Screener
CWB vs CVRT
State Street SPDR Bloomberg Convertible Securities ETF vs Calamos Convertible Equity Alternative ETF
Key differences
Both CWB and CVRT are fixed income ETFs. CWB charges 0.40% a year and CVRT 0.69%. The main difference: CWB follows a index tracking strategy; CVRT uses option income.
- CWB follows a index tracking strategy; CVRT uses option income.
- CWB costs 0.29% less per year.
- CWB is much larger than CVRT. Larger funds are usually more liquid and less likely to close.
- CWB has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| CWB | CVRT | |
|---|---|---|
| Annual cost (TER) | 0.40% | 0.69% |
| Fund size (AUM) | $6.2B | $29M |
| Since | 2009 | 2023 |
| Dividend yield | 1.37% | 1.42% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | index tracking | option income |
| CAGR 1Y | +29.3% | +60.9% |
| CAGR 3Y | +17.2% | N/A |
| CAGR 5Y | +6.5% | N/A |
| Sharpe 3Y | 1.10 | N/A |
| Volatility 1Y | 14.77% | 22.27% |
| Max drawdown | -32.06% | -20.71% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.