CWB vs FCVT
State Street SPDR Bloomberg Convertible Securities ETF compared with First Trust SSI Strategic Convertible Securities ETF on yield, payout growth, payment schedule, cost and risk.
CWB
State Street SPDR Bloomberg Convertible Securities ETF
TTM yield · Monthly
FCVT
First Trust SSI Strategic Convertible Securities ETF
TTM yield · Monthly
Quick take
- CWB yields more today: 1.67% vs 1.21% (forward).
- CWB has grown its payout faster: 10.5%/yr vs -2.2%/yr over the last 5 years.
- Both pay every month.
- Over the last year CWB delivered the higher total return: +6.9% vs +6.3% (price change plus payouts).
- CWB is cheaper to own: 0.40% vs 0.95% expense ratio.
- FCVT has the steadier distribution: consistency 97/100 vs 73/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CWB | FCVT |
|---|---|---|
| Share price | $95.15 | $44.91 |
| TTM yield | 1.67% | 1.21% |
| Forward yield | 1.67% | 1.21% |
| Annual payout per share | $1.587 | $0.545 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Nov 20, 2026 (est.) |
| Expense ratio | 0.40% | 0.95% |
| 1-year payout growth | -1.6% | -34.7% |
| 5-year payout CAGR | +10.5% | -2.2% |
| Consecutive years of increases | 0 years | 1 year |
| Payout consistency (last 12) | 73/100 | 97/100 |
| 1-year total return | +6.9% | +6.3% |
| 1-year price return | +5.1% | +5.0% |
| Size (market cap / AUM) | 5.5B | 95.8M |
| Years paying | 17.5 | 10.8 |
| Sector / category | Convertibles | Convertibles |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| CWB | FCVT | |
|---|---|---|
| Shares | 105.1 | 222.7 |
| Income per year | $167 | $121 |
| Income per month (avg) | $14 | $10 |
At forward yields, before taxes. Model CWB · Model FCVT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| CWB Oct 31, 2026 | Nov 14, 2026 | $0.1323 | Est. |
| CWB Nov 30, 2026 | Dec 14, 2026 | $0.1323 | Est. |
| CWB Dec 30, 2026 | Jan 13, 2027 | $0.1323 | Est. |
| FCVT Nov 20, 2026 | Nov 28, 2026 | $0.0454 | Est. |
| FCVT Dec 20, 2026 | Dec 28, 2026 | $0.0454 | Est. |
| FCVT Jan 19, 2027 | Jan 27, 2027 | $0.0454 | Est. |
Annual payouts per share
CWBFCVT
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, CWB or FCVT?
CWB currently has the higher trailing yield: CWB yields 1.67% and FCVT yields 1.21%. Yield changes daily with price, so check the live figures above.
How often do CWB and FCVT pay?
CWB pays every month and FCVT pays every month. CWB's next ex-date is Oct 31, 2026 and FCVT's is Nov 20, 2026.
Which has grown its dividend faster, CWB or FCVT?
CWB has grown its payout faster: 10.5%/yr vs -2.2%/yr over the last 5 years.
Is CWB or FCVT better for income?
It depends on what you are optimising for. CWB and FCVT differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.