CVD.TO vs. LMN.V
CVD.TO (iShares Convertible Bond Index ETF) is High Yield Bonds fund tracking the FTSE Canada Convertible Bond Index, while LMN.V (Lumine Group Inc) is a stock. Over the past 3 years, CVD.TO returned 7.90%/yr vs 5.63%/yr for LMN.V. At a 0.02 correlation, their price movements are largely independent.
Performance
CVD.TO vs. LMN.V - Performance Comparison
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Returns By Period
In the year-to-date period, CVD.TO achieves a 3.23% return, which is significantly higher than LMN.V's -17.83% return.
CVD.TO
- 1D
- -0.28%
- 1M
- 0.49%
- YTD
- 3.23%
- 6M
- 0.06%
- 1Y
- 7.61%
- 3Y*
- 7.90%
- 5Y*
- 4.33%
- 10Y*
- 4.53%
LMN.V
- 1D
- 1.87%
- 1M
- 6.34%
- YTD
- -17.83%
- 6M
- -16.73%
- 1Y
- -53.05%
- 3Y*
- 5.63%
- 5Y*
- —
- 10Y*
- —
CVD.TO vs. LMN.V - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVD.TO iShares Convertible Bond Index ETF | 3.23% | 7.09% | 12.68% | 0.52% |
LMN.V Lumine Group Inc | -17.83% | -34.03% | 37.59% | 78.51% |
Correlation
The correlation between CVD.TO and LMN.V 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.02 |
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Return for Risk
CVD.TO vs. LMN.V — Risk / Return Rank
CVD.TO
LMN.V
CVD.TO vs. LMN.V - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond Index ETF (CVD.TO) and Lumine Group Inc (LMN.V). 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 | LMN.V | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.81 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | -0.80 | +2.73 |
| Martin ratioReturn relative to average drawdown | 5.61 | -1.19 | +6.80 |
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 | LMN.V | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | -1.01 | +2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.21 | +0.25 |
Drawdowns
CVD.TO vs. LMN.V - Drawdown Comparison
The maximum CVD.TO drawdown since its inception was -23.51%, smaller than the maximum LMN.V drawdown of -66.64%. Use the drawdown chart below to compare losses from any high point for CVD.TO and LMN.V.
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Drawdown Indicators
| CVD.TO | LMN.V | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -66.64% | +43.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -66.64% | +62.69% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -66.64% | +55.17% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -58.90% | +56.90% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -17.53% | +15.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 44.64% | -43.28% |
Volatility
CVD.TO vs. LMN.V - Volatility Comparison
The current volatility for iShares Convertible Bond Index ETF (CVD.TO) is 0.95%, while Lumine Group Inc (LMN.V) has a volatility of 18.73%. This indicates that CVD.TO experiences smaller price fluctuations and is considered to be less risky than LMN.V 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 | LMN.V | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 18.73% | -17.78% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 40.06% | -34.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 52.93% | -45.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.25% | 45.01% | -35.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.43% | 45.01% | -35.58% |
Dividends
CVD.TO vs. LMN.V - Dividend Comparison
CVD.TO's dividend yield for the trailing twelve months is around 4.95%, while LMN.V has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVD.TO iShares Convertible Bond Index ETF | 4.95% | 4.91% | 5.14% | 5.33% | 5.05% | 4.61% | 4.48% | 4.52% | 4.97% | 4.65% | 4.51% | 4.94% |
LMN.V Lumine Group 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% |
Frequently Asked Questions
CVD.TO and LMN.V 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.
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