CVD.TO vs. CORT
CVD.TO (iShares Convertible Bond Index ETF) is Convertible Bonds fund tracking the FTSE Canada Convertible Bond Index, while CORT (Corcept Therapeutics Incorporated) is a stock. Over the past 10 years, CVD.TO returned 4.61%/yr vs 33.11%/yr for CORT. At a 0.02 correlation, their price movements are largely independent.
Performance
CVD.TO vs. CORT - Performance Comparison
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Different Trading Currencies
CVD.TO is traded in CAD, while CORT is traded in USD. To make them comparable, the CORT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CVD.TO achieves a 6.02% return, which is significantly lower than CORT's 181.97% return. Over the past 10 years, CVD.TO has underperformed CORT with an annualized return of 4.61%, while CORT has yielded a comparatively higher 33.11% annualized return.
CVD.TO
- 1D
- 0.16%
- 1M
- 2.20%
- 6M
- 2.18%
- YTD
- 6.02%
- 1Y
- 8.29%
- 3Y*
- 8.75%
- 5Y*
- 4.77%
- 10Y*
- 4.61%
- ALL TIME*
- 4.36%
CORT
- 1D
- -1.30%
- 1M
- 15.95%
- 6M
- 121.67%
- YTD
- 181.97%
- 1Y
- 46.17%
- 3Y*
- 61.16%
- 5Y*
- 39.44%
- 10Y*
- 33.11%
- ALL TIME*
- 9.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$155.40M | CA$145.72M | CA$115.39M | |
| CA$161.98K | CA$99.54K | CA$84.30K |
CVD.TO vs. CORT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVD.TO iShares Convertible Bond Index ETF | 6.02% | 7.09% | 12.68% | 3.64% | -4.63% | 5.33% | 3.67% | 10.28% | -2.68% | 4.06% |
CORT Corcept Therapeutics Incorporated | 181.97% | -34.09% | 68.28% | 56.12% | 9.08% | -24.35% | 111.07% | -13.16% | -19.80% | 131.92% |
Correlation
The correlation between CVD.TO and CORT is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011 | 0.02 |
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Return for Risk
CVD.TO vs. CORT — Risk / Return Rank
CVD.TO
CORT
CVD.TO vs. CORT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond Index ETF (CVD.TO) and Corcept Therapeutics Incorporated (CORT). 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.
| CVD.TO | CORT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 0.71 | +1.39 |
| Martin ratioReturn relative to average drawdown | 5.91 | 1.30 | +4.61 |
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Drawdowns
CVD.TO vs. CORT - Drawdown Comparison
The maximum CVD.TO drawdown since its inception was -23.51%, smaller than the maximum CORT drawdown of -95.16%. Use the drawdown chart below to compare losses from any high point for CVD.TO and CORT.
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Drawdown Indicators
| CVD.TO | CORT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -95.16% | +71.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -65.20% | +61.25% |
Max Drawdown (3Y)Largest decline over 3 years | -11.46% | -73.18% | +61.72% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -73.18% | +58.56% |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | -73.18% | +49.67% |
Current DrawdownCurrent decline from peak | -0.59% | -17.78% | +17.19% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -55.22% | +52.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 35.67% | -34.26% |
Volatility
CVD.TO vs. CORT - Volatility Comparison
The current volatility for iShares Convertible Bond Index ETF (CVD.TO) is 2.56%, while Corcept Therapeutics Incorporated (CORT) has a volatility of 14.28%. This indicates that CVD.TO experiences smaller price fluctuations and is considered to be less risky than CORT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVD.TO | CORT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 14.28% | -11.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 42.49% | -37.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.45% | 77.22% | -69.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.44% | 75.07% | -65.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 67.77% | -58.26% |
Dividends
CVD.TO vs. CORT - Dividend Comparison
CVD.TO's dividend yield for the trailing twelve months is around 4.86%, while CORT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORT Corcept Therapeutics Incorporated | 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 | 4.86% | 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
CVD.TO and CORT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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