ICVTvsSPABETF Comparison
VS
iShares Convertible Bond ETF (ICVT) belongs to the Convertible Bonds segment. State Street SPDR Portfolio Aggregate Bond ETF (SPAB) is part of the US Aggregate Bonds segment. ICVT's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, SPAB's top sector exposures are Sovereign, Industrials and Government Agencies. ICVT is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.03% for SPAB. ICVT is up 3.96% year-to-date (YTD) with +$3.10B in YTD flows. SPAB performs worse with -0.01% YTD performance, and +$1.35B in YTD flows. Run a side-by-side ETF comparison of ICVT and SPAB 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 SPAB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICVT SPAB | -10.94%+3.01% | -12.66%-0.09% | +3.96%-0.01% | -0.20%+0.71% | +48.59%+15.70% | +13.92%-1.07% |
| Flows | ICVT SPAB | -$434M+$192M | +$558M+$481M | +$3.10B+$1.35B | +$3.79B+$1.76B | +$5.09B+$3.07B | +$5.09B+$5.01B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICVT SPAB | +16.60%+4.66% | +18.14%+3.96% | +13.04%+4.88% | +13.05%+5.99% |
| Max drawdown | ICVT SPAB | -14.79%-3.30% | -18.24%-4.68% | -18.24%-4.87% | -29.37%-17.44% |
| Max drawdown duration | ICVT SPAB | 80d72d | 137d249d | 137d284d | 1339d1556d |
Trading data
ICVT | SPAB | |
Last sale 11/6/2026 at 2:30 PM | $101.63 | $24.87 |
| Previous close 11/04/2026 | $100.51 | $24.89 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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ICVT | SPAB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/6/2026 at 2:30 PM
Live
Closed
ICVT | SPAB | |
|---|---|---|
| Last price | $101.63 | $24.87 |
| 1D performance | +1.11% | -0.08% |
| AuM | $6.86 B | $10.32 B |
| E/R | 0.2% | 0.03% |
Characteristics
ICVT | SPAB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | Bloomberg U.S. Convertible Cash Pay Bond Index | Bloomberg US Aggregate Bond Index |
| N° of holdings | 336 | 570 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 2, 2015 | May 23, 2007 |
| ESG | No | No |
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Exposure
Countries
ICVT
USA
71.04%
Other
28.96%
SPAB
USA
81.98%
Other
18.02%
Sectors
ICVT
Technology
28.93%
Finance
10.02%
Healthcare
9.83%
Utilities
7.22%
Industrials
7.12%
Other
36.87%
SPAB
Sovereign
71.52%
Industrials
9.78%
Other
18.7%
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Diversification
ICVT
Total weight of top 15 holdings out of 15
16.07%
SPAB
Total weight of top 15 holdings out of 15
8.87%
Top 15 holdings
Data as of September 30, 2026
ICVT
US55024UAK51
1.86%
Alibaba, 0.5% 1jun2031, USD (Conv.)
1.76%
US21873SAL25
1.28%
Bloom Energy, 0% 15nov2030, USD (Conv.)
1.18%
Western Digital, 3% 15nov2028, USD (Conv.)
1.12%
Nebius, 1.25% 15mar2031, USD (Conv.)
1.10%
CoreWeave, 1.75% 1oct2032, USD (Conv.)
1.05%
US63954QAN60
1.00%
US60770KAA51
1.00%
Cloudflare, 0% 15jun2030, USD (Conv.)
0.89%
US63954QAG10
0.82%
US63954QAH92
0.80%
Nebius, 2.625% 15mar2033, USD (Conv.)
0.74%
CoreWeave, 1.75% 1dec2031, USD (Conv.)
0.74%
DoorDash, 0% 15may2030, USD (Conv.)
0.74%
SPAB
USA, Notes 4.375% 15may2036, USD (C-2036)
0.68%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.63%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.63%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.61%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.61%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.61%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.60%
USA, Notes 4% 15nov2035, USD (F-2035)
0.59%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.59%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.58%
USA, Notes 4% 15feb2034, USD (B-2034)
0.57%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.56%
USA, Notes 4% 28feb2030, USD (H-2030)
0.56%
USA, Notes 3.875% 15aug2033, USD (E-2033)
0.53%
USA, Notes 1.25% 15aug2031, USD (E-2031)
0.51%
Frequently asked questions about ICVT and SPAB
How have the ICVT and SPAB ETFs performed in 2026?
As of November 5, 2026, ICVT is up 3.96% year-to-date (YTD), while SPAB has lost -0.01%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: ICVT or SPAB?
Year-to-date, the ICVT ETF saw +$3.10B in flows, compared to +$1.35B for SPAB.
Which ETF is more volatile: ICVT or SPAB?
Over the past year, ICVT had a volatility of 18.14%, while SPAB experienced 3.96%.
Which ETF is bigger: ICVT or SPAB?
As of November 5, 2026, ICVT holds $6.86 B in assets under management (AUM), while SPAB manages $10.32 B.
What sectors do the ICVT and SPAB ETFs invest in?
ICVT leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SPAB focuses on Sovereign and Industrials.
What are the top holdings of the ICVT ETF and SPAB ETF?
ICVT top holdings include US55024UAK51, Alibaba, 0.5% 1jun2031, USD (Conv.) and US21873SAL25. SPAB holds in its top three: USA, Notes 4.375% 15may2036, USD (C-2036), USA, Notes 4.125% 15feb2036, USD (B-2036) and USA, Notes 4.625% 15feb2035, USD (B-2035).
Which ETF is more diversified: ICVT or SPAB?
ICVT holds 388 securities with 16.07% of its assets in the top 15. SPAB has 1443 securities and a top 15 weight of 8.87%.
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