SPDR Bloomberg Barclays Convertible Securities ETF (CWB)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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.

SPDR Bloomberg Barclays Convertible Securities ETF (CWB) has returned 2.86% so far this year and 21.54% over the past 12 months. Over the last ten years, CWB has returned 11.06% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Apr 16, 2009, CWB's average daily return is +0.04%, while the average monthly return is +0.93%. At this rate, your investment would double in approximately 6.2 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +13.7%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, CWB closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +6.2%, while the worst single day was Mar 12, 2020 at -9.1%.

SPDR Bloomberg Barclays Convertible Securities ETF has an annualized alpha of 2.95%, beta of 0.62, and R² of 0.69 versus S&P 500 Index. Calculated based on daily prices since April 17, 2009.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (73.16%) than losses (72.16%) — typical of diversified or defensive assets.
• This ETF generated an annualized alpha of 2.95% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.62 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

CWB has an expense ratio of 0.40%, placing it in the medium range.

CWB ranks 80 for risk / return — better than 80% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for SPDR Bloomberg Barclays Convertible Securities ETF (CWB) and compare them to a chosen benchmark (S&P 500 Index).

SPDR Bloomberg Barclays Convertible Securities ETF provided a 1.63% dividend yield over the last twelve months, with an annual payout of $1.49 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 4.16%.

The chart below shows the rolling one-month volatility.