ICVT vs. WMT
ICVT (iShares Convertible Bond ETF) is Preferred Stock/Convertible Bonds fund tracking the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index, while WMT (Walmart Inc.) is a stock. Over the past 10 years, ICVT returned 14.18%/yr vs 19.44%/yr for WMT. At a 0.17 correlation, their price movements are largely independent.
Performance
ICVT vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, ICVT achieves a 24.42% return, which is significantly higher than WMT's 7.61% return. Over the past 10 years, ICVT has underperformed WMT with an annualized return of 14.18%, while WMT has yielded a comparatively higher 19.44% annualized return.
ICVT
- 1D
- -1.95%
- 1M
- 3.04%
- YTD
- 24.42%
- 6M
- 22.70%
- 1Y
- 40.17%
- 3Y*
- 20.04%
- 5Y*
- 6.76%
- 10Y*
- 14.18%
WMT
- 1D
- 1.91%
- 1M
- -0.71%
- YTD
- 7.61%
- 6M
- 8.11%
- 1Y
- 23.04%
- 3Y*
- 33.53%
- 5Y*
- 22.77%
- 10Y*
- 19.44%
ICVT vs. WMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 24.42% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
WMT Walmart Inc. | 7.61% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between ICVT and WMT is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.17 |
The correlation between ICVT and WMT shifts across timeframes, from -0.10 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ICVT vs. WMT — Risk / Return Rank
ICVT
WMT
ICVT vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and Walmart Inc. (WMT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICVT | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.19 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | 1.47 | +3.88 |
| Martin ratioReturn relative to average drawdown | 18.22 | 4.40 | +13.82 |
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Drawdowns
ICVT vs. WMT - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for ICVT and WMT.
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Drawdown Indicators
| ICVT | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -77.14% | +43.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -15.75% | +8.20% |
Max Drawdown (3Y)Largest decline over 3 years | -11.22% | -21.93% | +10.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | -25.74% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -25.74% | -7.51% |
Current DrawdownCurrent decline from peak | -1.95% | -11.01% | +9.06% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -14.63% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 5.25% | -3.04% |
Volatility
ICVT vs. WMT - Volatility Comparison
iShares Convertible Bond ETF (ICVT) has a higher volatility of 7.08% compared to Walmart Inc. (WMT) at 6.40%. This indicates that ICVT's price experiences larger fluctuations and is considered to be riskier than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICVT | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 6.40% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 18.56% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 23.82% | -8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 21.70% | -8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 21.76% | -6.15% |
Dividends
ICVT vs. WMT - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.30%, more than WMT's 0.81% yield.
| 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% |
WMT Walmart Inc. | 0.81% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Frequently Asked Questions
ICVT and WMT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICVT has higher volatility (7.08%) compared to WMT (6.40%). In terms of maximum drawdown, ICVT dropped -33.25% vs WMT's -77.14%.
ICVT currently has the higher Sharpe Ratio (2.57 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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