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

TLN vs. CVD.TO

Last updated Jun 9, 2026

TLN (Talen Energy Corporation) 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, TLN returned 99.41%/yr vs 6.76%/yr for CVD.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

TLN vs. CVD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Talen Energy Corporation (TLN) 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

TLN 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, TLN achieves a -2.68% return, which is significantly lower than CVD.TO's 1.49% return.

TLN

1D
0.01%
1M
-5.59%
YTD
-2.68%
6M
3.23%
1Y
41.09%
3Y*
99.41%
5Y*
—
10Y*
—

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)

TLN vs. CVD.TO - Yearly Performance Comparison

2026 (YTD)202520242023
TLN
Talen Energy Corporation		-2.68%86.05%214.80%38.01%
CVD.TO
iShares Convertible Bond Index ETF		1.49%12.22%3.88%3.49%

Correlation

The correlation between TLN and CVD.TO is 0.01, 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

0.01

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

0.04

Correlation (All Time)
Calculated using the full available price history since Jun 2, 2023

0.05

Compare stocks, funds, or ETFs

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

Talen Energy Corporation

iShares Convertible Bond Index ETF

Often compared with TLN:
TLN vs. CEGTLN vs. VSTTLN vs. NUKZTLN vs. TACTLN vs. AAPLTLN vs. QQQTLN vs. CMG
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

TLN vs. CVD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLN
TLN Risk / Return Rank: 6565
Overall Rank
TLN Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
TLN Sortino Ratio Rank: 6565
Sortino Ratio Rank
TLN Omega Ratio Rank: 6363
Omega Ratio Rank
TLN Calmar Ratio Rank: 6767
Calmar Ratio Rank
TLN Martin Ratio Rank: 6565
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.

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

This table presents a comparison of risk-adjusted performance metrics for Talen Energy Corporation (TLN) 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.

TLNCVD.TODifference
Sharpe ratioReturn per unit of total volatility
0.73
0.67

+0.07

Sortino ratioReturn per unit of downside risk
1.41
0.95

+0.46

Omega ratioGain probability vs. loss probability

1.17

1.13

+0.04

Calmar ratioReturn relative to maximum drawdown

1.29

1.51

-0.23

Martin ratioReturn relative to average drawdown

2.62

3.12

-0.49

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

TLN vs. CVD.TO - Sharpe Ratio Comparison

The current TLN Sharpe Ratio is 0.73, which is comparable to the CVD.TO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of TLN 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

TLNCVD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.73

0.67

+0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.13

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.30

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.98

0.15

+1.84

Drawdowns

TLN vs. CVD.TO - Drawdown Comparison

The maximum TLN drawdown since its inception was -33.80%, roughly equal to the maximum CVD.TO drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for TLN and CVD.TO.

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Drawdown Indicators

TLNCVD.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.80%

-34.37%

+0.57%

Max Drawdown (1Y)

Largest decline over 1 year

-32.05%

-3.78%

-28.27%

Max Drawdown (3Y)

Largest decline over 3 years

-33.80%

-14.52%

-19.28%

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.91%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.24%

—

Current Drawdown

Current decline from peak

-18.18%

-3.78%

-14.40%

Average Drawdown

Average peak-to-trough decline

-7.27%

-9.34%

+2.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.71%

1.83%

+13.88%

Volatility

TLN vs. CVD.TO - Volatility Comparison

Talen Energy Corporation (TLN) has a higher volatility of 16.60% compared to iShares Convertible Bond Index ETF (CVD.TO) at 1.39%. This indicates that TLN'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

TLNCVD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.60%

1.39%

+15.21%

Volatility (6M)

Calculated over the trailing 6-month period

41.46%

6.65%

+34.81%

Volatility (1Y)

Calculated over the trailing 1-year period

56.37%

8.61%

+47.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

49.91%

11.37%

+38.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.91%

11.79%

+38.12%

Dividends

TLN vs. CVD.TO - Dividend Comparison

TLN 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%
TLN
Talen Energy Corporation		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

TLN and CVD.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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