CWB vs ICVT
State Street SPDR Bloomberg Convertible Securities ETF compared with iShares Convertible Bond ETF on yield, payout growth, payment schedule, cost and risk.
CWB
State Street SPDR Bloomberg Convertible Securities ETF
TTM yield · Monthly
ICVT
iShares Convertible Bond ETF
TTM yield · Monthly
Quick take
- CWB yields more today: 1.51% vs 1.39% (forward).
- Both pay every month.
- Over the last year ICVT delivered the higher total return: +23.2% vs +22.5% (price change plus payouts).
- ICVT is cheaper to own: 0.20% vs 0.40% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CWB | ICVT |
|---|---|---|
| Share price | $104.13 | $114.78 |
| TTM yield | 1.51% | 1.39% |
| Forward yield | 1.51% | 1.39% |
| Annual payout per share | $1.577 | $1.595 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.40% | 0.20% |
| 1-year payout growth | -1.6% | — |
| 5-year payout CAGR | +10.0% | — |
| Consecutive years of increases | 0 years | — |
| Payout consistency (last 12) | 72/100 | 80/100 |
| 1-year total return | +22.5% | +23.2% |
| 1-year price return | +20.7% | +21.5% |
| Size (market cap / AUM) | 5.6B | 7.8B |
| Years paying | 17.4 | 11.1 |
| 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 | ICVT | |
|---|---|---|
| Shares | 96.0 | 87.1 |
| Income per year | $151 | $139 |
| Income per month (avg) | $13 | $12 |
At forward yields, before taxes. Model CWB · Model ICVT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| CWB Oct 1, 2026 | Oct 15, 2026 | $0.1314 | Est. |
| CWB Oct 31, 2026 | Nov 14, 2026 | $0.1314 | Est. |
| CWB Nov 30, 2026 | Dec 14, 2026 | $0.1314 | Est. |
| ICVT Oct 1, 2026 | Oct 15, 2026 | $0.1329 | Est. |
| ICVT Oct 31, 2026 | Nov 14, 2026 | $0.1329 | Est. |
| ICVT Nov 30, 2026 | Dec 14, 2026 | $0.1329 | Est. |
Annual payouts per share
CWBICVT
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 ICVT?
CWB currently has the higher trailing yield: CWB yields 1.51% and ICVT yields 1.39%. Yield changes daily with price, so check the live figures above.
How often do CWB and ICVT pay?
CWB pays every month and ICVT pays every month. CWB's next ex-date is Oct 1, 2026 and ICVT's is Oct 1, 2026.
Is CWB or ICVT better for income?
It depends on what you are optimising for. CWB and ICVT 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.