FCVTvsCWBETF Comparison
ETF 1
FCVT
First Trust SSI Strategic Convertible Securities ETF
This fund is part of
Convertible Bonds
-3.14%
VS
ETF 2
CWB
State Street SPDR Bloomberg Convertible Securities ETF
This fund is part of
Convertible Bonds
-3.14%
First Trust SSI Strategic Convertible Securities ETF (FCVT) and State Street SPDR Bloomberg Convertible Securities ETF (CWB) belong to the same industry segment: Convertible Bonds. FCVT's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, CWB's top sector exposures are Technology, Finance and Utilities. FCVT is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.4% for CWB. FCVT is down -0.89% year-to-date (YTD) with -$23M in YTD flows. CWB performs better with 3.3% YTD performance, and +$536M in YTD flows. Run a side-by-side ETF comparison of FCVT and CWB 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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FCVT vs CWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FCVT CWB | -15.16%-10.80% | -16.58%-12.52% | -0.89%+3.30% | -3.08%-0.25% | +46.88%+45.46% | +5.45%+13.05% |
| Flows | FCVT CWB | -$9M+$148M | -$12M+$108M | -$23M+$536M | -$38M+$518M | -$40M+$653M | -$116M-$1.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FCVT CWB | +21.57%+16.22% | +21.25%+17.55% | +15.98%+12.93% | +15.60%+12.94% |
| Max drawdown | FCVT CWB | -18.89%-14.50% | -22.16%-17.31% | -22.16%-17.31% | -30.12%-27.85% |
| Max drawdown duration | FCVT CWB | 80d81d | 140d137d | 140d137d | 1396d1327d |
Trading data
FCVT | CWB | |
Last sale 11/6/2026 at 2:30 PM | $42.64 | $91.35 |
| Previous close 11/04/2026 | $42.30 | $90.73 |
| 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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FCVT
is actively managed and doesn’t replicate an indexFCVT | CWB | |
|---|---|---|
| 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
FCVT | CWB | |
|---|---|---|
| Last price | $42.64 | $91.35 |
| 1D performance | +0.81% | +0.68% |
| AuM | $73.95 M | $5.10 B |
| E/R | 0.95% | 0.4% |
Characteristics
FCVT | CWB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | State Street Investment Management |
| Benchmark | - | Bloomberg U.S. Convertible Liquid Bond Index |
| N° of holdings | 94 | 308 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 3, 2015 | April 14, 2009 |
| ESG | No | No |
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Exposure
Countries
FCVT
USA
65.53%
Other
34.47%
CWB
USA
74.8%
Other
25.2%
Sectors
FCVT
Technology
29.32%
Healthcare
11.58%
Finance
10.59%
Industrials
9.6%
Other
38.91%
CWB
Technology
32.39%
Finance
11.85%
Utilities
8.41%
Industrials
7.86%
Healthcare
7.8%
Other
31.69%
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Diversification
FCVT
Total weight of top 15 holdings out of 15
26.82%
CWB
Total weight of top 15 holdings out of 15
19.81%
Top 15 holdings
Data as of September 30, 2026
FCVT
Nebius, 1.25% 15mar2031, USD (Conv.)
3.08%
The Boeing Co.
2.20%
Hewlett Packard Enterprise Co.
2.17%
Live Nation Entertainment, 2.875% 15jan2030, USD (Conv.)
2.07%
US63954QAN60
1.70%
Akamai Technologies, 0.25% 15may2033, USD (Conv.)
1.67%
US63954QAQ91
1.67%
Snowflake, 0% 1oct2027, USD (Conv.)
1.65%
Wells Fargo & Co.
1.62%
Bloom Energy, 0% 15nov2030, USD (Conv.)
1.56%
ON Semiconductor, 0.5% 1mar2029, USD (Conv.)
1.52%
US55024UAK51
1.52%
IREN, 0% 1jul2031, USD (Conv.)
1.50%
Ligand Pharmaceuticals, 0% 15sep2031, USD (Conv.)
1.47%
Welltower, 2.75% 15may2028, USD (Conv.)
1.42%
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%
Frequently asked questions about FCVT and CWB
How have the FCVT and CWB ETFs performed in 2026?
As of November 5, 2026, FCVT is down -0.89% year-to-date (YTD), while CWB has returned 3.3%. That puts CWB better performer ahead so far this year.
Which ETF is attracting more investor money: FCVT or CWB?
Year-to-date, the FCVT ETF saw -$23M in flows, compared to +$536M for CWB.
Which ETF is more volatile: FCVT or CWB?
Over the past year, FCVT had a volatility of 21.25%, while CWB experienced 17.55%.
Which ETF is bigger: FCVT or CWB?
As of November 5, 2026, FCVT holds $73.95 M in assets under management (AUM), while CWB manages $5.10 B.
What sectors do the FCVT and CWB ETFs invest in?
FCVT leans toward sectors like Technology, Healthcare and Finance. Meanwhile, CWB focuses on Technology, Finance and Utilities.
What are the top holdings of the FCVT ETF and CWB ETF?
FCVT top holdings include Nebius, 1.25% 15mar2031, USD (Conv.), The Boeing Co. and Hewlett Packard Enterprise Co.. CWB holds in its top three: Alphabet, Inc., Alphabet, Inc. and The Boeing Co..
Which ETF is more diversified: FCVT or CWB?
FCVT holds 107 securities with 26.82% of its assets in the top 15. CWB has 361 securities and a top 15 weight of 19.81%.
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