FSBW vs. ICVT
FSBW (FS Bancorp, Inc.) is a stock, while ICVT (iShares Convertible Bond ETF) is Convertible Bonds fund tracking the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index. Over the past 10 years, FSBW returned 14.59%/yr vs 12.80%/yr for ICVT. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
FSBW vs. ICVT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSBW achieves a 5.67% return, which is significantly lower than ICVT's 15.73% return. Over the past 10 years, FSBW has outperformed ICVT with an annualized return of 14.59%, while ICVT has yielded a comparatively lower 12.80% annualized return.
FSBW
- 1D
- 0.14%
- 1M
- -2.30%
- 6M
- 3.63%
- YTD
- 5.67%
- 1Y
- 17.32%
- 3Y*
- 15.35%
- 5Y*
- 7.30%
- 10Y*
- 14.59%
- ALL TIME*
- 18.44%
ICVT
- 1D
- -0.13%
- 1M
- -3.58%
- 6M
- 10.12%
- YTD
- 15.73%
- 1Y
- 25.68%
- 3Y*
- 15.44%
- 5Y*
- 5.74%
- 10Y*
- 12.80%
- ALL TIME*
- 11.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FSBW FS Bancorp, Inc. | $984.16K | $850.61K | $733.86K |
| $56.37M | $69.08M | $90.45M |
FSBW vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSBW FS Bancorp, Inc. | 5.67% | 3.75% | 14.30% | 14.11% | 2.42% | 24.78% | -12.42% | 50.66% | -20.65% | 53.26% |
ICVT iShares Convertible Bond ETF | 15.73% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
Correlation
The correlation between FSBW and ICVT is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.18 |
The correlation between FSBW and ICVT shifts across timeframes, from -0.02 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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
FSBW vs. ICVT — Risk / Return Rank
FSBW
ICVT
FSBW vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Bancorp, Inc. (FSBW) 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.
| FSBW | ICVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.08 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.17 | 7.79 | -5.62 |
Loading charts...
Drawdowns
FSBW vs. ICVT - Drawdown Comparison
The maximum FSBW drawdown since its inception was -53.96%, which is greater than ICVT's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for FSBW and ICVT.
Loading charts...
Drawdown Indicators
| FSBW | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -33.25% | -20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -15.02% | -11.65% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -11.65% | -14.44% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -29.95% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -53.96% | -33.25% | -20.71% |
Current DrawdownCurrent decline from peak | -7.79% | -8.79% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -9.43% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 3.11% | +3.15% |
Volatility
FSBW vs. ICVT - Volatility Comparison
FS Bancorp, Inc. (FSBW) has a higher volatility of 7.94% compared to iShares Convertible Bond ETF (ICVT) at 6.39%. This indicates that FSBW'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.
Loading charts...
Volatility by Period
| FSBW | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 6.39% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 14.58% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 17.19% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.35% | 13.78% | +15.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.78% | 15.73% | +18.05% |
Dividends
FSBW vs. ICVT - Dividend Comparison
FSBW's dividend yield for the trailing twelve months is around 3.17%, more than ICVT's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSBW FS Bancorp, Inc. | 3.17% | 3.25% | 2.58% | 2.71% | 2.69% | 1.65% | 1.53% | 1.02% | 1.24% | 0.79% | 1.03% | 1.04% |
ICVT iShares Convertible Bond ETF | 1.29% | 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
FSBW and ICVT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSBW has higher volatility (7.94%) compared to ICVT (6.39%). In terms of maximum drawdown, FSBW dropped -53.96% vs ICVT's -33.25%.
ICVT currently has the higher Sharpe Ratio (1.41 vs 0.49), 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 FSBW 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