iShares Convertible Bond ETF (ICVT)
ICVT is a passive ETF by iShares tracking the investment results of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. ICVT launched on Jun 2, 2015 and has a 0.20% expense ratio.
ETF Info
| ISIN | US46435G1022 |
|---|---|
| CUSIP | 46435G102 |
| Issuer | iShares |
| Inception Date | Jun 2, 2015 |
| Region | North America (U.S.) |
| Category | Preferred Stock/Convertible Bonds |
| Leveraged | 1x |
| Index Tracked | Barclays U.S. Convertible Cash Pay Bond > $250MM Index |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
ICVT has an expense ratio of 0.20%, which is considered low compared to other funds.
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: ICVT vs. CWB, ICVT vs. FCVT, ICVT vs. FPE, ICVT vs. LKOR, ICVT vs. SPY, ICVT vs. QQQ, ICVT vs. SGOV, ICVT vs. EMB, ICVT vs. STIP, ICVT vs. FUTY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Convertible Bond 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
iShares Convertible Bond ETF had a return of 12.67% year-to-date (YTD) and 23.75% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.67% | 25.45% |
| 1 month | 3.28% | 2.91% |
| 6 months | 11.86% | 14.05% |
| 1 year | 23.75% | 35.64% |
| 5 years (annualized) | 11.60% | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of ICVT, 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 | -1.37% | 1.01% | 2.29% | -3.33% | 1.81% | 0.63% | 2.33% | 1.42% | 3.12% | 0.53% | 12.67% | ||
| 2023 | 6.10% | -0.89% | -0.31% | -1.63% | 1.54% | 5.57% | 3.03% | -3.33% | -2.08% | -4.33% | 5.11% | 6.40% | 15.35% |
| 2022 | -7.23% | 0.47% | 0.39% | -7.41% | -4.35% | -5.75% | 4.70% | 1.29% | -5.84% | 2.59% | 1.83% | -2.62% | -20.66% |
| 2021 | 3.40% | 4.12% | -5.40% | 2.51% | -2.20% | 3.74% | -1.88% | 1.97% | -2.08% | 2.75% | -5.08% | -1.88% | -0.66% |
| 2020 | 2.73% | -1.84% | -13.81% | 12.93% | 7.26% | 8.17% | 7.40% | 10.24% | -3.63% | 0.32% | 14.45% | 7.93% | 61.00% |
| 2019 | 6.70% | 4.10% | -0.37% | 2.95% | -4.44% | 4.81% | 2.02% | -2.49% | -1.44% | 1.94% | 3.74% | 2.90% | 21.76% |
| 2018 | 3.61% | -1.12% | 0.05% | -0.29% | 3.73% | -0.45% | 0.39% | 3.82% | -0.11% | -6.71% | 1.41% | -4.06% | -0.27% |
| 2017 | 3.52% | 1.75% | 0.79% | 1.17% | 1.69% | -0.09% | 2.54% | 0.20% | 1.90% | 1.44% | 0.25% | 0.16% | 16.38% |
| 2016 | -10.15% | 3.08% | 4.49% | 0.41% | 3.09% | -2.44% | 7.62% | 0.11% | 0.51% | 0.15% | 3.19% | 0.33% | 9.74% |
| 2015 | -2.12% | -1.38% | -3.73% | -2.49% | 5.17% | -0.89% | -0.51% | -6.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ICVT is 70, 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 iShares Convertible Bond ETF (ICVT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Convertible Bond ETF provided a 2.25% dividend yield over the last twelve months, with an annual payout of $1.96 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.96 | $1.45 | $1.34 | $6.87 | $3.84 | $1.16 | $2.53 | $1.41 | $1.49 | $0.72 |
Dividend yield | 2.25% | 1.84% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Convertible Bond 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 | $0.12 | $0.13 | $0.14 | $0.14 | $0.15 | $0.16 | $0.15 | $0.15 | $0.15 | $0.14 | $1.43 | |
| 2023 | $0.00 | $0.14 | $0.06 | $0.07 | $0.06 | $0.08 | $0.08 | $0.09 | $0.10 | $0.12 | $0.12 | $0.53 | $1.45 |
| 2022 | $0.00 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.12 | $0.14 | $0.11 | $0.11 | $0.12 | $0.40 | $1.34 |
| 2021 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $6.27 | $6.87 |
| 2020 | $0.00 | $0.09 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $3.12 | $3.84 |
| 2019 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.38 | $1.16 |
| 2018 | $0.00 | $0.08 | $0.10 | $0.11 | $0.09 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $1.71 | $2.53 |
| 2017 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.11 | $0.10 | $0.11 | $0.11 | $0.09 | $0.49 | $1.41 |
| 2016 | $0.00 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.15 | $0.22 | $0.24 | $0.19 | $0.08 | $0.30 | $1.49 |
| 2015 | $0.05 | $0.06 | $0.06 | $0.07 | $0.07 | $0.42 | $0.72 |
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 iShares Convertible Bond 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 iShares Convertible Bond ETF was 33.25%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current iShares Convertible Bond ETF drawdown is 10.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.25% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -32.18% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -18.52% | Jun 24, 2015 | 87 | Feb 8, 2016 | 125 | Oct 10, 2016 | 212 |
| -13.81% | Aug 30, 2018 | 80 | Dec 24, 2018 | 41 | Feb 25, 2019 | 121 |
| -8.63% | Sep 2, 2020 | 4 | Sep 8, 2020 | 23 | Oct 9, 2020 | 27 |
Volatility
Volatility Chart
The current iShares Convertible Bond 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.