TBIL vs ICVT
Comparison between F/M US TREASURY 3 MONTH BILL ETF (TBIL, ETF) and ISHARES CONVERTIBLE BOND ETF (ICVT, ETF).
TBIL vs ICVT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TBIL
$7.10B
ICVT
$7.10B
Expense Ratio
Winner
TBIL
0.15%
ICVT
0.20%
Max Drawdown
Winner
TBIL
0.58%
ICVT
38.15%
Sharpe Ratio
TBIL
0.41
Winner
ICVT
2.02
5Y Beta
Winner
TBIL
0.00
ICVT
0.60
5Y Dividends CAGR
TBIL
N/A
ICVT
-14.58%
TBIL vs ICVT - Historical Returns
Returns include dividend reinvestment.
1M
TBIL
+0.28%
Winner
ICVT
+3.04%
3M
TBIL
+0.91%
Winner
ICVT
+18.52%
6M
TBIL
+1.76%
Winner
ICVT
+22.69%
1Y
TBIL
+3.91%
Winner
ICVT
+40.16%
5Y(CAGR)
TBIL
N/A
ICVT
+6.97%
10Y(CAGR)
TBIL
N/A
ICVT
+13.97%
Max(CAGR)
TBIL
+4.51%
Winner
ICVT
+11.92%
TBIL vs ICVT - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | TBIL | ICVT |
|---|---|---|
| 2026 | +1.65% | +22.51% |
| 2025 | +4.19% | +18.03% |
| 2024 | +5.14% | +11.71% |
| 2023 | +5.10% | +15.59% |
| 2022 | +1.30% | -20.76% |
| 2021 | N/A | -0.63% |
| 2020 | N/A | +59.30% |
| 2019 | N/A | +22.39% |
| 2018 | N/A | -1.05% |
| 2017 | N/A | +15.43% |
| 2016 | N/A | +11.50% |
| 2015 | N/A | -6.03% |
TBIL vs ICVT Drawdown Comparison
The maximum drawdown for TBIL was -0.10%, occurring on Oct 5, 2022. Recovery took 10 trading sessions.
The maximum drawdown for ICVT was -33.15%, occurring on Jun 16, 2022. Recovery took 1145 trading sessions.
The current ICVT drawdown is -1.95%.
| Rank | TBIL | ICVT |
|---|---|---|
| #1 | -0.10% Oct 3, 2022 - Oct 17, 2022 | -33.15% Feb 12, 2021 - Sep 5, 2025 |
| #2 | -0.05% Dec 23, 2022 - Dec 29, 2022 | -32.18% Feb 19, 2020 - Jun 5, 2020 |
| #3 | -0.04% Aug 10, 2022 - Aug 25, 2022 | -18.52% Jun 23, 2015 - Oct 10, 2016 |
| #4 | -0.04% Nov 14, 2022 - Nov 17, 2022 | -13.86% Aug 29, 2018 - Feb 25, 2019 |
| #5 | -0.04% Apr 5, 2023 - Apr 12, 2023 | -8.63% Sep 1, 2020 - Oct 9, 2020 |
| #6 | -0.02% Jul 3, 2025 - Jul 9, 2025 | -7.55% Nov 3, 2025 - Jan 16, 2026 |
| #7 | -0.02% Aug 2, 2024 - Aug 7, 2024 | -6.75% Jan 26, 2018 - Mar 8, 2018 |
| #8 | -0.02% Mar 4, 2025 - Mar 7, 2025 | -6.74% Jun 2, 2026 - Jun 18, 2026 |
| #9 | -0.02% Feb 3, 2025 - Feb 5, 2025 | -6.55% Jul 24, 2019 - Nov 25, 2019 |
| #10 | -0.02% Oct 17, 2022 - Oct 25, 2022 | -6.17% Jan 28, 2026 - Apr 8, 2026 |
| #11 | -0.02% Jul 9, 2024 - Jul 11, 2024 | -5.84% Mar 12, 2018 - May 30, 2018 |
| #12 | -0.02% May 1, 2026 - May 5, 2026 | -5.49% May 3, 2019 - Jul 1, 2019 |
| #13 | -0.02% Feb 2, 2024 - Feb 8, 2024 | -4.87% Jun 8, 2020 - Jun 17, 2020 |
| #14 | -0.02% May 7, 2025 - May 9, 2025 | -4.66% Oct 13, 2020 - Nov 5, 2020 |
| #15 | -0.02% Jan 3, 2025 - Jan 8, 2025 | -4.43% Jun 20, 2018 - Aug 28, 2018 |
Correlation
Correlation between TBIL and ICVT is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2015 - 2026)
TBIL vs ICVT dividend yield comparison.
| Year | TBIL | ICVT |
|---|---|---|
| 2026 | 1.49% | 0.51% |
| 2025 | 4.06% | 1.73% |
| 2024 | 5.02% | 2.19% |
| 2023 | 5.00% | 1.85% |
| 2022 | 1.10% | 1.93% |
| 2021 | 0.00% | 7.70% |
| 2020 | 0.00% | 3.98% |
| 2019 | 0.00% | 1.86% |
| 2018 | 0.00% | 4.82% |
| 2017 | 0.00% | 2.56% |
| 2016 | 0.00% | 3.06% |
| 2015 | 0.00% | 1.57% |
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