Preferred Stock/Convertible Bonds ETFs invest in preferred stocks and convertible bonds, providing investors with exposure to hybrid securities that combine features of stocks and bonds. These ETFs offer potential benefits like higher income compared to common stocks and the possibility of capital appreciation through conversion to common shares. However, they may carry additional risks compared to traditional bond investments.

Preferred Stock/Convertible Bonds

NasdaqGM

NPFI

FCVT

iShares Convertible Bond ETF (ICVT) seeks to track the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index, an index of U.S. dollar-denominated cash-pay convertible bonds with outstanding issue size greater than $250 million. The fund offers exposure to hybrid securities with both fixed-income and equity-linked characteristics.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
NPFI	Nuveen Preferred And Income ETF	2.46	—	—	78
FCVT	First Trust SSI Strategic Convertible Securities E...	2.45	0.46	0.79	85
ICVT	iShares Convertible Bond ETF	2.43	0.49	0.92	86
PRFD	PIMCO Preferred And Capital Securities Active Exch...	2.27	—	—	71
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	2.24	0.49	0.90	82

Top Preferred Stock/Convertible Bonds ETFs by Sharpe Ratio

Top Preferred Stock/Convertible Bonds ETFs by Sharpe Ratio