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ETFs

iShares Convertible Bond ETF

ICVT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 02 2015
Expense Ratio
0.20%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$14,784,633
AUM
$1,158,710,576
Associated Index
Bloomberg U.S. Convertible Cash Pay Bond > $250MM I
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with ICVT

What is ICVT?

The iShares Convertible Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated convertible securities, specifically cash pay bonds, with outstanding issue sizes greater than $250 million.

ETFs related toICVT

ETFs correlated to ICVT include CWB, QQQJ, VXF

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

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ICVT using Composer

FAQ

ICVT is a US Bonds ETF. The iShares Convertible Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated convertible securities, specifically cash pay bonds, with outstanding issue sizes greater than $250 million.

ICVT tracks the Bloomberg U.S. Convertible Cash Pay Bond > $250MM I.

No, ICVT 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, ICVT 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 ICVT is 0.015%. This is the percent change in the value of ICVT over the most recent 1-month period. The 3-month return on ICVT is -0.0053%. This is the percent change in the value of ICVT over the most recent 3-month period.

The standard deviation of ICVT for the past year is 0.1382%. 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 ICVT include FCVT, QCON, and LQD.

ETFs correlated to ICVT include CWB, QQQJ, and VXF.

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

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.