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

IESC vs. CVD.TO

Last updated Jun 9, 2026

IESC (IES Holdings, Inc.) is a stock, while CVD.TO (iShares Convertible Bond Index ETF) is High Yield Bonds fund tracking the FTSE Canada Convertible Bond Index. Over the past 10 years, IESC returned 48.95%/yr vs 3.56%/yr for CVD.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

IESC vs. CVD.TO - Performance Comparison

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

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Different Trading Currencies

IESC is traded in USD, while CVD.TO is traded in CAD. To make them comparable, the CVD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IESC achieves a 88.91% return, which is significantly higher than CVD.TO's 1.49% return. Over the past 10 years, IESC has outperformed CVD.TO with an annualized return of 48.95%, while CVD.TO has yielded a comparatively lower 3.56% annualized return.

IESC

1D
1.97%
1M
10.23%
YTD
88.91%
6M
66.06%
1Y
162.49%
3Y*
140.27%
5Y*
69.06%
10Y*
48.95%

CVD.TO

1D
-0.55%
1M
-1.44%
YTD
1.49%
6M
0.09%
1Y
5.70%
3Y*
6.76%
5Y*
1.51%
10Y*
3.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IESC vs. CVD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IESC
IES Holdings, Inc.		88.91%93.58%153.67%122.72%-29.76%9.99%79.42%65.02%-9.86%-9.92%
CVD.TO
iShares Convertible Bond Index ETF		1.49%12.22%3.88%6.17%-10.31%5.38%6.19%15.02%-10.23%11.62%

Correlation

The correlation between IESC and CVD.TO is 0.06, 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

0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2011

0.08

Compare stocks, funds, or ETFs

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

IES Holdings, Inc.

iShares Convertible Bond Index ETF

Often compared with IESC:
IESC vs. FIXIESC vs. ROADIESC vs. MYRGIESC vs. HIMSIESC vs. AGXIESC vs. RVPHIESC vs. AZZ
Often compared with CVD.TO:
CVD.TO vs. ZWC.TOCVD.TO vs. ICVTCVD.TO vs. XHY.TOCVD.TO vs. CGHY.TOCVD.TO vs. XHB.TOCVD.TO vs. XEQT.TOCVD.TO vs. XSB.TO

Return for Risk

IESC vs. CVD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IESC
IESC Risk / Return Rank: 9292
Overall Rank
IESC Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IESC Sortino Ratio Rank: 8888
Sortino Ratio Rank
IESC Omega Ratio Rank: 8888
Omega Ratio Rank
IESC Calmar Ratio Rank: 9696
Calmar Ratio Rank
IESC Martin Ratio Rank: 9696
Martin Ratio Rank
CVD.TO
CVD.TO Risk / Return Rank: 3737
Overall Rank
CVD.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
CVD.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
CVD.TO Omega Ratio Rank: 3737
Omega Ratio Rank
CVD.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
CVD.TO Martin Ratio Rank: 3939
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.

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

This table presents a comparison of risk-adjusted performance metrics for IES Holdings, Inc. (IESC) and iShares Convertible Bond Index ETF (CVD.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.

IESCCVD.TODifference
Sharpe ratioReturn per unit of total volatility
2.64
0.67

+1.97

Sortino ratioReturn per unit of downside risk
2.84
0.95

+1.88

Omega ratioGain probability vs. loss probability

1.39

1.13

+0.26

Calmar ratioReturn relative to maximum drawdown

7.50

1.51

+5.99

Martin ratioReturn relative to average drawdown

21.33

3.12

+18.21

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

IESC vs. CVD.TO - Sharpe Ratio Comparison

The current IESC Sharpe Ratio is 2.64, which is higher than the CVD.TO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of IESC and CVD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IESCCVD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.64

0.67

+1.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.29

0.13

+1.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.02

0.30

+0.72

Sharpe Ratio (All Time)

Calculated using the full available price history

0.05

0.15

-0.09

Drawdowns

IESC vs. CVD.TO - Drawdown Comparison

The maximum IESC drawdown since its inception was -98.32%, which is greater than CVD.TO's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for IESC and CVD.TO.

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Drawdown Indicators

IESCCVD.TODifference

Max Drawdown

Largest peak-to-trough decline

-98.32%

-34.37%

-63.95%

Max Drawdown (1Y)

Largest decline over 1 year

-21.80%

-3.78%

-18.02%

Max Drawdown (3Y)

Largest decline over 3 years

-49.23%

-14.52%

-34.71%

Max Drawdown (5Y)

Largest decline over 5 years

-54.22%

-22.91%

-31.31%

Max Drawdown (10Y)

Largest decline over 10 years

-54.28%

-30.24%

-24.04%

Current Drawdown

Current decline from peak

-0.97%

-3.78%

+2.81%

Average Drawdown

Average peak-to-trough decline

-55.01%

-9.34%

-45.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.66%

1.83%

+5.83%

Volatility

IESC vs. CVD.TO - Volatility Comparison

IES Holdings, Inc. (IESC) has a higher volatility of 11.77% compared to iShares Convertible Bond Index ETF (CVD.TO) at 1.39%. This indicates that IESC's price experiences larger fluctuations and is considered to be riskier than CVD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IESCCVD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.77%

1.39%

+10.38%

Volatility (6M)

Calculated over the trailing 6-month period

49.79%

6.65%

+43.14%

Volatility (1Y)

Calculated over the trailing 1-year period

62.06%

8.61%

+53.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.94%

11.37%

+42.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.10%

11.79%

+36.31%

Dividends

IESC vs. CVD.TO - Dividend Comparison

IESC has not paid dividends to shareholders, while CVD.TO's dividend yield for the trailing twelve months is around 4.94%.

PositionTTM20252024202320222021202020192018201720162015
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%
IESC
IES Holdings, 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

IESC and CVD.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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