CWB vs DFLV

Comparison between STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF) and DIMENSIONAL US LARGE CAP VALUE ETF (DFLV, ETF).

CWB vs DFLV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CWB(ETF)	DFLV(ETF)
Net Assets	$6.20B	$6.20B
Expense Ratio	0.40%	0.21%
Max Drawdown	32.16%	17.54%
Sharpe Ratio	1.77	2.21
5Y Beta	0.63	0.74
P/E Ratio	N/A	19.53
Forward P/E	N/A	14.81
5Y Dividends CAGR	-3.87%	N/A
5Y EPS CAGR	N/A	14.83%
Debt to Equity	N/A	42.49%
P/S Ratio	N/A	2.13
P/B Ratio	N/A	2.79

Net Assets

CWB

$6.20B

DFLV

$6.20B

Expense Ratio

CWB

0.40%

Winner

DFLV

0.21%

Max Drawdown

CWB

32.16%

Winner

DFLV

17.54%

Sharpe Ratio

CWB

1.77

Winner

DFLV

2.21

5Y Beta

Winner

CWB

0.63

DFLV

0.74

P/E Ratio

CWB

N/A

DFLV

19.53

Forward P/E

CWB

N/A

DFLV

14.81

5Y Dividends CAGR

CWB

-3.87%

DFLV

N/A

5Y EPS CAGR

CWB

N/A

DFLV

14.83%

Debt to Equity

CWB

N/A

DFLV

42.49%

P/S Ratio

CWB

N/A

DFLV

2.13

P/B Ratio

CWB

N/A

DFLV

2.79

CWB vs DFLV - Historical Returns

Returns include dividend reinvestment.

Period	CWB	DFLV
1 month	+2.12%	+4.31%
3 months	+16.57%	+13.22%
6 months	+19.37%	+16.81%
1 year	+34.35%	+32.30%
5 years(CAGR)	+6.71%	N/A
10 years(CAGR)	+12.69%	N/A
Max(CAGR)	+11.89%	+16.46%

CWB

+2.12%

Winner

DFLV

+4.31%

Winner

CWB

+16.57%

DFLV

+13.22%

Winner

CWB

+19.37%

DFLV

+16.81%

Winner

CWB

+34.35%

DFLV

+32.30%

5Y(CAGR)

CWB

+6.71%

DFLV

N/A

10Y(CAGR)

CWB

+12.69%

DFLV

N/A

Max(CAGR)

CWB

+11.89%

Winner

DFLV

+16.46%

CWB vs DFLV - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CWB	DFLV
2026	+18.77%	+15.61%
2025	+16.44%	+16.09%
2024	+10.97%	+12.38%
2023	+14.90%	+12.67%
2022	-20.52%	-0.68%
2021	+2.71%	N/A
2020	+52.07%	N/A
2019	+22.44%	N/A
2018	-3.35%	N/A
2017	+15.84%	N/A
2016	+11.56%	N/A
2015	-0.87%	N/A
2014	+8.01%	N/A
2013	+19.29%	N/A
2012	+14.23%	N/A
2011	-7.95%	N/A
2010	+12.77%	N/A
2009	+29.61%	N/A

CWB vs DFLV Drawdown Comparison

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The maximum drawdown for DFLV was -16.80%, occurring on Apr 8, 2025. Recovery took 184 trading sessions.

The current CWB drawdown is -3.49%.

Rank	CWB	DFLV
#1	-32.06% Feb 19, 2020 - Jun 8, 2020	-16.80% Nov 25, 2024 - Aug 22, 2025
#2	-29.86% Feb 12, 2021 - Jul 16, 2025	-11.29% Jul 31, 2023 - Dec 13, 2023
#3	-17.09% May 2, 2011 - Oct 18, 2012	-11.21% Feb 2, 2023 - Jul 21, 2023
#4	-15.95% Jun 1, 2015 - Jul 22, 2016	-6.10% Jul 31, 2024 - Aug 23, 2024
#5	-13.79% Jun 20, 2018 - Feb 25, 2019	-5.48% Feb 11, 2026 - Apr 17, 2026
#6	-10.76% Apr 26, 2010 - Oct 5, 2010	-5.40% Mar 28, 2024 - Jul 16, 2024
#7	-9.06% Sep 5, 2014 - Mar 20, 2015	-4.25% Dec 13, 2022 - Jan 6, 2023
#8	-7.61% Sep 1, 2020 - Oct 9, 2020	-4.11% Nov 12, 2025 - Nov 28, 2025
#9	-7.58% Jan 19, 2010 - Mar 8, 2010	-3.77% Aug 30, 2024 - Sep 19, 2024
#10	-7.52% Oct 29, 2025 - Jan 13, 2026	-3.20% Oct 6, 2025 - Oct 27, 2025
#11	-7.36% Jan 26, 2018 - Mar 12, 2018	-2.95% Oct 18, 2024 - Nov 6, 2024
#12	-6.76% Jan 28, 2026 - Apr 8, 2026	-2.81% Jan 13, 2023 - Jan 26, 2023
#13	-6.66% Jun 2, 2026 - Jun 10, 2026	-2.64% Jul 17, 2024 - Jul 31, 2024
#14	-6.52% May 21, 2013 - Jul 22, 2013	-2.54% Jan 2, 2024 - Jan 25, 2024
#15	-6.24% May 3, 2019 - Jul 12, 2019	-2.24% Jun 4, 2026 - Jun 12, 2026

Correlation

Correlation between CWB and DFLV is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2009 - 2026)

CWB vs DFLV dividend yield comparison.

Year	CWB	DFLV
2026	0.58%	0.33%
2025	1.69%	1.61%
2024	1.85%	1.65%
2023	1.97%	1.72%
2022	2.21%	0.11%
2021	1.97%	0.00%
2020	2.34%	0.00%
2019	3.03%	0.00%
2018	6.17%	0.00%
2017	4.25%	0.00%
2016	4.60%	0.00%
2015	7.52%	0.00%
2014	7.37%	0.00%
2013	3.66%	0.00%
2012	3.84%	0.00%
2011	4.97%	0.00%
2010	4.59%	0.00%
2009	3.88%	0.00%