CWB vs FCVT
State Street SPDR Bloomberg Convertible Securities ETF against First Trust SSI Strategic Convertible Securities ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
34%
92 shared positions
Fee gap
55 bp
CWB is cheaper
1-year return gap
0.1 pts
CWB is ahead
Larger fund
CWB
$5.3B
Side by side
| CWB | FCVT | |
|---|---|---|
| Fund | State Street SPDR Bloomberg Convertible Securities ETF | First Trust SSI Strategic Convertible Securities ETF |
| Issuer | State Street SPDR | First Trust |
| Category | Convertibles | Convertibles |
| Expense ratio | 0.40% | 0.95% |
| Assets | $5.3B | $80M |
| Average daily dollar volume | $70M | $1.1M |
| Listed | Apr 14, 2009 | Nov 3, 2015 |
| FrenzyCap score | 76 | 36 |
| 1-month return | −6.5% | −7.8% |
| 3-month return | −6.3% | −8.6% |
| Year to date | +8.4% | +6.8% |
| 1-year return | +4.2% | +4.1% |
| 30-day volatility | 16.3% | 18.3% |
| Worst drawdown, 1 year | −14.2% | −17.3% |
| Trailing 12-month yield | 1.64% | 1.19% |
| Holdings | 365 | 116 |
| Top 10 weight | 15.0% | 24.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$880M thru Jun 2026 | −$15M thru Jul 2026 |
| 30-day implied volatility | 20.8% | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
36% of CWB · 75% of FCVT| Holding | CWB | FCVT |
|---|---|---|
| BOEING CO/THE | 1.79% | 2.59% |
| LUMENTUM HOLDINGS INC SR UNSECURED 03/32 0.375, due Mar 15, 2032 | 1.43% | 1.45% |
| HP ENTERPRISE CO | 1.10% | 2.07% |
| WELLS FARGO + COMPANY | 1.08% | 1.10% |
| MODERNA INC SR UNSECURED 144A 03/32 0.0000, due Mar 1, 2032 | 1.06% | 1.01% |
| BANK OF AMERICA CORP | 0.93% | 0.99% |
| BLOOM ENERGY CORP SR UNSECURED 144A 11/30 0.0000, due Nov 15, 2030 | 0.92% | 1.28% |
| ORACLE CORP | 1.07% | 0.86% |
| NEBIUS GROUP NV SR UNSECURED 144A 02/30 0.5, due Feb 15, 2030 | 0.76% | 1.72% |
| NEBIUS GROUP NV SR UNSECURED 144A 03/31 1.25, due Mar 15, 2031 | 0.76% | 2.03% |
| CLOUDFLARE INC SR UNSECURED 06/30 0.00000, due Jun 15, 2030 | 0.71% | 1.23% |
| CIENA CORP COMPANY GUAR 144A 09/31 0.0000, due Sep 15, 2031 | 0.64% | 0.77% |
| SNOWFLAKE INC SR UNSECURED 10/27 0.00000, due Oct 1, 2027 | 0.59% | 1.85% |
| COREWEAVE INC COMPANY GUAR 144A 10/32 1.75, due Oct 1, 2032 | 0.73% | 0.56% |
| MKS INC SR UNSECURED 06/30 1.25, due Jun 1, 2030 | 0.55% | 1.06% |
| WELLTOWER OP LLC COMPANY GUAR 144A 05/28 2.75, due May 15, 2028 | 0.55% | 1.79% |
| NEXTERA ENERGY INC | 0.54% | 0.59% |
| ROBINHOOD MARKETS INC SR UNSECURED 144A 10/29 0.0000, due Oct 1, 2029 | 0.54% | 0.79% |
| DOORDASH INC SR UNSECURED 05/30 0.00000, due May 15, 2030 | 0.69% | 0.53% |
| AKAMAI TECHNOLOGIES INC SR UNSECURED 05/33 0.25, due May 15, 2033 | 0.52% | 1.77% |
| UBER TECHNOLOGIES INC SR UNSECURED 12/28 0.875, due Dec 1, 2028 | 0.52% | 0.64% |
| NEBIUS GROUP NV SR UNSECURED 144A 02/34 4.5, due Feb 15, 2034 | 0.50% | 1.67% |
| CYBERARK SOFTWARE LTD COMPANY GUAR 06/30 0.00000, due Jun 15, 2030 | 0.47% | 1.07% |
| KKR + CO INC | 0.55% | 0.44% |
| DYNATRACE LLC COMPANY GUAR 144A 09/31 0.0000, due Sep 1, 2031 | 0.43% | 0.60% |
Sector mix of the stock holdings
| Sector | CWB | FCVT | Gap |
|---|---|---|---|
| Technology | 0.0% | 10.2% | −10.2% |
| Other | 0.0% | 1.2% | −1.2% |
More: full overlap table · CWB holdings · FCVT holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.