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

SMCI vs. CVD.TO

Last updated Jun 13, 2026

SMCI (Super Micro Computer, 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, SMCI returned 27.77%/yr vs 3.66%/yr for CVD.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

SMCI vs. CVD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Super Micro Computer, Inc. (SMCI) 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

SMCI 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, SMCI achieves a 4.07% return, which is significantly higher than CVD.TO's 1.80% return. Over the past 10 years, SMCI has outperformed CVD.TO with an annualized return of 27.77%, while CVD.TO has yielded a comparatively lower 3.66% annualized return.

SMCI

1D
-4.72%
1M
-4.81%
YTD
4.07%
6M
-5.78%
1Y
-29.75%
3Y*
7.64%
5Y*
52.73%
10Y*
27.77%

CVD.TO

1D
-0.73%
1M
-0.88%
YTD
1.80%
6M
-0.90%
1Y
4.88%
3Y*
6.49%
5Y*
1.46%
10Y*
3.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMCI vs. CVD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SMCI
Super Micro Computer, Inc.		4.07%-3.97%7.23%246.24%86.80%38.82%31.81%74.06%-34.07%-25.38%
CVD.TO
iShares Convertible Bond Index ETF		1.80%12.22%3.88%6.17%-10.31%5.38%6.19%15.02%-10.23%11.62%

Correlation

The correlation between SMCI 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

0.06

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

0.06

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

0.05

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

0.04

Compare stocks, funds, or ETFs

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

Super Micro Computer, Inc.

iShares Convertible Bond Index ETF

Often compared with SMCI:
SMCI vs. DELLSMCI vs. HPESMCI vs. APLDSMCI vs. ANETSMCI vs. SMCYSMCI vs. ARMSMCI vs. SPY
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. ZHY.TO

Return for Risk

SMCI vs. CVD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMCI
SMCI Risk / Return Rank: 3030
Overall Rank
SMCI Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
SMCI Sortino Ratio Rank: 3333
Sortino Ratio Rank
SMCI Omega Ratio Rank: 3333
Omega Ratio Rank
SMCI Calmar Ratio Rank: 2828
Calmar Ratio Rank
SMCI Martin Ratio Rank: 2929
Martin Ratio Rank
CVD.TO
CVD.TO Risk / Return Rank: 3535
Overall Rank
CVD.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
CVD.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
CVD.TO Omega Ratio Rank: 3535
Omega Ratio Rank
CVD.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
CVD.TO Martin Ratio Rank: 3838
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.

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

This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) 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.

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.

SMCICVD.TODifference
Sharpe ratioReturn per unit of total volatility
-0.35
0.57

-0.92

Sortino ratioReturn per unit of downside risk
0.05
0.82

-0.78

Omega ratioGain probability vs. loss probability

1.01

1.11

-0.10

Calmar ratioReturn relative to maximum drawdown

-0.45

1.22

-1.67

Martin ratioReturn relative to average drawdown

-0.76

2.59

-3.35

SMCI vs. CVD.TO - Sharpe Ratio Comparison

The current SMCI Sharpe Ratio is -0.35, which is lower than the CVD.TO Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of SMCI 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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Drawdowns

SMCI vs. CVD.TO - Drawdown Comparison

The maximum SMCI drawdown since its inception was -84.84%, 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 SMCI and CVD.TO.

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Drawdown Indicators

SMCICVD.TODifference

Max Drawdown

Largest peak-to-trough decline

-84.84%

-34.37%

-50.47%

Max Drawdown (1Y)

Largest decline over 1 year

-66.18%

-4.02%

-62.16%

Max Drawdown (3Y)

Largest decline over 3 years

-84.84%

-14.52%

-70.32%

Max Drawdown (5Y)

Largest decline over 5 years

-84.84%

-22.91%

-61.93%

Max Drawdown (10Y)

Largest decline over 10 years

-84.84%

-30.24%

-54.60%

Current Drawdown

Current decline from peak

-74.36%

-3.49%

-70.87%

Average Drawdown

Average peak-to-trough decline

-31.98%

-9.33%

-22.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

39.34%

1.88%

+37.46%

Volatility

SMCI vs. CVD.TO - Volatility Comparison

Super Micro Computer, Inc. (SMCI) has a higher volatility of 44.32% compared to iShares Convertible Bond Index ETF (CVD.TO) at 1.84%. This indicates that SMCI'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

SMCICVD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

44.32%

1.84%

+42.48%

Volatility (6M)

Calculated over the trailing 6-month period

76.32%

6.70%

+69.62%

Volatility (1Y)

Calculated over the trailing 1-year period

85.20%

8.63%

+76.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

86.53%

11.38%

+75.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.19%

11.79%

+59.40%

Dividends

SMCI vs. CVD.TO - Dividend Comparison

SMCI has not paid dividends to shareholders, while CVD.TO's dividend yield for the trailing twelve months is around 4.91%.

PositionTTM20252024202320222021202020192018201720162015
CVD.TO
iShares Convertible Bond Index ETF		4.91%4.91%5.14%5.33%5.05%4.61%4.48%4.52%4.97%4.65%4.51%4.94%
SMCI
Super Micro Computer, 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

SMCI 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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