CWB vs. MNDO
CWB (SPDR Bloomberg Barclays Convertible Securities ETF) is Convertible Bonds fund tracking the Bloomberg US Convertibles Liquid Bond, while MNDO (MIND C.T.I. Ltd) is a stock. Over the past 10 years, CWB returned 11.70%/yr vs 2.19%/yr for MNDO. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
CWB vs. MNDO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CWB achieves a 15.00% return, which is significantly higher than MNDO's -16.57% return. Over the past 10 years, CWB has outperformed MNDO with an annualized return of 11.70%, while MNDO has yielded a comparatively lower 2.19% annualized return.
CWB
- 1D
- 0.35%
- 1M
- -2.42%
- 6M
- 9.82%
- YTD
- 15.00%
- 1Y
- 23.27%
- 3Y*
- 14.55%
- 5Y*
- 5.59%
- 10Y*
- 11.70%
- ALL TIME*
- 11.55%
MNDO
- 1D
- -5.94%
- 1M
- -11.17%
- 6M
- -16.57%
- YTD
- -16.57%
- 1Y
- -31.96%
- 3Y*
- -15.00%
- 5Y*
- -15.08%
- 10Y*
- 2.19%
- ALL TIME*
- 1.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $56.06M | $68.05M | $91.74M | |
MNDO MIND C.T.I. Ltd | $48.43K | $57.56K | $52.63K |
CWB vs. MNDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 15.00% | 16.61% | 10.06% | 14.49% | -20.81% | 2.18% | 53.39% | 22.39% | -2.00% | 15.69% |
MNDO MIND C.T.I. Ltd | -16.57% | -34.77% | 12.86% | 4.21% | -26.48% | 30.73% | 21.80% | 18.54% | -7.49% | 26.62% |
Correlation
The correlation between CWB and MNDO is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | 0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CWB vs. MNDO — Risk / Return Rank
CWB
MNDO
CWB vs. MNDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Convertible Securities ETF (CWB) and MIND C.T.I. Ltd (MNDO). 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.
| CWB | MNDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.87 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.85 | +2.83 |
| Martin ratioReturn relative to average drawdown | 7.11 | -1.46 | +8.56 |
Loading charts...
Drawdowns
CWB vs. MNDO - Drawdown Comparison
The maximum CWB drawdown since its inception was -32.06%, smaller than the maximum MNDO drawdown of -94.28%. Use the drawdown chart below to compare losses from any high point for CWB and MNDO.
Loading charts...
Drawdown Indicators
| CWB | MNDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.06% | -94.28% | +62.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -37.58% | +26.50% |
Max Drawdown (3Y)Largest decline over 3 years | -11.92% | -54.63% | +42.71% |
Max Drawdown (5Y)Largest decline over 5 years | -28.41% | -61.57% | +33.16% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | -64.04% | +31.98% |
Current DrawdownCurrent decline from peak | -7.95% | -60.80% | +52.85% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -46.78% | +40.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 21.81% | -18.73% |
Volatility
CWB vs. MNDO - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Convertible Securities ETF (CWB) is 5.90%, while MIND C.T.I. Ltd (MNDO) has a volatility of 17.36%. This indicates that CWB experiences smaller price fluctuations and is considered to be less risky than MNDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CWB | MNDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 17.36% | -11.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 30.84% | -16.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.61% | 40.50% | -23.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 28.96% | -15.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 27.27% | -12.58% |
Dividends
CWB vs. MNDO - Dividend Comparison
CWB's dividend yield for the trailing twelve months is around 1.45%, while MNDO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 1.33% | 1.69% | 1.85% | 1.97% | 2.21% | 1.97% | 2.34% | 3.03% | 6.17% | 4.25% | 4.60% | 7.52% |
MNDO MIND C.T.I. Ltd | 0.00% | 19.13% | 12.15% | 12.24% | 12.38% | 8.37% | 9.27% | 10.79% | 13.16% | 11.55% | 10.98% | 11.86% |
Frequently Asked Questions
CWB and MNDO 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.
MNDO has higher volatility (17.36%) compared to CWB (5.90%). In terms of maximum drawdown, CWB dropped -32.06% vs MNDO's -94.28%.
CWB currently has the higher Sharpe Ratio (1.32 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CWB and MNDO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer