FCVT vs. ICVT
Compare and contrast key facts about First Trust SSI Strategic Convertible Securities ETF (FCVT) and iShares Convertible Bond ETF (ICVT).
FCVT and ICVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015. ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVT or ICVT.
Correlation
The correlation between FCVT and ICVT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FCVT vs. ICVT - Performance Comparison
Key characteristics
FCVT:
0.59
ICVT:
1.06
FCVT:
0.87
ICVT:
1.52
FCVT:
1.12
ICVT:
1.19
FCVT:
0.29
ICVT:
0.43
FCVT:
1.87
ICVT:
3.75
FCVT:
4.22%
ICVT:
3.06%
FCVT:
13.44%
ICVT:
10.84%
FCVT:
-35.29%
ICVT:
-37.27%
FCVT:
-20.73%
ICVT:
-17.49%
Returns By Period
In the year-to-date period, FCVT achieves a -4.07% return, which is significantly lower than ICVT's -0.39% return.
FCVT
-4.07%
-1.70%
-1.68%
7.75%
7.62%
N/A
ICVT
-0.39%
-1.00%
0.97%
11.83%
8.88%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCVT vs. ICVT - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Risk-Adjusted Performance
FCVT vs. ICVT — Risk-Adjusted Performance Rank
FCVT
ICVT
FCVT vs. ICVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) 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.
Dividends
FCVT vs. ICVT - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.89%, less than ICVT's 2.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.89% | 1.30% | 1.76% | 3.71% | 17.70% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
ICVT iShares Convertible Bond ETF | 2.27% | 2.19% | 1.85% | 1.93% | 1.14% | 1.13% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
FCVT vs. ICVT - Drawdown Comparison
The maximum FCVT drawdown since its inception was -35.29%, smaller than the maximum ICVT drawdown of -37.27%. Use the drawdown chart below to compare losses from any high point for FCVT and ICVT. For additional features, visit the drawdowns tool.
Volatility
FCVT vs. ICVT - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 7.66% compared to iShares Convertible Bond ETF (ICVT) at 6.10%. This indicates that FCVT's price experiences larger fluctuations and is considered to be riskier than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.