iShares Convertible Bond ETF (ICVT)

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 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.

iShares Convertible Bond ETF (ICVT) has returned 3.58% so far this year and 23.90% over the past 12 months. Over the last decade, ICVT has posted an annualized return of 12.24%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Jun 4, 2015, ICVT's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, your investment would double in approximately 6.4 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +14.5%, while the worst month was Mar 2020 at -13.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ICVT closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.0%, while the worst single day was Mar 12, 2020 at -10.2%.

iShares Convertible Bond ETF has an annualized alpha of 3.30%, beta of 0.64, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since June 05, 2015.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (71.86%) than losses (68.91%) — typical of diversified or defensive assets.
• This ETF generated an annualized alpha of 3.30% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.64 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

ICVT has an expense ratio of 0.20%, which is considered low.

ICVT ranks 85 for risk / return — in the top 85% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and compare them to a chosen benchmark (S&P 500 Index).

iShares Convertible Bond ETF provided a 1.62% dividend yield over the last twelve months, with an annual payout of $1.65 per share.

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.

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 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. Recovery took 808 trading sessions.

The current iShares Convertible Bond ETF drawdown is 3.67%.

The chart below shows the rolling one-month volatility.