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ACVT vs MCVT

Advent Convertible Bond ETF

ACVTCNYSE Arca

Miller Convertible Total Return ETF

MCVTCNYSE Arca

Overlap

No data

Expense ratio

ACVT −0.20pt a year

ACVT0.65%MCVT0.85%

Avg volume · 30D

MCVT 3.0×the volume

ACVT5.09KMCVT15.4K

ACVT vs MCVT Performance

Aug 5, 2026 – Nov 5, 2026

−2.9%ACVT−7.3%MCVT

Aug 5, 2026 to Nov 5, 2026. ACVT −2.9%. MCVT −7.3%. Use the arrow keys to read each point.−6%−4%0%2%Aug 2026Sep 2026Nov 2026
Expense ratio
ACVT 0.65%, better
MCVT 0.85%
Fund size
ACVT $43M
MCVT $31M
1Y total return
ACVT +5.0%
MCVT No data
Yield (12M)
ACVT 1.56%
MCVT No data
Holdings
ACVT 64
MCVT 45
Avg volume (30D)
ACVT 5.09K sh
MCVT 15.4K sh, better
NAV per share
ACVT $27.84
MCVT $27.28
52W range

ETF.net Grade

ACVT: Cost 56, Risk 79, Mission 28, Tradability 32, Holdings 64, Durability 49. MCVT: Cost 20, Risk 75, Mission not scored, Tradability 60, Holdings 56, Durability 21.
Pillar letters and Scores for ACVT, MCVT, with each pillar’s weight
PillarACVTMCVT
Cost30% weightB56HigherF20
Mission25% weightD28Not scored
Risk15% weightA79HigherA75
Tradability15% weightD32B60Higher
Holdings10% weightB64HigherB56
Durability5% weightC49HigherF21

Rank among Convertible Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ACVT and MCVT are both graded against the same 7 Convertible Bond funds, so their Grades compare head to head.

Convertible Bond⁠

Category · 7 funds
See all 7 ›

ACVT ranks 4th and MCVT 6th of 7 funds in the Convertible Bond Category.

  1. Rank 1AICVTiShares Convertible Bond ETFScore 83
  2. Rank 2ACWBState Street SPDR Bloomberg Convertible Securities ETFScore 77
  3. Rank 3CCVRTCalamos Convertible Equity Alternative ETFScore 51
  4. Rank 4CACVTAdvent Convertible Bond ETFScore 49
  5. Rank 4CFCVTFirst Trust SSI Strategic Convertible Securities ETFScore 49
  6. Rank 6CMCVTMiller Convertible Total Return ETFScore 43
  7. Rank 7CDADSDigital Asset Debt Strategy ETFScore 41

Our read on each fund

ETF.net Research

ACVTCAdvent Convertible Bond ETF

MCVTCMiller Convertible Total Return ETF

In short

ACVT No data

MCVT Convertibles handled by bond people, not stock people: Wellesley, a convertibles-only shop since 1991, hunts converts with put provisions, short maturities and issuer principal guarantees. Active where most rivals just index.

Stated mandate

ACVT No data

MCVT The fund seeks to maximize total return while limiting volatility and preserving principal. Its strategy uses convertible securities to combine income potential with capital appreciation.

Why people hold it

ACVT No data

  • MCVT Bond-first mechanics: it targets convertibles with put provisions, remaining maturities generally under seven years, or an issuer guarantee of principal.sec.gov
  • Active, not index-bound: the manager buys a convert when it sees a high probability the bond's principal is repaid at the put or at maturity.sec.gov
  • Specialist bench: Wellesley has built its business around convertible bonds since 1991, and the founding family sits on the portfolio management team.wellesleyassetmanagement.commilleretf.com

Worth knowing

ACVT No data

  • MCVT Costs 0.85% a year, above the category's index choices such as ICVT (0.20%) and CWB (0.40%). You are paying for security selection, not market beta.
  • New in ETF form (NYSE Arca, 2026) and small so far, so spreads and daily liquidity can run thinner than the category's index heavyweights.prnewswire.com
  • Put provisions and principal guarantees are only as strong as the issuer behind them, so credit risk travels with the equity upside.sec.gov

Full ACVT profile⁠

Full MCVT profile⁠

ACVT vs MCVT Holdings

How ACVT and MCVT differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile97.4%
  • Asset classBonds100%

Sector

No Sector split for ACVT and MCVT.

Country, concentration and asset class

Country by domicile

Country weights in ACVT and MCVT, widest gap first
CountryMore in ACVTMore in MCVTGap
United StatesMCVT +2.6 points
United KingdomACVT +2.6 points

Concentration

Weight in the 10 largest Holdings

  • ACVT28.1%
  • MCVT29.4%

Securities held

  • ACVT63
  • MCVT45

Asset class

ACVT
Bonds
MCVT
Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. ACVT holds 63 securities, MCVT 45.

All ACVT holdings⁠All MCVT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACVT vs MCVT Cost

Overpaying MCVT vs ACVT

$3,482

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ACVT 0.65%

    $12,717

  • MCVT 0.85%

    $16,199

$10,000
30 years

Cost over time

  • ACVT 0.65%
  • MCVT 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MCVT $16,199ACVT $12,717

Year by year

YearACVTMCVTOverpaying
10$1,163$1,508$345
20$4,440$5,706$1,266
30$12,717$16,199$3,482

Expense ratio

  • 0.65%ACVT, cheaper
  • 0.85%MCVT
  • Middle half of Convertible Bond funds
  • Median 0.69%

ACVT 3rd cheapest of 7 funds

MCVT 6th cheapest of 7 funds

ACVT vs MCVT Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
ACVT 1.56%
MCVT No data
Payout (12M)
ACVT $0.43
MCVT No data
Last payment
ACVT $0.03
MCVT $0.02
Ex-dividend
ACVT Oct 27, 2026
MCVT Sep 15, 2026
Paid on
ACVT Oct 28, 2026
MCVT Sep 21, 2026
Frequency
ACVT Monthly
MCVT Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

ACVTMonthly · 18 paymentsAll ACVT payments⁠
One bar per payment. 18 payments from 2025 to 2026 YTD. Jun 2, 2025 $0.03; Jul 1, 2025 $0.04; Aug 1, 2025 $0.04; Sep 2, 2025 $0.02; Oct 1, 2025 $0.04; Nov 3, 2025 $0.03; Dec 1, 2025 $0.04; Dec 30, 2025 $0.08; Jan 29, 2026 $0.04; Feb 26, 2026 $0.03; Mar 30, 2026 $0.04; Apr 28, 2026 $0.04; May 28, 2026 $0.03; Jun 29, 2026 $0.03; Jul 28, 2026 $0.03; Aug 27, 2026 $0.03; Sep 28, 2026 $0.03; Oct 27, 2026 $0.03. Use the arrow keys to read each point.$0$0.052026YTD
MCVTQuarterly · 2 paymentsAll MCVT payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 15, 2026 $0.0075; Sep 15, 2026 $0.02. Use the arrow keys to read each point.$0$0.052026YTD

ACVT vs MCVT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ACVT 5.9%since May 2025MCVT No data
Return per unit of riskSharpe ratio, 3 years
ACVT 0.78since May 2025MCVT No data
Worst fallMax drawdown, 5 years
ACVT −4.8%since Apr 2025MCVT No data
Market sensitivityBeta, 5 years
ACVT 0.44MCVT 0.38

Popular comparisons

  • ACVTCvsICVTA

    Advent Convertible Bond ETF · iShares Convertible Bond ETF

    Expense ratio
    0.65% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MCVTCvsICVTA

    Miller Convertible Total Return ETF · iShares Convertible Bond ETF

    Expense ratio
    0.85% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ACVTCvsCWBA

    Advent Convertible Bond ETF · State Street SPDR Bloomberg Convertible Securities ETF

    Expense ratio
    0.65% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MCVTCvsCWBA

    Miller Convertible Total Return ETF · State Street SPDR Bloomberg Convertible Securities ETF

    Expense ratio
    0.85% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ACVTCvsCVRTC

    Advent Convertible Bond ETF · Calamos Convertible Equity Alternative ETF

    Expense ratio
    0.65% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MCVTCvsCVRTC

    Miller Convertible Total Return ETF · Calamos Convertible Equity Alternative ETF

    Expense ratio
    0.85% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.