GTPE vs. ICVT
GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and ICVT (iShares Convertible Bond ETF) are both exchange-traded funds - GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index, while ICVT is a Preferred Stock/Convertible Bonds fund tracking the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. GTPE charges 0.50%/yr vs 0.20%/yr for ICVT.
Performance
GTPE vs. ICVT - Performance Comparison
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Returns By Period
In the year-to-date period, GTPE achieves a 18.27% return, which is significantly lower than ICVT's 20.52% return.
GTPE
- 1D
- 0.03%
- 1M
- 1.77%
- 6M
- 15.75%
- YTD
- 18.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICVT
- 1D
- -0.54%
- 1M
- -0.10%
- 6M
- 16.79%
- YTD
- 20.52%
- 1Y
- 31.84%
- 3Y*
- 17.59%
- 5Y*
- 6.33%
- 10Y*
- 13.39%
GTPE vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF | 18.27% | 2.96% |
ICVT iShares Convertible Bond ETF | 20.52% | -1.45% |
Correlation
The correlation between GTPE and ICVT is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | 0.77 |
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Return for Risk
GTPE vs. ICVT — Risk / Return Rank
GTPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICVT
GTPE vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) 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.
| GTPE | ICVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.22 | — |
| Martin ratioReturn relative to average drawdown | — | 13.18 | — |
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Drawdowns
GTPE vs. ICVT - Drawdown Comparison
The maximum GTPE drawdown since its inception was -8.91%, smaller than the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for GTPE and ICVT.
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Drawdown Indicators
| GTPE | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -33.25% | +24.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.22% | — |
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 | -1.39% | -5.02% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -9.44% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.41% | — |
Volatility
GTPE vs. ICVT - Volatility Comparison
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Volatility by Period
| GTPE | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 16.24% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 13.63% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 15.65% | +2.39% |
GTPE vs. ICVT - Expense Ratio Comparison
GTPE has a 0.50% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Dividends
GTPE vs. ICVT - Dividend Comparison
GTPE has not paid dividends to shareholders, while ICVT's dividend yield for the trailing twelve months is around 1.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF | 0.00% | 0.00% | 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 | 1.33% | 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
GTPE and ICVT have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICVT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICVT is cheaper with a 0.20% expense ratio, compared with 0.50% for GTPE.
ICVT has the higher dividend yield at 1.33%, compared with 0.00% for GTPE.
GTPE is categorized as Global Equities, while ICVT is Preferred Stock/Convertible Bonds. GTPE tracks MSCI World Private Equity Return Tracker Index, while ICVT tracks Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.50% for GTPE and 0.20% for ICVT.
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