ICVTvsLQDETF Comparison
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iShares Convertible Bond ETF (ICVT) belongs to the Convertible Bonds segment. iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is part of the Intl IG Bonds segment. ICVT's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, LQD's top sector exposures are Finance, Technology and Healthcare. ICVT is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.14% for LQD. ICVT is up 17.69% year-to-date (YTD) with +$3.27B in YTD flows. LQD performs worse with -1.77% YTD performance, and -$484M in YTD flows. Run a side-by-side ETF comparison of ICVT and LQD 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 LQD 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 LQD | -0.67%-0.35% | -7.29%-2.20% | +17.69%-1.77% | +16.24%-1.32% | +64.17%+16.55% | +33.06%-5.47% |
| Flows | ICVT LQD | +$332M-$4.59B | +$1.14B-$2.70B | +$3.27B-$484M | +$4.35B-$1.11B | +$5.26B-$3.70B | +$5.34B-$4.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICVT LQD | +18.95%+5.40% | +17.70%+5.09% | +12.58%+6.88% | +12.85%+8.16% |
| Max drawdown | ICVT LQD | -11.47%-3.79% | -11.61%-4.07% | -11.61%-6.22% | -29.37%-25.07% |
| Max drawdown duration | ICVT LQD | 91d84d | 92d204d | 92d318d | 1339d1825d |
Trading data
ICVT | LQD | |
Last sale 9/22/2026 at 1:30 PM | $115.43 | $105.09 |
| Previous close 09/21/2026 | $114.97 | $105.09 |
| 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 | LQD | |
|---|---|---|
| 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 | LQD | |
|---|---|---|
| Last price | $115.43 | $105.09 |
| 1D performance | +0.40% | +0.00% |
| AuM | $7.99 B | $27.93 B |
| E/R | 0.2% | 0.14% |
Characteristics
ICVT | LQD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | Bloomberg U.S. Convertible Cash Pay Bond Index | Markit iBoxx USD Liquid Investment Grade Index |
| N° of holdings | 374 | 3146 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 2, 2015 | July 22, 2002 |
| ESG | No | No |
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Exposure
Countries
ICVT
USA
85.06%
Other
14.94%
LQD
USA
86.96%
Other
13.04%
Sectors
ICVT
Technology
37.12%
Finance
12.63%
Healthcare
11.14%
Utilities
8.64%
Consumer Cyclical.
8.27%
Industrials
8.12%
Other
14.07%
LQD
Finance
33.32%
Technology
13.8%
Healthcare
9.97%
Energy
8.23%
Telecommunication.
8.09%
Other
26.59%
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Diversification
ICVT
Total weight of top 15 holdings out of 15
16.51%
LQD
Total weight of top 15 holdings out of 15
2.89%
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%
LQD
BlackRock Cash Funds - Treasury
0.80%
Anheuser-Busch, 4.9% 1feb2046, USD
0.20%
CVS Health, 5.05% 25mar2048, USD
0.17%
T-Mobile USA, 3.875% 15apr2030, USD
0.16%
Goldman Sachs, 6.75% 1oct2037, USD
0.15%
Meta Platforms, 4.875% 15nov2035, USD
0.15%
Amazon.com, 4.875% 13mar2036, USD
0.15%
Meta Platforms, 6.3% 15may2056, USD
0.14%
Space Exploration Technologies, 5.875% 15jul2036, USD
0.14%
Pfizer, 4.75% 19may2033, USD
0.14%
Anheuser-Busch, 4.7% 1feb2036, USD
0.14%
Boeing, 5.805% 1may2050, USD
0.14%
Pfizer, 5.3% 19may2053, USD
0.14%
Meta Platforms, 5.625% 15nov2055, USD
0.13%
Space Exploration Technologies, 5.65% 15jul2033, USD
0.13%
Frequently asked questions about ICVT and LQD
How have the ICVT and LQD ETFs performed in 2026?
As of September 21, 2026, ICVT is up 17.69% year-to-date (YTD), while LQD has lost -1.77%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: ICVT or LQD?
Year-to-date, the ICVT ETF saw +$3.27B in flows, compared to -$484M for LQD.
Which ETF is more volatile: ICVT or LQD?
Over the past year, ICVT had a volatility of 17.7%, while LQD experienced 5.09%.
Which ETF is bigger: ICVT or LQD?
As of September 21, 2026, ICVT holds $7.99 B in assets under management (AUM), while LQD manages $27.93 B.
What sectors do the ICVT and LQD ETFs invest in?
ICVT leans toward sectors like Technology, Finance and Healthcare. Meanwhile, LQD focuses on Finance, Technology and Healthcare.
What are the top holdings of the ICVT ETF and LQD 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.). LQD holds in its top three: BlackRock Cash Funds - Treasury, Anheuser-Busch, 4.9% 1feb2046, USD and CVS Health, 5.05% 25mar2048, USD.
Which ETF is more diversified: ICVT or LQD?
ICVT holds 376 securities with 16.51% of its assets in the top 15. LQD has 3147 securities and a top 15 weight of 2.89%.
Latest news about ICVT & LQD
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