UCIB vs. ICVT
Compare and contrast key facts about ETRACS CMCI Total Return ETN Series B (UCIB) and iShares Convertible Bond ETF (ICVT).
UCIB and ICVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCIB is a passively managed fund by UBS that tracks the performance of the UBS Bloomberg CMCI Index. It was launched on Oct 8, 2015. 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. Both UCIB and ICVT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCIB or ICVT.
Correlation
The correlation between UCIB and ICVT is 0.24, 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.
Performance
UCIB vs. ICVT - Performance Comparison
Key characteristics
UCIB:
0.39
ICVT:
1.93
UCIB:
0.72
ICVT:
2.69
UCIB:
1.10
ICVT:
1.34
UCIB:
0.72
ICVT:
0.75
UCIB:
1.90
ICVT:
9.21
UCIB:
6.32%
ICVT:
1.82%
UCIB:
31.30%
ICVT:
8.68%
UCIB:
-32.90%
ICVT:
-33.25%
UCIB:
-2.11%
ICVT:
-7.71%
Returns By Period
In the year-to-date period, UCIB achieves a 5.44% return, which is significantly higher than ICVT's 4.71% return.
UCIB
5.44%
4.00%
10.93%
12.26%
14.19%
N/A
ICVT
4.71%
3.61%
12.22%
15.60%
9.41%
N/A
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UCIB vs. ICVT - Expense Ratio Comparison
UCIB has a 0.55% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Risk-Adjusted Performance
UCIB vs. ICVT — Risk-Adjusted Performance Rank
UCIB
ICVT
UCIB vs. ICVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) 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
UCIB vs. ICVT - Dividend Comparison
UCIB has not paid dividends to shareholders, while ICVT's dividend yield for the trailing twelve months is around 2.12%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
UCIB ETRACS CMCI Total Return ETN Series B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 2.12% | 2.19% | 1.84% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
UCIB vs. ICVT - Drawdown Comparison
The maximum UCIB drawdown since its inception was -32.90%, roughly equal to the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for UCIB and ICVT. For additional features, visit the drawdowns tool.
Volatility
UCIB vs. ICVT - Volatility Comparison
ETRACS CMCI Total Return ETN Series B (UCIB) has a higher volatility of 7.53% compared to iShares Convertible Bond ETF (ICVT) at 1.95%. This indicates that UCIB's price experiences larger fluctuations and is considered to be riskier than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.