ICVT vs. IPPP
ICVT (iShares Convertible Bond ETF) and IPPP (Preferred-Plus ETF) are both Preferred Stock/Convertible Bonds funds. ICVT is passively managed, while IPPP is actively managed. ICVT charges 0.20%/yr vs 1.27%/yr for IPPP.
Performance
ICVT vs. IPPP - Performance Comparison
Loading charts...
Returns By Period
ICVT
- 1D
- -0.97%
- 1M
- 7.16%
- YTD
- 25.28%
- 6M
- 24.31%
- 1Y
- 42.20%
- 3Y*
- 21.04%
- 5Y*
- 7.79%
- 10Y*
- 13.99%
IPPP
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICVT vs. IPPP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ICVT iShares Convertible Bond ETF | 18.07% |
IPPP Preferred-Plus ETF | 0.00% |
ICVT vs. IPPP - Sectors Allocation Comparison
Sectors
ICVT
IPPP
Technology
-
Healthcare
-
Consumer Cyclical
-
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
Technology
ICVT
IPPP
-
Healthcare
ICVT
IPPP
-
Consumer Cyclical
ICVT
IPPP
-
Basic Materials
ICVT
-
IPPP
-
Communication Services
ICVT
-
IPPP
-
Consumer Defensive
ICVT
-
IPPP
-
Energy
ICVT
-
IPPP
-
Financial Services
ICVT
-
IPPP
-
Industrials
ICVT
-
IPPP
-
Real Estate
ICVT
-
IPPP
-
Utilities
ICVT
-
IPPP
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ICVT vs. IPPP — Risk / Return Rank
ICVT
IPPP
ICVT vs. IPPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and Preferred-Plus ETF (IPPP). 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 | IPPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.52 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.62 | — | — |
| Martin ratioReturn relative to average drawdown | 20.48 | — | — |
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 charts...
Sharpe Ratios by Period
| ICVT | IPPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | — | — |
Drawdowns
ICVT vs. IPPP - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, which is greater than IPPP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ICVT and IPPP.
Loading charts...
Drawdown Indicators
| ICVT | IPPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | 0.00% | -33.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -9.50% | 0.00% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | — | — |
Volatility
ICVT vs. IPPP - Volatility Comparison
Loading charts...
Volatility by Period
| ICVT | IPPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 0.00% | +14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 0.00% | +13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 0.00% | +15.50% |
ICVT vs. IPPP - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than IPPP's 1.27% expense ratio.
Dividends
ICVT vs. IPPP - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.30%, while IPPP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 1.30% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
IPPP Preferred-Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
On fees, ICVT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICVT is cheaper with a 0.20% expense ratio, compared with 1.27% for IPPP.
ICVT has the higher dividend yield at 1.30%, compared with 0.00% for IPPP.
They also come from different issuers: iShares and Innovative Portfolios. Their fees differ too: 0.20% for ICVT and 1.27% for IPPP.
Find the right allocation for ICVT and IPPP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer