ICVT vs. ECF
Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and Ellsworth Growth and Income Fund Ltd. (ECF).
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.
Performance
ICVT vs. ECF - Performance Comparison
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ICVT vs. ECF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 3.58% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
ECF Ellsworth Growth and Income Fund Ltd. | -2.53% | 30.03% | 27.48% | 8.01% | -31.63% | -0.79% | 31.72% | 47.17% | -3.70% | 19.51% |
Returns By Period
In the year-to-date period, ICVT achieves a 3.58% return, which is significantly higher than ECF's -2.53% return. Over the past 10 years, ICVT has outperformed ECF with an annualized return of 12.24%, while ECF has yielded a comparatively lower 11.60% annualized return.
ICVT
- 1D
- 2.66%
- 1M
- -2.73%
- YTD
- 3.58%
- 6M
- 2.56%
- 1Y
- 23.90%
- 3Y*
- 14.18%
- 5Y*
- 3.55%
- 10Y*
- 12.24%
ECF
- 1D
- 3.43%
- 1M
- -3.36%
- YTD
- -2.53%
- 6M
- 1.33%
- 1Y
- 33.40%
- 3Y*
- 19.10%
- 5Y*
- 3.62%
- 10Y*
- 11.60%
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Return for Risk
ICVT vs. ECF — Risk / Return Rank
ICVT
ECF
ICVT vs. ECF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and Ellsworth Growth and Income Fund Ltd. (ECF). 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.
| ICVT | ECF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.74 | -0.03 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.21 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.52 | +0.58 |
Martin ratioReturn relative to average drawdown | 10.57 | 8.46 | +2.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICVT | ECF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.74 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.21 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.54 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.34 | +0.33 |
Correlation
The correlation between ICVT and ECF is 0.56, 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.
Dividends
ICVT vs. ECF - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.62%, less than ECF's 8.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 1.62% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
ECF Ellsworth Growth and Income Fund Ltd. | 8.25% | 7.39% | 5.47% | 6.44% | 6.52% | 12.14% | 9.59% | 6.63% | 5.82% | 4.68% | 5.32% | 10.22% |
Drawdowns
ICVT vs. ECF - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, smaller than the maximum ECF drawdown of -49.86%. Use the drawdown chart below to compare losses from any high point for ICVT and ECF.
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Drawdown Indicators
| ICVT | ECF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -49.86% | +16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -13.16% | +5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | -42.58% | +12.63% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -47.28% | +14.03% |
Current DrawdownCurrent decline from peak | -3.67% | -10.18% | +6.51% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -10.19% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.91% | -1.70% |
Volatility
ICVT vs. ECF - Volatility Comparison
The current volatility for iShares Convertible Bond ETF (ICVT) is 6.74%, while Ellsworth Growth and Income Fund Ltd. (ECF) has a volatility of 8.38%. This indicates that ICVT experiences smaller price fluctuations and is considered to be less risky than ECF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICVT | ECF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 8.38% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 14.89% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 19.26% | -5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 17.59% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 21.63% | -6.09% |