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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICVT or FCVT.
Key characteristics
| ICVT | FCVT | |
|---|---|---|
| YTD Return | 12.67% | 13.66% |
| 1Y Return | 23.75% | 26.28% |
| 3Y Return (Ann) | -1.74% | -2.88% |
| 5Y Return (Ann) | 11.60% | 9.68% |
| Sharpe Ratio | 2.85 | 2.60 |
| Sortino Ratio | 4.06 | 3.60 |
| Omega Ratio | 1.53 | 1.48 |
| Calmar Ratio | 0.87 | 0.87 |
| Martin Ratio | 15.51 | 14.88 |
| Ulcer Index | 1.55% | 1.75% |
| Daily Std Dev | 8.41% | 10.00% |
| Max Drawdown | -33.25% | -31.79% |
| Current Drawdown | -10.22% | -11.54% |
Correlation
The correlation between ICVT and FCVT is 0.75, 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.
Performance
ICVT vs. FCVT - Performance Comparison
In the year-to-date period, ICVT achieves a 12.67% return, which is significantly lower than FCVT's 13.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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.
Risk-Adjusted Performance
ICVT vs. FCVT - Risk-Adjusted Performance 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.
Dividends
ICVT vs. FCVT - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 2.25%, more than FCVT's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 2.25% | 1.84% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.57% | 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. For additional features, visit the drawdowns tool.
Volatility
ICVT vs. FCVT - Volatility Comparison
The current volatility for iShares Convertible Bond ETF (ICVT) is 2.49%, while First Trust SSI Strategic Convertible Securities ETF (FCVT) has a volatility of 3.15%. 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.