ICVT vs. FCVT
Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and First Trust SSI Strategic Convertible Securities ETF (FCVT).
ICVT and FCVT 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. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015.
Performance
ICVT vs. FCVT - Performance Comparison
Loading graphics...
ICVT vs. FCVT - 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% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 2.96% | 19.60% | 11.92% | 7.12% | -20.88% | 4.23% | 51.02% | 22.30% | -2.28% | 12.66% |
Returns By Period
In the year-to-date period, ICVT achieves a 3.58% return, which is significantly higher than FCVT's 2.96% return. Over the past 10 years, ICVT has outperformed FCVT with an annualized return of 12.24%, while FCVT has yielded a comparatively lower 10.49% 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%
FCVT
- 1D
- 2.83%
- 1M
- -3.42%
- YTD
- 2.96%
- 6M
- 3.95%
- 1Y
- 28.88%
- 3Y*
- 13.46%
- 5Y*
- 3.16%
- 10Y*
- 10.49%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ICVT vs. FCVT - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than FCVT's 0.95% expense ratio.
Return for Risk
ICVT vs. FCVT — Risk / Return Rank
ICVT
FCVT
ICVT vs. FCVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and First Trust SSI Strategic Convertible Securities ETF (FCVT). 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 | FCVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.81 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.38 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.37 | -0.27 |
Martin ratioReturn relative to average drawdown | 10.57 | 11.45 | -0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ICVT | FCVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.81 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.23 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.62 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.57 | +0.10 |
Correlation
The correlation between ICVT and FCVT is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ICVT vs. FCVT - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.62%, less than FCVT's 1.65% 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% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.65% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
Drawdowns
ICVT vs. FCVT - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, roughly equal to the maximum FCVT drawdown of -31.79%. Use the drawdown chart below to compare losses from any high point for ICVT and FCVT.
Loading graphics...
Drawdown Indicators
| ICVT | FCVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -31.79% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -8.47% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | -30.43% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -31.79% | -1.46% |
Current DrawdownCurrent decline from peak | -3.67% | -5.88% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -10.52% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.49% | -0.28% |
Volatility
ICVT vs. FCVT - Volatility Comparison
The current volatility for iShares Convertible Bond ETF (ICVT) is 6.74%, while First Trust SSI Strategic Convertible Securities ETF (FCVT) has a volatility of 7.16%. This indicates that ICVT experiences smaller price fluctuations and is considered to be less risky than FCVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ICVT | FCVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 7.16% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 12.93% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 16.06% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 13.94% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 16.94% | -1.40% |