GCVG vs. AT1D - ETF Comparison
GCVG - SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF
The SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF tracks the Refinitiv Qualified Global Convertible (GBP Hedged) index, providing exposure to a broad range of global convertible bonds. The fund is currency hedged to British Pound (GBP) and distributes interest income semi-annually. With a total expense ratio of 0.55%, this ETF offers a cost-effective way to access the global convertible bond market.
AT1D - Invesco AT1 Capital Bond UCITS ETF Dist
The Invesco AT1 Capital Bond UCITS ETF Dist is an exchange-traded fund that tracks the iBoxx USD Contingent Convertible Liquid Developed Market AT1 index, providing investors with exposure to a diversified portfolio of USD-denominated contingent convertible bonds issued by developed-country banks worldwide.
| GCVG | AT1D | |
|---|---|---|
| Fund Name | SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF | Invesco AT1 Capital Bond UCITS ETF Dist |
| Fund Provider | State Street | Invesco |
| Index | Refinitiv Qualified Global Convertible (GBP Hedged) | iBoxx® USD Contingent Convertible Liquid Developed Market AT1 |
| Asset Class | Bonds | Bonds |
| Listing | EU-listed | EU-listed |
| Expense Ratio | 0.55% | 0.39% |
| Inception Date | 2022-01-31 | 2018-09-24 |
| Number Of Holdings | 342 | 80 |
| Currency | GBP | USD |
| Distribution Policy | Distributing | Distributing |
| Region | Global | Developed Markets |
| Bond Type | Convertible Bonds | Convertible Bonds |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.