THRO vs ICVT

Comparison between BlackRock Future U.S. Themes ETF (THRO, ETF) and ISHARES CONVERTIBLE BOND ETF (ICVT, ETF).

THRO vs ICVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	THRO(ETF)	ICVT(ETF)
Net Assets	$7.10B	$7.10B
Expense Ratio	0.57%	0.20%
Max Drawdown	26.97%	38.15%
Sharpe Ratio	1.38	1.92
5Y Beta	1.01	0.59
P/E Ratio	27.08	N/A
Forward P/E	21.68	N/A
PEG Ratio	0.50	N/A
5Y Dividends CAGR	N/A	-14.58%
5Y EPS CAGR	26.87%	N/A
Debt to Equity	44.63%	N/A
P/S Ratio	3.45	N/A
P/B Ratio	6.30	N/A

Net Assets

THRO

$7.10B

ICVT

$7.10B

Expense Ratio

THRO

0.57%

Winner

ICVT

0.20%

Max Drawdown

Winner

THRO

26.97%

ICVT

38.15%

Sharpe Ratio

THRO

1.38

Winner

ICVT

1.92

5Y Beta

THRO

1.01

Winner

ICVT

0.59

P/E Ratio

THRO

27.08

ICVT

N/A

Forward P/E

THRO

21.68

ICVT

N/A

PEG Ratio

THRO

0.50

ICVT

N/A

5Y Dividends CAGR

THRO

N/A

ICVT

-14.58%

5Y EPS CAGR

THRO

26.87%

ICVT

N/A

Debt to Equity

THRO

44.63%

ICVT

N/A

P/S Ratio

THRO

3.45

ICVT

N/A

P/B Ratio

THRO

6.30

ICVT

N/A

THRO vs ICVT - Historical Returns

Returns include dividend reinvestment.

Period	THRO	ICVT
1 month	+1.04%	+2.49%
3 months	+14.81%	+17.77%
6 months	+11.05%	+21.27%
1 year	+23.75%	+38.04%
5 years(CAGR)	+13.37%	+6.89%
10 years(CAGR)	N/A	+13.71%
Max(CAGR)	+13.37%	+11.77%

THRO

+1.04%

Winner

ICVT

+2.49%

THRO

+14.81%

Winner

ICVT

+17.77%

THRO

+11.05%

Winner

ICVT

+21.27%

THRO

+23.75%

Winner

ICVT

+38.04%

5Y(CAGR)

Winner

THRO

+13.37%

ICVT

+6.89%

10Y(CAGR)

THRO

N/A

ICVT

+13.71%

Max(CAGR)

Winner

THRO

+13.37%

ICVT

+11.77%

THRO vs ICVT - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	THRO	ICVT
2026	+10.50%	+20.40%
2025	+15.04%	+18.03%
2024	+33.44%	+11.71%
2023	+25.34%	+15.59%
2022	-17.91%	-20.76%
2021	+2.14%	-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%

THRO vs ICVT Drawdown Comparison

The maximum drawdown for THRO was -26.54%, occurring on Sep 30, 2022. Recovery took 494 trading sessions.

The maximum drawdown for ICVT was -33.15%, occurring on Jun 16, 2022. Recovery took 1145 trading sessions.

The current THRO drawdown is -2.33%. The current ICVT drawdown is -3.35%.

Rank	THRO	ICVT
#1	-26.54% Dec 27, 2021 - Dec 13, 2023	-33.15% Feb 12, 2021 - Sep 5, 2025
#2	-19.07% Jan 23, 2025 - Jun 30, 2025	-32.18% Feb 19, 2020 - Jun 5, 2020
#3	-10.87% Jan 27, 2026 - Apr 15, 2026	-18.52% Jun 23, 2015 - Oct 10, 2016
#4	-9.28% Jul 16, 2024 - Aug 23, 2024	-13.86% Aug 29, 2018 - Feb 25, 2019
#5	-6.49% Mar 22, 2024 - May 15, 2024	-8.63% Sep 1, 2020 - Oct 9, 2020
#6	-5.40% Oct 29, 2025 - Dec 23, 2025	-7.55% Nov 3, 2025 - Jan 16, 2026
#7	-5.36% Aug 23, 2024 - Sep 19, 2024	-6.75% Jan 26, 2018 - Mar 8, 2018
#8	-5.01% Jun 2, 2026 - Jun 10, 2026	-6.74% Jun 2, 2026 - Jun 10, 2026
#9	-4.87% Dec 4, 2024 - Jan 22, 2025	-6.55% Jul 24, 2019 - Nov 25, 2019
#10	-3.12% Oct 18, 2024 - Nov 6, 2024	-6.17% Jan 28, 2026 - Apr 8, 2026
#11	-2.91% Oct 8, 2025 - Oct 24, 2025	-5.84% Mar 12, 2018 - May 30, 2018
#12	-2.80% Jan 12, 2026 - Jan 27, 2026	-5.49% May 3, 2019 - Jul 1, 2019
#13	-2.69% Dec 26, 2023 - Jan 10, 2024	-4.87% Jun 8, 2020 - Jun 17, 2020
#14	-2.52% Nov 8, 2024 - Nov 25, 2024	-4.66% Oct 13, 2020 - Nov 5, 2020
#15	-2.39% Jul 28, 2025 - Aug 8, 2025	-4.43% Jun 20, 2018 - Aug 28, 2018

Correlation

Correlation between THRO and ICVT is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2015 - 2026)

THRO vs ICVT dividend yield comparison.

Year	THRO	ICVT
2026	0.04%	0.52%
2025	0.15%	1.73%
2024	0.73%	2.19%
2023	0.55%	1.85%
2022	0.90%	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%