LMN.V vs. CVD.TO
LMN.V (Lumine Group 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 3 years, LMN.V returned 5.50%/yr vs 8.29%/yr for CVD.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
LMN.V vs. CVD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LMN.V achieves a -16.54% return, which is significantly lower than CVD.TO's 3.34% return.
LMN.V
- 1D
- -3.21%
- 1M
- 11.96%
- YTD
- -16.54%
- 6M
- -20.50%
- 1Y
- -50.93%
- 3Y*
- 5.50%
- 5Y*
- —
- 10Y*
- —
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%
LMN.V vs. CVD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LMN.V Lumine Group Inc | -16.54% | -34.03% | 37.59% | 84.00% |
CVD.TO iShares Convertible Bond Index ETF | 3.34% | 7.09% | 12.68% | 0.34% |
Correlation
The correlation between LMN.V and CVD.TO is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.02 |
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Return for Risk
LMN.V vs. CVD.TO — Risk / Return Rank
LMN.V
CVD.TO
LMN.V vs. CVD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lumine Group Inc (LMN.V) 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.
| LMN.V | CVD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.23 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.99 | -2.76 |
| Martin ratioReturn relative to average drawdown | -1.13 | 5.73 | -6.86 |
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
| LMN.V | CVD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | 1.08 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.46 | -0.24 |
Drawdowns
LMN.V vs. CVD.TO - Drawdown Comparison
The maximum LMN.V drawdown since its inception was -66.64%, which is greater than CVD.TO's maximum drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for LMN.V and CVD.TO.
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Drawdown Indicators
| LMN.V | CVD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.64% | -23.51% | -43.13% |
Max Drawdown (1Y)Largest decline over 1 year | -66.64% | -3.95% | -62.69% |
Max Drawdown (3Y)Largest decline over 3 years | -66.64% | -11.47% | -55.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.51% | — |
Current DrawdownCurrent decline from peak | -58.26% | -1.89% | -56.37% |
Average DrawdownAverage peak-to-trough decline | -17.68% | -2.39% | -15.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.06% | 1.37% | +43.69% |
Volatility
LMN.V vs. CVD.TO - Volatility Comparison
Lumine Group Inc (LMN.V) has a higher volatility of 14.32% compared to iShares Convertible Bond Index ETF (CVD.TO) at 1.02%. This indicates that LMN.V'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
| LMN.V | CVD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.32% | 1.02% | +13.30% |
Volatility (6M)Calculated over the trailing 6-month period | 38.82% | 5.47% | +33.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 7.32% | +45.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.05% | 9.40% | +35.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.05% | 9.50% | +35.55% |
Dividends
LMN.V vs. CVD.TO - Dividend Comparison
LMN.V has not paid dividends to shareholders, while CVD.TO's dividend yield for the trailing twelve months is around 4.94%.
| 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% |
LMN.V Lumine Group 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
LMN.V and CVD.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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