CVD.TO vs. STRL
CVD.TO (iShares Convertible Bond Index ETF) is High Yield Bonds fund tracking the FTSE Canada Convertible Bond Index, while STRL (Sterling Construction Company, Inc.) is a stock. Over the past 10 years, CVD.TO returned 4.51%/yr vs 70.00%/yr for STRL. At a 0.07 correlation, their price movements are largely independent.
Performance
CVD.TO vs. STRL - Performance Comparison
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Different Trading Currencies
CVD.TO is traded in CAD, while STRL is traded in USD. To make them comparable, the STRL 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 STRL's 196.55% return. Over the past 10 years, CVD.TO has underperformed STRL with an annualized return of 4.51%, while STRL has yielded a comparatively higher 70.00% 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%
STRL
- 1D
- 1.35%
- 1M
- 7.76%
- YTD
- 196.55%
- 6M
- 176.92%
- 1Y
- 341.76%
- 3Y*
- 159.13%
- 5Y*
- 110.71%
- 10Y*
- 70.00%
CVD.TO vs. STRL - 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% |
STRL Sterling Construction Company, Inc. | 196.55% | 73.49% | 107.79% | 161.70% | 32.62% | 41.25% | 29.04% | 23.96% | -27.48% | 79.41% |
Correlation
The correlation between CVD.TO and STRL is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011 | 0.07 |
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Return for Risk
CVD.TO vs. STRL — Risk / Return Rank
CVD.TO
STRL
CVD.TO vs. STRL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond Index ETF (CVD.TO) and Sterling Construction Company, Inc. (STRL). 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 | STRL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.57 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 10.53 | -8.54 |
| Martin ratioReturn relative to average drawdown | 5.73 | 29.67 | -23.94 |
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 | STRL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 4.22 | -3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 1.95 | -1.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 1.31 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.51 | -0.05 |
Drawdowns
CVD.TO vs. STRL - Drawdown Comparison
The maximum CVD.TO drawdown since its inception was -23.51%, smaller than the maximum STRL drawdown of -91.60%. Use the drawdown chart below to compare losses from any high point for CVD.TO and STRL.
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Drawdown Indicators
| CVD.TO | STRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -91.60% | +68.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -32.70% | +28.75% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -48.62% | +37.15% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -48.62% | +34.00% |
Max Drawdown (10Y)Largest decline over 10 years | -23.51% | -55.77% | +32.26% |
Current DrawdownCurrent decline from peak | -1.89% | -9.92% | +8.03% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -43.76% | +41.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 11.59% | -10.22% |
Volatility
CVD.TO vs. STRL - Volatility Comparison
The current volatility for iShares Convertible Bond Index ETF (CVD.TO) is 1.02%, while Sterling Construction Company, Inc. (STRL) has a volatility of 24.34%. This indicates that CVD.TO experiences smaller price fluctuations and is considered to be less risky than STRL 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 | STRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 24.34% | -23.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 64.03% | -58.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.32% | 81.79% | -74.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.40% | 57.23% | -47.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.50% | 53.72% | -44.22% |
Dividends
CVD.TO vs. STRL - Dividend Comparison
CVD.TO's dividend yield for the trailing twelve months is around 4.94%, while STRL 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 | 4.94% | 4.91% | 5.14% | 5.33% | 5.05% | 4.61% | 4.48% | 4.52% | 4.97% | 4.65% | 4.51% | 4.94% |
STRL Sterling Construction Company, 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 STRL have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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