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iShares Convertible Bond ETF (ICVT) Sharpe Ratio: 2.57

ETF · Currency in USD · Last updated Jun 24, 2026

iShares Convertible Bond ETF (ICVT) seeks to track the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index, an index of U.S. dollar-denominated cash-pay convertible bonds with outstanding issue size greater than $250 million. The fund offers exposure to hybrid securities with both fixed-income and equity-linked characteristics.

ICVT's Sharpe Ratio of 2.57 indicates that for each unit of volatility, it generates 2.57 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ICVT Sharpe Ratio Rank

ICVT Sharpe Ratio Rank: 83.984
Exceptional

ICVT ranks above 83.9% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

ICVT Sharpe Ratio Market Positioning

The chart shows ICVT's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 7.02+
  • Median: 1.58 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares Convertible Bond ETF's Sharpe Ratio with other ETFs in the Preferred Stock/Convertible Bonds category across multiple time periods, showing how ICVT's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ICVTiShares Convertible Bond ETF2.57
FCVTFirst Trust SSI Strategic Convertible Securities ETF2.57
NPFINuveen Preferred And Income ETF2.43
CWBSPDR Bloomberg Barclays Convertible Securities ETF2.37
PRFDPIMCO Preferred And Capital Securities Active Exchange-Traded Fund2.24
VRPInvesco Variable Rate Preferred ETF2.17
FPEIFirst Trust Institutional Preferred Securities & Income ETF2.12
JHPIJohn Hancock Preferred Income ETF2.09
CSPFCohen & Steers Preferred and Income Opportunities Active ETF2.03
PQDIPrincipal Spectrum Preferred and Income ETF1.97

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ICVT's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ICVT consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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