ICVTvsHYBBETF Comparison
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iShares Convertible Bond ETF (ICVT) belongs to the Convertible Bonds segment. iShares BB Rated Corporate Bond ETF (HYBB) is part of the US Corporate HY Bonds segment. ICVT's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, HYBB's top sector exposures are Finance, Consumer Services and Industrials. ICVT is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.25% for HYBB. ICVT is up 17.69% year-to-date (YTD) with +$3.27B in YTD flows. HYBB performs worse with 1.63% YTD performance, and -$178M in YTD flows. Run a side-by-side ETF comparison of ICVT and HYBB 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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ICVT vs HYBB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICVT HYBB | -0.67%-0.57% | -7.29%+0.01% | +17.69%+1.63% | +16.24%+3.02% | +64.17%+25.79% | +33.06%+17.22% |
| Flows | ICVT HYBB | +$332M-$9M | +$1.14B-$90M | +$3.27B-$178M | +$4.35B+$35M | +$5.26B+$64M | +$5.34B+$193M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICVT HYBB | +18.95%+2.08% | +17.70%+2.45% | +12.58%+3.16% | +12.85%+4.64% |
| Max drawdown | ICVT HYBB | -11.47%-1.16% | -11.61%-2.30% | -11.61%-2.88% | -29.37%-14.64% |
| Max drawdown duration | ICVT HYBB | 91d25d | 92d47d | 92d46d | 1339d799d |
Trading data
ICVT | HYBB | |
Last sale 9/22/2026 at 1:30 PM | $115.43 | $45.91 |
| Previous close 09/21/2026 | $114.97 | $45.89 |
| Consolidated volume 09/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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ICVT | HYBB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/22/2026 at 1:30 PM
Live
Closed
ICVT | HYBB | |
|---|---|---|
| Last price | $115.43 | $45.91 |
| 1D performance | +0.40% | +0.05% |
| AuM | $7.99 B | $307.60 M |
| E/R | 0.2% | 0.25% |
Characteristics
ICVT | HYBB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | Bloomberg U.S. Convertible Cash Pay Bond Index | ICE BofA BB US High Yield Constrained Index |
| N° of holdings | 374 | 1072 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 2, 2015 | October 6, 2020 |
| ESG | No | No |
Exposure
Countries
ICVT
USA
85.06%
Other
14.94%
HYBB
USA
87.64%
Other
12.36%
Sectors
ICVT
Technology
37.12%
Finance
12.63%
Healthcare
11.14%
Utilities
8.64%
Consumer Cyclical.
8.27%
Industrials
8.12%
Other
14.07%
HYBB
Finance
17.79%
Consumer Services
11.9%
Industrials
11.44%
Energy
10.09%
Technology
8.47%
Non-Energy Materi.
7.95%
Other
32.37%
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Diversification
ICVT
Total weight of top 15 holdings out of 15
16.51%
HYBB
Total weight of top 15 holdings out of 15
6.31%
Top 15 holdings
Data as of July 31, 2026
ICVT
Western Digital, 3% 15nov2028, USD (Conv.)
2.88%
Alibaba, 0.5% 1jun2031, USD (Conv.)
1.95%
Lumentum Holdings, 0.375% 15mar2032, USD (Conv.)
1.40%
CoreWeave, 1.75% 1oct2032, USD (Conv.)
1.06%
Bloom Energy, 0% 15nov2030, USD (Conv.)
1.02%
Nebius, 1.25% 15mar2031, USD (Conv.)
1.01%
BlackRock Cash Funds - Treasury
0.93%
MKS Inc., 1.25% 1jun2030, USD (Conv.)
0.83%
Cloudflare, 0% 15jun2030, USD (Conv.)
0.82%
DoorDash, 0% 15may2030, USD (Conv.)
0.81%
Ciena, 0% 15sep2031, USD (Conv.)
0.80%
GameStop, 0% 15jun2032, USD (Conv.)
0.79%
Welltower, 2.75% 15may2028, USD (Conv.)
0.74%
Nebius, 1% 15sep2030, USD (Conv.)
0.74%
Nebius, 2.75% 15sep2032, USD (Conv.)
0.73%
HYBB
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.63%
BlackRock Cash Funds - Treasury
0.54%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.49%
Quikrete Holdings, 6.375% 1mar2032, USD
0.47%
Cloud Software Group, 6.5% 31mar2029, USD
0.46%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.41%
WULF Compute, 7.75% 15oct2030, USD
0.40%
Nexstar Media, 6.5% 15sep2033, USD
0.39%
Asurion LLC, 8% 31dec2032, USD
0.39%
Venture Global LNG, 9.5% 1feb2029, USD
0.38%
Core Scientific Finance I, 7.75% 15may2031, USD
0.38%
Centene, 4.625% 15dec2029, USD
0.36%
Oak-Eagle AcquireCo, 7.25% 1jul2033, USD
0.36%
Warner Bros. Discovery, 5.05% 15mar2042, USD
0.34%
Emerald Debt Merger Sub, 6.625% 15dec2030, USD
0.33%
Frequently asked questions about ICVT and HYBB
How have the ICVT and HYBB ETFs performed in 2026?
As of September 21, 2026, ICVT is up 17.69% year-to-date (YTD), while HYBB has returned 1.63%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: ICVT or HYBB?
Year-to-date, the ICVT ETF saw +$3.27B in flows, compared to -$178M for HYBB.
Which ETF is more volatile: ICVT or HYBB?
Over the past year, ICVT had a volatility of 17.7%, while HYBB experienced 2.45%.
Which ETF is bigger: ICVT or HYBB?
As of September 21, 2026, ICVT holds $7.99 B in assets under management (AUM), while HYBB manages $307.60 M.
What sectors do the ICVT and HYBB ETFs invest in?
ICVT leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HYBB focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the ICVT ETF and HYBB ETF?
ICVT top holdings include Western Digital, 3% 15nov2028, USD (Conv.), Alibaba, 0.5% 1jun2031, USD (Conv.) and Lumentum Holdings, 0.375% 15mar2032, USD (Conv.). HYBB holds in its top three: Meridian Arc HoldCo, 6.25% 30apr2031, USD, BlackRock Cash Funds - Treasury and PR RNO Property Owner 1, 6.5% 1may2031, USD.
Which ETF is more diversified: ICVT or HYBB?
ICVT holds 376 securities with 16.51% of its assets in the top 15. HYBB has 1073 securities and a top 15 weight of 6.31%.
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