SPDR Bloomberg Barclays Convertible Securities ETF (CWB)
CWB is a passive ETF by State Street tracking the investment results of the Bloomberg US Convertibles Liquid Bond. CWB launched on Apr 14, 2009 and has a 0.40% expense ratio.
ETF Info
| ISIN | US78464A3591 |
|---|---|
| CUSIP | 78464A359 |
| Issuer | State Street |
| Inception Date | Apr 14, 2009 |
| Region | North America (U.S.) |
| Category | Preferred Stock/Convertible Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg US Convertibles Liquid Bond |
| Home Page | www.ssga.com |
| Asset Class | Bond |
Expense Ratio
CWB features an expense ratio of 0.40%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: CWB vs. ICVT, CWB vs. GLD, CWB vs. PFF, CWB vs. ANGL, CWB vs. VCLT, CWB vs. SCHD, CWB vs. IVV, CWB vs. VCIT, CWB vs. VCSH, CWB vs. VXUS
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPDR Bloomberg Barclays Convertible Securities ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SPDR Bloomberg Barclays Convertible Securities ETF had a return of 11.62% year-to-date (YTD) and 20.62% in the last 12 months. Over the past 10 years, SPDR Bloomberg Barclays Convertible Securities ETF had an annualized return of 9.21%, while the S&P 500 had an annualized return of 11.39%, indicating that SPDR Bloomberg Barclays Convertible Securities ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.62% | 25.48% |
| 1 month | 2.61% | 2.14% |
| 6 months | 10.26% | 12.76% |
| 1 year | 20.62% | 33.14% |
| 5 years (annualized) | 10.62% | 13.96% |
| 10 years (annualized) | 9.21% | 11.39% |
Monthly Returns
The table below presents the monthly returns of CWB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.40% | 0.89% | 2.08% | -3.67% | 2.13% | 0.73% | 2.18% | 1.15% | 3.28% | 0.34% | 11.62% | ||
| 2023 | 6.01% | -1.61% | 0.26% | -1.39% | 1.33% | 4.84% | 2.92% | -2.84% | -2.61% | -4.22% | 5.68% | 6.03% | 14.50% |
| 2022 | -7.40% | -1.14% | 1.56% | -7.70% | -3.03% | -5.89% | 5.43% | 0.15% | -6.74% | 2.98% | 2.48% | -2.68% | -20.81% |
| 2021 | 2.17% | 2.88% | -4.04% | 2.49% | -1.19% | 3.07% | -1.07% | 2.00% | -2.17% | 3.19% | -4.53% | -0.21% | 2.18% |
| 2020 | 3.14% | -3.49% | -13.10% | 11.50% | 6.91% | 6.65% | 7.44% | 9.24% | -2.58% | 0.19% | 13.68% | 7.12% | 53.39% |
| 2019 | 7.99% | 3.53% | 0.19% | 2.64% | -5.41% | 4.77% | 1.65% | -1.60% | -0.29% | 1.72% | 2.89% | 2.92% | 22.39% |
| 2018 | 5.04% | -2.39% | -0.01% | -0.16% | 3.80% | -0.35% | 0.52% | 2.36% | -0.61% | -6.64% | 2.56% | -5.47% | -1.99% |
| 2017 | 2.87% | 2.07% | 0.84% | 1.70% | 0.91% | 1.31% | 3.02% | 0.25% | 0.50% | 1.69% | -0.09% | -0.33% | 15.70% |
| 2016 | -5.31% | 0.80% | 5.33% | 0.87% | 0.83% | 0.54% | 4.47% | 1.07% | 1.20% | -1.10% | 0.49% | 1.25% | 10.55% |
| 2015 | -1.43% | 3.76% | -0.07% | 1.50% | 1.89% | -3.13% | -0.47% | -2.60% | -2.38% | 4.45% | -0.67% | -1.32% | -0.80% |
| 2014 | 1.20% | 4.68% | -1.94% | 0.63% | 2.06% | 2.30% | -1.50% | 3.24% | -2.74% | 0.53% | 1.20% | -1.92% | 7.71% |
| 2013 | 2.95% | 0.54% | 2.29% | 1.72% | 2.06% | -2.27% | 4.60% | -0.80% | 2.79% | 2.78% | 1.01% | 1.31% | 20.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CWB is 69, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SPDR Bloomberg Barclays Convertible Securities ETF (CWB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPDR Bloomberg Barclays Convertible Securities ETF provided a 1.72% dividend yield over the last twelve months, with an annual payout of $1.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.37 | $1.42 | $1.42 | $1.63 | $1.94 | $1.68 | $2.89 | $2.15 | $2.10 | $3.26 | $3.45 | $1.71 |
Dividend yield | 1.72% | 1.97% | 2.21% | 1.97% | 2.34% | 3.03% | 6.17% | 4.25% | 4.60% | 7.52% | 7.36% | 3.66% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Bloomberg Barclays Convertible Securities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.09 | $0.13 | $0.10 | $0.08 | $0.13 | $0.08 | $0.11 | $0.13 | $0.07 | $0.11 | $1.02 | |
| 2023 | $0.00 | $0.06 | $0.15 | $0.11 | $0.05 | $0.14 | $0.09 | $0.08 | $0.16 | $0.12 | $0.12 | $0.34 | $1.42 |
| 2022 | $0.00 | $0.04 | $0.13 | $0.10 | $0.05 | $0.13 | $0.09 | $0.05 | $0.14 | $0.09 | $0.06 | $0.53 | $1.42 |
| 2021 | $0.00 | $0.04 | $0.12 | $0.09 | $0.05 | $0.13 | $0.09 | $0.04 | $0.13 | $0.09 | $0.05 | $0.80 | $1.63 |
| 2020 | $0.00 | $0.09 | $0.09 | $0.12 | $0.08 | $0.09 | $0.11 | $0.06 | $0.10 | $0.11 | $0.05 | $1.05 | $1.94 |
| 2019 | $0.00 | $0.07 | $0.09 | $0.12 | $0.07 | $0.08 | $0.11 | $0.08 | $0.09 | $0.10 | $0.08 | $0.79 | $1.68 |
| 2018 | $0.00 | $0.08 | $0.14 | $0.14 | $0.09 | $0.10 | $0.12 | $0.08 | $0.08 | $0.13 | $0.07 | $1.87 | $2.89 |
| 2017 | $0.00 | $0.07 | $0.16 | $0.15 | $0.07 | $0.15 | $0.15 | $0.08 | $0.20 | $0.14 | $0.09 | $0.88 | $2.15 |
| 2016 | $0.00 | $0.11 | $0.19 | $0.14 | $0.07 | $0.13 | $0.15 | $0.12 | $0.20 | $0.17 | $0.11 | $0.72 | $2.10 |
| 2015 | $0.00 | $0.07 | $0.09 | $0.11 | $0.07 | $0.10 | $0.11 | $0.08 | $0.12 | $0.14 | $0.08 | $2.28 | $3.26 |
| 2014 | $0.00 | $0.08 | $0.08 | $0.15 | $0.09 | $0.09 | $0.11 | $0.08 | $0.10 | $0.12 | $0.09 | $2.47 | $3.45 |
| 2013 | $0.12 | $0.15 | $0.11 | $0.09 | $0.13 | $0.10 | $0.09 | $0.13 | $0.12 | $0.08 | $0.59 | $1.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Bloomberg Barclays Convertible Securities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Bloomberg Barclays Convertible Securities ETF was 32.06%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.
The current SPDR Bloomberg Barclays Convertible Securities ETF drawdown is 7.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.06% | Feb 20, 2020 | 23 | Mar 23, 2020 | 53 | Jun 8, 2020 | 76 |
| -29.86% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -17.1% | May 3, 2011 | 107 | Oct 3, 2011 | 264 | Oct 18, 2012 | 371 |
| -15.93% | Jun 2, 2015 | 177 | Feb 11, 2016 | 112 | Jul 22, 2016 | 289 |
| -13.82% | Jun 21, 2018 | 129 | Dec 24, 2018 | 41 | Feb 25, 2019 | 170 |
Volatility
Volatility Chart
The current SPDR Bloomberg Barclays Convertible Securities ETF volatility is 2.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.