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Upturn AI SWOT - About
SPDR® Bloomberg Convertible Securities ETF (CWB)
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Upturn Advisory Summary
10/10/2025: CWB (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 29.84% | Avg. Invested days 68 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/10/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.85 | 52 Weeks Range 68.90 - 82.52 | Updated Date 06/29/2025 |
52 Weeks Range 68.90 - 82.52 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® Bloomberg Convertible Securities ETF
ETF Overview
Overview
The SPDRu00ae Bloomberg Convertible Securities ETF (CWB) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Convertible Securities Composite Index. It primarily invests in U.S. dollar-denominated convertible securities and aims for a broad diversification across issuers.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record of managing ETFs.
Management Expertise
SSGA has significant experience and expertise in managing fixed-income and convertible securities ETFs.
Investment Objective
Goal
To track the performance of the Bloomberg U.S. Convertible Securities Composite Index.
Investment Approach and Strategy
Strategy: The ETF employs a replication strategy, meaning it aims to hold all or a substantially all of the securities included in the Bloomberg U.S. Convertible Securities Composite Index.
Composition The ETF holds a portfolio of convertible bonds issued by various companies.
Market Position
Market Share: CWB holds a significant portion of the market share in the convertible securities ETF sector.
Total Net Assets (AUM): 247562967.11
Competitors
Key Competitors
- Calamos Convertible Securities ETF (CXSE)
- First Trust CBOE Vest U.S. Equity Deep Buffer ETF (BUFR)
- Invesco QQQ Trust (QQQ)
- Innovator Defined Wealth Shield ETF (BALT)
Competitive Landscape
The convertible securities ETF market has several key competitors. CWB's strength lies in its replication strategy and SSGA's reputation. CXSE is actively managed, which may lead to outperformance or underperformance. BUFR provides a downside buffered product. CWB offers a passive approach with the greatest total net assets.
Financial Performance
Historical Performance: Historical performance data is not provided in the prompt.
Benchmark Comparison: Benchmark comparison is not provided in the prompt.
Expense Ratio: 0.4
Liquidity
Average Trading Volume
The average daily trading volume for CWB indicates moderate liquidity.
Bid-Ask Spread
The typical bid-ask spread for CWB is generally tight, reflecting reasonable trading efficiency.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates and credit spreads, the performance of the stock market, and specific company news influence the convertible bond market affecting CWB.
Growth Trajectory
Growth trends mirror the issuance and demand for convertible securities, influenced by capital market conditions and corporate financing needs.
Moat and Competitive Advantages
Competitive Edge
CWB's competitive advantages include its large asset base, representing a larger market share relative to competitors. Its replication strategy ensures tracking of the Bloomberg U.S. Convertible Securities Composite Index. SSGA's brand reputation and experience further contribute to its competitive edge. The ETF's expense ratio is competitive with the fees charged by other convertible ETF products. These attributes make CWB a solid choice among its peers.
Risk Analysis
Volatility
CWB's volatility depends on the underlying convertible securities, reflecting a mix of equity and fixed-income risk.
Market Risk
Market risk includes interest rate risk (as convertible bonds are fixed income instruments) and equity risk (as the conversion feature ties the bond to the issuer's stock).
Investor Profile
Ideal Investor Profile
The ideal investor profile includes those seeking a mix of equity upside and fixed-income downside protection, or those looking to diversify their portfolio with convertible securities.
Market Risk
CWB is suitable for investors looking for a hybrid investment strategy, blending the features of stocks and bonds, and may appeal to both long-term investors and active traders.
Summary
The SPDRu00ae Bloomberg Convertible Securities ETF (CWB) offers investors exposure to the convertible securities market, blending the characteristics of equity and fixed income. It tracks the Bloomberg U.S. Convertible Securities Composite Index, providing a broad and diversified portfolio. Managed by State Street Global Advisors (SSGA), it benefits from the issuer's reputation and expertise. The ETF's competitive expense ratio and trading liquidity make it a suitable option for investors seeking a mix of capital appreciation and income, while understanding the combined risks of equity and bond markets. The ideal investors are those who seek portfolio diversification through convertible instruments or are looking for returns similar to the stock market but with less volatility.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors website
- Bloomberg
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions can change, and past performance is not indicative of future results. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg Convertible Securities ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities, such as convertible bonds and convertible preferred stock.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.