ICVTvsSHYGETF Comparison
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iShares Convertible Bond ETF (ICVT) belongs to the Convertible Bonds segment. iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is part of the Intl HY Bonds segment. ICVT's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, SHYG's top sector exposures are Finance, Consumer Services and Industrials. ICVT is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.3% for SHYG. ICVT is up 16.33% year-to-date (YTD) with +$3.27B in YTD flows. SHYG performs worse with 2.12% YTD performance, and -$23M in YTD flows. Run a side-by-side ETF comparison of ICVT and SHYG 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 SHYG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICVT SHYG | -2.51%-0.32% | -8.50%+0.25% | +16.33%+2.12% | +16.00%+3.41% | +60.00%+24.51% | +31.74%+26.28% |
| Flows | ICVT SHYG | +$419M+$219M | +$1.23B+$337M | +$3.27B-$23M | +$4.35B+$674M | +$5.26B+$2.54B | +$5.34B+$2.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICVT SHYG | +18.78%+2.07% | +17.64%+2.45% | +12.56%+3.06% | +12.84%+4.05% |
| Max drawdown | ICVT SHYG | -11.61%-0.79% | -11.61%-1.74% | -11.61%-3.66% | -29.37%-8.89% |
| Max drawdown duration | ICVT SHYG | 89d22d | 89d48d | 89d72d | 1339d561d |
Trading data
ICVT | SHYG | |
Last sale 9/18/2026 at 1:30 PM | $113.45 | $41.78 |
| Previous close 09/17/2026 | $113.09 | $41.83 |
| Consolidated volume 09/17/2026 | ||
| 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 | SHYG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
ICVT | SHYG | |
|---|---|---|
| Last price | $113.45 | $41.78 |
| 1D performance | +0.32% | -0.12% |
| AuM | $7.90 B | $7.75 B |
| E/R | 0.2% | 0.3% |
Characteristics
ICVT | SHYG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | Bloomberg U.S. Convertible Cash Pay Bond Index | Markit iBoxx USD Liquid High Yield 0-5 Index |
| N° of holdings | 374 | 1150 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 2, 2015 | October 15, 2013 |
| ESG | No | No |
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Exposure
Countries
ICVT
USA
85.06%
Other
14.94%
SHYG
USA
86.21%
Other
13.79%
Sectors
ICVT
Technology
37.12%
Finance
12.63%
Healthcare
11.14%
Utilities
8.64%
Consumer Cyclical.
8.27%
Industrials
8.12%
Other
14.07%
SHYG
Finance
19.61%
Consumer Services
14.25%
Industrials
10.48%
Non-Energy Materi.
8.98%
Business Services
7.97%
Energy
7.92%
Other
30.78%
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Diversification
ICVT
Total weight of top 15 holdings out of 15
16.51%
SHYG
Total weight of top 15 holdings out of 15
6.47%
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%
SHYG
BlackRock Cash Funds - Treasury
0.94%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.59%
EchoStar, 10.75% 30nov2029, USD
0.53%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.46%
Cloud Software Group, 6.5% 31mar2029, USD
0.44%
Cloud Software Group, 9% 30sep2029, USD
0.43%
WULF Compute, 7.75% 15oct2030, USD
0.38%
Venture Global LNG, 9.5% 1feb2029, USD
0.37%
Hub International, 7.25% 15jun2030, USD
0.37%
Core Scientific Finance I, 7.75% 15may2031, USD
0.34%
DISH DBS, 5.25% 1dec2026, USD
0.34%
TransDigm, 6.375% 1mar2029, USD
0.32%
CCO Holdings, 4.75% 1mar2030, USD
0.32%
American Airlines, 5.75% 20apr2029, USD
0.32%
Mauser Packaging Solutions, 7.875% 15apr2030, USD
0.31%
Frequently asked questions about ICVT and SHYG
How have the ICVT and SHYG ETFs performed in 2026?
As of September 18, 2026, ICVT is up 16.33% year-to-date (YTD), while SHYG has returned 2.12%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: ICVT or SHYG?
Year-to-date, the ICVT ETF saw +$3.27B in flows, compared to -$23M for SHYG.
Which ETF is more volatile: ICVT or SHYG?
Over the past year, ICVT had a volatility of 17.64%, while SHYG experienced 2.45%.
Which ETF is bigger: ICVT or SHYG?
As of September 18, 2026, ICVT holds $7.90 B in assets under management (AUM), while SHYG manages $7.75 B.
What sectors do the ICVT and SHYG ETFs invest in?
ICVT leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SHYG focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the ICVT ETF and SHYG 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.). SHYG holds in its top three: BlackRock Cash Funds - Treasury, Meridian Arc HoldCo, 6.25% 30apr2031, USD and EchoStar, 10.75% 30nov2029, USD.
Which ETF is more diversified: ICVT or SHYG?
ICVT holds 376 securities with 16.51% of its assets in the top 15. SHYG has 1154 securities and a top 15 weight of 6.47%.
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