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BBD-B.TO vs. CVD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBD-B.TO vs. CVD.TO

Last updated Jun 9, 2026

BBD-B.TO (Bombardier 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, BBD-B.TO returned 19.84%/yr vs 4.51%/yr for CVD.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

BBD-B.TO vs. CVD.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, BBD-B.TO achieves a 29.55% return, which is significantly higher than CVD.TO's 3.34% return. Over the past 10 years, BBD-B.TO has outperformed CVD.TO with an annualized return of 19.84%, while CVD.TO has yielded a comparatively lower 4.51% annualized return.

BBD-B.TO

1D
-0.83%
1M
4.68%
YTD
29.55%
6M
30.43%
1Y
200.58%
3Y*
72.04%
5Y*
62.44%
10Y*
19.84%

CVD.TO

1D
-0.28%
1M
0.60%
YTD
3.34%
6M
0.88%
1Y
7.85%
3Y*
8.29%
5Y*
4.41%
10Y*
4.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBD-B.TO vs. CVD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BBD-B.TO
Bombardier Inc		29.55%138.87%83.71%1.80%24.45%250.00%-75.13%-4.93%-33.00%40.28%
CVD.TO
iShares Convertible Bond Index ETF		3.34%7.09%12.68%3.64%-4.63%5.33%3.67%10.28%-2.68%4.06%

Correlation

The correlation between BBD-B.TO and CVD.TO is 0.08, 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

0.08

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

0.14

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

0.14

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

0.11

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

0.09

Compare stocks, funds, or ETFs

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

Bombardier Inc

iShares Convertible Bond Index ETF

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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. XEQT.TOCVD.TO vs. XSB.TO

Return for Risk

BBD-B.TO vs. CVD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BBD-B.TO
BBD-B.TO Risk / Return Rank: 9797
Overall Rank
BBD-B.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
BBD-B.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
BBD-B.TO Omega Ratio Rank: 9595
Omega Ratio Rank
BBD-B.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
BBD-B.TO Martin Ratio Rank: 9898
Martin Ratio Rank
CVD.TO
CVD.TO Risk / Return Rank: 3737
Overall Rank
CVD.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
CVD.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
CVD.TO Omega Ratio Rank: 3737
Omega Ratio Rank
CVD.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
CVD.TO Martin Ratio Rank: 3939
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.

BBD-B.TO vs. CVD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bombardier Inc (BBD-B.TO) 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.

BBD-B.TOCVD.TODifference
Sharpe ratioReturn per unit of total volatility
3.93
1.08

+2.85

Sortino ratioReturn per unit of downside risk
4.54
1.52

+3.02

Omega ratioGain probability vs. loss probability

1.57

1.23

+0.34

Calmar ratioReturn relative to maximum drawdown

11.42

1.99

+9.43

Martin ratioReturn relative to average drawdown

31.46

5.73

+25.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBD-B.TO vs. CVD.TO - Sharpe Ratio Comparison

The current BBD-B.TO Sharpe Ratio is 3.93, which is higher than the CVD.TO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of BBD-B.TO 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.

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Sharpe Ratios by Period

BBD-B.TOCVD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.93

1.08

+2.85

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.15

0.47

+0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

0.48

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.46

-0.34

Drawdowns

BBD-B.TO vs. CVD.TO - Drawdown Comparison

The maximum BBD-B.TO drawdown since its inception was -96.85%, which is greater than CVD.TO's maximum drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for BBD-B.TO and CVD.TO.

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Drawdown Indicators

BBD-B.TOCVD.TODifference

Max Drawdown

Largest peak-to-trough decline

-96.85%

-23.51%

-73.34%

Max Drawdown (1Y)

Largest decline over 1 year

-17.67%

-3.95%

-13.72%

Max Drawdown (3Y)

Largest decline over 3 years

-39.54%

-11.47%

-28.07%

Max Drawdown (5Y)

Largest decline over 5 years

-66.64%

-14.62%

-52.02%

Max Drawdown (10Y)

Largest decline over 10 years

-94.84%

-23.51%

-71.33%

Current Drawdown

Current decline from peak

-7.21%

-1.89%

-5.32%

Average Drawdown

Average peak-to-trough decline

-57.05%

-2.39%

-54.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.40%

1.37%

+5.03%

Volatility

BBD-B.TO vs. CVD.TO - Volatility Comparison

Bombardier Inc (BBD-B.TO) has a higher volatility of 13.06% compared to iShares Convertible Bond Index ETF (CVD.TO) at 1.02%. This indicates that BBD-B.TO'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.

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Volatility by Period

BBD-B.TOCVD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.06%

1.02%

+12.04%

Volatility (6M)

Calculated over the trailing 6-month period

39.50%

5.47%

+34.03%

Volatility (1Y)

Calculated over the trailing 1-year period

51.53%

7.32%

+44.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

54.78%

9.40%

+45.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.29%

9.50%

+50.79%

Dividends

BBD-B.TO vs. CVD.TO - Dividend Comparison

BBD-B.TO has not paid dividends to shareholders, while CVD.TO's dividend yield for the trailing twelve months is around 4.94%.

PositionTTM20252024202320222021202020192018201720162015
BBD-B.TO
Bombardier 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		4.94%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

BBD-B.TO and CVD.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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