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CVD.TO vs. XEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CVD.TO vs. XEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Convertible Bond Index ETF (CVD.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).

CVD.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVD.TO is a passively managed fund by iShares that tracks the performance of the FTSE Canada Convertible Bond Index. It was launched on Jun 14, 2011. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

CVD.TO vs. XEQT.TO - Performance Comparison

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

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CVD.TO vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CVD.TO
iShares Convertible Bond Index ETF		4.35%7.09%12.68%3.64%-4.63%5.33%3.67%0.75%
XEQT.TO
iShares Core Equity ETF Portfolio		1.51%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Returns By Period

In the year-to-date period, CVD.TO achieves a 4.35% return, which is significantly higher than XEQT.TO's 1.51% return.

CVD.TO

1D
0.00%
1M
-0.35%
YTD
4.35%
6M
3.95%
1Y
10.68%
3Y*
7.89%
5Y*
4.92%
10Y*
4.97%

XEQT.TO

1D
0.85%
1M
-3.50%
YTD
1.51%
6M
2.89%
1Y
21.17%
3Y*
18.44%
5Y*
11.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares Convertible Bond Index ETF

iShares Core Equity ETF Portfolio

Often compared with CVD.TO:
CVD.TO vs. ZWC.TOCVD.TO vs. XHY.TOCVD.TO vs. ICVTCVD.TO vs. XHB.TOCVD.TO vs. ZHY.TOCVD.TO vs. XSB.TOCVD.TO vs. CGHY.TO
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. XAW.TO

CVD.TO vs. XEQT.TO - Expense Ratio Comparison

CVD.TO has a 0.49% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

CVD.TO
iShares Convertible Bond Index ETF
XEQT.TO
iShares Core Equity ETF Portfolio

Return for Risk

CVD.TO vs. XEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CVD.TO
CVD.TO Risk / Return Rank: 7575
Overall Rank
CVD.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CVD.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
CVD.TO Omega Ratio Rank: 7070
Omega Ratio Rank
CVD.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
CVD.TO Martin Ratio Rank: 8282
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 7272
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7373
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.

CVD.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond Index ETF (CVD.TO) and iShares Core Equity ETF Portfolio (XEQT.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.

CVD.TOXEQT.TODifference

Sharpe ratio

Return per unit of total volatility

1.30

1.33

-0.03

Sortino ratio

Return per unit of downside risk

1.80

1.85

-0.05

Omega ratio

Gain probability vs. loss probability

1.27

1.29

-0.02

Calmar ratio

Return relative to maximum drawdown

2.80

1.79

+1.01

Martin ratio

Return relative to average drawdown

9.96

7.98

+1.99

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

CVD.TO vs. XEQT.TO - Sharpe Ratio Comparison

The current CVD.TO Sharpe Ratio is 1.30, which is comparable to the XEQT.TO Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of CVD.TO and XEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CVD.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.30

1.33

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.93

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.86

-0.39

Correlation

The correlation between CVD.TO and XEQT.TO is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CVD.TO vs. XEQT.TO - Dividend Comparison

CVD.TO's dividend yield for the trailing twelve months is around 4.80%, more than XEQT.TO's 1.64% yield.

TTM20252024202320222021202020192018201720162015
CVD.TO
iShares Convertible Bond Index ETF		4.80%4.91%5.14%5.33%5.05%4.61%4.48%4.52%4.97%4.65%4.51%4.94%
XEQT.TO
iShares Core Equity ETF Portfolio		1.64%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%

Drawdowns

CVD.TO vs. XEQT.TO - Drawdown Comparison

The maximum CVD.TO drawdown since its inception was -23.51%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for CVD.TO and XEQT.TO.

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Drawdown Indicators

CVD.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.51%

-29.74%

+6.23%

Max Drawdown (1Y)

Largest decline over 1 year

-3.95%

-11.78%

+7.83%

Max Drawdown (5Y)

Largest decline over 5 years

-14.62%

-19.56%

+4.94%

Max Drawdown (10Y)

Largest decline over 10 years

-23.51%

—

—

Current Drawdown

Current decline from peak

-0.94%

-4.27%

+3.33%

Average Drawdown

Average peak-to-trough decline

-2.39%

-4.20%

+1.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.11%

2.64%

-1.53%

Volatility

CVD.TO vs. XEQT.TO - Volatility Comparison

The current volatility for iShares Convertible Bond Index ETF (CVD.TO) is 1.77%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 5.77%. This indicates that CVD.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CVD.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.77%

5.77%

-4.00%

Volatility (6M)

Calculated over the trailing 6-month period

5.76%

9.49%

-3.73%

Volatility (1Y)

Calculated over the trailing 1-year period

7.84%

15.99%

-8.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.28%

13.03%

-3.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.43%

15.63%

-6.20%