PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AXON vs. CVD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AXON vs. CVD.TO

Last updated Jun 13, 2026

AXON (Axon Enterprise, Inc.) is a stock, while CVD.TO (iShares Convertible Bond Index ETF) is High Yield Bonds fund tracking the FTSE Canada Convertible Bond Index. Over the past 10 years, AXON returned 34.58%/yr vs 3.68%/yr for CVD.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

AXON vs. CVD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axon Enterprise, Inc. (AXON) and iShares Convertible Bond Index ETF (CVD.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

AXON is traded in USD, while CVD.TO is traded in CAD. To make them comparable, the CVD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AXON achieves a -22.22% return, which is significantly lower than CVD.TO's 1.91% return. Over the past 10 years, AXON has outperformed CVD.TO with an annualized return of 34.58%, while CVD.TO has yielded a comparatively lower 3.68% annualized return.

AXON

1D
-1.00%
1M
12.72%
YTD
-22.22%
6M
-21.72%
1Y
-43.41%
3Y*
30.96%
5Y*
22.92%
10Y*
34.58%

CVD.TO

1D
-0.62%
1M
-0.61%
YTD
1.91%
6M
-0.80%
1Y
4.81%
3Y*
6.52%
5Y*
1.48%
10Y*
3.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AXON vs. CVD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AXON
Axon Enterprise, Inc.		-22.22%-4.44%130.06%55.69%5.69%28.13%67.21%67.50%65.09%9.32%
CVD.TO
iShares Convertible Bond Index ETF		1.91%12.22%3.88%6.17%-10.31%5.38%6.19%15.02%-10.23%11.62%

Correlation

The correlation between AXON and CVD.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2011

0.06

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Axon Enterprise, Inc.

iShares Convertible Bond Index ETF

Often compared with AXON:
AXON vs. TDGAXON vs. HEIAXON vs. CMGAXON vs. HUBBAXON vs. ITRIAXON vs. ATROAXON vs. ENTG
Often compared with CVD.TO:
CVD.TO vs. ZWC.TOCVD.TO vs. ICVTCVD.TO vs. XHY.TOCVD.TO vs. CGHY.TOCVD.TO vs. XHB.TOCVD.TO vs. ZHY.TOCVD.TO vs. XSB.TO

Return for Risk

AXON vs. CVD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AXON
AXON Risk / Return Rank: 1313
Overall Rank
AXON Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
AXON Sortino Ratio Rank: 1212
Sortino Ratio Rank
AXON Omega Ratio Rank: 1212
Omega Ratio Rank
AXON Calmar Ratio Rank: 1616
Calmar Ratio Rank
AXON Martin Ratio Rank: 1515
Martin Ratio Rank
CVD.TO
CVD.TO Risk / Return Rank: 3535
Overall Rank
CVD.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
CVD.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
CVD.TO Omega Ratio Rank: 3535
Omega Ratio Rank
CVD.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
CVD.TO Martin Ratio Rank: 3838
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AXON vs. CVD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and iShares Convertible Bond Index ETF (CVD.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

AXONCVD.TODifference
Sharpe ratioReturn per unit of total volatility
-0.78
0.58

-1.36

Sortino ratioReturn per unit of downside risk
-1.04
0.84

-1.88

Omega ratioGain probability vs. loss probability

0.87

1.11

-0.24

Calmar ratioReturn relative to maximum drawdown

-0.72

1.24

-1.96

Martin ratioReturn relative to average drawdown

-1.22

2.65

-3.87

AXON vs. CVD.TO - Sharpe Ratio Comparison

The current AXON Sharpe Ratio is -0.78, which is lower than the CVD.TO Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of AXON and CVD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

AXON vs. CVD.TO - Drawdown Comparison

The maximum AXON drawdown since its inception was -91.78%, which is greater than CVD.TO's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for AXON and CVD.TO.

Loading charts...

Drawdown Indicators

AXONCVD.TODifference

Max Drawdown

Largest peak-to-trough decline

-91.78%

-34.37%

-57.41%

Max Drawdown (1Y)

Largest decline over 1 year

-60.28%

-4.02%

-56.26%

Max Drawdown (3Y)

Largest decline over 3 years

-60.28%

-14.52%

-45.76%

Max Drawdown (5Y)

Largest decline over 5 years

-60.28%

-22.91%

-37.37%

Max Drawdown (10Y)

Largest decline over 10 years

-60.28%

-30.24%

-30.04%

Current Drawdown

Current decline from peak

-49.28%

-3.39%

-45.89%

Average Drawdown

Average peak-to-trough decline

-43.60%

-9.33%

-34.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

35.34%

1.88%

+33.46%

Volatility

AXON vs. CVD.TO - Volatility Comparison

Axon Enterprise, Inc. (AXON) has a higher volatility of 17.73% compared to iShares Convertible Bond Index ETF (CVD.TO) at 1.80%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than CVD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

AXONCVD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.73%

1.80%

+15.93%

Volatility (6M)

Calculated over the trailing 6-month period

44.20%

6.69%

+37.51%

Volatility (1Y)

Calculated over the trailing 1-year period

55.66%

8.63%

+47.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.94%

11.38%

+36.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.18%

11.79%

+37.39%

Dividends

AXON vs. CVD.TO - Dividend Comparison

AXON has not paid dividends to shareholders, while CVD.TO's dividend yield for the trailing twelve months is around 4.91%.

PositionTTM20252024202320222021202020192018201720162015
AXON
Axon Enterprise, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CVD.TO
iShares Convertible Bond Index ETF		4.91%4.91%5.14%5.33%5.05%4.61%4.48%4.52%4.97%4.65%4.51%4.94%

Frequently Asked Questions

AXON and CVD.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for AXON and CVD.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer