CWB vs LMBS

Comparison between STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF) and FIRST TRUST LOW DURATION OPPORTUNITIES ETF (LMBS, ETF).

5-Year PerformanceCWB has outperformed LMBS, delivering a return of +6.7% compared to +3.0%

CWB vs LMBS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CWB(ETF)	LMBS(ETF)
Net Assets	$6.20B	$6.30B
Expense Ratio	0.40%	0.66%
Max Drawdown	32.16%	11.76%
Sharpe Ratio	1.77	1.06
5Y Beta	0.63	0.01
5Y Dividends CAGR	-3.87%	12.62%

Net Assets

CWB

$6.20B

Winner

LMBS

$6.30B

Expense Ratio

Winner

CWB

0.40%

LMBS

0.66%

Max Drawdown

CWB

32.16%

Winner

LMBS

11.76%

Sharpe Ratio

Winner

CWB

1.77

LMBS

1.06

5Y Beta

CWB

0.63

Winner

LMBS

0.01

5Y Dividends CAGR

CWB

-3.87%

Winner

LMBS

12.62%

CWB vs LMBS - Historical Returns

Returns include dividend reinvestment.

Period	CWB	LMBS
1 month	+2.12%	+0.23%
3 months	+16.57%	+0.61%
6 months	+19.37%	+1.67%
1 year	+34.35%	+5.69%
5 years(CAGR)	+6.71%	+3.04%
10 years(CAGR)	+12.69%	+2.69%
Max(CAGR)	+11.89%	+3.01%

Winner

CWB

+2.12%

LMBS

+0.23%

Winner

CWB

+16.57%

LMBS

+0.61%

Winner

CWB

+19.37%

LMBS

+1.67%

Winner

CWB

+34.35%

LMBS

+5.69%

5Y(CAGR)

Winner

CWB

+6.71%

LMBS

+3.04%

10Y(CAGR)

Winner

CWB

+12.69%

LMBS

+2.69%

Max(CAGR)

Winner

CWB

+11.89%

LMBS

+3.01%

CWB vs LMBS - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CWB	LMBS
2026	+18.77%	+1.49%
2025	+16.44%	+7.05%
2024	+10.97%	+5.30%
2023	+14.90%	+6.26%
2022	-20.52%	-2.97%
2021	+2.71%	-1.01%
2020	+52.07%	+1.60%
2019	+22.44%	+4.10%
2018	-3.35%	+1.50%
2017	+15.84%	+1.55%
2016	+11.56%	+6.56%
2015	-0.87%	+2.56%
2014	+8.01%	+1.57%
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 LMBS Drawdown Comparison

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

The maximum drawdown for LMBS was -6.49%, occurring on Oct 21, 2022. Recovery took 948 trading sessions.

The current CWB drawdown is -3.49%. The current LMBS drawdown is -0.17%.

Rank	CWB	LMBS
#1	-32.06% Feb 19, 2020 - Jun 8, 2020	-6.49% Mar 6, 2020 - Dec 11, 2023
#2	-29.86% Feb 12, 2021 - Jul 16, 2025	-1.85% Jan 6, 2015 - Mar 12, 2015
#3	-17.09% May 2, 2011 - Oct 18, 2012	-1.72% Apr 4, 2025 - Jun 11, 2025
#4	-15.95% Jun 1, 2015 - Jul 22, 2016	-1.52% Oct 1, 2024 - Feb 5, 2025
#5	-13.79% Jun 20, 2018 - Feb 25, 2019	-1.45% Mar 27, 2024 - May 15, 2024
#6	-10.76% Apr 26, 2010 - Oct 5, 2010	-1.43% Feb 27, 2026 - Mar 27, 2026
#7	-9.06% Sep 5, 2014 - Mar 20, 2015	-1.25% Aug 24, 2015 - Oct 6, 2015
#8	-7.61% Sep 1, 2020 - Oct 9, 2020	-0.97% Dec 4, 2014 - Dec 26, 2014
#9	-7.58% Jan 19, 2010 - Mar 8, 2010	-0.89% Apr 6, 2015 - May 7, 2015
#10	-7.52% Oct 29, 2025 - Jan 13, 2026	-0.86% Nov 4, 2016 - Apr 4, 2017
#11	-7.36% Jan 26, 2018 - Mar 12, 2018	-0.85% Feb 1, 2024 - Mar 6, 2024
#12	-6.76% Jan 28, 2026 - Apr 8, 2026	-0.81% Feb 18, 2016 - Mar 17, 2016
#13	-6.66% Jun 2, 2026 - Jun 10, 2026	-0.74% Mar 12, 2015 - Mar 20, 2015
#14	-6.52% May 21, 2013 - Jul 22, 2013	-0.74% May 15, 2024 - Jun 5, 2024
#15	-6.24% May 3, 2019 - Jul 12, 2019	-0.67% Jan 11, 2016 - Jan 20, 2016

Correlation

Correlation between CWB and LMBS is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2009 - 2026)

CWB vs LMBS dividend yield comparison.

Year	CWB	LMBS
2026	0.58%	1.71%
2025	1.69%	4.08%
2024	1.85%	4.28%
2023	1.97%	3.96%
2022	2.21%	2.22%
2021	1.97%	2.04%
2020	2.34%	2.27%
2019	3.03%	2.55%
2018	6.17%	2.76%
2017	4.25%	2.73%
2016	4.60%	2.84%
2015	7.52%	3.03%
2014	7.37%	0.37%
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%