ACVT vs. ICVT
ACVT (Advent Convertible Bond ETF) and ICVT (iShares Convertible Bond ETF) are both Convertible Bonds funds. ACVT is actively managed, while ICVT is passively managed. Over the past year, ACVT returned 9.04% vs 27.93% for ICVT. Their 0.57 correlation means they have sometimes moved together and sometimes differently. ACVT charges 0.65%/yr vs 0.20%/yr for ICVT.
Performance
ACVT vs. ICVT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ACVT achieves a 6.12% return, which is significantly lower than ICVT's 17.80% return.
ACVT
- 1D
- 0.31%
- 1M
- -0.18%
- 6M
- 5.24%
- YTD
- 6.12%
- 1Y
- 9.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.55%
ICVT
- 1D
- 1.79%
- 1M
- -1.86%
- 6M
- 11.47%
- YTD
- 17.80%
- 1Y
- 27.93%
- 3Y*
- 16.83%
- 5Y*
- 6.12%
- 10Y*
- 12.94%
- ALL TIME*
- 11.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.70K | $2.25K | $22.89K | |
| $62.95M | $66.48M | $89.93M |
ACVT vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ACVT Advent Convertible Bond ETF | 6.12% | 8.04% |
ICVT iShares Convertible Bond ETF | 17.80% | 17.56% |
Correlation
The correlation between ACVT and ICVT is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.57 |
The correlation between ACVT and ICVT has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ACVT vs. ICVT — Risk / Return Rank
ACVT
ICVT
ACVT vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advent Convertible Bond ETF (ACVT) and iShares Convertible Bond ETF (ICVT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACVT | ICVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.41 | -0.57 |
| Martin ratioReturn relative to average drawdown | 6.54 | 8.92 | -2.39 |
Loading charts...
Drawdowns
ACVT vs. ICVT - Drawdown Comparison
The maximum ACVT drawdown since its inception was -4.81%, smaller than the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for ACVT and ICVT.
Loading charts...
Drawdown Indicators
| ACVT | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.81% | -33.25% | +28.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -11.65% | +6.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.25% | — |
Current DrawdownCurrent decline from peak | -0.29% | -7.17% | +6.88% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -9.43% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 3.14% | -1.79% |
Volatility
ACVT vs. ICVT - Volatility Comparison
The current volatility for Advent Convertible Bond ETF (ACVT) is 1.72%, while iShares Convertible Bond ETF (ICVT) has a volatility of 6.50%. This indicates that ACVT experiences smaller price fluctuations and is considered to be less risky than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ACVT | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 6.50% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 14.60% | -9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 17.26% | -11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 13.81% | -8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 15.74% | -9.97% |
ACVT vs. ICVT - Expense Ratio Comparison
ACVT has a 0.65% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Dividends
ACVT vs. ICVT - Dividend Comparison
ACVT's dividend yield for the trailing twelve months is around 1.68%, more than ICVT's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACVT Advent Convertible Bond ETF | 1.53% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 1.39% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Frequently Asked Questions
ACVT and ICVT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICVT has higher volatility (6.50%) compared to ACVT (1.72%). In terms of maximum drawdown, ACVT dropped -4.81% vs ICVT's -33.25%.
On 1-year performance, ICVT leads with 27.93% vs 9.04% for ACVT. On fees, ICVT is cheaper at 0.20% per year. On volatility, ACVT has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICVT has performed better with a 27.93% return vs 9.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICVT is cheaper with a 0.20% expense ratio, compared with 0.65% for ACVT.
ACVT has the higher dividend yield at 1.53%, compared with 1.39% for ICVT.
They also come from different issuers: Advent and iShares. Their fees differ too: 0.65% for ACVT and 0.20% for ICVT.
ICVT currently has the higher Sharpe Ratio (1.63 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ACVT and ICVT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer