ICVTvsUSHYETF Comparison
VS
ETF 2
USHY
iShares Broad USD High Yield Corporate Bond ETF
This fund is part of
US Corporate HY Bonds
+0.17%
iShares Convertible Bond ETF (ICVT) belongs to the Convertible Bonds segment. iShares Broad USD High Yield Corporate Bond ETF (USHY) is part of the US Corporate HY Bonds segment. ICVT's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, USHY's top sector exposures are Finance, Consumer Services and Industrials. ICVT is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.08% for USHY. ICVT is up 17.69% year-to-date (YTD) with +$3.27B in YTD flows. USHY performs worse with 1.94% YTD performance, and +$2.45B in YTD flows. Run a side-by-side ETF comparison of ICVT and USHY 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 USHY 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 USHY | -0.67%-0.50% | -7.29%+0.17% | +17.69%+1.94% | +16.24%+3.20% | +64.17%+28.18% | +33.06%+21.34% |
| Flows | ICVT USHY | +$332M-$1.44B | +$1.14B-$323M | +$3.27B+$2.45B | +$4.35B+$2.64B | +$5.26B+$17.91B | +$5.34B+$20.31B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICVT USHY | +18.95%+2.17% | +17.70%+2.63% | +12.58%+3.37% | +12.85%+4.84% |
| Max drawdown | ICVT USHY | -11.47%-1.14% | -11.61%-2.20% | -11.61%-3.86% | -29.37%-15.04% |
| Max drawdown duration | ICVT USHY | 91d25d | 92d50d | 92d68d | 1339d721d |
Trading data
ICVT | USHY | |
Last sale 9/22/2026 at 1:30 PM | $115.43 | $36.41 |
| Previous close 09/21/2026 | $114.97 | $36.41 |
| 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 | USHY | |
|---|---|---|
| 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 | USHY | |
|---|---|---|
| Last price | $115.43 | $36.41 |
| 1D performance | +0.40% | +0.00% |
| AuM | $7.99 B | $27.23 B |
| E/R | 0.2% | 0.08% |
Characteristics
ICVT | USHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | Bloomberg U.S. Convertible Cash Pay Bond Index | ICE BofA US High Yield Constrained Index |
| N° of holdings | 374 | 1882 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 2, 2015 | October 26, 2017 |
| ESG | No | No |
Exposure
Countries
ICVT
USA
85.06%
Other
14.94%
USHY
USA
87.85%
Other
12.15%
Sectors
ICVT
Technology
37.12%
Finance
12.63%
Healthcare
11.14%
Utilities
8.64%
Consumer Cyclical.
8.27%
Industrials
8.12%
Other
14.07%
USHY
Finance
17.37%
Consumer Services
11.97%
Industrials
11.46%
Non-Energy Materi.
9.07%
Energy
8.83%
Business Services
7.24%
Other
34.06%
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Diversification
ICVT
Total weight of top 15 holdings out of 15
16.51%
USHY
Total weight of top 15 holdings out of 15
5.34%
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%
USHY
BlackRock Cash Funds - Treasury
1.26%
1261229 B.C., 10% 15apr2032, USD
0.49%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.40%
EchoStar, 10.75% 30nov2029, USD
0.40%
Quikrete Holdings, 6.375% 1mar2032, USD
0.30%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.28%
Cloud Software Group, 6.5% 31mar2029, USD
0.26%
Asurion LLC, 8% 31dec2032, USD
0.26%
Cloud Software Group, 9% 30sep2029, USD
0.26%
WULF Compute, 7.75% 15oct2030, USD
0.25%
Hub International, 7.25% 15jun2030, USD
0.25%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.25%
Nexstar Media, 6.5% 15sep2033, USD
0.24%
Venture Global LNG, 9.5% 1feb2029, USD
0.23%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.23%
Frequently asked questions about ICVT and USHY
How have the ICVT and USHY ETFs performed in 2026?
As of September 21, 2026, ICVT is up 17.69% year-to-date (YTD), while USHY has returned 1.94%. That puts ICVT better performer ahead so far this year.
Which ETF is attracting more investor money: ICVT or USHY?
Year-to-date, the ICVT ETF saw +$3.27B in flows, compared to +$2.45B for USHY.
Which ETF is more volatile: ICVT or USHY?
Over the past year, ICVT had a volatility of 17.7%, while USHY experienced 2.63%.
Which ETF is bigger: ICVT or USHY?
As of September 21, 2026, ICVT holds $7.99 B in assets under management (AUM), while USHY manages $27.23 B.
What sectors do the ICVT and USHY ETFs invest in?
ICVT leans toward sectors like Technology, Finance and Healthcare. Meanwhile, USHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the ICVT ETF and USHY 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.). USHY holds in its top three: BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD.
Which ETF is more diversified: ICVT or USHY?
ICVT holds 376 securities with 16.51% of its assets in the top 15. USHY has 1896 securities and a top 15 weight of 5.34%.
Latest news about ICVT & USHY
Schwab Launches New High-Yield Bond ETF on NYSE ARCA
July 13, 2023
USHY
Uptick to inflows in high-yield bond ETFs
December 16, 2022
USHY
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