CVD.TO vs. ESOA
CVD.TO (iShares Convertible Bond Index ETF) is High Yield Bonds fund tracking the FTSE Canada Convertible Bond Index, while ESOA (Energy Services Of America Corp) is a stock. Over the past 10 years, CVD.TO returned 4.51%/yr vs 28.85%/yr for ESOA. At a 0.01 correlation, their price movements are largely independent.
Performance
CVD.TO vs. ESOA - Performance Comparison
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Different Trading Currencies
CVD.TO is traded in CAD, while ESOA is traded in USD. To make them comparable, the ESOA 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 3.34% return, which is significantly lower than ESOA's 92.99% return. Over the past 10 years, CVD.TO has underperformed ESOA with an annualized return of 4.51%, while ESOA has yielded a comparatively higher 28.85% annualized return.
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%
ESOA
- 1D
- 3.84%
- 1M
- -8.89%
- YTD
- 92.99%
- 6M
- 83.67%
- 1Y
- 45.04%
- 3Y*
- 94.38%
- 5Y*
- 53.50%
- 10Y*
- 28.85%
CVD.TO vs. ESOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ESOA Energy Services Of America Corp | 92.99% | -37.42% | 129.35% | 135.20% | -17.08% | 223.37% | 29.32% | -33.42% | 50.50% | -40.39% |
Correlation
The correlation between CVD.TO and ESOA is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2012 | 0.01 |
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Return for Risk
CVD.TO vs. ESOA — Risk / Return Rank
CVD.TO
ESOA
CVD.TO vs. ESOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond Index ETF (CVD.TO) and Energy Services Of America Corp (ESOA). 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.
| CVD.TO | ESOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.42 | +0.57 |
| Martin ratioReturn relative to average drawdown | 5.73 | 2.95 | +2.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVD.TO | ESOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.72 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.71 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.30 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.24 | +0.22 |
Drawdowns
CVD.TO vs. ESOA - Drawdown Comparison
The maximum CVD.TO drawdown since its inception was -23.51%, smaller than the maximum ESOA drawdown of -76.53%. Use the drawdown chart below to compare losses from any high point for CVD.TO and ESOA.
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Drawdown Indicators
| CVD.TO | ESOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -76.53% | +53.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -31.90% | +27.95% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -58.74% | +47.27% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -58.74% | +44.12% |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | -71.20% | +47.69% |
Current DrawdownCurrent decline from peak | -1.89% | -18.22% | +16.33% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -29.50% | +27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 15.32% | -13.95% |
Volatility
CVD.TO vs. ESOA - Volatility Comparison
The current volatility for iShares Convertible Bond Index ETF (CVD.TO) is 1.02%, while Energy Services Of America Corp (ESOA) has a volatility of 24.06%. This indicates that CVD.TO experiences smaller price fluctuations and is considered to be less risky than ESOA 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 | ESOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 24.06% | -23.04% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 47.02% | -41.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.32% | 62.71% | -55.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.40% | 76.23% | -66.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.50% | 96.44% | -86.94% |
Dividends
CVD.TO vs. ESOA - Dividend Comparison
CVD.TO's dividend yield for the trailing twelve months is around 4.94%, more than ESOA's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ESOA Energy Services Of America Corp | 0.78% | 1.47% | 0.24% | 1.84% | 0.00% | 0.00% | 0.00% | 6.49% | 0.00% | 5.88% | 0.00% | 0.00% |
Frequently Asked Questions
CVD.TO and ESOA have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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