Ishares Convertible Bond Etf Profile
| ICVT Etf | USD 78.23 0.10 0.13% |
Performance2 of 100
| Odds Of DistressLess than 9
|
IShares Convertible is selling for under 78.23 as of the 14th of May 2024; that is 0.13% increase since the beginning of the trading day. The etf's last reported lowest price was 78.22. IShares Convertible has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for iShares Convertible Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of February 2024 and ending today, the 14th of May 2024. Click here to learn more.
The fund will invest at least 80 percent of its assets in the component securities of the underlying index, and it will invest at least 90 percent of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. More on iShares Convertible Bond
Moving together with IShares Etf
| 0.87 | FCVT | First Trust SSI | PairCorr |
| 0.7 | QCON | American Century Quality | PairCorr |
| 0.72 | EMCB | WisdomTree Emerging | PairCorr |
| 0.81 | PCY | Invesco Emerging Markets | PairCorr |
IShares Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IShares Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IShares Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Corporate ETFs (View all Themes) |
| Business Concentration | Corporate ETFs, Convertibles, iShares (View all Sectors) |
| Issuer | iShares |
| Inception Date | 2015-06-02 |
| Benchmark | Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.95 Billion |
| Average Trading Valume | 262,925.5 |
| Asset Type | Fixed Income |
| Category | Corporate |
| Focus | Convertibles |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | State Street Bank and Trust Company |
| Advisor | BlackRock Fund Advisors |
| Custodian | State Street Bank and Trust Company |
| Distributor | BlackRock Investments, LLC |
| Portfolio Manager | James Mauro, Karen Uyehara |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Oct |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 335 |
| Market Maker | Jane Street |
| Total Expense | 0.2 |
| Management Fee | 0.2 |
| Country Name | USA |
| Returns Y T D | 0.08 |
| Name | iShares Convertible Bond ETF |
| Currency Code | USD |
| Open Figi | BBG009BKDML7 |
| In Threey Volatility | 12.63 |
| 1y Volatility | 12.2 |
| 200 Day M A | 76.186 |
| 50 Day M A | 78.2361 |
| Code | ICVT |
| Updated At | 12th of May 2024 |
| Currency Name | US Dollar |
iShares Convertible Bond [ICVT] is traded in USA and was established 2015-06-02. The fund is listed under Convertibles category and is part of iShares family. The entity is thematically classified as Corporate ETFs. iShares Convertible Bond currently have 1.76 B in assets under management (AUM). , while the total return for the last 3 years was -2.7%.
Check IShares Convertible Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on IShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding IShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as iShares Convertible Bond Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top iShares Convertible Bond Etf Constituents
| MU | Micron Technology | Stock | Information Technology |
IShares Convertible Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of IShares Convertible jumping above the current price in 90 days from now is about 36.94%. The iShares Convertible Bond probability density function shows the probability of IShares Convertible etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days iShares Convertible Bond has a beta of -0.0508. This usually indicates as returns on the benchmark increase, returns on holding IShares Convertible are expected to decrease at a much lower rate. During a bear market, however, iShares Convertible Bond is likely to outperform the market. Additionally, iShares Convertible Bond has an alpha of 0.0101, implying that it can generate a 0.0101 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of IShares Convertible to move above the current price in 90 days from now is about 36.94 (This iShares Convertible Bond probability density function shows the probability of IShares Etf to fall within a particular range of prices over 90 days) .
IShares Convertible Top Holders
| GIXFX | Guidepath Flexible Income | Mutual Fund | Tactical Allocation |
| ACXCX | Catalystauctos Multi Strategy Fund | Mutual Fund | Macro Trading |
| ACXAX | Catalystauctos Multi Strategy Fund | Mutual Fund | Macro Trading |
| GPIFX | Guidepath Flexible Income | Mutual Fund | Tactical Allocation |
| TNMIX | 1290 Multi Alternative Strategies | Mutual Fund | Multistrategy |
| ACXIX | Catalystauctos Multi Strategy Fund | Mutual Fund | Macro Trading |
| QAI | IQ Hedge Multi Strategy | Etf | Multistrategy |
iShares Convertible Bond Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. IShares Convertible market risk premium is the additional return an investor will receive from holding IShares Convertible long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IShares Convertible. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although IShares Convertible's alpha and beta are two of the key measurements used to evaluate IShares Convertible's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0181 | |||
| Jensen Alpha | 0.0101 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.11) |
IShares Convertible Against Markets
Picking the right benchmark for IShares Convertible etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IShares Convertible etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IShares Convertible is critical whether you are bullish or bearish towards iShares Convertible Bond at a given time. Please also check how IShares Convertible's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in IShares Convertible without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy IShares Etf?
Before investing in IShares Convertible, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in IShares Convertible. To buy IShares Convertible etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of IShares Convertible. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase IShares Convertible etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located iShares Convertible Bond etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased iShares Convertible Bond etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as iShares Convertible Bond, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy IShares Etf please use our How to Invest in IShares Convertible guide.
Already Invested in iShares Convertible Bond?
The danger of trading iShares Convertible Bond is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IShares Convertible is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IShares Convertible. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares Convertible Bond is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether iShares Convertible Bond is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ishares Convertible Bond Etf. Highlighted below are key reports to facilitate an investment decision about Ishares Convertible Bond Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Convertible Bond. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of iShares Convertible Bond is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Convertible's value that differs from its market value or its book value, called intrinsic value, which is IShares Convertible's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares Convertible's market value can be influenced by many factors that don't directly affect IShares Convertible's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Convertible's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.