ICVT vs MCVT
iShares Convertible Bond ETF compared with Miller Convertible Total Return ETF on yield, payout growth, payment schedule, cost and risk.
ICVT
iShares Convertible Bond ETF
TTM yield · Monthly
MCVT
Miller Convertible Total Return ETF
TTM yield · Quarterly
Quick take
- ICVT yields more today: 1.53% vs 0.36% (forward).
- ICVT pays every month; MCVT pays every quarter.
- ICVT is cheaper to own: 0.20% vs 0.85% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | ICVT | MCVT |
|---|---|---|
| Share price | $105.03 | $26.86 |
| TTM yield | 1.53% | 0.12% |
| Forward yield | 1.53% | 0.36% |
| Annual payout per share | $1.602 | $0.096 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Oct 31, 2026 (est.) | Dec 16, 2026 (est.) |
| Expense ratio | 0.20% | 0.85% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | 0 years |
| Payout consistency (last 12) | 80/100 | — |
| 1-year total return | +6.6% | — |
| 1-year price return | +5.0% | — |
| Size (market cap / AUM) | 8.1B | 26.0M |
| Years paying | 11.2 | 0.4 |
| 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
| ICVT | MCVT | |
|---|---|---|
| Shares | 95.2 | 372.3 |
| Income per year | $153 | $36 |
| Income per month (avg) | $13 | $3 |
At forward yields, before taxes. Model ICVT · Model MCVT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| 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. |
| MCVT Dec 16, 2026 | Dec 30, 2026 | $0.024 | Est. |
| MCVT Mar 18, 2027 | Apr 1, 2027 | $0.024 | Est. |
| MCVT Jun 18, 2027 | Jul 2, 2027 | $0.024 | Est. |
Annual payouts per share
ICVTMCVT
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, ICVT or MCVT?
ICVT currently has the higher trailing yield: ICVT yields 1.53% and MCVT yields 0.12%. Yield changes daily with price, so check the live figures above.
How often do ICVT and MCVT pay?
ICVT pays every month and MCVT pays every quarter. ICVT's next ex-date is Oct 31, 2026 and MCVT's is Dec 16, 2026.
Is ICVT or MCVT better for income?
It depends on what you are optimising for. ICVT and MCVT 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.