QCON vs. ICVT
Compare and contrast key facts about American Century Quality Convertible Securities ETF (QCON) and iShares Convertible Bond ETF (ICVT).
QCON and ICVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QCON is an actively managed fund by American Century Investments. It was launched on Feb 16, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QCON or ICVT.
Key characteristics
| QCON | ICVT | |
|---|---|---|
| YTD Return | 14.66% | 13.03% |
| 1Y Return | 23.83% | 24.39% |
| 3Y Return (Ann) | 0.54% | -1.63% |
| Sharpe Ratio | 3.37 | 2.96 |
| Sortino Ratio | 4.83 | 4.20 |
| Omega Ratio | 1.65 | 1.55 |
| Calmar Ratio | 1.32 | 0.90 |
| Martin Ratio | 23.17 | 16.09 |
| Ulcer Index | 1.06% | 1.55% |
| Daily Std Dev | 7.26% | 8.42% |
| Max Drawdown | -22.46% | -33.25% |
| Current Drawdown | 0.00% | -9.93% |
Correlation
The correlation between QCON and ICVT is 0.90, 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
QCON vs. ICVT - Performance Comparison
In the year-to-date period, QCON achieves a 14.66% return, which is significantly higher than ICVT's 13.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QCON vs. ICVT - Expense Ratio Comparison
QCON has a 0.32% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Risk-Adjusted Performance
QCON vs. ICVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Quality Convertible Securities ETF (QCON) and iShares Convertible Bond ETF (ICVT). 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
QCON vs. ICVT - Dividend Comparison
QCON's dividend yield for the trailing twelve months is around 2.66%, more than ICVT's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
QCON American Century Quality Convertible Securities ETF | 2.66% | 2.24% | 3.08% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 2.24% | 1.84% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
QCON vs. ICVT - Drawdown Comparison
The maximum QCON drawdown since its inception was -22.46%, smaller than the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for QCON and ICVT. For additional features, visit the drawdowns tool.
Volatility
QCON vs. ICVT - Volatility Comparison
The current volatility for American Century Quality Convertible Securities ETF (QCON) is 2.13%, while iShares Convertible Bond ETF (ICVT) has a volatility of 2.44%. This indicates that QCON experiences smaller price fluctuations and is considered to be less risky than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.