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

STRL vs. CVD.TO

Last updated Jun 13, 2026

STRL (Sterling Infrastructure, 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, STRL returned 67.37%/yr vs 3.66%/yr for CVD.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

STRL vs. CVD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Infrastructure, Inc. (STRL) 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

STRL 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, STRL achieves a 180.50% return, which is significantly higher than CVD.TO's 1.80% return. Over the past 10 years, STRL has outperformed CVD.TO with an annualized return of 67.37%, while CVD.TO has yielded a comparatively lower 3.66% annualized return.

STRL

1D
2.44%
1M
0.55%
YTD
180.50%
6M
172.57%
1Y
320.41%
3Y*
152.83%
5Y*
104.12%
10Y*
67.37%

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)

STRL vs. CVD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
STRL
Sterling Infrastructure, Inc.		180.50%81.79%91.57%168.08%24.71%41.32%32.17%29.29%-33.11%92.43%
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 STRL and CVD.TO is 0.04, 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

0.04

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

0.09

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

0.11

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

0.09

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

0.06

Compare stocks, funds, or ETFs

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

Sterling Infrastructure, Inc.

iShares Convertible Bond Index ETF

Often compared with STRL:
STRL vs. MTZSTRL vs. POWLSTRL vs. ACMSTRL vs. ROADSTRL vs. GVASTRL vs. CARRSTRL vs. VRT
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

STRL vs. CVD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
STRL
STRL Risk / Return Rank: 9797
Overall Rank
STRL Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
STRL Sortino Ratio Rank: 9696
Sortino Ratio Rank
STRL Omega Ratio Rank: 9595
Omega Ratio Rank
STRL Calmar Ratio Rank: 9898
Calmar Ratio Rank
STRL Martin Ratio Rank: 9898
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.

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

This table presents a comparison of risk-adjusted performance metrics for Sterling Infrastructure, Inc. (STRL) 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.

STRLCVD.TODifference
Sharpe ratioReturn per unit of total volatility
3.92
0.57

+3.35

Sortino ratioReturn per unit of downside risk
4.04
0.82

+3.22

Omega ratioGain probability vs. loss probability

1.54

1.11

+0.43

Calmar ratioReturn relative to maximum drawdown

10.41

1.22

+9.19

Martin ratioReturn relative to average drawdown

28.52

2.59

+25.93

STRL vs. CVD.TO - Sharpe Ratio Comparison

The current STRL Sharpe Ratio is 3.92, which is higher than the CVD.TO Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of STRL 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

STRL vs. CVD.TO - Drawdown Comparison

The maximum STRL drawdown since its inception was -92.51%, 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 STRL and CVD.TO.

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Drawdown Indicators

STRLCVD.TODifference

Max Drawdown

Largest peak-to-trough decline

-92.51%

-34.37%

-58.14%

Max Drawdown (1Y)

Largest decline over 1 year

-31.02%

-4.02%

-27.00%

Max Drawdown (3Y)

Largest decline over 3 years

-47.67%

-14.52%

-33.15%

Max Drawdown (5Y)

Largest decline over 5 years

-47.67%

-22.91%

-24.76%

Max Drawdown (10Y)

Largest decline over 10 years

-59.60%

-30.24%

-29.36%

Current Drawdown

Current decline from peak

-13.56%

-3.49%

-10.07%

Average Drawdown

Average peak-to-trough decline

-46.29%

-9.33%

-36.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.30%

1.88%

+9.42%

Volatility

STRL vs. CVD.TO - Volatility Comparison

Sterling Infrastructure, Inc. (STRL) has a higher volatility of 27.60% compared to iShares Convertible Bond Index ETF (CVD.TO) at 1.84%. This indicates that STRL'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

STRLCVD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

27.60%

1.84%

+25.76%

Volatility (6M)

Calculated over the trailing 6-month period

65.26%

6.70%

+58.56%

Volatility (1Y)

Calculated over the trailing 1-year period

82.41%

8.63%

+73.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

57.29%

11.38%

+45.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

53.58%

11.79%

+41.79%

Dividends

STRL vs. CVD.TO - Dividend Comparison

STRL 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%
STRL
Sterling Infrastructure, 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

STRL and CVD.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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