CWB's 19% YTD Return Shows How Convertible Bonds Bridge Stock Gains and Income Floor

Convertible bonds sit in an odd corner of capital markets: corporate debt with an embedded equity option, paying coupon income while carrying upside tied to the issuer's stock.

24/7 Wall Street • May 22, 2026

AI financing fueling a surge in U.S. convertible bond sales

Corporate America is tapping the convertible bond market at a record pace as companies linked to artificial intelligence drive a surge in demand for debt that often ​draws extra investor interest in hot markets because it can convert into equity.

Reuters • May 20, 2026

The Iran War Is Changing the Bond Playbook

Investors may be better off looking outside the world's core bond markets right now, Brij Khurana writes in a guest commentary.

Barrons • Apr 27, 2026

CWB: Bond ETF Looking Like A Low-Volatility Equity ETF

State Street® SPDR® Bloomberg Convertible Securities ETF offers exposure in hybrid assets labelled as bonds, but with strong correlation to equities. CWB's portfolio has low company risk and is dominated by unrated convertible securities and short maturities. Performance and risk metrics position CWB as more compelling than competitors, though yields are variable and currently unattractive for income-focused investors.

Seeking Alpha • Dec 31, 2025

CWB: Rate Cuts Mostly Benefit Large-Cap Tech

CWB has some reflexive stocks and also more traditional exposures that are more macro exposed, meaning an ambiguous effect of the rate cuts motivated by labour market concerns. However, ambiguity does favour the embedded option a bit in convertible bonds. Our thinking is that large cap tech has more to benefit from iffy, but still alright, macro outlook together with a rate cut than the stocks associated to CWB convertibles.

Seeking Alpha • Sep 22, 2025

CWB: Bond Index ETF With A Taste Of Equities

The SPDR Bloomberg Barclays Convertible Securities ETF holds a portfolio of 300 convertible securities, mostly without credit rating. CWB has a stronger correlation with stocks than with bonds and should be handled like a low-volatility equity ETF. CWB is the oldest and best-performing ETF among its peers.

Seeking Alpha • Mar 30, 2025

CWB: A Hybrid With Attractive Upside Potential

Convertible securities blend traits of bonds and stocks. They are worth considering given the way they balance growth with income. CWB's sector allocation highlights its approach of mixing income with growth.

Seeking Alpha • Nov 1, 2024

Caliber and Nasdaq to Host Webinar on Distressed Commercial Real Estate Assets on October 23, 2024

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #alternativeassets--Caliber will host a webinar with the Nasdaq stock exchange on “Growing Opportunities in Distressed Commercial Real Estate Assets” on Wed., Oct. 23.

Business Wire • Oct 2, 2024

CWB: A Useful Tactical Allocation Instrument

SPDR® Bloomberg Convertible Securities ETF holds a portfolio of convertible securities and is well-diversified. The CWB ETF is a hybrid asset with characteristics of both equity and fixed income, and its behavior is closer to a stock index than a bond index. CWB doesn't look attractive as a long-term investment, but it is a good instrument for tactical allocation in a rotational model.

Seeking Alpha • Mar 22, 2024

CWB: Solid Convertible Bond ETF For Total Return Or A Small Cap Alternative

CWB offers investors a way to access innovative companies but with historically lower risk than small cap stock ETFs like IWM. Convertible bonds have a favorable reward/risk profile over many years, with equity-like returns alongside payment of principal built into these securities. Credit markets' future refinancing needs, the so-called maturity wall, bode well for convertible demand as an alternative to traditional bonds' higher interest expense.

Seeking Alpha • Dec 31, 2023