ICVT vs. SCMBX
Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and DWS Managed Municipal Bond Fund (SCMBX).
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. SCMBX is managed by BlackRock. It was launched on Oct 13, 1976.
Performance
ICVT vs. SCMBX - Performance Comparison
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ICVT vs. SCMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 4.76% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
SCMBX DWS Managed Municipal Bond Fund | 0.04% | 3.21% | 2.52% | 6.64% | -12.83% | 2.09% | 4.72% | 8.93% | 0.21% | 5.58% |
Returns By Period
In the year-to-date period, ICVT achieves a 4.76% return, which is significantly higher than SCMBX's 0.04% return. Over the past 10 years, ICVT has outperformed SCMBX with an annualized return of 12.37%, while SCMBX has yielded a comparatively lower 1.79% annualized return.
ICVT
- 1D
- 1.14%
- 1M
- -2.51%
- YTD
- 4.76%
- 6M
- 2.81%
- 1Y
- 24.91%
- 3Y*
- 14.62%
- 5Y*
- 3.78%
- 10Y*
- 12.37%
SCMBX
- 1D
- 0.38%
- 1M
- -1.76%
- YTD
- 0.04%
- 6M
- 1.33%
- 1Y
- 3.84%
- 3Y*
- 3.08%
- 5Y*
- 0.18%
- 10Y*
- 1.79%
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ICVT vs. SCMBX - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than SCMBX's 0.54% expense ratio.
Return for Risk
ICVT vs. SCMBX — Risk / Return Rank
ICVT
SCMBX
ICVT vs. SCMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and DWS Managed Municipal Bond Fund (SCMBX). 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 | SCMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.81 | +0.97 |
Sortino ratioReturn per unit of downside risk | 2.41 | 1.10 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.36 | 0.94 | +2.42 |
Martin ratioReturn relative to average drawdown | 11.42 | 3.03 | +8.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICVT | SCMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.81 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.04 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.42 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.27 | -0.59 |
Correlation
The correlation between ICVT and SCMBX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ICVT vs. SCMBX - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.59%, less than SCMBX's 4.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 1.59% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
SCMBX DWS Managed Municipal Bond Fund | 4.87% | 4.46% | 3.49% | 2.64% | 2.36% | 3.27% | 3.57% | 4.32% | 3.42% | 3.31% | 3.87% | 3.99% |
Drawdowns
ICVT vs. SCMBX - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, which is greater than SCMBX's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for ICVT and SCMBX.
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Drawdown Indicators
| ICVT | SCMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -18.17% | -15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -5.07% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | -18.17% | -11.78% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -18.17% | -15.08% |
Current DrawdownCurrent decline from peak | -2.57% | -2.13% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -2.23% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.57% | +0.65% |
Volatility
ICVT vs. SCMBX - Volatility Comparison
iShares Convertible Bond ETF (ICVT) has a higher volatility of 6.51% compared to DWS Managed Municipal Bond Fund (SCMBX) at 1.33%. This indicates that ICVT's price experiences larger fluctuations and is considered to be riskier than SCMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICVT | SCMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 1.33% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 1.95% | +9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 5.25% | +8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 4.37% | +8.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 4.30% | +11.24% |