |
| N° of holdings | 308 | 84 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 14, 2009 | June 12, 2025 |
| ESG | No | No |
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Exposure
Countries
CWB
USA
74.8%
Other
25.2%
SGVT
USA
76.97%
Other
23.03%
Sectors
CWB
Technology
32.39%
Finance
11.85%
Utilities
8.41%
Industrials
7.86%
Healthcare
7.8%
Other
31.69%
SGVT
Government Agenci.
57.83%
Sovereign
19.14%
Other
23.03%
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Diversification
CWB
Total weight of top 15 holdings out of 15
19.81%
SGVT
Total weight of top 15 holdings out of 15
50.06%
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%
SGVT
US313589P645
8.84%
FHLB, 0% 11dec2026, USD (365D)
8.46%
FHLB, 0% 17sep2023, USD (363D)
5.10%
USA, Notes 4.125% 28feb2027, USD (AY-2027)
4.97%
Federal Farm Credit Banks, FRN 6may2027, USD
3.20%
FHLB, FRN 16feb2027, USD
2.49%
USA, Notes FRN 31oct2027, USD (BK-2027)
2.14%
US3130BBWZ46
2.13%
FHLB, 0% 17feb2027, USD (365D)
2.10%
US3130BBWN16
1.78%
US3130BCAZ66
1.78%
FHLB, FRN 6apr2028, USD (8891)
1.78%
Federal Farm Credit Banks, FRN 6apr2028, USD
1.78%
FHLB, 4% 1jun2027, USD (MU-8027)
1.77%
USA, Notes 2.375% 15may2027, USD (C-2027)
1.75%
Frequently asked questions about CWB and SGVT
How have the CWB and SGVT ETFs performed in 2026?
As of November 6, 2026, CWB is up 4.06% year-to-date (YTD), while SGVT has returned 2.96%. That puts CWB better performer ahead so far this year.
Which ETF is attracting more investor money: CWB or SGVT?
Year-to-date, the CWB ETF saw +$198M in flows, compared to +$626M for SGVT.
Which ETF is more volatile: CWB or SGVT?
Over the past year, CWB had a volatility of 17.52%, while SGVT experienced 0.13%.
Which ETF is bigger: CWB or SGVT?
As of November 6, 2026, CWB holds $4.80 B in assets under management (AUM), while SGVT manages $1.06 B.
What sectors do the CWB and SGVT ETFs invest in?
CWB leans toward sectors like Technology, Finance and Utilities. Meanwhile, SGVT focuses on Government Agencies and Sovereign.
What are the top holdings of the CWB ETF and SGVT ETF?
CWB top holdings include Alphabet, Inc., Alphabet, Inc. and The Boeing Co.. SGVT holds in its top three: US313589P645, FHLB, 0% 11dec2026, USD (365D) and FHLB, 0% 17sep2023, USD (363D).
Which ETF is more diversified: CWB or SGVT?
CWB holds 361 securities with 19.81% of its assets in the top 15. SGVT has 101 securities and a top 15 weight of 50.06%.
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