FCVT vs ICVT
First Trust SSI Strategic Convertible Securities ETF compared with iShares Convertible Bond ETF on yield, payout growth, payment schedule, cost and risk.
FCVT
First Trust SSI Strategic Convertible Securities ETF
TTM yield · Monthly
ICVT
iShares Convertible Bond ETF
TTM yield · Monthly
Quick take
- ICVT yields more today: 1.53% vs 1.21% (forward).
- Both pay every month.
- Over the last year ICVT delivered the higher total return: +6.6% vs +6.3% (price change plus payouts).
- ICVT is cheaper to own: 0.20% vs 0.95% expense ratio.
- FCVT has the steadier distribution: consistency 97/100 vs 80/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FCVT | ICVT |
|---|---|---|
| Share price | $44.91 | $105.03 |
| TTM yield | 1.21% | 1.53% |
| Forward yield | 1.21% | 1.53% |
| Annual payout per share | $0.545 | $1.602 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 20, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.95% | 0.20% |
| 1-year payout growth | -34.7% | — |
| 5-year payout CAGR | -2.2% | — |
| Consecutive years of increases | 1 year | — |
| Payout consistency (last 12) | 97/100 | 80/100 |
| 1-year total return | +6.3% | +6.6% |
| 1-year price return | +5.0% | +5.0% |
| Size (market cap / AUM) | 95.8M | 8.1B |
| Years paying | 10.8 | 11.2 |
| 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
| FCVT | ICVT | |
|---|---|---|
| Shares | 222.7 | 95.2 |
| Income per year | $121 | $153 |
| Income per month (avg) | $10 | $13 |
At forward yields, before taxes. Model FCVT · Model ICVT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| 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. |
| ICVT Oct 31, 2026 | Nov 14, 2026 | $0.1335 | Est. |
| ICVT Nov 30, 2026 | Dec 14, 2026 | $0.1335 | Est. |
| ICVT Dec 30, 2026 | Jan 13, 2027 | $0.1335 | Est. |
Annual payouts per share
FCVTICVT
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, FCVT or ICVT?
ICVT currently has the higher trailing yield: FCVT yields 1.21% and ICVT yields 1.53%. Yield changes daily with price, so check the live figures above.
How often do FCVT and ICVT pay?
FCVT pays every month and ICVT pays every month. FCVT's next ex-date is Nov 20, 2026 and ICVT's is Oct 31, 2026.
Is FCVT or ICVT better for income?
It depends on what you are optimising for. FCVT 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.