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ICVT vs. FPE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ICVT and FPE is 0.44, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

ICVT vs. FPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Convertible Bond ETF (ICVT) and First Trust Preferred Securities & Income ETF (FPE). The values are adjusted to include any dividend payments, if applicable.

60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
114.30%
57.37%
ICVT
FPE

Key characteristics

Sharpe Ratio

ICVT:

1.06

FPE:

1.42

Sortino Ratio

ICVT:

1.52

FPE:

1.99

Omega Ratio

ICVT:

1.19

FPE:

1.31

Calmar Ratio

ICVT:

0.43

FPE:

1.62

Martin Ratio

ICVT:

3.75

FPE:

7.68

Ulcer Index

ICVT:

3.06%

FPE:

1.01%

Daily Std Dev

ICVT:

10.84%

FPE:

5.48%

Max Drawdown

ICVT:

-37.27%

FPE:

-33.35%

Current Drawdown

ICVT:

-17.49%

FPE:

-1.79%

Returns By Period

In the year-to-date period, ICVT achieves a -0.39% return, which is significantly lower than FPE's -0.05% return.


ICVT

YTD

-0.39%

1M

-1.00%

6M

0.97%

1Y

11.83%

5Y*

8.88%

10Y*

N/A

FPE

YTD

-0.05%

1M

-1.18%

6M

-0.71%

1Y

8.01%

5Y*

5.08%

10Y*

4.63%

*Annualized

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ICVT vs. FPE - Expense Ratio Comparison

ICVT has a 0.20% expense ratio, which is lower than FPE's 0.85% expense ratio.


Expense ratio chart for FPE: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FPE: 0.85%
Expense ratio chart for ICVT: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ICVT: 0.20%

Risk-Adjusted Performance

ICVT vs. FPE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ICVT
The Risk-Adjusted Performance Rank of ICVT is 7575
Overall Rank
The Sharpe Ratio Rank of ICVT is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of ICVT is 8080
Sortino Ratio Rank
The Omega Ratio Rank of ICVT is 7878
Omega Ratio Rank
The Calmar Ratio Rank of ICVT is 5555
Calmar Ratio Rank
The Martin Ratio Rank of ICVT is 7979
Martin Ratio Rank

FPE
The Risk-Adjusted Performance Rank of FPE is 8989
Overall Rank
The Sharpe Ratio Rank of FPE is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of FPE is 8888
Sortino Ratio Rank
The Omega Ratio Rank of FPE is 9090
Omega Ratio Rank
The Calmar Ratio Rank of FPE is 9090
Calmar Ratio Rank
The Martin Ratio Rank of FPE is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ICVT vs. FPE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and First Trust Preferred Securities & Income ETF (FPE). 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.


The chart of Sharpe ratio for ICVT, currently valued at 1.06, compared to the broader market-1.000.001.002.003.004.00
ICVT: 1.06
FPE: 1.42
The chart of Sortino ratio for ICVT, currently valued at 1.52, compared to the broader market-2.000.002.004.006.008.00
ICVT: 1.52
FPE: 1.99
The chart of Omega ratio for ICVT, currently valued at 1.19, compared to the broader market0.501.001.502.002.50
ICVT: 1.19
FPE: 1.31
The chart of Calmar ratio for ICVT, currently valued at 0.43, compared to the broader market0.002.004.006.008.0010.0012.00
ICVT: 0.43
FPE: 1.62
The chart of Martin ratio for ICVT, currently valued at 3.75, compared to the broader market0.0020.0040.0060.00
ICVT: 3.75
FPE: 7.68

The current ICVT Sharpe Ratio is 1.06, which is comparable to the FPE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of ICVT and FPE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00NovemberDecember2025FebruaryMarchApril
1.06
1.42
ICVT
FPE

Dividends

ICVT vs. FPE - Dividend Comparison

ICVT's dividend yield for the trailing twelve months is around 2.27%, less than FPE's 5.90% yield.


TTM20242023202220212020201920182017201620152014
ICVT
iShares Convertible Bond ETF
2.27%2.19%1.85%1.93%1.14%1.13%1.86%4.82%2.56%3.06%1.57%0.00%
FPE
First Trust Preferred Securities & Income ETF
5.90%5.68%6.03%5.67%4.48%4.88%5.32%6.14%5.39%5.97%5.49%6.00%

Drawdowns

ICVT vs. FPE - Drawdown Comparison

The maximum ICVT drawdown since its inception was -37.27%, which is greater than FPE's maximum drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for ICVT and FPE. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-17.49%
-1.79%
ICVT
FPE

Volatility

ICVT vs. FPE - Volatility Comparison

iShares Convertible Bond ETF (ICVT) has a higher volatility of 6.10% compared to First Trust Preferred Securities & Income ETF (FPE) at 3.80%. This indicates that ICVT's price experiences larger fluctuations and is considered to be riskier than FPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
6.10%
3.80%
ICVT
FPE