FHYSvsICVTETF Comparison
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Federated Hermes Short-Duration High Yield ETF (FHYS) belongs to the US Aggregate Bonds segment. iShares Convertible Bond ETF (ICVT) is part of the Convertible Bonds segment. FHYS's top 3 sector exposures are Finance, Technology and Consumer Services. In contrast, ICVT's top sector exposures are Technology, Finance and Healthcare. FHYS is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.2% for ICVT. FHYS is up 1.29% year-to-date (YTD) with +$23M in YTD flows. ICVT performs better with 8.05% YTD performance, and +$3.56B in YTD flows. Run a side-by-side ETF comparison of FHYS 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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FHYS vs ICVT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FHYS ICVT | -0.80%-5.95% | -0.60%-7.16% | +1.29%+8.05% | +3.04%+4.35% | +21.85%+51.94% | n/a+20.33% |
| Flows | FHYS ICVT | +$19M+$391M | +$20M+$1.01B | +$23M+$3.56B | +$32M+$4.54B | +$46M+$5.55B | -+$5.59B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FHYS ICVT | +2.39%+17.85% | +2.11%+17.93% | +2.03%+12.80% | n/a+12.91% |
| Max drawdown | FHYS ICVT | -1.87%-11.43% | -1.87%-15.01% | -2.31%-15.01% | n/a-29.37% |
| Max drawdown duration | FHYS ICVT | 50d60d | 50d117d | 30d117d | n/a1339d |
Trading data
FHYS | ICVT | |
Last sale 10/16/2026 at 1:30 PM | $22.52 | $105.08 |
| Previous close 10/15/2026 | $22.56 | $107.46 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FHYS
is actively managed and doesn’t replicate an indexFHYS | 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 10/16/2026 at 1:30 PM
Live
Closed
FHYS | ICVT | |
|---|---|---|
| Last price | $22.52 | $105.08 |
| 1D performance | -0.18% | -2.21% |
| AuM | $72.77 M | $7.60 B |
| E/R | 0.6% | 0.2% |
Characteristics
FHYS | ICVT | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Federated Investment Management | iShares |
| Benchmark | - | Bloomberg U.S. Convertible Cash Pay Bond Index |
| N° of holdings | 219 | 355 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 17, 2021 | June 2, 2015 |
| ESG | No | No |
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Exposure
Countries
FHYS
USA
75.44%
Other
24.56%
ICVT
USA
79.83%
Other
20.17%
Sectors
FHYS
Finance
12.79%
Technology
11.39%
Consumer Services
10.53%
Industrials
9.59%
Energy
9.12%
Non-Energy Materi.
8.62%
Other
37.96%
ICVT
Technology
33.95%
Finance
11.11%
Healthcare
10.54%
Industrials
7.83%
Utilities
7.5%
Consumer Cyclical.
7.33%
Other
21.74%
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Diversification
FHYS
Total weight of top 15 holdings out of 15
13.33%
ICVT
Total weight of top 15 holdings out of 15
16.48%
Top 15 holdings
Data as of August 31, 2026
FHYS
CCO Holdings, 4.75% 1feb2032, USD
1.22%
Venture Global Plaquemines LNG, 6.125% 15dec2030, USD
1.11%
Hub International, 7.25% 15jun2030, USD
1.08%
Broadstreet Partners, 5.875% 15apr2029, USD
0.94%
Madison IAQ, 5.875% 30jun2029, USD
0.91%
TransDigm, 6.875% 15dec2030, USD
0.89%
ARDONAGH FINCO LIMITED, 7.75% 15feb2031, USD
0.88%
USI, 7.5% 15jan2032, USD
0.85%
Crosscountry Intermediate Holdco, 6.5% 1oct2030, USD
0.80%
Energizer Holdings, 4.375% 31mar2029, USD
0.79%
Paramount Global, 4.2% 19may2032, USD
0.79%
Olympus Water US Holding, 7.25% 15jun2031, USD
0.79%
Cloud Software Group, 9% 30sep2029, USD
0.77%
Tallgrass Energy Partners, 6% 1sep2031, USD
0.76%
USA Compression Partners, 7.125% 15mar2029, USD
0.75%
ICVT
Western Digital, 3% 15nov2028, USD (Conv.)
1.89%
Alibaba, 0.5% 1jun2031, USD (Conv.)
1.85%
Lumentum Holdings, 0.375% 15mar2032, USD (Conv.)
1.76%
BlackRock Cash Funds - Treasury
1.64%
CoreWeave, 1.75% 1oct2032, USD (Conv.)
1.05%
Nebius, 1.25% 15mar2031, USD (Conv.)
0.98%
Bloom Energy, 0% 15nov2030, USD (Conv.)
0.97%
US63954QAN60
0.96%
Cloudflare, 0% 15jun2030, USD (Conv.)
0.84%
DoorDash, 0% 15may2030, USD (Conv.)
0.82%
Nebius, 1% 15sep2030, USD (Conv.)
0.76%
Ciena, 0% 15sep2031, USD (Conv.)
0.76%
CoreWeave, 1.75% 1dec2031, USD (Conv.)
0.75%
GameStop, 0% 15jun2032, USD (Conv.)
0.73%
Snowflake, 0% 1oct2029, USD (Conv.)
0.71%
Frequently asked questions about FHYS and ICVT
How have the FHYS and ICVT ETFs performed in 2026?
As of October 16, 2026, FHYS is up 1.29% year-to-date (YTD), while ICVT has returned 8.05%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: FHYS or ICVT?
Year-to-date, the FHYS ETF saw +$23M in flows, compared to +$3.56B for ICVT.
Which ETF is more volatile: FHYS or ICVT?
Over the past year, FHYS had a volatility of 2.11%, while ICVT experienced 17.93%.
Which ETF is bigger: FHYS or ICVT?
As of October 16, 2026, FHYS holds $72.77 M in assets under management (AUM), while ICVT manages $7.60 B.
What sectors do the FHYS and ICVT ETFs invest in?
FHYS leans toward sectors like Finance, Technology and Consumer Services. Meanwhile, ICVT focuses on Technology, Finance and Healthcare.
What are the top holdings of the FHYS ETF and ICVT ETF?
FHYS top holdings include CCO Holdings, 4.75% 1feb2032, USD, Venture Global Plaquemines LNG, 6.125% 15dec2030, USD and Hub International, 7.25% 15jun2030, USD. ICVT holds in its top three: Western Digital, 3% 15nov2028, USD (Conv.), Alibaba, 0.5% 1jun2031, USD (Conv.) and Lumentum Holdings, 0.375% 15mar2032, USD (Conv.).
Which ETF is more diversified: FHYS or ICVT?
FHYS holds 256 securities with 13.33% of its assets in the top 15. ICVT has 384 securities and a top 15 weight of 16.48%.
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