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SPDR Bloomberg Convertible Securities ETF

CWB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 14 2009
Expense Ratio
0.40%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$48,790,894
AUM
$4,468,463,825
Associated Index
Bloomberg US Convertible Liquid Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

PANW5207287
PALO ALTO NETWORKS SR UNSECURED 06/25 0.375
2.28%
WFC/PR/L
Wells Fargo & Co. - 7.50% PRF PERPETUAL USD 1000 - Cls A Ser L
2.18%
BAC/PR/L
Bank Of America Corp. - 7.25% PRF PERPETUAL USD 1000 - Ser L
1.70%
RCL5646474
ROYAL CARIBBEAN CRUISES SR UNSECURED 08/25 6
1.14%
F5388712
FORD MOTOR COMPANY SR UNSECURED 03/26 0.00000
1.12%
n/a
PDD HOLDINGS INC SR UNSECURED 12/25 0.00000
0.98%
RIVN5552995
RIVIAN AUTO INC SR UNSECURED 144A 03/29 4.625
0.98%
MDB5114091
MONGODB INC SR UNSECURED 01/26 0.25
0.93%
ABNB5380909
AIRBNB INC SR UNSECURED 03/26 0.00000
0.87%
SO5547684
SOUTHERN CO SR UNSECURED 144A 12/25 3.875
0.85%
Invest with CWB

What is CWB?

The SPDR Bloomberg Barclays Convertible Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg US Convertible Liquid Bond Index (the "Index"). Seeks to provide exposure to the market of U.S. convertible securities with an issue amount of at least $350 million and a par amount outstanding of at least $250 million.

ETFs related toCWB

ETFs correlated to CWB include ICVT, IWP, VOT

CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCWB

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with CWB using Composer

FAQ

CWB is a US Bonds ETF. The SPDR Bloomberg Barclays Convertible Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg US Convertible Liquid Bond Index (the "Index"). Seeks to provide exposure to the market of U.S. convertible securities with an issue amount of at least $350 million and a par amount outstanding of at least $250 million.

CWB tracks the Bloomberg US Convertible Liquid Bond Index.

No, CWB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CWB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CWB is -0.0136%. This is the percent change in the value of CWB over the most recent 1-month period. The 3-month return on CWB is -0.0098%. This is the percent change in the value of CWB over the most recent 3-month period.

The standard deviation of CWB for the past year is 0.1051%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CWB include FCVT, QCON, and SPTL.

ETFs correlated to CWB include ICVT, IWP, and VOT.

ETFs that are inversely correlated to CWB include HIBS, SRTY, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.