IS.TO vs. CBYYX

Last updated Jul 11, 2026

IS.TO (Infrastructure Dividend Split Corp) is a stock, while CBYYX (Victory Pioneer Cat Bond Fund Class Y) is Nontraditional Bonds fund actively managed by Victory. Over the past year, IS.TO returned 42.41% vs 15.08% for CBYYX. At a 0.05 correlation, their price movements are largely independent.

Performance

IS.TO vs. CBYYX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Infrastructure Dividend Split Corp (IS.TO) and Victory Pioneer Cat Bond Fund Class Y (CBYYX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IS.TO achieves a 29.30% return, which is significantly higher than CBYYX's 7.12% return.

IS.TO

• 1D: 0.82%
• 1M: 2.94%
• 6M: 27.78%
• YTD: 29.30%
• 1Y: 42.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBYYX

• 1D: -0.26%
• 1M: 2.38%
• 6M: 5.71%
• YTD: 7.12%
• 1Y: 15.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IS.TO vs. CBYYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IS.TO Infrastructure Dividend Split Corp	29.30%	19.09%	8.50%
CBYYX Victory Pioneer Cat Bond Fund Class Y	7.12%	6.02%	16.80%

Correlation

The correlation between IS.TO and CBYYX 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 (All Time) Calculated using the full available price history since May 8, 2024	0.05

Return for Risk

IS.TO vs. CBYYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IS.TO

IS.TO Risk / Return Rank: 97
IS.TO Sharpe Ratio Rank: 97
IS.TO Sortino Ratio Rank: 97
IS.TO Omega Ratio Rank: 96
IS.TO Calmar Ratio Rank: 97
IS.TO Martin Ratio Rank: 97

CBYYX

CBYYX Risk / Return Rank: 100
CBYYX Sharpe Ratio Rank: 100
CBYYX Sortino Ratio Rank: 100
CBYYX Omega Ratio Rank: 100
CBYYX Calmar Ratio Rank: 100
CBYYX Martin Ratio Rank: 100

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.

IS.TO vs. CBYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infrastructure Dividend Split Corp (IS.TO) and Victory Pioneer Cat Bond Fund Class Y (CBYYX). 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.

	IS.TO	CBYYX	Difference
Sharpe ratio: Return per unit of total volatility	2.93	3.29	-0.35
Sortino ratio: Return per unit of downside risk	4.24	4.90	-0.66
Omega ratio: Gain probability vs. loss probability	1.53	1.65	-0.12
Calmar ratio: Return relative to maximum drawdown	7.72	4.41	+3.31
Martin ratio: Return relative to average drawdown	20.93	12.68	+8.24

IS.TO vs. CBYYX - Sharpe Ratio Comparison

The current IS.TO Sharpe Ratio is 2.93, which is comparable to the CBYYX Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of IS.TO and CBYYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IS.TO vs. CBYYX - Drawdown Comparison

The maximum IS.TO drawdown since its inception was -14.23%, which is greater than CBYYX's maximum drawdown of -10.95%. Use the drawdown chart below to compare losses from any high point for IS.TO and CBYYX.

Drawdown Indicators

	IS.TO	CBYYX	Difference
Max Drawdown Largest peak-to-trough decline	-14.23%	-10.95%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-3.39%	-1.93%
Current Drawdown Current decline from peak	-0.61%	-0.26%	-0.35%
Average Drawdown Average peak-to-trough decline	-2.98%	-2.27%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.18%	+0.78%

Volatility

IS.TO vs. CBYYX - Volatility Comparison

Infrastructure Dividend Split Corp (IS.TO) has a higher volatility of 3.97% compared to Victory Pioneer Cat Bond Fund Class Y (CBYYX) at 1.15%. This indicates that IS.TO's price experiences larger fluctuations and is considered to be riskier than CBYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IS.TO	CBYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	1.15%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	3.39%	+7.41%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	4.55%	+9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	9.64%	+7.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	9.64%	+7.74%

Dividends

IS.TO vs. CBYYX - Dividend Comparison

IS.TO's dividend yield for the trailing twelve months is around 8.83%, which matches CBYYX's 8.82% yield.

Position	TTM	2025	2024	2023
CBYYX Victory Pioneer Cat Bond Fund Class Y	8.82%	9.14%	10.33%	9.41%
IS.TO Infrastructure Dividend Split Corp	8.83%	10.57%	7.85%	0.00%

Frequently Asked Questions

Can I hold both IS.TO and CBYYX in my portfolio?

IS.TO and CBYYX 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.