MCVTvsIBHKETF Comparison
VS
ETF 2
IBHK
iShares iBonds 2031 Term High Yield and Income ETF
This fund is part of
US Aggregate Bonds
-0.02%
Miller Convertible Total Return ETF (MCVT) belongs to the Convertible Bonds segment. iShares iBonds 2031 Term High Yield and Income ETF (IBHK) is part of the US Aggregate Bonds segment. MCVT's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, IBHK's top sector exposures are Finance, Industrials and Consumer Services. MCVT is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.35% for IBHK. Run a side-by-side ETF comparison of MCVT and IBHK 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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MCVT vs IBHK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MCVT IBHK | -3.05%-0.01% | +3.28%+0.85% | n/a+2.19% | n/a+4.04% | n/an/a | n/an/a |
| Flows | MCVT IBHK | +$5M- | +$7M+$17M | -+$31M | -+$45M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MCVT IBHK | +8.93%+2.65% | n/a+3.07% | n/an/a | n/an/a |
| Max drawdown | MCVT IBHK | -3.60%-1.10% | n/a-2.65% | n/an/a | n/an/a |
| Max drawdown duration | MCVT IBHK | 25d37d | n/a50d | n/an/a | n/an/a |
Trading data
MCVT | IBHK | |
Last sale 9/8/2026 at 1:30 PM | $25.30 | |
| Previous close 09/08/2026 | $25.34 | |
| Consolidated volume 09/08/2026 | ||
| 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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MCVT
is actively managed and doesn’t replicate an indexMCVT | IBHK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/8/2026 at 1:30 PM
Live
Closed
MCVT | IBHK | |
|---|---|---|
| Last price | – | $25.30 |
| 1D performance | – | -0.16% |
| AuM | $18.15 M | $74.46 M |
| E/R | 0.85% | 0.35% |
Characteristics
MCVT | IBHK | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Miller Family Of Funds | iShares |
| Benchmark | - | Bloomberg 2031 Term High Yield and Income Index |
| N° of holdings | 39 | 288 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2026 | May 22, 2024 |
| ESG | No | No |
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Exposure
Countries
MCVT
USA
86.01%
Other
13.99%
IBHK
USA
88.67%
Other
11.33%
Sectors
MCVT
Technology
29.61%
Healthcare
29.4%
Industrials
10.29%
Other
30.7%
IBHK
Finance
22.85%
Industrials
12.71%
Consumer Services
10.13%
Business Services
8.75%
Consumer Cyclical.
8.46%
Non-Energy Materi.
7.97%
Other
29.13%
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Diversification
MCVT
Total weight of top 15 holdings out of 15
44.3%
IBHK
Total weight of top 15 holdings out of 15
18.08%
Top 15 holdings
Data as of July 31, 2026
MCVT
Uber Technologies, 0.875% 1dec2028, USD (Conv.)
3.96%
Bridgebio Pharma, 1.75% 1mar2031, USD (Conv.)
3.66%
Revolution Medicines, 0.5% 1may2033, USD (Conv.)
3.43%
Liberty Media, 2.25% 15aug2027, USD (Conv.)
3.30%
Halozyme Therapeutics, 0.875% 15nov2032, USD (Conv.)
3.17%
Alphabet, Inc.
3.15%
Travere Therapeutics, 0.5% 15may2032, USD (Conv.)
3.05%
Transmedics, 1.5% 1jun2028, USD (Conv.)
3.01%
Snowflake, 0% 1oct2027, USD (Conv.)
2.83%
Omnicell, 1% 1dec2029, USD (Conv.)
2.65%
Tetra Tech, 2.25% 15aug2028, USD (Conv.)
2.47%
HA Sustainable Infrastructure Capital, 3.75% 15aug2028, USD (Conv.)
2.45%
Imax Corporation, 0.75% 15nov2030, USD (Conv.)
2.40%
Burlington Stores, 1.25% 15dec2027, USD (Conv.)
2.39%
AeroVironment, 0% 15jul2030, USD (Conv.)
2.38%
IBHK
Meridian Arc HoldCo, 6.25% 30apr2031, USD
2.29%
PR RNO Property Owner 1, 6.5% 1may2031, USD
1.76%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
1.46%
Core Scientific Finance I, 7.75% 15may2031, USD
1.34%
RP Escrow Issuer, 7.125% 1jun2031, USD
1.33%
CCO Holdings, 4.25% 1feb2031, USD
1.11%
Carvana, 14% 1jun2031, USD
1.07%
CoreWeave, 9.75% 1oct2031, USD
1.04%
UKG, 6.875% 1feb2031, USD
1.03%
Allied Universal HoldCo, 7.875% 15feb2031, USD
1.02%
Venture Global LNG, 8.375% 1jun2031, USD
0.99%
Windstream Escrow, 8.25% 1oct2031, USD
0.95%
DIRECTV Financing, 10% 15feb2031, USD
0.92%
Connect Holding II, 10.5% 3apr2031, USD
0.89%
APLD ComputeCo 2, 6.75% 15mar2031, USD
0.88%
Frequently asked questions about MCVT and IBHK
Which ETF is bigger: MCVT or IBHK?
As of September 7, 2026, MCVT holds $18.15 M in assets under management (AUM), while IBHK manages $74.46 M.
What sectors do the MCVT and IBHK ETFs invest in?
MCVT leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, IBHK focuses on Finance, Industrials and Consumer Services.
What are the top holdings of the MCVT ETF and IBHK ETF?
MCVT top holdings include Uber Technologies, 0.875% 1dec2028, USD (Conv.), Bridgebio Pharma, 1.75% 1mar2031, USD (Conv.) and Revolution Medicines, 0.5% 1may2033, USD (Conv.). IBHK holds in its top three: Meridian Arc HoldCo, 6.25% 30apr2031, USD, PR RNO Property Owner 1, 6.5% 1may2031, USD and SV RNO Property Owner 1, 5.875% 1mar2031, USD.
Which ETF is more diversified: MCVT or IBHK?
MCVT holds 39 securities with 44.3% of its assets in the top 15. IBHK has 291 securities and a top 15 weight of 18.08%.
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