ICVT vs. EMB
Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
ICVT and EMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. Both ICVT and EMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICVT or EMB.
Key characteristics
| ICVT | EMB | |
|---|---|---|
| YTD Return | 11.61% | 7.20% |
| 1Y Return | 22.30% | 15.57% |
| 3Y Return (Ann) | -2.28% | -1.46% |
| 5Y Return (Ann) | 11.44% | 0.43% |
| Sharpe Ratio | 2.60 | 2.02 |
| Sortino Ratio | 3.69 | 2.95 |
| Omega Ratio | 1.47 | 1.36 |
| Calmar Ratio | 0.78 | 0.80 |
| Martin Ratio | 14.11 | 11.58 |
| Ulcer Index | 1.55% | 1.36% |
| Daily Std Dev | 8.39% | 7.81% |
| Max Drawdown | -33.25% | -34.70% |
| Current Drawdown | -11.07% | -6.10% |
Correlation
The correlation between ICVT and EMB is 0.40, 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
ICVT vs. EMB - Performance Comparison
In the year-to-date period, ICVT achieves a 11.61% return, which is significantly higher than EMB's 7.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ICVT vs. EMB - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than EMB's 0.39% expense ratio.
Risk-Adjusted Performance
ICVT vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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
ICVT vs. EMB - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 2.27%, less than EMB's 4.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 2.27% | 1.84% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% | 0.00% | 0.00% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.90% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% | 4.75% |
Drawdowns
ICVT vs. EMB - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, roughly equal to the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for ICVT and EMB. For additional features, visit the drawdowns tool.
Volatility
ICVT vs. EMB - Volatility Comparison
iShares Convertible Bond ETF (ICVT) has a higher volatility of 2.31% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 2.09%. This indicates that ICVT's price experiences larger fluctuations and is considered to be riskier than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.