ICVTvsIBHLETF Comparison
VS
ETF 2
IBHL
iShares iBonds 2032 Term High Yield and Income ETF
This fund is part of
US Corporate HY Bonds
+0.17%
iShares Convertible Bond ETF (ICVT) belongs to the Convertible Bonds segment. iShares iBonds 2032 Term High Yield and Income ETF (IBHL) is part of the US Corporate HY Bonds segment. ICVT's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, IBHL's top sector exposures are Finance, Consumer Services and Industrials. ICVT is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.35% for IBHL. ICVT is up 17.69% year-to-date (YTD) with +$3.27B in YTD flows. IBHL performs worse with 1.28% YTD performance, and +$18M in YTD flows. Run a side-by-side ETF comparison of ICVT and IBHL 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 IBHL 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 IBHL | -0.67%-0.70% | -7.29%+0.18% | +17.69%+1.28% | +16.24%+2.75% | +64.17%n/a | +33.06%n/a |
| Flows | ICVT IBHL | +$332M+$1M | +$1.14B+$6M | +$3.27B+$18M | +$4.35B+$20M | +$5.26B- | +$5.34B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICVT IBHL | +18.95%+2.61% | +17.70%+3.11% | +12.58%n/a | +12.85%n/a |
| Max drawdown | ICVT IBHL | -11.47%-1.36% | -11.61%-2.77% | -11.61%n/a | -29.37%n/a |
| Max drawdown duration | ICVT IBHL | 91d25d | 92d50d | 92dn/a | 1339dn/a |
Trading data
ICVT | IBHL | |
Last sale 9/22/2026 at 1:30 PM | $115.43 | $25.02 |
| Previous close 09/21/2026 | $114.97 | $25.02 |
| 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 | IBHL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 9/22/2026 at 1:30 PM
Live
Closed
ICVT | IBHL | |
|---|---|---|
| Last price | $115.43 | $25.02 |
| 1D performance | +0.40% | +0.00% |
| AuM | $7.99 B | $29.90 M |
| E/R | 0.2% | 0.35% |
Characteristics
ICVT | IBHL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | Bloomberg U.S. Convertible Cash Pay Bond Index | Bloomberg 2032 Term High Yield and Income Index |
| N° of holdings | 374 | 220 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 2, 2015 | March 25, 2025 |
| ESG | No | No |
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Exposure
Countries
ICVT
USA
85.06%
Other
14.94%
IBHL
USA
86.42%
Other
13.58%
Sectors
ICVT
Technology
37.12%
Finance
12.63%
Healthcare
11.14%
Utilities
8.64%
Consumer Cyclical.
8.27%
Industrials
8.12%
Other
14.07%
IBHL
Finance
15.64%
Consumer Services
13.25%
Industrials
11.2%
Healthcare
10.08%
Business Services
9.54%
Energy
8.45%
Other
31.85%
Diversification
ICVT
Total weight of top 15 holdings out of 15
16.51%
IBHL
Total weight of top 15 holdings out of 15
18.99%
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%
IBHL
1261229 B.C., 10% 15apr2032, USD
3.02%
Quikrete Holdings, 6.375% 1mar2032, USD
2.13%
CCO Holdings, 4.5% 1may2032, USD
1.31%
Beacon Roofing Supply, 6.75% 30apr2032, USD
1.22%
TransDigm, 6.625% 1mar2032, USD
1.19%
Venture Global LNG, 9.875% 1feb2032, USD
1.16%
PetSmart, 7.5% 15sep2032, USD
1.07%
IQVIA Holdings, 6.25% 1jun2032, USD
1.06%
Block, 6.5% 15may2032, USD
1.06%
Hub International, 7.375% 31jan2032, USD
1.05%
Altice France (SFR Group), 6.5% 15apr2032, USD
0.98%
Voyager Parent, 9.25% 1jul2032, USD
0.97%
NCL Corporation, 6.75% 1feb2032, USD
0.95%
Warner Bros. Discovery, 4.279% 15mar2032, USD
0.95%
Community Health Systems (CHS), 10.875% 15jan2032, USD
0.89%
Frequently asked questions about ICVT and IBHL
How have the ICVT and IBHL ETFs performed in 2026?
As of September 21, 2026, ICVT is up 17.69% year-to-date (YTD), while IBHL has returned 1.28%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: ICVT or IBHL?
Year-to-date, the ICVT ETF saw +$3.27B in flows, compared to +$18M for IBHL.
Which ETF is more volatile: ICVT or IBHL?
Over the past year, ICVT had a volatility of 17.7%, while IBHL experienced 3.11%.
Which ETF is bigger: ICVT or IBHL?
As of September 21, 2026, ICVT holds $7.99 B in assets under management (AUM), while IBHL manages $29.90 M.
What sectors do the ICVT and IBHL ETFs invest in?
ICVT leans toward sectors like Technology, Finance and Healthcare. Meanwhile, IBHL focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the ICVT ETF and IBHL 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.). IBHL holds in its top three: 1261229 B.C., 10% 15apr2032, USD, Quikrete Holdings, 6.375% 1mar2032, USD and CCO Holdings, 4.5% 1may2032, USD.
Which ETF is more diversified: ICVT or IBHL?
ICVT holds 376 securities with 16.51% of its assets in the top 15. IBHL has 221 securities and a top 15 weight of 18.99%.
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