XLSI vs. ICVT
XLSI (Consumer Staples Select Sector SPDR Premium Income ETF) and ICVT (iShares Convertible Bond ETF) are both exchange-traded funds - XLSI is a Derivative Income fund actively managed by State Street, while ICVT is a Convertible Bonds fund tracking the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index. XLSI is actively managed, while ICVT is passively managed. Over the past year, XLSI returned 6.59% vs 25.68% for ICVT. Their -0.22 correlation means they have often moved in opposite directions in the past. XLSI charges 0.35%/yr vs 0.20%/yr for ICVT.
Performance
XLSI vs. ICVT - Performance Comparison
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Returns By Period
In the year-to-date period, XLSI achieves a 6.67% return, which is significantly lower than ICVT's 15.73% return.
XLSI
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.55%
- YTD
- 6.67%
- 1Y
- 6.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.53%
ICVT
- 1D
- -0.13%
- 1M
- -3.58%
- 6M
- 10.12%
- YTD
- 15.73%
- 1Y
- 25.68%
- 3Y*
- 15.44%
- 5Y*
- 5.74%
- 10Y*
- 12.80%
- ALL TIME*
- 11.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $56.37M | $69.08M | $90.45M | |
| $285.83K | $265.98K | $245.15K |
XLSI vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLSI Consumer Staples Select Sector SPDR Premium Income ETF | 6.67% | -1.06% |
ICVT iShares Convertible Bond ETF | 15.73% | 7.64% |
Correlation
The correlation between XLSI and ICVT is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.22 |
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Return for Risk
XLSI vs. ICVT — Risk / Return Rank
XLSI
ICVT
XLSI vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) 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.
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.
| XLSI | ICVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.08 | -1.17 |
| Martin ratioReturn relative to average drawdown | 1.87 | 7.79 | -5.93 |
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Drawdowns
XLSI vs. ICVT - Drawdown Comparison
The maximum XLSI drawdown since its inception was -7.87%, smaller than the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for XLSI and ICVT.
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Drawdown Indicators
| XLSI | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.87% | -33.25% | +25.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -11.65% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.65% | — |
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 | -1.93% | -8.79% | +6.86% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -9.43% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.11% | +0.71% |
Volatility
XLSI vs. ICVT - Volatility Comparison
The current volatility for Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) is 4.23%, while iShares Convertible Bond ETF (ICVT) has a volatility of 6.39%. This indicates that XLSI 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.
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Volatility by Period
| XLSI | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 6.39% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 14.58% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 17.19% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 13.78% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.17% | 15.73% | -4.56% |
XLSI vs. ICVT - Expense Ratio Comparison
XLSI has a 0.35% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Dividends
XLSI vs. ICVT - Dividend Comparison
XLSI's dividend yield for the trailing twelve months is around 11.89%, more than ICVT's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 1.29% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
XLSI Consumer Staples Select Sector SPDR Premium Income ETF | 11.89% | 5.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLSI and ICVT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICVT has higher volatility (6.39%) compared to XLSI (4.23%). In terms of maximum drawdown, XLSI dropped -7.87% vs ICVT's -33.25%.
On 1-year performance, ICVT leads with 25.68% vs 6.59% for XLSI. On fees, ICVT is cheaper at 0.20% per year. On volatility, XLSI has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICVT has performed better with a 25.68% return vs 6.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICVT is cheaper with a 0.20% expense ratio, compared with 0.35% for XLSI.
XLSI has the higher dividend yield at 11.89%, compared with 1.29% for ICVT.
XLSI is categorized as Derivative Income, while ICVT is Convertible Bonds. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XLSI and 0.20% for ICVT.
ICVT currently has the higher Sharpe Ratio (1.41 vs 0.64), 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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