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SPDR Bloomberg Barclays Convertible Securities ETF...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS78464A3591
CUSIP78464A359
IssuerState Street
Inception DateApr 14, 2009
RegionNorth America (U.S.)
CategoryPreferred Stock/Convertible Bonds
Index TrackedBloomberg US Convertibles Liquid Bond
Home Pagewww.ssga.com
Asset ClassBond

Expense Ratio

The SPDR Bloomberg Barclays Convertible Securities ETF has a high expense ratio of 0.40%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.40%

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.


SPDR Bloomberg Barclays Convertible Securities ETF

Popular comparisons: CWB vs. ICVT, CWB vs. VCLT, CWB vs. GLD, CWB vs. IVV, CWB vs. VCIT, CWB vs. VCSH, CWB vs. PFF, CWB vs. ANGL, CWB vs. VXUS, CWB vs. SCHD

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.


-5.00%0.00%5.00%10.00%15.00%20.00%NovemberDecember2024FebruaryMarchApril
6.19%
15.73%
CWB (SPDR Bloomberg Barclays Convertible Securities ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

SPDR Bloomberg Barclays Convertible Securities ETF had a return of -1.91% year-to-date (YTD) and 7.53% in the last 12 months. Over the past 10 years, SPDR Bloomberg Barclays Convertible Securities ETF had an annualized return of 8.31%, while the S&P 500 had an annualized return of 10.53%, indicating that SPDR Bloomberg Barclays Convertible Securities ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-1.91%6.12%
1 month-1.75%-1.08%
6 months6.19%15.73%
1 year7.53%22.34%
5 years (annualized)8.49%11.82%
10 years (annualized)8.31%10.53%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-1.40%0.89%2.08%
2023-2.61%-4.22%5.68%6.03%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of CWB is 45, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

The Risk-Adjusted Performance Rank of CWB is 4545
SPDR Bloomberg Barclays Convertible Securities ETF(CWB)
The Sharpe Ratio Rank of CWB is 5252Sharpe Ratio Rank
The Sortino Ratio Rank of CWB is 4949Sortino Ratio Rank
The Omega Ratio Rank of CWB is 4949Omega Ratio Rank
The Calmar Ratio Rank of CWB is 3434Calmar Ratio Rank
The Martin Ratio Rank of CWB is 4242Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


CWB
Sharpe ratio
The chart of Sharpe ratio for CWB, currently valued at 0.88, compared to the broader market0.002.004.000.88
Sortino ratio
The chart of Sortino ratio for CWB, currently valued at 1.29, compared to the broader market-2.000.002.004.006.008.0010.001.29
Omega ratio
The chart of Omega ratio for CWB, currently valued at 1.15, compared to the broader market1.001.502.002.501.15
Calmar ratio
The chart of Calmar ratio for CWB, currently valued at 0.28, compared to the broader market0.002.004.006.008.0010.0012.000.28
Martin ratio
The chart of Martin ratio for CWB, currently valued at 2.10, compared to the broader market0.0020.0040.0060.0080.002.10
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.89, compared to the broader market0.002.004.001.89
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.74, compared to the broader market-2.000.002.004.006.008.0010.002.74
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.33, compared to the broader market1.001.502.002.501.33
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.43, compared to the broader market0.002.004.006.008.0010.0012.001.43
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 7.65, compared to the broader market0.0020.0040.0060.0080.007.65

Sharpe Ratio

The current SPDR Bloomberg Barclays Convertible Securities ETF Sharpe ratio is 0.88. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00NovemberDecember2024FebruaryMarchApril
0.88
1.89
CWB (SPDR Bloomberg Barclays Convertible Securities ETF)
Benchmark (^GSPC)

Dividends

Dividend History

SPDR Bloomberg Barclays Convertible Securities ETF granted a 2.00% dividend yield in the last twelve months. The annual payout for that period amounted to $1.41 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$1.41$1.42$1.42$1.63$1.94$1.68$2.89$2.15$2.10$3.25$3.45$1.71

Dividend yield

2.00%1.97%2.21%1.97%2.34%3.03%6.17%4.25%4.60%7.52%7.37%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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.09$0.13
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
2022$0.00$0.04$0.13$0.10$0.05$0.13$0.09$0.05$0.14$0.09$0.06$0.52
2021$0.00$0.04$0.12$0.09$0.05$0.12$0.09$0.04$0.13$0.09$0.05$0.80
2020$0.00$0.09$0.08$0.12$0.08$0.09$0.10$0.06$0.10$0.11$0.05$1.05
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
2018$0.00$0.08$0.14$0.13$0.09$0.09$0.12$0.08$0.08$0.13$0.07$1.87
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
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
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
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
2013$0.12$0.15$0.11$0.09$0.13$0.10$0.09$0.13$0.12$0.08$0.59

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-18.44%
-3.66%
CWB (SPDR Bloomberg Barclays Convertible Securities ETF)
Benchmark (^GSPC)

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 18.44%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-32.06%Feb 20, 202023Mar 23, 202053Jun 8, 202076
-29.86%Feb 16, 2021338Jun 16, 2022
-17.1%May 3, 2011107Oct 3, 2011264Oct 18, 2012371
-15.93%Jun 2, 2015177Feb 11, 2016112Jul 22, 2016289
-13.82%Jun 21, 2018129Dec 24, 201841Feb 25, 2019170

Volatility

Volatility Chart

The current SPDR Bloomberg Barclays Convertible Securities ETF volatility is 2.49%, 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.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%NovemberDecember2024FebruaryMarchApril
2.49%
3.44%
CWB (SPDR Bloomberg Barclays Convertible Securities ETF)
Benchmark (^GSPC)