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iShares Convertible Bond ETF (ICVT)

Convertibles | Exchange Traded Fund | Cboe US
116.38 USD -1.54 (-1.306%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★★⯪☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 5:24 a.m. EDT

The iShares Convertible Bond ETF presents a compelling case for income-focused investors who can tolerate equity-like volatility, driven by a massive nine-year cumulative gain of nearly 100%. The underlying business quality is evident in the consistent positive annual returns over the last decade, with only a single year of decline, suggesting a resilient strategy that bridges the gap between bond safety and stock upside. However, the recent price action shows signs of exhaustion, trading flat against its 50-day average after a strong run, which dampens immediate momentum. While the 1.31% yield provides a modest cushion, it is not a primary driver of value here; the real story is the capital appreciation potential. The options market is telling a tale of two fears: a deep crash is priced in via heavy OTM puts, while the bulk of speculative capital remains bullish, betting on continued participation in the tech rally that has historically fueled convertible performance. For a medium-term hold, the setup looks constructive, but the lack of explosive short-term momentum warrants a cautious approach.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.035985
MSTL0.053548
AutoTheta0.065941
AutoETS0.067878
MSTL_1150.086590

Forecast horizon: 60 days | Selected: AutoARIMA

Forecast Reliability
Score 54%
H-stat 2.44
Ljung-Box p 0.000
Jarque-Bera p 0.218
Excess Kurtosis -1.03

As of July 11, 2026, 5:24 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at the August and November expirations, creating a significant floor around the $96-$115 range. This suggests a fear of a sharp downside correction despite the asset's recent gains. Conversely, call interest is concentrated in the money, indicating a belief that the current rally has room to run, though the implied volatility gap between deep OTM puts and ATM calls highlights a skewed risk profile favoring downside protection.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.10% 1.52% 2.03% 3.17%
Dividend History
Date Dividend Yield %
2026-07-01 0.120 0.100477
2026-06-01 0.130 0.106010
2026-05-01 0.122 0.107404
2026-04-01 0.134 0.130325
2026-03-02 0.130 0.123094
2026-02-02 0.107 0.102904
2025-12-19 0.218 0.219250
2025-12-01 0.117 0.117623
2025-11-03 0.114 0.110007
2025-10-01 0.130 0.128943
2025-09-02 0.136 0.144251
2025-08-01 0.115 0.125876
2025-07-01 0.137 0.153433
2025-06-02 0.150 0.172176
2025-05-01 0.152 0.178992
2025-04-01 0.147 0.175554
2025-03-03 0.147 0.172212
2025-02-03 0.141 0.161568
2024-12-18 0.280 0.326036
2024-12-02 0.147 0.165243
2024-11-01 0.142 0.169492
2024-10-01 0.151 0.181447
2024-09-03 0.153 0.190797
2024-08-01 0.150 0.188964
2024-07-01 0.156 0.199157
2024-06-03 0.154 0.196654
2024-05-01 0.141 0.183833
2024-04-01 0.135 0.169619
2024-03-01 0.129 0.164227
2024-02-01 0.120 0.154679
2023-12-14 0.372 0.479814
2023-12-01 0.154 0.204923
2023-11-01 0.117 0.165208
2023-10-02 0.120 0.162382
2023-09-01 0.102 0.134228
2023-08-01 0.086 0.110073
2023-07-03 0.079 0.103012
2023-06-01 0.081 0.111310
2023-05-01 0.061 0.085506
2023-04-03 0.070 0.096792
2023-03-01 0.064 0.087755
2023-02-01 0.142 0.191555
2022-12-15 0.288 0.408453
2022-12-01 0.114 0.158223
2022-11-01 0.119 0.168651
2022-10-03 0.111 0.159254
2022-09-01 0.114 0.156636
2022-08-01 0.143 0.197350
2022-07-01 0.115 0.165372
2022-06-01 0.069 0.093980
2022-05-02 0.073 0.094352
2022-04-01 0.073 0.087175
2022-03-01 0.061 0.073993
2022-02-01 0.059 0.070372
2021-12-16 0.361 0.415277
2021-12-01 5.911 6.640827
2021-11-01 0.059 0.057027
2021-10-01 0.060 0.059654
2021-09-01 0.056 0.054565
2021-08-02 0.059 0.058900
2021-07-01 0.059 0.057826
2021-06-01 0.064 0.064731
2021-05-03 0.059 0.059118
2021-04-01 0.058 0.058245
2021-03-01 0.058 0.054557
2021-02-01 0.063 0.061719
2020-12-17 0.296 0.308333
2020-12-01 2.822 3.152720
2020-11-02 0.070 0.086388
2020-10-01 0.065 0.078782
2020-09-01 0.064 0.075856
2020-08-03 0.070 0.090803
2020-07-01 0.066 0.092179
2020-06-01 0.068 0.102059
2020-05-01 0.074 0.122638
2020-04-01 0.079 0.152746
2020-03-02 0.081 0.126168
2020-02-03 0.087 0.133517
2019-12-19 0.302 0.485374
2019-12-02 0.082 0.134691
2019-11-01 0.079 0.132506
2019-10-01 0.076 0.131647
2019-09-03 0.081 0.138084
2019-08-01 0.074 0.122842
2019-07-01 0.081 0.135135
2019-06-03 0.074 0.131089
2019-05-01 0.078 0.131957
2019-04-01 0.080 0.137010
2019-03-01 0.075 0.128605
2019-02-01 0.082 0.145261
2018-12-18 0.647 1.226517
2018-12-03 1.066 1.874780
2018-11-01 0.079 0.139749
2018-10-01 0.074 0.124140
2018-09-04 0.072 0.119960
2018-08-01 0.069 0.119068
2018-07-02 0.072 0.124755
2018-06-01 0.079 0.135020
2018-05-01 0.089 0.158758
2018-04-02 0.107 0.194263
2018-03-01 0.099 0.177102
2018-02-01 0.080 0.140203
2017-12-21 0.213 0.383715
2017-12-01 0.276 0.499222
2017-11-01 0.091 0.164023
2017-10-02 0.109 0.200368
2017-09-01 0.113 0.209376
2017-08-01 0.098 0.181683
2017-07-03 0.106 0.202875
2017-06-01 0.084 0.158103
2017-05-01 0.082 0.157239
2017-04-03 0.081 0.157833
2017-03-01 0.076 0.148148
2017-02-01 0.080 0.158872
2016-12-22 0.219 0.445883
2016-12-01 0.077 0.161088
2016-11-01 0.076 0.162428
2016-10-03 0.189 0.397184
2016-09-01 0.242 0.513256
2016-08-01 0.223 0.473662
2016-07-01 0.150 0.336247
2016-06-01 0.062 0.136775
2016-05-02 0.057 0.128805
2016-02-01 0.065 0.158151
2015-12-24 0.358 0.785950
2015-12-01 0.063 0.135782
2015-11-02 0.065 0.138652
2015-10-01 0.065 0.145577
2015-09-01 0.061 0.133072
2015-08-03 0.056 0.116983
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 1.31

Info Dump

Attribute Value
All Time High 126.56
All Time Low 39.94
Ask 0.0
Ask Size 600
Average Daily Volume10 Day 601,800
Average Daily Volume3 Month 864,800
Average Volume 864,800
Average Volume10Days 601,800
Beta3 Year 1.06
Bid 0.0
Bid Size 600
Category Convertibles
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 117.47
Day Low 116.05
Dividend Yield 1.31
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 118.8779
Fifty Day Average Change -2.497902
Fifty Day Average Change Percent -0.021012332
Fifty Two Week Change Percent 27.14957
Fifty Two Week High 126.56
Fifty Two Week High Change -10.18
Fifty Two Week High Change Percent -0.08043616
Fifty Two Week Low 90.772
Fifty Two Week Low Change 25.607994
Fifty Two Week Low Change Percent 0.28211334
Fifty Two Week Range 90.772 - 126.56
First Trade Date Milliseconds 1,433,424,600,000
Five Year Average Return 0.0623364
Full Exchange Name Cboe US
Fund Family iShares
Fund Inception Date 1,433,203,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund will invest at least 80% of its assets in the component securities of the underlying index, and it will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. The underlying index is a subset of the Bloomberg U.S. Convertibles: Cash Pay Bonds Index, which measures the performance of the U.S. dollar-denominated convertibles market.
Long Name iShares Convertible Bond ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_285620683
Nav Price 117.74058
Net Assets 7,533,008,900.0
Net Expense Ratio 0.2
Open 117.03
Phone 415-670-2000
Pre Market Change 0.0
Pre Market Change Percent 0.0
Pre Market Price 116.38
Pre Market Time 1,784,030,263
Previous Close 117.92
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -1.54
Regular Market Change Percent -1.30597
Regular Market Day High 117.47
Regular Market Day Low 116.05
Regular Market Day Range 116.05 - 117.47
Regular Market Open 117.03
Regular Market Previous Close 117.92
Regular Market Price 116.38
Regular Market Time 1,783,972,800
Regular Market Volume 336,092
Short Name iShares Convertible Bond ETF
Source Interval 15
Symbol ICVT
Three Year Average Return 0.1673902
Total Assets 7,533,008,896
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 19.71925
Trailing Three Month Returns 19.71925
Triggerable 1
Two Hundred Day Average 106.84608
Two Hundred Day Average Change 9.53392
Two Hundred Day Average Change Percent 0.08923042
Type Disp ETF
Volume 336,092
Yield 0.013099999
Ytd Return 24.34394