iShares Convertible Bond ETF (ICVT) Sharpe Ratio: 1.71

ICVT's Sharpe Ratio of 1.71 indicates that for each unit of volatility, it generates 1.71 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 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.

ICVT Sharpe Ratio Rank

Exceptional

ICVT ranks above 86.1% 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%): 0.46 or lower
Yellow zone (middle 50%): 0.46 to 1.40
Green zone (top 25%): 1.40 or higher
Top 1%: 5.72+
Median: 0.94 — 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 Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
NPFI	Nuveen Preferred And Income ETF	2.08
PQDI	Principal Spectrum Preferred and Income ETF	2.03
FCVT	First Trust SSI Strategic Convertible Securities ETF	1.81
PRFD	PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	1.73
ICVT	iShares Convertible Bond ETF	1.71
PREF	Principal Spectrum Preferred Secs Active ETF	1.69
FPEI	First Trust Institutional Preferred Securities & Income ETF	1.68
JHPI	John Hancock Preferred Income ETF	1.67
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	1.50
FPFD	Fidelity Preferred Securities & Income ETF	1.47

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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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Explore ICVT risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

ICVT Sortino Ratio