First Trust SSI Strategic Convertible Securities ETF (FCVT)
FCVT is an actively managed ETF by First Trust. FCVT launched on Nov 4, 2015 and has a 0.95% expense ratio.
ETF Info
| ISIN | US33739Q5071 |
|---|---|
| CUSIP | 33739Q507 |
| Issuer | First Trust |
| Inception Date | Nov 4, 2015 |
| Region | North America (U.S.) |
| Category | Preferred Stock/Convertible Bonds, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Bond |
Expense Ratio
FCVT has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FCVT vs. ICVT, FCVT vs. CVRT, FCVT vs. FXAIX, FCVT vs. COWZ, FCVT vs. FALN, FCVT vs. ANGL
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust SSI Strategic 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
First Trust SSI Strategic Convertible Securities ETF had a return of 13.39% year-to-date (YTD) and 24.01% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.39% | 25.48% |
| 1 month | 3.38% | 2.14% |
| 6 months | 10.58% | 12.76% |
| 1 year | 24.01% | 33.14% |
| 5 years (annualized) | 9.46% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FCVT, 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 | -1.71% | 1.62% | 2.77% | -3.14% | 2.18% | 0.77% | 0.62% | 2.62% | 2.41% | 0.08% | 13.39% | ||
| 2023 | 3.41% | -1.92% | -0.34% | -1.79% | -0.35% | 4.98% | 2.33% | -3.56% | -3.24% | -5.09% | 7.23% | 6.14% | 7.12% |
| 2022 | -7.84% | 0.16% | 2.56% | -8.12% | -3.46% | -6.98% | 5.29% | 0.62% | -6.41% | 3.04% | 2.33% | -3.10% | -20.88% |
| 2021 | 2.71% | 4.63% | -4.36% | 2.79% | -2.34% | 2.62% | -1.32% | 2.11% | -1.99% | 2.86% | -3.25% | 0.16% | 4.23% |
| 2020 | 2.69% | -3.49% | -12.50% | 12.54% | 6.17% | 4.29% | 8.79% | 8.59% | -3.55% | 0.37% | 13.32% | 7.85% | 51.02% |
| 2019 | 6.73% | 3.61% | 0.30% | 2.63% | -2.89% | 3.87% | 2.30% | -1.69% | -0.67% | 1.67% | 3.49% | 1.34% | 22.31% |
| 2018 | 3.52% | -1.66% | 0.71% | -0.49% | 3.67% | -0.93% | 0.17% | 4.20% | -0.49% | -6.53% | 0.74% | -4.63% | -2.28% |
| 2017 | 1.54% | 1.59% | 0.97% | 1.34% | 1.85% | -0.27% | 2.53% | 0.16% | 1.16% | 1.65% | 0.30% | -0.79% | 12.66% |
| 2016 | -4.56% | -0.06% | 3.40% | 2.09% | -1.51% | 1.82% | 5.73% | 0.58% | 0.54% | -2.90% | 1.57% | 1.40% | 7.97% |
| 2015 | -0.60% | -1.37% | -1.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FCVT is 67, 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 First Trust SSI Strategic Convertible Securities ETF (FCVT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust SSI Strategic Convertible Securities ETF provided a 1.57% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $1.18 | $9.56 | $0.84 | $0.53 | $0.51 | $0.63 | $0.49 | $0.15 |
Dividend yield | 1.57% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust SSI Strategic 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.40 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.15 | $0.59 |
| 2022 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.10 | $0.10 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $1.18 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.15 | $0.15 | $8.84 | $9.56 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.40 | $0.84 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.53 |
| 2018 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.51 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.26 | $0.63 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | $0.49 |
| 2015 | $0.15 | $0.15 |
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 First Trust SSI Strategic 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 First Trust SSI Strategic Convertible Securities ETF was 31.79%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current First Trust SSI Strategic Convertible Securities ETF drawdown is 11.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.79% | Feb 16, 2021 | 681 | Oct 27, 2023 | — | — | — |
| -29.9% | Feb 20, 2020 | 23 | Mar 23, 2020 | 53 | Jun 8, 2020 | 76 |
| -20.09% | Apr 21, 2016 | 3 | May 4, 2016 | 290 | Oct 5, 2017 | 293 |
| -14.24% | Sep 5, 2018 | 77 | Dec 24, 2018 | 59 | Mar 21, 2019 | 136 |
| -12.96% | Nov 20, 2015 | 38 | Feb 12, 2016 | 17 | Apr 20, 2016 | 55 |
Volatility
Volatility Chart
The current First Trust SSI Strategic Convertible Securities ETF volatility is 3.16%, 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.