iShares Convertible Bond ETF

iShares Convertible Bond ETF

About

iShares Convertible Bond ETF (US46435G1022) is a US-listed bond ETF tracking the Bloomberg U.S. Convertible Cash Pay Bond>$250MM Index. With a expense ratio of 0.2%, it is competitively priced, paying distributions. The fund holds 374 positions across 1 region with 7.4B in assets.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jul 5, 2026
Component Score Details
Overall 7.1 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 8.5 Tracking Difference: 9.8 · TD Consistency: — · Expense Ratio: 5.5
Diversification (45%) 4.7 Holding Count: 6.2 · Country Concentration: 4.8 · Sector Concentration: 3.0
Liquidity (25%) 9.8 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker ICVT
ISIN
Fund Size $7.4B
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Jun 2015
Base Currency USD
Index Bloomberg U.S. Convertible Cash Pay Bond>$250MM Index
Asset Class Bonds
Category Convertible Bond

Costs

8.5
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.20%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month -0.01%
3 Months +0.17%
6 Months +0.20%
1 Year +40.97%
3 Years +20.99%
5 Years +7.37%
10 Years +13.86%
YTD +23.36%
Since Inception +11.85%

Holdings

6.2
This fund holds 374 individual investments, offering moderate diversification compared to other ETFs.
#1
W
WESTERN DIGITAL CORPORATION
6.69%
#2
A
ALIBABA GROUP HOLDING LTD
1.60%
#3
L
LUMENTUM HOLDINGS INC 144A
1.53%
#4
L
LUMENTUM HOLDINGS INC
1.38%
#5
C
COREWEAVE INC 144A
1.18%
#6
N
NEBIUS GROUP NV 144A
1.12%
#7
B
BLOOM ENERGY CORPORATION 144A
1.09%
#8
M
MKS INSTRUMENTS INC
0.97%
#9
C
COREWEAVE INC 144A
0.85%
#10
N
NEBIUS GROUP NV 144A
0.84%

Sectors

3.0
This fund is concentrated in just a few of its 3 sectors, reducing diversification.
 
Sector Weight
Unknown 9986.00%
Health Care 11.00%
Technology 3.00%

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.
 
Country Weight
UNKNOWN 9986.00%
United States 14.00%

Nerd Stuff

Advanced risk and return metrics (2023-07-06 — 2026-06-26).
11.6%
Volatility
-10.9%
Max Drawdown
1.22
Sharpe Ratio
1.74
Sortino Ratio
1.30
Calmar Ratio
0.27
Beta
7.93%
Alpha (Jensen's)
0.125
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Similar ETFs

Other funds tracking Convertible Bond indices.
State Street® SPDR® Bloomberg Convertible Securities ETF
US78464A3591·Expense Ratio 0.40%
Compare ICVT vs State Street® SPDR® Bloomberg Convertible Securities ETF
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