CWB Alternatives & Similar ETFs

SPDR Bloomberg Barclays Convertible Securities ETF (CWB) belongs to the Preferred Stock/Convertible Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CWB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to CWB

CWB charges 0.40% annually. There are 4 ETFs in the Preferred Stock/Convertible Bonds category with lower expense ratios, going as low as 0.20%.

Symbol	Name	Expense Ratio	AUM	Inception
ICVT	iShares Convertible Bond ETF	0.20%	7.48B	Jun 2015	CWB vs ICVT
PFFD	Global X U.S. Preferred ETF	0.23%	2.17B	Sep 2017	CWB vs PFFD
PFFV	Global X Variable Rate Preferred ETF	0.25%	304.58M	Jun 2020	CWB vs PFFV
EVPF	Eaton Vance Preferred Securities and Income ETF	0.39%	35.04M	Mar 2026	CWB vs EVPF
PFXF	VanEck Preferred Securities ex Financials ETF	0.40%	2.44B	Jul 2012	CWB vs PFXF

Best Risk-Adjusted Alternatives to CWB

CWB has a PortfoliosLab risk / return rank of 68. There are 7 ETFs in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 79.

Symbol	Name	Risk / Return Rank	AUM	Inception
NPFI	Nuveen Preferred And Income ETF	79	168.85M	Mar 2024	CWB vs NPFI
ICVT	iShares Convertible Bond ETF	76	7.48B	Jun 2015	CWB vs ICVT
PFLD	AAM Low Duration Preferred and Income Securities E...	73	487.73M	Nov 2019	CWB vs PFLD
FPEI	First Trust Institutional Preferred Securities & I...	73	1.92B	Aug 2017	CWB vs FPEI
VRP	Invesco Variable Rate Preferred ETF	73	2.99B	May 2014	CWB vs VRP

Top Performing CWB Alternatives (YTD)

CWB is at 17.27% YTD. There are 2 ETFs in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 18.95%.

Symbol	Name	YTD Return	AUM	Inception
ICVT	iShares Convertible Bond ETF	18.95%	7.48B	Jun 2015	CWB vs ICVT
FCVT	First Trust SSI Strategic Convertible Securities E...	18.52%	116.40M	Nov 2015	CWB vs FCVT
SPFF	Global X SuperIncome Preferred ETF	3.46%	140.39M	Jul 2012	CWB vs SPFF
CSPF	Cohen & Steers Preferred and Income Opportunities ...	3.14%	65.77M	Feb 2025	CWB vs CSPF
CSSD	Cohen & Steers Short Duration Preferred and Income...	2.92%	17.00M	Dec 2025	CWB vs CSSD

Lowest Volatility Alternatives to CWB

CWB has 15.88% 1-year volatility. There are 26 ETFs in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 2.90%.

Symbol	Name	Volatility 1Y	AUM	Inception
NPFI	Nuveen Preferred And Income ETF	2.90%	168.85M	Mar 2024	CWB vs NPFI
VRP	Invesco Variable Rate Preferred ETF	2.90%	2.99B	May 2014	CWB vs VRP
FPFD	Fidelity Preferred Securities & Income ETF	2.97%	81.24M	Jun 2021	CWB vs FPFD
CSSD	Cohen & Steers Short Duration Preferred and Income...	3.03%	17.00M	Dec 2025	CWB vs CSSD
PREF	Principal Spectrum Preferred Secs Active ETF	3.13%	1.70B	Jul 2017	CWB vs PREF

Lowest Drawdown Alternatives to CWB

CWB has a 1-year max drawdown of -7.52%. There are 22 ETFs in the Preferred Stock/Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -2.11%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
QTPI	North Square RCIM Tax-Advantaged Preferred and Inc...	-2.11%	74.29M	Dec 2024	CWB vs QTPI
PFLD	AAM Low Duration Preferred and Income Securities E...	-2.23%	487.73M	Nov 2019	CWB vs PFLD
FPFD	Fidelity Preferred Securities & Income ETF	-2.75%	81.24M	Jun 2021	CWB vs FPFD
PREF	Principal Spectrum Preferred Secs Active ETF	-2.88%	1.70B	Jul 2017	CWB vs PREF
VRP	Invesco Variable Rate Preferred ETF	-2.89%	2.99B	May 2014	CWB vs VRP

Other ETFs from State Street

The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $783B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	66	10.45%	783.21B	Jan 1993	CWB vs SPY
GLD	SPDR Gold Shares	Gold, Precious Metals	22	-7.36%	132.10B	Nov 2004	CWB vs GLD
XLK	State Street Technology Select Sector SPDR ETF	Technology Equities	63	26.22%	120.59B	Dec 1998	CWB vs XLK
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	48	10.97%	52.75B	Sep 2000	CWB vs SPYG
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ...	S&P 500, Dividend	54	14.99%	7.40B	Oct 2015	CWB vs SPYD
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	50	28.66%	36.33B	Dec 1998	CWB vs XLE
SPYM	State Street SPDR Portfolio S&P 500 ETF	S&P 500	66	10.50%	158.31B	Nov 2005	CWB vs SPYM
GLDM	SPDR Gold MiniShares Trust	Gold, Precious Metals	23	-7.26%	27.70B	Jun 2018	CWB vs GLDM
XLU	State Street Utilities Select Sector SPDR ETF	Utilities Equities	31	8.54%	23.51B	Dec 1998	CWB vs XLU
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	Government Bonds, Ultrashort Bond	100	1.88%	46.75B	May 2007	CWB vs BIL

Often Compared With CWB

Investors most often compare CWB with PFF, ANGL, BGT. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	15	0.49%	13.39B	Mar 2007	CWB vs PFF
ANGL	VanEck Fallen Angel High Yield Bond ETF	High Yield Bonds	52	1.90%	3.10B	Apr 2012	CWB vs ANGL
BGT	BlackRock Floating Rate Income Trust	Bank Loan	2	0.45%	—	Aug 2004	CWB vs BGT
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	86	20.66%	98.55B	Oct 2011	CWB vs SCHD
VCLT	Vanguard Long-Term Corporate Bond ETF	Corporate Bonds	18	-1.10%	9.20B	Nov 2009	CWB vs VCLT
VCIT	Vanguard Intermediate-Term Corporate Bond ETF	Corporate Bonds	34	-0.41%	68.70B	Nov 2009	CWB vs VCIT
IVV	iShares Core S&P 500 ETF	S&P 500	66	10.46%	894.38B	May 2000	CWB vs IVV
IHY	VanEck Vectors International High Yield Bond ETF	High Yield Bonds	24	0.51%	43.27M	Apr 2012	CWB vs IHY
ZPRC.DE	SPDR Refinitiv Global Convertible Bond UCITS ETF	Convertible Bonds	92	17.05%	—	Oct 2014	CWB vs ZPRC.DE
VXUS	Vanguard Total International Stock ETF	Global Equities	56	11.67%	652.30B	Jan 2011	CWB vs VXUS
CCD	Calamos Dynamic Convertible and Income Fund		91	28.53%	—	—	CWB vs CCD
VCSH	Vanguard Short-Term Corporate Bond ETF	Corporate Bonds	76	0.58%	50.50B	Nov 2009	CWB vs VCSH
XGLE.L	Xtrackers Eurozone Government Bond UCITS ETF 1C	European Government Bonds	11	-0.10%	3.02B	May 2007	CWB vs XGLE.L
MNDO	MIND C.T.I. Ltd		13	-10.43%	—	—	CWB vs MNDO
JNKS.L	SPDR Bloomberg SASB U.S. High Yield Corporate ESG ...	High Yield Bonds	37	2.27%	237.98M	Sep 2013	CWB vs JNKS.L
CCEF	Calamos CEF Income & Arbitrage ETF	Dividend	57	6.89%	33.40M	Jan 2024	CWB vs CCEF
XLIQ.DE	Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF	European Corporate Bonds	—	—	—	Nov 2012	CWB vs XLIQ.DE
IUS6.DE	iShares Euro Covered Bond UCITS ETF	European Corporate Bonds	14	0.27%	—	Aug 2008	CWB vs IUS6.DE
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds	34	1.63%	2.45B	May 2018	CWB vs PFFA
QQQ	Invesco QQQ ETF	Nasdaq-100	58	16.13%	481.14B	Mar 1999	CWB vs QQQ

Compare CWB with Any Fund or Stock

Compare CWB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair CWB with funds that move differently

SPDR Bloomberg Barclays Convertible Securities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CWB.

Explore CWB Diversifiers

SPDR Bloomberg Barclays Convertible Securities ETF (CWB) Alternatives